Global Wiring Duct Market, By Product (Flexible Cable Duct, Rigid Cable Duct), Material (Concrete Cable Duct, Plastic Cable Duct, Metal Cable Duct), End User (IT and Telecom, Construction, Energy and Utility, Manufacturing), Application (Commercial, Industrial) – Industry Trends and Forecast to 2029
Market Analysis and Size
Wiring arrangements in today's commercial and industrial industry must be proficient and have qualities that may be changed often. During the process of installation of wiring systems, more dependable security and safety is a major concern. The profitability and success of the cable management industry are mainly dependent on the development of affordable and easy-to-install new devices. Wiring ducts is a device which make the process easier to apply wiring systems, otherwise it would be problematic because these materials are used in building and home construction.
Data Bridge Market Research analyses that the wiring duct market was valued at USD 357.40 million in 2021 and is expected to reach USD 502.45 million by 2029, registering a CAGR of 4.35 % during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Flexible Cable Duct, Rigid Cable Duct), Material (Concrete Cable Duct, Plastic Cable Duct, Metal Cable Duct), End User (IT and Telecom, Construction, Energy and Utility, Manufacturing), Application (Commercial, Industrial)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Atkore (U.S.), Legrand. (France), Schneider Electric (France), ABB (switzerland), Aliaxis Group S.A. (Belgium), Mitsubishi International Corporation (Japan), Eaton (Ireland), Robroy Industries (U.S.), Anamet Electrical Inc. (U.S.), Barton Engineers Ltd. (U.K.), Zekelman Industries (U.S), HellermannTyton (U.K.), Champion Fiberglass, Inc. (U.S.), BPX Electro Mechanical Co. Ltd. (U.K.), Omega Engineering, Inc, (U.S.), Panduit (U.S.), Phoenix Contact (Germany)
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Opportunities
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Market Definition
Wiring ducts are the troughs that separate and guide short cable and wire runs. They often have fingers on both sides, creating small slots for cables to be removed, added or rerouted. Wiring ducts are perfect for organizing wires because it splits off at several points in a tight space and are normally mounted inside the control panels, electrical enclosures, and machines. They allow for configuration changes and provide a neat and clean appearance for the wiring.
Wiring Duct Market Dynamics
Drivers
- Rising demand in several retail complexes
The demand of wiring ducts increase because it is used in many retail complexes such as in office spaces, hospitals, IT hubs, network cabling systems, data centres, telecom industry and other retail complexes for organize large bundles of wires and separate them from raceway in an electric enclosure. Telecom industry, IT hubs, and data centres are increasing at a high rate, which are expected to drive the demand for wiring ducts during the forecast period.
- Increasing demand in automotive sector
The industrial automation are upgraded regularly which increase the growth of industrial automation. This has resulted in an upsurge in the manufacturing industry's growth, which is expected to drive the wire duct market globally. An industrial automation system is made up of numerous interconnected systems due to this, these systems get more sophisticated, so the requirement for the wiring ducts to protect and route wires is increasing.
Opportunities
- Growing investment and infrastructure development
The rising infrastructure development activities and increasing investments in real estate will positively influence the growth of the wiring duct market globally during the forecast period.
Also, the rising demand from the IT sector and rising population and urbanization will significantly drive the growth of the global wiring duct market. Furthermore, the large organizations will create beneficial opportunities for developing the wiring ducts market in the forthcoming period.
Restraints/ Challenges
- Environment concern
Polyvinyl chloride is a chemical compound which is not good for our environment. Accordingly, the removal of PVC based wire ducts is a serious issue for the environment. PVC chemical compound is not naturally degradable, when it is burned then produces large amount of dangerous dioxins. As a result, environmental concerns regarding disposal are a significant factor which is impeding the wiring ducts market.
- Fluctuation in costs
Fluctuation in the prices of raw material and complications in installing this device are the major factors that restrain the market and are expected to hamper the growth of the wiring duct market during this forecast timeline.
This wiring duct market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wiring duct market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Wiring Duct Market
The outbreak of the COVID-19 virus had a significant impact on the manufacturing and production processes, which has hindered the growth of the wiring conduct market and reduced the demand for the wiring duct. The restrictions during COVID also largely hampered various industrial and constructional operations and further disrupted the supply chain, affecting the market largely. In addition, there was a lack of workers, due to which majority of businesses have ceased operations.
Global Wiring duct Market Scope
The wiring duct market is segmented on the basis of product, material, end user and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Flexible Cable Duct
- Rigid Cable Duct
Material
- Concrete Cable Duct
- Plastic Cable Duct
- Metal Cable Duct
End User
- IT and Telecom
- Construction
- Energy and Utility
- Manufacturing
Application
- Commercial
- Industrial
Wiring Duct Market Regional Analysis/Insights
The wiring duct market is analysed and market size insights and trends are provided by country product, material, end user and application as referenced above.
The countries covered in the wiring duct market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-pacific leads the wiring duct market in terms of market share during the forecast period. This is due to the increasing designs in the range of energy accumulation and electrification in certain provinces also generate plentiful timeliness for the extension of the market.
North America is projected to be the fastest developing region due to the presence of the large-sized commercial and telecom sectors in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wiring Duct Market Share Analysis
The wiring duct market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to wiring duct market.
Some of the major players operating in the wiring duct market are:
- Atkore (U.S.)
- Legrand. (France)
- Schneider Electric (France)
- ABB (switzerland)
- Aliaxis Group S.A. (Belgium)
- Mitsubishi International Corporation (Japan)
- Eaton (Ireland)
- Robroy Industries (U.S.)
- Anamet Electrical Inc. (U.S.)
- Barton Engineers Ltd. (U.K.)
- Zekelman Industries (U.S)
- HellermannTyton (U.K.)
- Champion Fiberglass, Inc. (U.S.)
- BPX Electro Mechanical Co. Ltd. (U.K.)
- Omega Engineering, Inc, (U.S.)
- Panduit (U.S.)
- Phoenix Contact (Germany)
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