The Latin America, Middle East and Africa Cable Conduit Systems Market is expected to witness market growth of 10.0% CAGR during the forecast period (2021 2027).
Cable conduits are wiring systems that contain electrical power wires and cables in hollow tubing. PVC, aluminum, steel, and fiberglass are used to make these conduits. Underground and overhead wiring systems can both benefit from cable conduits. Rigid metal conduits, intermediate metal conduits, flexible metallic conduits, electrical metal conduits, PVC conduits, and flexible non-metallic conduits are some of the most prevalent types of cable conduits. Cable conduits outperform conventional wiring methods such as casing and capping and batten wire in terms of protection and longevity, increasing demand for these wiring systems.
The spike in demand for highly secure and safe wiring systems, as well as growing commercial construction activities and regular wiring system adjustments, are all acting as growth factors for the cable conduit systems industry. In addition, new innovation and technological improvements in conduit products is expected to create new growth avenues for the market players. However, rising raw material prices, such as steel, plastic, and aluminum, are limiting market expansion.
In the regional market, makers of Cable conduit systems are increasing their research and development efforts in order to provide high-resistance conduit systems. In addition, R&D initiatives produce competitive price options, increased end-user satisfaction with performance, and the usage of sophisticated technologies. Moreover, increasing R&D efforts through collaborations or partnerships aids companies in bringing new and creative items to the regional market.
Moreover, building sales and service operations in emerging markets, as well as long-term agreements with regional distributors, pave the path for channel expansion. Some of the key trends of the regional market are rising urbanization in the BRICS countries, as well as growing infrastructure interest in the Middle East. Further, the growth of population and urbanization in non-industrial countries is persuading governments to focus on various private and industry projects.
The Brazil market dominated the LAMEA Cable Conduit Systems Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $155.1 million by 2027. The Argentina market is poised to grow at a CAGR of 10.6% during (2021 - 2027). Additionally, The UAE market is expected to display a CAGR of 9.7% during (2021 - 2027).
Based on Type, the market is segmented into Rigid and Flexible. Based on End User, the market is segmented into IT & Telecommunication, Energy, Healthcare, Manufacturing, Commercial Construction and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, Hubbell Incorporated, Legrand S.A., Schneider Electric SE, ABB Group, Atkore, Inc., Igus GmbH, S&C Electric Company, Champion Fiberglass, Inc., and Dura Line ltd. (Orbia Advance Corporation, S.A.B. de C.V.)
Cable conduits are wiring systems that contain electrical power wires and cables in hollow tubing. PVC, aluminum, steel, and fiberglass are used to make these conduits. Underground and overhead wiring systems can both benefit from cable conduits. Rigid metal conduits, intermediate metal conduits, flexible metallic conduits, electrical metal conduits, PVC conduits, and flexible non-metallic conduits are some of the most prevalent types of cable conduits. Cable conduits outperform conventional wiring methods such as casing and capping and batten wire in terms of protection and longevity, increasing demand for these wiring systems.
The spike in demand for highly secure and safe wiring systems, as well as growing commercial construction activities and regular wiring system adjustments, are all acting as growth factors for the cable conduit systems industry. In addition, new innovation and technological improvements in conduit products is expected to create new growth avenues for the market players. However, rising raw material prices, such as steel, plastic, and aluminum, are limiting market expansion.
In the regional market, makers of Cable conduit systems are increasing their research and development efforts in order to provide high-resistance conduit systems. In addition, R&D initiatives produce competitive price options, increased end-user satisfaction with performance, and the usage of sophisticated technologies. Moreover, increasing R&D efforts through collaborations or partnerships aids companies in bringing new and creative items to the regional market.
Moreover, building sales and service operations in emerging markets, as well as long-term agreements with regional distributors, pave the path for channel expansion. Some of the key trends of the regional market are rising urbanization in the BRICS countries, as well as growing infrastructure interest in the Middle East. Further, the growth of population and urbanization in non-industrial countries is persuading governments to focus on various private and industry projects.
The Brazil market dominated the LAMEA Cable Conduit Systems Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $155.1 million by 2027. The Argentina market is poised to grow at a CAGR of 10.6% during (2021 - 2027). Additionally, The UAE market is expected to display a CAGR of 9.7% during (2021 - 2027).
Based on Type, the market is segmented into Rigid and Flexible. Based on End User, the market is segmented into IT & Telecommunication, Energy, Healthcare, Manufacturing, Commercial Construction and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, Hubbell Incorporated, Legrand S.A., Schneider Electric SE, ABB Group, Atkore, Inc., Igus GmbH, S&C Electric Company, Champion Fiberglass, Inc., and Dura Line ltd. (Orbia Advance Corporation, S.A.B. de C.V.)
Scope of the Study
Market Segments Covered in the Report:
By
Type
- Rigid
- Flexible
By End User
- IT & Telecommunication
- Energy
- Healthcare
- Manufacturing
- Commercial Construction
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
Companies Profiled
- Eaton Corporation PLC
- Hubbell Incorporated
- Legrand S.A.
- Schneider Electric SE
- ABB Group
- Atkore, Inc.
- Igus GmbH
- S&C Electric Company
- Champion Fiberglass, Inc.
- Dura Line ltd. (Orbia Advance Corporation, S.A.B. de C.V.)
Unique Offerings from the publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Cable Conduit Systems Market by Type
Chapter 5. LAMEA Cable Conduit Systems Market by End User
Chapter 6. LAMEA Cable Conduit Systems Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Eaton Corporation PLC
- Hubbell Incorporated
- Legrand S.A.
- Schneider Electric SE
- ABB Group
- Atkore, Inc.
- Igus GmbH
- S&C Electric Company
- Champion Fiberglass, Inc.
- Dura Line ltd. (Orbia Advance Corporation, S.A.B. de C.V.)
Methodology
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