The North America Cable Conduit Systems Market is expected to witness market growth of 6.4% CAGR during the forecast period (2021 2027).
The demand for conduit systems is expected to rise due to the increased efforts to reduce fire, health, electrical supply problems, and other operational risks, as well as favorable legislative reforms pertaining to the upgrading of standardized product requirements. A favorable business scenario will be created by the lack of effective electrical infrastructure in developing countries and the continuing retrofit of existing electric networks in industrialized countries. Moreover, increasing R&D investments from prominent participants to expand and develop the product portfolio with the goal of incorporating a versatile technical platform is expected to also be a game-changer for the industry.
As smart grid networks infiltrate industrial peripherals, infrastructure restructuring will necessitate safe and secure operations, fueling the growth of the cable conduit market. In addition, these products enhance the aesthetics of the inside environment in both commercial and residential institutions, resulting in increased product demand. Moreover, the market is expected to be driven by the optimistic consumer and installer attitudes regarding safe and secure energy supply bolstered by aesthetic closeness.
According to the American Institute of Architects' semi-annual study, the commercial building will account for the majority of the demand for cable conduit systems while the increased need for better infrastructure presents the potential for cable conduit systems.
In addition, as technology advances, IoT-ready commercial building design is becoming more prevalent in the region. A backhaul fiber network is frequently required for IoT networks. Wired connections is expected to be required depending on the extent of the operation and the data generated. The usage of conduit systems installations is required by law in the country, especially in the industrial manufacturing sector. Global energy demand is expected to rise to 736 quadrillion Btu by 2040, according to the US Energy Information Administration. Hence, these aspects are anticipated to open new growth avenues for the players operating in the regional cable conduit systems market during the forecasting period.
The US market dominated the North America 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 $2,281.2 million by 2027. The Canada market is estimated to grow at a CAGR of 8.8% during (2021 - 2027). Additionally, The Mexico market is expected to exhibit a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
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.)
The demand for conduit systems is expected to rise due to the increased efforts to reduce fire, health, electrical supply problems, and other operational risks, as well as favorable legislative reforms pertaining to the upgrading of standardized product requirements. A favorable business scenario will be created by the lack of effective electrical infrastructure in developing countries and the continuing retrofit of existing electric networks in industrialized countries. Moreover, increasing R&D investments from prominent participants to expand and develop the product portfolio with the goal of incorporating a versatile technical platform is expected to also be a game-changer for the industry.
As smart grid networks infiltrate industrial peripherals, infrastructure restructuring will necessitate safe and secure operations, fueling the growth of the cable conduit market. In addition, these products enhance the aesthetics of the inside environment in both commercial and residential institutions, resulting in increased product demand. Moreover, the market is expected to be driven by the optimistic consumer and installer attitudes regarding safe and secure energy supply bolstered by aesthetic closeness.
According to the American Institute of Architects' semi-annual study, the commercial building will account for the majority of the demand for cable conduit systems while the increased need for better infrastructure presents the potential for cable conduit systems.
In addition, as technology advances, IoT-ready commercial building design is becoming more prevalent in the region. A backhaul fiber network is frequently required for IoT networks. Wired connections is expected to be required depending on the extent of the operation and the data generated. The usage of conduit systems installations is required by law in the country, especially in the industrial manufacturing sector. Global energy demand is expected to rise to 736 quadrillion Btu by 2040, according to the US Energy Information Administration. Hence, these aspects are anticipated to open new growth avenues for the players operating in the regional cable conduit systems market during the forecasting period.
The US market dominated the North America 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 $2,281.2 million by 2027. The Canada market is estimated to grow at a CAGR of 8.8% during (2021 - 2027). Additionally, The Mexico market is expected to exhibit a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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
- Guaranteed best price
- 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. North America Cable Conduit Systems Market by Type
Chapter 5. North America Cable Conduit Systems Market by End User
Chapter 6. North America 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
LOADING...
