Cable Conduit Market Players to See Huge Investment Opportunities in Near Future | Thomas & Betts Corp, Legrand, Schneider Electric, Hubbell Incorporated, AFC Cable Systems.Inc

The global cable conduit systems market is witnessing a gradual development with increasing adoption rate of efficient wiring systems. Presently, North America is the largest market for cable conduit systems followed by Asia-Pacific, Europe and LAMEA. It has been forecasted that the market for cable conduit systems would witness a double-digit growth over the next 5-6 years owing to the rapidly increasing number of commercial and industrial buildings.

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Cable Conduit Systems Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $7.3 billion by 2022, registering a CAGR of 11.2% during the forecast period 2016 - 2022. North America accounted for the highest share of the overall market revenue. However, Asia-Pacific region is expected to witness the fastest growth during the forecast period, surpassing the North American market from 2017 onwards.

Cable conduits find usage across diverse sectors such as manufacturing, energy, IT & telecommunication, construction, and healthcare among others. Depending upon their need and usability, manufacturing sector is the biggest user of these systems, followed by the construction sector, particularly the commercial construction. From a growth perspective, IT and telecommunication sectors are predicted to grow at a prominent pace because of the increase in virtual market places and tech start-ups, worldwide.

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Currently, rigid cable conduits are widely adopted in the global markets. However, flexible cable conduits are expected to witness a faster growth owing to the easy installation methods and hassle-free alterations in wiring systems. The cable conduit companies apply innovations in their products as per the market needs for gaining a higher market share.

Most of the companies operating in cable conduit systems market opt for strategies such as acquisition, partnership, product launch, and expansion with an intent to gain maximum market share. The key players profiled in this report are Atkore International Inc., Thomas & Betts Corp, Legrand, Schneider Electric, Hubbell Incorporated, AFC Cable Systems.Inc, Calpipe Industries Incorporated, Eaton Corporation Plc, Dura-Line Holdings.Inc, igus. inc, and Champion Fiberglass.Inc.

North America, Asia-Pacific, Europe, and LAMEA are the geographical segments of this market. North America was the leading revenue contributor in 2015 owing to higher demand and utilization of highly efficient cable management products. In terms of growth, the Asia-Pacific region is estimated to witness the highest CAGR, because of the growing industrialization and increasing workforce mobility.

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MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key Findings

3.2.1 Top impacting factors
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.2.4 Porters five forces analysis

3.2.4.1 High prices of raw materials and availability of substitutes lead to moderate bargaining power among suppliers
3.2.4.2 Low switching costs and high threat of backward integration have lead to high bargaining power among buyers
3.2.4.3 High investments and difficulty in accessing the distribution channel lead to low threat of new entrants in the market
3.2.4.4 Low switching cost and product differentiation have lead to moderate threat of substitutes in the market
3.2.4.5 Variety of products and huge competition instils high rivalry in the market

3.3 Value chain analysis

3.3.1 Primary activities
3.3.2 Support activities

3.4 Market share analysis, 2014
3.5 Market dynamics

3.5.1 Drivers

3.5.1.1 Demand for highly secure and safe wiring system
3.5.1.2 Growing commercial constructions
3.5.1.3 Frequent alterations of wiring systems

3.5.2 Restraints

3.5.2.1 Increasing prices of raw material
3.5.2.2 Capacity reduction of the conductors
3.5.2.3 Restriction of the conduit to act as a grounding conductor
3.5.2.4 Complications in installation

3.5.3 Opportunities

3.5.3.1 Cable-in-conduit
3.5.3.2 Innovation and technology advancements
3.5.3.3 Opportunity in residential buildings

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