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FTTx Pipes Market to witnessing at 9.9% CAGR from 2019 to 2026 due to rising demand in developing countries and growth of telecommunication sectors
FTTx pipes market
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On the basis of product type, the market is categorized into standard ducts, micro ducts, pathways, and others. The pathways segment held the lion's share in 2018, accounting for more than one-third of the total market. However, the micro ducts segment is anticipated to portray the highest CAGR of 10.5% during the forecast period.
Based on industrial vertical, the market is divided into telecom, power, transport, building & infrastructure, and others. The transport segment is projected to manifest the highest CAGR of 10.7% during the study period. However, the telecom sector held the largest share in 2018, accounting for more than one-fourth of the market.
Rise in demand in developing countries and growth of the telecommunication sectors in developing regions drive the growth of the global FTTx pipes market. On the contrary, volatile oil prices hinder the market growth. However, the integration in power & energy infrastructure would open new opportunities in the coming future.
The global FTTx pipes market is segmented on the basis of material type, product type, industrial vertical, application area, and geography. Based on material type, the market is divided into HDPE, MDPE, and PVC. The HDPE segment is anticipated to manifest the highest CAGR of 10.1% during the forecast period. Moreover, the segment dominated in 2018, accounting for more than 90% of the total revenue.
The global FTTx pipes market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2018, accounting for nearly half of the total revenue. However, the market across North America is projected to register the highest CAGR of 10.3% during the study period.
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The global FTTx pipes market report includes an in-depth analysis of the major market players such as Apollo Pipes, Craley Group Limited., Afripipes, Furukawa Electric Co., Ltd., Evopipes., GM Plast, Gabo Systemtechnik GmbH, KNET Co., Ltd., Himachal Futuristic Communications Limited, and Orbia.
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COVID-19 impact analysis:
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The FTTx pipes market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the FTTx pipes market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the FTTx pipes market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
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