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Increase in Housing Projects Driving Growth in Cable Conduit Systems Market: Core Growth Enabler in the Cable Conduit Systems Market, 2025
Cable Conduit Systems Market
What Will the Cable Conduit Systems Industry Market Size Be by 2025?
The market for cable conduit systems has seen robust growth in the past few years. The market forecast suggests an increase from $7.44 billion in 2024 to $8.08 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.6%. The factors contributing to the historic growth include swift urbanization, a surge in income levels, the continuous growth in data centers, increased infrastructure development investments, and a heightened focus on safety in the workplace.
What's the Long-Term Growth Forecast for the Cable Conduit Systems Market Size Through 2029?
Expectations are high for vigorous expansion in the cable conduit systems market in the upcoming years, with projections forecasting a rise to $11.16 billion in 2029, representing a compound annual growth rate (CAGR) of 8.4%. This growth over the predicted period can be traced back to a concentrated emphasis on energy-saving cabling, increased mainstream usage of electric vehicles, burgeoning industrial automation, amplifying fire safety requirements, and the enlargement of commercial real estate ventures. Noteworthy trends throughout this forecasted period encompass the development of cutting-edge materials, intelligent conduit systems, designs that are easy to install, the integration of smart home technologies, and the embrace of digital innovations.
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What Are the Key Growth Drivers Fueling the Cable Conduit Systems Market Expansion?
The cable conduit systems market is predicted to expand with the surge in housing projects. Housing projects imply the construction of new residential structures encompassing houses and apartments. The factors contributing to housing projects include population growth, urbanization, and amplified demand for residential spaces. Cable conduit systems play a crucial role in these projects by shielding electrical wiring from potential damage, ensuring adherence to safety codes. Convenient maintenance, upgrades, and enhanced aesthetics are other advantages. For instance, the Australian Bureau of Statistics, an Australian government body, reported in July 2023 that during the March quarter of that year, 240,813 dwellings were in the process of construction. This marked an increase from the previous year's figure of 240,065 units in the same period. Also, in 2023, the number of new houses being built accounted for 103,778, a steady rise from 101,240 in 2022. Hence, the acceleration in housing projects is fuelling the growth of the cable conduit systems market.
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What Are the Key Trends Driving Cable Conduit Systems Market Growth?
Key companies in the cable conduit systems market are focusing on the creation of innovative products such as electrical conduit solutions, designed to improve safety, durability, and ease of installation. These solutions bolster cable conduit systems by providing superior protection, organization, and pathing of electrical wiring, contributing to safety and adherence to industrial standards whilst mitigating the risk of any potential damage or hazards. An example of this is the launch of the CableTight System in July 2023 by Franklin Electric, an American manufacturing firm. This innovative, watertight electrical conduit solution was created for use in difficult underground conditions. The system utilizes continuous stretches of high-density polyethylene (HDPE) conduit with press-fit connectors, thus allowing for speedy and precise installation whilst maintaining a watertight seal. It is built to be flexible, thereby preventing cracking or kinking during installation in cold weather. Its design can withstand any type of impact, promising reliability in occupied constructions sites.
How Is the Cable Conduit Systems Market Segmented?
The cable conduit systemsmarket covered in this report is segmented -
1) By Type: Rigid Cable Conduit Systems, Flexible Cable Conduit Systems
2) By Material: Metallic, Non-Metallic
3) By End User: Manufacturing, Commercial Construction, Information Technology (IT) And Telecommunication, Healthcare, Energy, Other End Users
Subsegments:
1) By Rigid Cable Conduit Systems: Rigid PVC Conduit, Rigid Metal Conduit (RMC), Intermediate Metal Conduit (IMC), Electrical Metallic Tubing (EMT)
2) By Flexible Cable Conduit Systems: Flexible Non-Metallic Conduit, Flexible Metallic Conduit, Liquid Tight Flexible Conduit, Braided Conduit
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Which Companies Are Leading the Charge in Cable Conduit Systems Market Innovation?
Major companies operating in the cable conduit systems market are Panasonic Corporation, ABB Ltd., Southwire Company LLC, Legrand S.A., Aliaxis Group SA/NV, Atkore International Group Inc., Schneider Electric SE, nVent Electric plc., Franklin Electric Co. Inc., Lapp Tannehill Inc., Supreme Industries Limited, IPEX USA LLC., Cantex Inc., NSI Industries LLC, Electri-Flex Company, Kaiphone Technology Co. Ltd., Flexa GmbH & Co Produktion & Vertrieb KG, AKG Group, Niedax India Cable Management Systems Pvt. Ltd., BEC Conduits Pvt. Ltd., Zhejiang Flexible Technology Co. Ltd., Anamet Electrical Inc.
Which Regions Are Leading the Global Cable Conduit Systems Market in Revenue?
North America was the largest region in the cable conduit systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cable conduit systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Electrical conduit is sturdy tubing or other sort of walled in area used to ensure and give a course to electrical wiring. Conduit is normally required where wiring would be uncovered or where it may be liable to harm. A conduit can be made of metal or plastic and might be inflexible or adaptable.
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