Market Size of Cable Duct Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.55 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cable Duct Market Analysis
The Cable Duct Market was valued at USD 5.554 million in 2020 and is expected to reach USD 7.253 million by 2026, at a CAGR of 4.55% over the forecast period 2021 - 2026. Today's industrial and commercial sectors require efficient wiring arrangements with frequently alterable properties. More reliable safety and security is a thing of concern during the installation of wiring systems. The success and benefit of cable management business depend upon innovating products according to installation and price convenience. A cable duct is beneficial since it results in more simple wiring and is safer, allowing easier and frequent changes in the wiring system, giving protection even in wet and dangerous locations. Further, the wire and cable business analysis identify the increase in renewable power generation. This is supposed to be one of the principal factors for the growth of the electric cable and wire market. This factor is anticipated to support the growth of the cable duct market.
- Cable ducts are mainly used as raceways for cables and wires within electrical enclosures. Cable ducts, along with conduit, wiring ducts, wire ways, and cable carriers, are frequently used as essential components of a cable management system. Growing investments in infrastructure expansion activities, huge demand from IT facilities and data centers, and rising urbanization are propelling the market for wire and cable management, as well as cable duct market growth.
- The development of frequently changed wiring systems in constructions acts as a driving force of the global cable duct market. Owing to the smooth replacement of conductors with a very low disruption, regular wiring changes are made safer and simpler. Thus, the cable ducts guard the wiring replacements against chemical vapors, flammable gases, moisture, electromagnetic interruption, and other external discrepancies. The rise in the development of the construction industry is driving the growth of the cable duct market.
