It is an important tool for business organizations to make their networks more competitive in today's technologically advancing world. A cable conduit system is made up of a group of cables, which are long enough for a single telephone call, but small enough that they can be installed in a variety of places. The cables are strategically located near each other to create a direct path between the source of electricity and the final destination. The cables are designed and manufactured by several manufacturers for various applications. Each has its own unique characteristics which make it stand out from the other companies. Apart from providing a safe and secure environment for the cables and the data, the installation process of the cable conduit system also provides many other advantages.
Increasing demand for highly secure and safe wiring system is expected to drive growth of the global cable conduit system market during the forecast period. The demand for safer and secure wiring systems in buildings both residential and commercial has increased significantly in the recent past. The conduit system plays a vital role in addressing the necessity of safety and protection from various external interferences as well as exposure to flammable gases. Conduits can even provide safety from volatile substances when they are properly installed with sealed fittings. Besides, in commercial settings, the conduit is directly submerged into concrete for precautionary measures in high power consumption. Thus, these factors are expected to drive growth of the global cable conduit system market during the forecast period. Furthermore, technological advancements in cable conduit are expected to propel the global cable conduit system market growth in the near future. For instance, in January 2020, Radix Wire & Cable introduced Champion Flame Shield XW phenolic conduit, a hardware option for DuraLife circuit integrity cable systems.
However, rising prices of raw materials combined with high installation costs are expected to hinder the cable conduit system market in the near future. Besides, a gradual shift from rigid to flexible cable conduit and technological advancements in materials can provide major growth opportunities in the global cable conduit system market. Furthermore, Asia Pacific is to witness a massive growth in the near future, owing to rapid urbanization in emerging economies such as India and China.
Key companies operating in the global cable conduit system market are Hubbell Inc., Prime Conduit, Schneider Electric SE, Dura-Line Holdings Inc., ABB Group, Champion Fiberglass Inc., Legrand, Robroy Industries, Aliaxis Group Eaton Corporation plc, Atkore International, and Electri-Flex Company.
For instance, in March 2020, ABB Group partnered with Legend Corporation Limited for the distribution of conduits and fittings.