Welcome!

News Feed Item

Expansion of Construction Industry to Boost the Global Cable Conduit Systems Market Through 2021, Reports Technavio

Technavio market research analysts forecast the global cable conduit systems market to grow at a CAGR of over 11% during the forecast period, according to their latest report.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170113005126/en/

Technavio has published a new report on the global cable conduit systems market from 2017-2021. (Gra ...

Technavio has published a new report on the global cable conduit systems market from 2017-2021. (Graphic: Business Wire)

The market study covers the present scenario and growth prospects of the global cable conduit systems market for 2017-2021. The report also lists rigid metallic, rigid non-metallic, flexible metallic, and flexible non-metallic as the four major product segments for cable conduit systems.

According to Sayani Roy, a lead analyst at Technavio for engineering tools research, “The growing demand for high-degree of wiring protection, particularly in sectors with high regulatory requirements, such as industrial manufacturing, commercial construction, and healthcare sectors is expected to result in a surge in demand for cable conduit systems.”

Request a sample report: http://www.technavio.com/request-a-sample?report=55649

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio heavy industry analysts highlight the following three drivers that are contributing to the growth of the global cable conduit systems market:

  • Expansion of construction industry
  • Demand for increased safety and protection of wiring
  • Demand for frequently alterable wiring systems

Expansion of construction industry

The cable conduit market has registered a steady growth predominantly owing to the continued development of the construction industry, particularly in emerging countries. As per Technavio estimates, the construction industry will generate USD 800 million of revenue for the cable conduit systems during the forecast period. The high demand for better infrastructure provides opportunities for cable conduit systems. Technavio estimates the global construction industry to grow at a higher rate as compared to the global GDP during the forecast period, driven by the recovery of developed countries from economic instability and rapid industrialization of emerging countries.

“Much of the construction growth is expected to be derived from the US, China, and India. The construction industry in emerging markets is expected to experience ten times higher growth rate as compared to the global market,” says Sayani.

Demand for increased safety and protection of wiring

There is a growing demand for safer and more secure wiring systems in commercial and industrial applications. The rise in regulations about electrical safety and standards, particularly in advanced economies, mandates the use of safe cable management systems. Conduits represent the safest wiring system. They protect the internal wiring from moisture, chemical vapors, and from further impact. They provide insulation from accidental damage as well.

Flexible conduits can be liquid-tight, thus making them waterproof or submersible. Metal conduits can shield sensitive circuits from electromagnetic interference and prevent the emission of such interference from enclosed power cables. They can provide protection from fire, explosion hazards, and other hazardous chemicals. Non-metallic conduits like PVC conduits can be directly encased in concrete, forming concealed conduit wiring, thereby allowing cables to be easily pulled into areas that are to become inaccessible in the future. There are halogen-free and green conduit system conduits in the market that can be safely installed in food and healthcare facilities.

Demand for frequently alterable wiring systems

Frequent changes to the wiring systems of commercial structures are common due to the installation of large equipment or the need for specialized systems to handle specific conditions like extreme heat or moisture. Industrial structures often have more demanding requirements for large currents and high voltage; corrosive, damp, or volatile environments; or frequently changing the layout of installed apparatus. In addition, hazardous areas and conditions may require specialized electrical wiring.

The ability to allow frequent alterations in wiring systems makes conduit systems increasingly popular over conventional wiring systems, where multiple runs of cable or customized composite cable systems are required. Recurrent wiring changes in buildings are made simpler and safer with flexible cable conduits, as existing conductors can be easily withdrawn and new conductors installed, with little disruption along the path of the conduit and low additional costs involved.

Browse Related Reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like test and measurement; tools and components; and unit operations. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...