Global Wiring Duct Market: Industry Analysis and Forecast (2019-2026)
Global Wiring Duct Marketwas valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2026, at a CAGR of around XX% during a forecast period.
Wiring ducts are used to organize and protect wire cables within enclosures. Wiring ducts, in addition to conduit, wire ways, and cable carriers, are regularly used as basic components of a cable management system. Rising investments in infrastructure development activities, high demand from IT facilities, data centers, and growing urbanization are driving the market for wire and cable management, as well as wiring duct market growth.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Wiring Duct Market dynamics:
The global wiring duct market has been classified based on product, application, type and region. On the basis of product type, the market has been classified into flexible wire duct, slotted wire duct, solid-wall wire duct, and others. Moreover, the slotted wire duct segment has been sub-divided into narrow-slotted wire duct, wide-slotted wire duct, and round-hole wire duct. Currently, Wide-slotted wire duct is the most common type used for cable management. For greater sidewall rigidity, open-slotted wiring ducts are manufactured with wide fingers.
Additional cable support and allowing terminated wires to be re-routed easily is given by rigidity of wire duct material. The limited slot design retains wires in the slot so as to reach at rapid and easy installation or removal of wires. This is the key factor that boosts the demand for flexible wire duct, slotted wire ducts in IT, telecom, and data center industries. Based on application, the global wiring duct market has been categorized into commercial and industrial.
The commercial segment comprises wiring ducts used in IT hubs, network cabling systems, data centers, telecom industry, office spaces, hospitals, and other retail complexes. Increasing demand for solid wire ducts for use in providing complete cable and wire protection for critical cables is expected to augment the wiring duct market during the forecast period.
Common standards and codes which apply to wiring ducts are mostly based on the international IEC 60364 standard for low-voltage wiring.
• NFPA 70 - 2013 National Electric Code (United States)
• BS 7671 - IET Wiring Regulations (Great Britain and some former territories)
• CSA C22.1 - Canadian Electrical Code - Part I Safety Standard for Electrical Installations
Global Wiring Duct Market Restraint and drives:
The halogen-free wiring ducts should provide profitable opportunities for the market during the forecast period. Some wire ducting materials like PVC is not naturally degradable and its combustion produce highly toxic dioxins in large quantity. These dioxins come in human food chain by contaminating the earth and water. Hence environmental concerns related to recycling and disposal of pipelines are an essential factor hampering the global market for cable ducts.
Solid wire duct units provide protect sensitive cables and electric wiring from debris, dust, and other outside contaminants. Increasing demand for eco-friendly, halogen-free wiring ducts is expected to create lucrative opportunities for the global wiring duct market during forecast period.
In Asia Pacific the wiring duct market is expected to expand at a XX% CAGR during the forecast period thanks to presence of numerous manufacturers in China and availability of raw materials in the region at low cost. Asia Pacific is emerging as a manufacturing center for low-end applications. Presence of industrialized countries in North America and Europe have made these regions developed markets for wiring ducts. Alternatively, evolving countries in Asia Pacific and Middle East & Africa that are witnessing industrial and commercial infrastructure development of power networks are driving the wiring duct market. Countries such as China, Japan, and South Korea are also expected to hold significant shares of the market for wiring ducts in Asia Pacific during the forecast period. The wiring duct market in China is likely to expand at a CAGR of XX% from 2018 to 2027.
The objective of the report is to present comprehensive analysis of global Wiring Duct Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding global Wiring Duct Market dynamics, structure by analysing the market segments, and project the global Wiring Duct Market size. Clear representation of competitive analysis of key players by wire duct Type, price, financial position, product portfolio, growth strategies, and regional presence in the global Wiring Duct Market make the report investor’s guide.
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Scope Of Global Wiring Duct Market report segments the market ,Inquire before Buying
Global Wiring Duct Market report segments the market on the basis of:
• finger wire duct
• Narrow finger wire duct
• Solid Wall Wire Duct
• Flexible wiring duct
• Other types
Global Wiring Duct Market, Product:
• Slotted Wire Ducts
• Solid Wall Wire Ducts
Global Wiring Duct Market, Applications:
• Industrial
• Commercial
Global Wiring Duct Market,Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players In Global Wiring Duct Market:
• ABB
• Panduit
• Phoenix Contact
• Hellermann Tyton
• KSS
• KOWA KASEI
• OMEGA Engineering
• IBOCO (Hager Group)
• Leviton
• Hammond manufacturing
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