Wiring Duct Market By Product Type ( Slotted Wire Duct (Wide-slotted Wire Duct, Narrow-Slotted Wire Duct & Round Hole Wire Duct), Solid wall Wire Duct & Flexible Wire Duct), By Application (Commercial & Industrial), By Region & Global Industry Size, Share, Growth, Trends & Forecast Report | 2024 to 2029

Updated On: January, 2024

ID: 8627

Pages: 170

Wiring Duct Market Size, Value, Growth (2023-2028)

Wiring Duct Market is expected to be valued at USD 5 million in 2023 and is expected to reach USD 7 million by the end of 2028, with an annual growth of 6.45%

Wiring Duct Market overview:

Wiring Duct is a technology that conceals and routing wiring in electrical control panels. These wiring ducts are rigid trays that are used as raceways to organize and protect the installations of the wiring in the electric enclosures. Because of the materials that are used in the construction of buildings and houses, it isn't very easy for the application of wiring systems. This is where these wiring ducts are making their mark by their ease of use. These wiring ducts are also enabling to remap the wirings easily.The growth of the wiring duct market is attributing to its usage as raceways for cables and wires within electric enclosures and the development of frequently changing wiring systems. The demand for these wiring ducts is rising day by day because of its availability of raw material, mainly n the developed nations.An increase in the construction industry demand for the large and secure wiring systems in the housing societies, industries, commercial applications, low maintenance, and development costs is increasing the growth of the global wiring duct market. The significance of urbanization, investments in the infrastructure activities, high demand from the IT industry, and the rise of large organizations are fuelling the rise wiring duct industry.The companies that are developing these wiring ducts are exploring the market with collaborations and sponsorships, which is creating opportunities for the development of the wiring duct market. Also, new players are introducing their ducts with integrating technology to get the consumers' attention. These are the driving points of the Wiring Duct Market. Also, the never-ending construction activities around the world are likely to reinforce the global wiring ducts industry in the future.

Wiring Duct Market Drivers and Restraints

The wiring ducts are rigid trays used as tracks to organize and protect the cables inside the electrical boxes. Cable ducts, as well as ducts, cable ducts, and cable ducts, are often used as an essential part of a cable management system. The demand for cable ducts is increasing significantly worldwide, particularly in developing countries, due to the presence of large unorganized sectors and the high availability of raw materials. The market for cable ducts in different parts of the world is going through several phases. North America and Europe are mature regions of the global wiring cable duct market due to the presence of essential telecommunications and commerce sectors in these regions.The major restraints that are limiting the wiring duct market are waste management, which poses a significant threat to the environment during the recycling of ducts and continually varying prices of raw materials.

Opportunities for Wiring Duct Market

The introduction of halogen-free wiring ducts should create lucrative opportunities for the market during the forecast period. This factor would continue to stimulate the global market for wiring ducts over the forecast period. PVC is not an environmentally friendly chemical. Therefore, the elimination of PVC wiring ducts is a significant problem. Since PVC is not naturally degradable, its combustion releases a large quantity of highly toxic dioxins. These dioxins enter the human food chain by contaminating the earth and water.

RECENT ACHIEVEMENTS

September 2017: Atkore International Group announces the acquisition of Flexicon Limited, a global manufacturer of soft metal and non-metal cable protection systems, with numerous product approvals in the international market and serving the industrial, commercial and industrial sectors. And infrastructure, in more than 55 countries.

Wiring Duct Market Segmentation:

Wiring Duct Market Analysis: By Product Type

Slotted Wire Duct
- Wide-slotted Wire Duct
- Narrow - slotted Wire Duct
- Round hole Wire Duct
Solid wall Wire Duct
Flexible Wire Duct

Based on the Product, the slotted duct wire segment is ruling the market due to high demand in telecom, IT, and data center industries. The solid duct wires segment is likely to grow over the forecast period owing to market driving factors such as increasing demand for implantation of these wires for critical cables protection.

Wiring Duct Market Analysis: By Application

Industrial
Commercial

Based on the Application, the construction industry is one of the significant contributors to the growth of the wiring industry. It is dominating the market with a constant rise in infrastructure development projects, houses, townships, amusement parks, and movie theaters across the world. In 2018, construction industry growth has increased at a rate of 3.7% and further witnessed growth in 2019. The IT sector is also a major contributor to the wiring duct market.

Wiring Duct Market By Regional Analysis:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

North American market is continuously growing but showing less growth compared to the Asia Pacific and Europe as it is a developed nation, and it comes next to the European market that is multiplying at a high rate of CAGR. The US witnessed significant growth owing to the increasing number of construction projects, booming IT sector and data center facilities, and urbanization. It has registered more than USD 500 billion only from hotel construction in 2016, an increase in construction projects will subsequently result in demand for wiring ducts, eventually impacting the growth of wiring ducts market.

The Asia Pacific is dominating the market and is also expected to snowball at a high rate over the forecast period due to factors like increasing projects of converting rural into urban that led to an increase in construction projects, availability of resources and unorganized players, power supply and electrification, power generation projects. The wiring duct market is growing at a brisk pace in India due to a rise in investments in infrastructure development and real estate, urbanization, direct investments from foreign regions. The wiring duct market in China is anticipated to grow at a CAGR of 5.4% between 2019-2027.