Wiring Duct Market: Global Industry Analysis and Forecast (2023-2029) by Type, Application, Industry and Region

Wiring Duct Market size was valued at US$ 371.15 Million in 2022 and the total Wiring Duct revenue is expected to grow at 4.1% through 2023 to 2029, reaching nearly US$ 491.71 Million.
Wiring Duct Market Overview:
A wiring duct is a technique used in electrical control panels to route and conceal wiring. Because these wiring ducts are hard trays that are utilized as raceways, they protect and arrange the wiring installations in the electrical enclosures. Wiring ducts make it easier to apply wiring systems, which would otherwise be problematic owing to the materials used in home and building construction. They also make remapping of wirings an easy task. As a result, they're used in wires within electric enclosures, cable raceways, and wiring systems in applications such as building, industry, residence, commercial, and telecom.

Wiring arrangements in today's industrial and commercial sectors must be efficient and have qualities that may be changed often. During the installation of wiring systems, more dependable safety and security is a concern. The success and profitability of the cable management industry are dependent on the development of new devices that are easy to install and are affordable.To know about the Research Methodology:- Request Free Sample Report

In this report, the wiring duct market's growth reasons, as well as the market's many segments (Type, Application, Industry and, Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global market situation.
Wiring Duct Market Dynamics:
Due to the presence of huge unorganized industries and abundant raw resources, demand for wire ducts is rising globally, particularly in emerging economies. In different regions of the world, the market for wire ducts is in various stages.

Waste management, which poses a danger to the environment during duct recycling, and constantly fluctuating pieces of raw materials are the key limitations on the wire duct market in the forecast period.

During the forecast period, the adoption of halogen-free wire ducts is likely to provide profitable prospects for the market. During the same forecast period, this aspect would continue to aid the global market for wiring ducts. Polyvinyl chloride is a chemical that is not good for the environment. As a result, the removal of PVC wire ducts is a serious issue. PVC is not naturally degradable, thus when it is burned, it produces a substantial amount of very dangerous dioxins. By poisoning the ground and water, dioxins make their way into the human food chain. As a result, environmental concerns about pipeline recycling and disposal are a significant issue impeding the market for wiring ducts.
Wiring Duct Market Segment Analysis:
By Application, the commercial segment held the highest share in the wiring duct market in 2022. It is expected to grow at the highest CAGR of 8.1% during the forecast period. This can be attributed to the high demand for wiring ducts in IT companies for network systems installation, data center activities, office spaces, hospitals, and other retail complexes to organize large bundles of cables and separate them from raceway in an electrical enclosure. The industrial segment is expected to follow the commercial segment in terms of market share. It is expected to witness a CAGR of 7.8% in the same forecast period. Furthermore, increased demand for wiring ducts in industrial applications, particularly in the oil and gas industry, chemical plants, etc., is likely to aid the growth of the wire duct market.

By Industry, the manufacturing segment is expected to witness a CAGR of 7.9% in the aforementioned forecast period followed by IT and Telecom segment with a CAGR of 7.6% in the same forecast period. The surge in automation is responsible for the growth of the manufacturing segment.

Because of the growing need for industrial automation, industrial processes are upgraded regularly. This has resulted in an increase in the manufacturing industry growth, which drives the wire duct market. An industrial automation system is made up of several interconnected systems, and as these systems get more sophisticated, the need for wiring ducts to route and protect wires is increasing. Furthermore, as the global IT infrastructure grows, there is a need for wiring ducts to minimize the industry's complexity, which has resulted in an increase in their use.
Regional Insights:
Because of their large telecommunications and commercial bases, North America and Europe are likely to have a considerable share of the wiring duct market by the end of the forecast period. Due to the rise of manufacturing companies, the telecom sector growth, and data center maintenance, as well as the presence of major telecom companies in China and the development of power networks, the Asia Pacific area is expected to be the fastest-growing region for this market throughout the forecast period. Furthermore, by the end of the forecast period, South Asian countries e.g. China, Japan, and South Korea are likely to occupy significant shares of the Asia Pacific market. Because of infrastructure development, the Middle East and Africa are seeing significant growth in the market.The objective of the report is to present a comprehensive analysis of the Wiring Duct market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of 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 a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the market dynamics, structure by analyzing the market segments and projecting the Wiring Duct market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
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Wiring Duct Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 371.15 Mn.


Forecast Period 2022 to 2029 CAGR:
4.1%
Market Size in 2029:
US $ 491.71 Mn.


 Segments Covered:
by Type
Slotted Wire Duct
Solid-wall Wire Duct
Flexible Wire Duct
Others


by Application
Commercial
Industrial


by Industry
IT & Telecom
Construction
Energy & Utility
Manufacturing
Other



Wiring Duct Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Wiring Duct Market, Key Players are:
1. Atkore International Inc.
2. Legrand SA
3. Schneider Electric SE
4. ABB Ltd.
5. Aliaxis Group
6. Mitsubishi International Corporation
7. Eaton Corporation PLC
8. Robroy Industries
9. Anamet Electrical Inc.
10.Barton Engineers Ltd.
11.Wheatland Tube Co.
12.HellermannTyton Corp
13.Fiberglass Champion
14.Betaduct
FAQs:
1. Which is the potential market for the Wiring Duct in terms of the region?
Ans. North America and Europe are likely to have a considerable share of the wiring duct market by the end of the forecast period.

2. What are the drivers of the Wiring Duct market?
Ans. During the forecast period, the adoption of halogen-free wire ducts is likely to provide profitable prospects for the market

3. What is expected to drive the growth of the Wiring Duct market in the forecast period?
Ans. Due to the presence of huge unorganized industries and abundant raw resources, demand for wire ducts is rising globally

4. What is the projected market size & growth rate of the Wiring Duct Market?
Ans. Wiring Duct Market size was valued at US$ 371.15 Million in 2022 and the total Wiring Duct revenue is expected to grow at 4.1% through 2023 to 2029, reaching nearly US$ 491.71 Million.

5. What segments are covered in the Wiring Duct Market report?
Ans. The segments covered are Type, Application, Industry and, Region.