The Europe Cable Conduit Systems Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027).
Steel (galvanized steel and stainless steel), aluminum, polyvinyl chloride (PVC), and composite materials such as fiberglass are the most common raw materials used to make cable conduit systems. Moreover, these raw materials are obtained from established vendors, and cable conduit system manufacturers often maintain solid relationships with multiple raw material suppliers. This enables manufacturers to maintain a constant raw material inflow despite minor disruptions. The regular variations in the prices of components such as steel, aluminum, and PVC, however, pose a significant danger to cable conduit system makers. This has a considerable impact on the overall profitability of these conduit system manufacturers.
Because of widespread use in power transmission, the energy industry has considerable potential opportunities for the electrical conduit market. In recent years, the rapidly rising global population, combined with economic progress and urbanisation, has resulted in a considerable increase in energy demand. For some years, global energy generation has not been to fulfill the exploding consumption of electricity.
The region is considered the hub for automobiles as many renowned automobile companies have their HQs and presence in this region. In addition, high economic development and a high rate of technological developments and innovations would act as the key trends of the regional market. Customers in the region have long been concerned about issues like fire safety and other efficiency improvements. End-use industries have found it difficult to select suitable cable conduit systems for certain applications; as a result, manufacturers have expanded the range of attributes and efficiency in these with regard to industry-specific applications to fulfill industry requirements. The introduction of a new cable conduit with upgraded features has helped the regional players to gain the maximum revenue share.
The Germany market dominated the Europe Cable Conduit Systems Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $614 million by 2027. The UK market is exhibiting a CAGR of 5.6% during (2021 - 2027). Additionally, The France market would showcase CAGR of 7.3% during (2021 - 2027).
Based on Type, the market is segmented into Rigid and Flexible. Based on End User, the market is segmented into IT & Telecommunication, Energy, Healthcare, Manufacturing, Commercial Construction and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cable Conduit Systems Market Size will Hit $9.1 Billion by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, Hubbell Incorporated, Legrand S.A., Schneider Electric SE, ABB Group, Atkore, Inc., Igus GmbH, S&C Electric Company, Champion Fiberglass, Inc., and Dura Line ltd. (Orbia Advance Corporation, S.A.B. de C.V.)
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Companies Profiled
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