What is Wiring Duct Market?
Wiring Duct is a wire management solution for routing and concealing wiring in electrical control panels. Under floor path which are used for cables lying in large buildings, stores and offices, where wiring scheme is very difficult because the whole building is constructed with concrete and iron. Therefore the duct were introduced to place the wires and cables under the floor. Wiring ducts are used to organize and guard cables within enclosures. They usually include features that let the cables and wires to be easily re-routed and terminated within the enclosure. Wiring ducts, along with conduit, wire ways and cable carriers, are mostly used as basic components of a cable management system.
The market study is being classified by Type (Rigid and Flexible), by Application (IT Hubs, Network Cabling Systems, Data Centers, Office Spaces, Hospitals, Oil & Gas Industries and Others (Chemical Plants, Grain Elevators)) and major geographies with country level break-up.
ABB Ltd. (Switzerland), Hager Group (Germany), Panduit Corporation (United States), OMEGA Engineering, Inc. (United States), Phoenix Contact GmbH & Co. KG (Germany), Hammond Manufacturing (Canada), Schneider Electric (France), Mitsubishi International Corporation (Japan), Legrand (France), HellermannTyton (United Kingdom) and Leviton (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Eaton Corporation PLC (Ireland), Atkore International (United States), KAI SUH SUH ENTERPRISE (Taiwan) and KOWA KASEI Co. Ltd. (Japan).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Wiring Duct market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Wiring Duct market by Type, Application and Region.
On the basis of geography, the market of Wiring Duct has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand for Industrial Automation Process
- Rapid Growth in the Construction Sector
Market Trend
- Widely used as an Insulating or Jacketing Material
- Expansion of IT hubs, Telecom Industry and Data Centers at a High Pace
Restraints
- Environmental Concerns Regarding Recycling and Disposal of Ducts
- Rapid Changes in the Prices of Raw Materials
Opportunities
- Increasing Investments in Infrastructure Development Activities in Developing Countries
- Increasing Demand from Renewable Power Generation Sector
Challenges
- Lack of Uniform Standards & Interoperability
Market Leaders and some development strategies
September 27, 2018: Atkore International Group Inc. announced that it has entered into a definitive agreement with Pentahold NV to acquire Vergokan International NV. This transaction provides Atkore with an expanded presence in Western Europe and strengthens our electrical portfolio of cable management products.
Key Target Audience
Manufacturers of Wiring Duct, Suppliers of Wiring Duct, Wholesalers, Distributers and Retailers of Wiring Duct, Wire and Cable Manufacturing Companies, Governmental Bodies, Power Distribution Companies and Research Organization