Wiring Duct Market

Global Wiring Duct Market Size (2024-2029):

The Global Wiring Duct Market was worth US$ 5 million in 2023 and is anticipated to reach a valuation of US$ 7.28 million by 2029 from US$ 5.32 million in 2024. It is predicted to register a CAGR of 6.45% during the forecast period 2024-2029.

MARKET SCENARIO

A wiring Duct is a technology that conceals and routes 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 also enable the easy remap of the wirings. The growth of the wiring duct market is attributed 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 the availability of raw materials, mainly in the developed nations. An increase in the construction industry demand for large and secure wiring systems in 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 infrastructure activities, high demand from the IT industry, and the rise of large organizations are fuelling the rise of the 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.

MARKET DRIVERS

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.

MARKET RESTRAINTS

The major restraint that is limiting the wiring duct market is waste management, which poses a significant threat to the environment during the recycling of ducts and continually varying prices of raw materials.

MARKET OPPORTUNITIES

The introduction of halogen-free wiring ducts should create lucrative opportunities for the market during the forecast period. This factor will 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.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Wiring Duct Market Analysis By Product Type

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 implanting these wires for critical cable protection.  

Global Wiring Duct Market Analysis By Application

Based on the Application, the construction industry is one of the significant contributors to the growth of the wiring industry. It dominates the market with a constant rise in infrastructure development projects, houses, townships, amusement parks, and movie theaters worldwide. In 2018, construction industry growth 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.

REGIONAL ANALYSIS

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 briskly in India due to a rise in investments in infrastructure development and real estate, urbanization, and direct investments from foreign regions. The wiring duct market in China is anticipated to grow at a CAGR of 5.4% between 2024-202.

KEY PLAYERS IN THE GLOBAL WIRING DUCT MARKET

Companies playing a prominent role in the global wiring duct market include Legrand, Aliaxis Group, Schneider Electric, ABB Ltd, Mitsubishi International Corporation, Eaton Corporation PLC, Fiberglass Champion Inc, Anamet Electrical Inc, Barton Engineers Ltd, Wheatland Tube, HellermannTyton, Robroy Industries, and Others.

RECENT HAPPENINGS IN THE GLOBAL WIRING DUCT MARKET

• 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. Flexicon serves the industrial, commercial, and infrastructure sectors in more than 55 countries.

DETAILED SEGMENTATION OF THE GLOBAL WIRING DUCT MARKET INCLUDED IN THIS REPORT

This research report on the global wiring duct market has been segmented and sub-segmented based on product type, application, and region.

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

• Industrial
• Commercial

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa