April 4, 2020

Cable Protection Tubes Market | Top Players are Hubbell Incorporated, Schneider Electric SE, ABB Ltd, Legrand S.A., Atkore International Inc. etc.

According to a new market research report published by Credence Research, the global market for cable protection tubes is set to grow with 6.30 per cent CAGR during the forecast period 2019 to 2027.

Market Insights

The market for cable protection tubes is governed by the growing construction industry and the growing IT & telecommunications industry worldwide. The construction sector is one of the largest in the world economy. Every year more than US$ 10.0 Tn is spent on construction related goods and services. Cable protection tubes have been used due to their advantages, such as increased cable safety, improved cable performance, reduced maintenance time and more. Major market players emphasize the launch of new products in order to introduce newer products for specific applications such as industrial manufacturing and processing. For this purpose, mergers and acquisitions have been one of the most important strategies on the market. For example, in 2017, Atkore International acquired two companies, Flexicon Limited and Calpipe Industries LLC, which helped to strengthen its product portfolio and its global presence.

Browse the full report at https://www.credenceresearch.com/report/cable-protection-tubes-market

Based on the product type, the market for cable protection tubes is driven by the segment of flexible cable protection tubes. Flexible cable protection tubes contributed more than 60% of the total revenue generated worldwide in 2018. Flexible cable protection tubes are moisture-resistant and easy to bend and install. Flexible cable protection tubes are commonly installed inside walls such as wood or metal frame walls and concrete blocks. For these reasons, we expect flexible cable protection tubes to lead the market throughout the forecast period.

Based on geography, North America is the largest regional market for cable protection tubes. North America is the largest market due to replacement of the traditional electrical equipment with enhanced high-quality systems. We are expecting a rapid growth in the Asia Pacific region due to rising construction industry in the region, mainly in China and India. On account of increasing electricity demand from developing economies and various government schemes are driving the market. For instance, in India, government launched “One Nation-One Grid-One Price” program in 2016 to interlink all state and national grids to achieve single tariff plan in the whole country. Due to increasing urbanization and consumer spending on electrical installation, the market here is expected to register rapid growth in years to come.

Some of the major companies profiled in the report include Hubbell Incorporated, Schneider Electric SE, ABB Ltd, Legrand S.A., Atkore International Inc., Electri-Flex Company, Eaton Corporation PLC, Robroy Industries, Champion Fiberglass Inc., Dura-Line Holdings Inc., Thomas and Betts Corporation, HellermannTyton Group Plc., Aliaxis SA, Calpipe Industries, Inc. Anamet Electrical, Inc., Electri Flex Co, and others.

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59755

Report Scope by Segments

By Product Type

  • Rigid Cable Protection Tubes
  • Flexible Cable Protection Tubes

By Material Type

  • Metallic
  • Non-Metallic

By Application/End User

  • Industrial
  • Commercial
  • Residential

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59755

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