DUBLIN--(BUSINESS WIRE )--The "Cable Conduit Systems Market By Type and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global cable conduit systems market was valued at $6.13 billion in 2020, and is projected to reach $12.24 billion by 2030, growing at a CAGR of 7.8% from 2021 to 2030.

A piping or raceway system that protects cables and wires from impact, moisture, and fumes is known as a cable conduit system. It is an electrical wiring channel for either power or communication. A conduit is helpful as it simplifies electrical system and makes it safer, thus providing protection in unsafe and damp environments.

Growth of the global cable conduit systems market is anticipated to be driven by surge in use of submersible electric conduits, liquid tight conduits, and conduits providing protection against fire. In addition, rapid urbanization in developing economies leads to increase in construction projects, which, in turn, drives the overall market growth.

However, complex installation process acts as a major restraint of the global cable conduit systems industry. On the contrary, surge in demand for cable conduit systems from renewable power generation projects is expected to create lucrative opportunities for the cable conduit systems market.

Moreover, developing nations tend to witness high penetration of cable conduit systems products, especially in healthcare and energy segments, which is anticipated to augment the market growth. Furthermore, rise in adoption of automation in the manufacturing sector accelerates the cable conduit systems market growth.

3.4. Market Share Analysis/Top Player Positioning

Chapter 4: Cable Conduit Systems Market, by Type

Chapter 5: Cable Conduit Systems Market, by End-user

Chapter 6: Cable Conduit Systems Market, by Region

6.1.1 Market Size and Forecast, by Region

7.7. Key Strategic Moves and Developments

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900