Transparency Market Research released a research report that would interest anyone interested in the field or hoping to shop for conduits like flexible metal conduit, which talks about the market, detailing the opportunities, segments and key trends.
The report features regional presences, both organized and unorganized, then divvies up the market into the key smaller fragments. According to the report, the global conduit market is led by several corporations, like the Thomas & Betts Corporation, Eaton Corporation PLC. andAtkore International Inc. Additionally, competition in the market remains high, with the high quality product development in the field still a strong opportunity for profit.
The leaders of the field are also strengthening their numbers through new mergers and acquisitions, with aggressive expansion currently being seen as a useful and reliable strategy by the larger companies hoping to improve their portfolio, strengthening it and increasing regional diversity.
The diverse range of customers, including the metal and mining, food and beverages sectors, among others, is driving up demand, and is expected to continue doing so for 2018. Back in 2014, the field that was driving the demand for flexible metal conduit and the global conduit market, was the industrial manufacturing sector, and is expected to maintain that demand for 2018.
In terms of regional division, North America is the largest in the global cable conduit market back in 2014, accounting for 35.6% in value. It is expected that this will continue on in 2018, perhaps even further than that.
The BRICS nations (Brazil, Russia, India, China and South Africa), is currently undergoing rapid urbanization, which the report points out will be a key factor in the market, and currently a noted market for the key players in the industry, who see the BRICS nation as a melting pot of opportunity. Meanwhile, the MENA region is also seeing an increase in infrastructure development, meaning that the cable conduit systems market sees a lot of good things there. Both regions are hotbeds for profit for the global cable conduit systems, according to TMR, with the growing urban population and demand for more advanced infrastructure bringing up the construction and the cable conduit industries in the regions.