Microduct Cable Market to be Valued USD2130.57 Million by 2027
Development of
ultra-fast broadband network and growing adoption of emerging technologies such
as 5G to boost the global microduct cable market through 2027
According to TechSci Research
report, “Microduct Cable Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027”, the global microduct cable market was
valued at USD992.15 million in 2021 and
is expected to grow at a CAGR of 14.18% to reach USD2,130.57 million by 2027. Factors such as the high
demand from the construction and electronic industries requiring safe and
cost-effective ducting solutions and rapid advancements in cloud computing and
communication networks are driving the demand for the global microduct cable
market. The other prominent factors that are expected to boost the market
growth are the rise in the number of data centers in developing countries and
the development of the ultra-fast broadband network. However, the
unavailability of required technicians and increased incidence of microduct
cable congestion may hinder the global microduct cable market growth in the
forecast period.
Browse over 176 market
data Figures spread through 225 Pages and an in-depth TOC on "Global Microduct Cable Market"
The global microduct cable
market is segmented into installation environment, type, duct type, diameter,
material, application, regional distribution, and competitive landscape. Based
on type, the market is divided into smoothwall, corrugated, and ribbed. The
Smoothwall segment held the dominating market share of 46.10% in 2021, owing to
its ability to provide superior resistance to mechanical and natural damage.
Smoothwall can be used to make gradual bends without the requirement of special
forming equipment, which can influence the market demand in the coming years.
Based on duct type, the
market is divided into thick-walled ducts and tight protected ducts.
Thick-walled ducts led the market with a market share of 59.34% in 2021. The
growth of the segment is attributed to the benefits offered them, such as
greater reliability and robustness and the mass manufacturing of microduct
cables to increase the life of optic fiber cables.
Based on material, the market
is divided into PVC, HDPE, nylon, and others. HDPE segment dominated the market
in 2021 with a market share of 49.45% and is expected to maintain its dominance
over the next five years, 2022-2027. They are highly popular due to their
exceptional low-temperature properties and can provide better resistance to
natural or mechanical damage. High demand for HDPE from the IT industry to
safeguard fiber cables to enhance cable life and lower the maintenance
requirements are further expected to accelerate the segment demand in the
coming years.
Based on application, the
market is divided into electrification, transmission network development,
telecoms, automotive, construction, and others. The electrification segment
captured the highest market share of 28.21% in 2021. Microduct cables used for
electrification purposes are abrasion-resistant and are made up of
anti-corrosion material.
On the regional analysis,
North America dominated the global microduct cable market in 2021 and held
43.77% of the total market share. The presence of several market players such
as Dura-Line Corporation, Clearfield, Inc., and Corning Incorporated in the
region, and increased use of advanced technologies like artificial
intelligence, data centers, internet of things for various applications are the
primary factors driving the microduct cable market growth in the region.
Major market players
operating in the global microduct cable market are:
·
Corning
Incorporated
·
Prysmian
Group
·
Nexans
S.A.
·
Dura-Line
Corporation
·
Hexatronic
Group
·
Leoni
AG
·
Fujikura
Ltd.
·
Emtelle
UK Limited
·
Hyesung
Cable & Communication Inc.
·
Clearfield,
Inc.
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“Growing advancements in the
telecommunication industry and the surge in demand for seamless data
connectivity are driving the installation of 5G networks in developing and
developed countries. 5G technology can boost the mobile networks to be 100
times faster and 1,000 times larger than their existing versions. Growing
demand for 5G technology is increasing the need to lay new generation fiber
optic cables and high-speed connection technologies. Setting up a 5G network
requires more fiber which necessitates the state-of-the-art cable
infrastructure. Therefore, the rise in the popularity of 5G technology and the
need to ensure the safety of optic fiber
cables is expected to propel the global microduct cable market growth till 2027”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Microduct Cable Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented
By Installation Environment (Direct Buried, Duct/Direct Install, Aerial,
Indoor), By Type (Smoothwall, Corrugated, Ribbed), By Duct Type (Thick-Walled
Ducts, Tight Protected Ducts), By Diameter (Up to 5mm, 5-10mm, 10-15mm, Above
15mm), By Material (PVC, HDPE, Nylon, Others), By Application (Electrification,
Transmission Network Development, Telecoms, Automotive, Construction, Others), By
Region”, has evaluated the future growth
potential of global microduct cable market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global microduct cable market.
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