PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1209897
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1209897
According to Stratistics MRC, the Global Microducts Market is accounted for $4.57 billion in 2022 and is expected to reach $9.43 billion by 2028 growing at a CAGR of 12.8% during the forecast period. A micro duct is a cable management device used in commercial buildings to connect network cables. It is made up of tiny tubes with diameters ranging from 25mm to 100mm. These tubes are composed of steel or plastic and have smooth internal surfaces for cable installation and maintenance. Micro ducts are employed in all types of structures, including commercial, industrial, and residential. They are less expensive than the standard network wiring technique, which guides optical fibre cables on walls using surface raceways or wall-mounted fixtures. Micro ducting, also known as a micro duct routing system (MDRS), is a network of small diameter tubes used for installing, managing, and protecting telecom and data cabling equipment within building structures.
According to EURACTIV France Reports, in July 2021, the French government planned to spend approximately USD 1.92 billion for connecting 5G technology, which provides the strongest opportunity for the market for a long term.
Expansion of microduct cables to connect data centres
Increased data centre installation internationally raises demand for microduct for the data centre industry, boosting market growth. Data is transported within data centres located in buildings utilising optical interconnect in inter data centre sources. These communication channels are used to send information between two data centres or campuses. High transmission speed is necessary due to the thousands of kilometres (km) that can separate two data centres. As a result, significant data transmission capacity from data centres is required to transport huge amounts of data. As a result, increased demand for these ducts for data centre sectors drives global market growth.
Volatility in raw material prices
Manufacturers rely on materials such as High Density Poly Ethylene (HDPE), polyethylene, Medium Density Poly Ethylene (MDPE), Low Density Poly Ethylene (LDPE), Low Smoke Zero Halogen (LSZH), rubber, and plastic-based components. Raw material prices, such as rubber and polyethylene, are extremely variable. The fluctuation of raw material costs can affect the sales of these items, which therefore affects the sales of microproduct makers and profit margins, limiting market expansion.
Technological advancements in cloud computing
Enterprises employ cloud computing to remotely operate web servers and handle crucial data. Some of the factors fuelling the expansion of these developing technologies include an increase in the volume of data generated in mobile apps and website apps, a greater emphasis on adopting customer-centric applications, and increased operational expenditure. Machine Learning (ML), Artificial Intelligence (AI), and Big Data are widely used in microproducts, resulting in the global expansion of cloud computing technology. The benefits of cloud computing, such as data security, regulatory standards, and faster disaster recovery (FDR), are driving reasons for cloud computing services.
Lack of skilled workforce
The numerous types of servicing and installation equipment used can increase hardware damage, resulting in higher maintenance expenditures. To deploy these cables, a professional crew is necessary, which raises the cost for businesses and has an influence on market growth. Lack of wide experience for the installation and maintenance, specialty equipment and tools needed for installation and maintenance these factors are limitations of the microducts market.
The COVID-19 outbreak has caused enormous economic and social turmoil. The pandemic has had an impact on the supply chain and value chain of many firms. The microduct market is no exception. The impact of the COVID-19 pandemic will be assessed from the perspective of the entire industry, encompassing both the demand and supply sides. The pandemic's consequences would be researched and examined for both short- and long-term situations. This would aid in the development of business plans for both the pandemic and the post-pandemic era for all industry stakeholders, including suppliers, manufacturers, vendors, distributors, and end-users.
The flame retardant segment is expected to be the largest during the forecast period
The flame retardant segment is estimated to have a lucrative growth, due to its demand across the FTTx network and data centre application as well as its capacities to operate in different surrounding temperatures and high level of reliability due to its clear flame retardant characteristics. Furthermore, manufacturers are interested in producing flame retardant microduct cables since they are more environmentally friendly in terms of production and the emission of acid gas during the manufacturing process. The capacity to have simpler and more convenient installation, operation, and overall process of usage is also adding to the segment's good performance in the global market.
The FTTx networks segment is expected to have the highest CAGR during the forecast period
The FTTx networks segment is anticipated to witness the fastest CAGR growth during the forecast period, due to an increase in residential users of fibre optic-based broadband data networks. Furthermore, the consistent effort of private investors and governmental authorities to raise the penetration rate of optic cable-based internet connection penetration to have a reliable, convenient, and cost efficient network source across varied geographies is the primary contributor to the FTTX networks segment's good performance.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the increased demand for high-speed internet services and the adoption of fixed broadband services across all industries in Asian countries. Robust growth in broadband network subscribers is likely to continue in the future years, with a shift from traditional DSL-based or cable-connections to 100% fibre optic cable connections, leading in increased demand for microducts.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the region's concentration of significant enterprises and worldwide manufacturers. Furthermore, these corporations' implicit efforts in technical breakthroughs through strategic alliances, collaborations, acquisitions, significant investments in research and development activities, and joint ventures are critical drivers raising North America's development potential.
Key players in the market
Some of the key players profiled in the Microducts Market include Spur A.S., GM Plast A/S, Primo, Clearfield Inc, Egeplast International GmbH, Datwyler Holding Inc., Belden Inc, Hexatronic Group AB, Prysmian Group, Emtelle Holdings Ltd, Afripipes, Shanghai Hawei, Hebeish Group, Nestor Cables, Mexichem, Brand-Rex and Fibrain Group
In July 2022, Clearfield Inc acquired Nestor Cables Ltd, based in Finland, deals in fiber optic cables, microducts, and cables. The acquisition was done for approximately USD 23 million. Also, acquisition will help to improve the product portfolio and improve the geographical presence.
In February 2022, Egeplast International GmbH opened a new manufacturing facility in Greven, Germany. The business expansion aimed to doubling the production capacity of microduct and related products. The manufacturing facility was done at 11,000 sq. meter. The manufacturing facility will be completed by 2023.
In December 2021, Emtelle Holdings Ltd acquired Afripipes, based in Dubai, that deals in microduct, plastic pipes, and ducts. The acquisition aimed to improve the footprints of microduct products.
In December 2021, Prysmian Group launched a new Sirocco Series microduct cables for the telecommunication, and energy sectors. This cable has the latest 576f cables, has a diameter of 8.2 mm, providing fire density of 10.9 fibers per mm2. It is ideally suitable for FTTX, FTTP, and FTTH connectivity networks.
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