With the emergence and long-term Impact of COVID-19, Global Microduct Market to reach USD 10.22 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Microduct Market points towards a potential rise to USD 10.22 Billion by 2030. Microduct is a small-diameter conduit or duct that is used for the installation and protection of micro cables or microfiber optic cables. It is designed to offer a compact and efficient solution for deploying fiber optic networks in various applications. Microducts are employed as a protective covering or cover for objects like fiber optic cables and tubes for micro cables. This aid in the fusion and formation of a sizable and organized data network, providing the infrastructure for the deployment of further fiber networks.
The adoption of optic cable infrastructure for FTTX networks and data center applications is constantly rising, which is substantially boosting the application of the microduct globally. The market growth is primarily driven by the factors such as increased installation of data centers, upgradation of telecommunication technology, surging demand for high-speed data transmission, and rising governments support to promote the development of high-speed broadband infrastructure.
Geographically, the global Microduct market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022 owing to the increasing adoption of fixed broadband services across all sectors, growing demand for high-speed internet services, and a rise in IT service groups in the emerging market of India. Whereas, North America is expected to grow at a significant CAGR over the forecasting years. The increasing demand for high-speed data transmission, along with the strong presence of prominent firms and global manufacturers in the region are significantly propelling the market demand across the region.
The global Microduct market is highly competitive owing to the presence of several key players such as Emtelle Holdings Ltd (Scotland) Primo (Denmark) Hexatronic Group AB (Sweden) Prysmian Group (Italy) Datwyler Holding Inc. (Switzerland) Egeplast International GmbH (Germany) Clearfield Inc (U.S.) Spur A.S. (Czechia) GM Plast A/S (Denmark) Belden Inc (U.S.), and others.
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Key findings of the study suggest:
- Global Microduct Market is anticipated to grow with a healthy growth rate of more than 10.8% over the forecast period 2023-2030.
- In the Type segment, Direct Install emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to the increasing adoption of fixed broadband services across all sectors, growing demand for high-speed internet services, and a rise in IT service groups in the emerging market of India.
- North America is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Type:
- Direct Install
- Direct Burial
- Flame Retardant
By Application:
- FTTX Networks
- Other Access Networks
- Backbone Networks
- Data Center Application
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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