Microduct Market Expected to Grow at a CAGR of 11.30% to Reach USD 13.63 billion by 2032 | SNS Insider
The growth of the microduct market is driven by the increasing demand for scalable fiber optic infrastructure and the expansion of 5G, IoT, and cloud services.
AUSTIN, TX, UNITED STATES, January 30, 2025 /EINPresswire.com/ -- Market Size & Industry InsightsAccording to the SNS Insider Report,“The Microduct Market was valued at USD 5.21 billion in 2023 and is expected to grow to USD 13.63 billion by 2032, at a CAGR of 11.30% over the forecast period of 2024-2032.”
Microduct Market Surge Driven by Growing Demand for Scalable Fiber Optic Infrastructure and Advanced Connectivity
Rapid growth in the microduct market is being driven by the demand for easy and scalable fiber optic infrastructure. With the world heading toward faster internet streams and more reliable means of communication, the demand for advanced networking solutions has increased. Due to the space-efficient and economical construction of microducts for optical fiber housing, they are increasingly applied for broadband network deployment. Microduct systems offer a flexible and easily expandable network infrastructure for an increasingly higher amount of data transmission as 5G technology, cloud services, as well as “Internet of Things” (IoT) devices continue to grow and expand.
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SWOT Analysis of Key Players as follows:
- Emtelle Holdings Ltd
- Primo
- Hexatronic Group AB
- Prysmian Group
- Datwyler Holding Inc.
- Egeplast International GmbH
- Clearfield Inc.
- Spur AS
- GM Plast A/S
- Belden Inc.
- Rehau Group
- Dura-Line
- KNET
- Opterna
- Fibrain
- Exel Composites
- Blue Diamond Industries
- Draka Communications
- Acome
- Polieco Group
Smart Cities and Industrial Automation Fuel Microduct Market Growth with Sustainable Connectivity Solutions
The growing trend of smart cities and industrial automation is propelling the microducts market. They allow for ease of installation, maintenance, and upgrade of fiber optic cables, resulting in less time and money spent compared to traditional cabling systems. This flexibility of meeting future upgrades with minimal disruption is another factor contributing to its growing adoption. Market demand from the telecommunications, data center, and utility sectors is expected to continually increase and boost market growth. Microducts are proving to be an indispensable solution in the worldwide drive towards improved connectivity and digital transformation with sustainable solutions and shorter realization timelines.
Flame Retardants and FTTX Drive Microduct Market Growth with Direct Installation and Data Centers Leading Expansion
By Type: Flame retardants held the highest market share in 2023 due to their necessity in improving safety in multiple industries, such as construction, automotive, and electrical industries. Flame retardant materials are important in mitigating the risk of fire hazards, satisfying fire regulation standards, and protecting valuable assets
The direct Installation segment will be the fastest growing CAGR from 2024 to 2032 owing to providing higher efficiency, lower labor costs, and faster project completion. Direct installation methods are increasingly popular because they provide fast and low-maintenance solutions for infrastructure development.
By Application: The FTTX (Fiber to the X) segment dominated the market share in 2023, owing to the rising need for quick Internet and economical broadband connectivity. To ensure the cost-effective fiber optic deployment required by FTTX networks, the infrastructure should be reliable, scalable, and simple to manage, therefore, microducts are the preferred solution.
The data centers segment is projected to be the fastest-growing network security segment during the forecast period, as global data consumption continues to rise exponentially, along with big data and cloud computing applications. Data centers demand strong, high-capacity networks, which makes microducts a perfect fit for future-proofing infrastructure with streamlined, scalable installations.
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KEY MARKET SEGMENTS:
By Type
Direct Install
Direct Burial
Flame Retardant
By Application
FTTX Networks
Access Networks
Backbone Networks
Data Center
Others
Asia Pacific Leads Global Microduct Market Growth with North America Set for Fastest Expansion
Asia Pacific region led the global microduct market in 2023, owing to the fast-growing telecommunication infrastructure and the increasing demand for high-speed internet across countries such as China, India, and Japan. The large population, rapid urbanization, and government strategies to enhance connectivity have propelled the adoption of advanced networking solutions in the region, including the deployment of fiber optic networks. Furthermore, smart cities and digital transformation across industries increased the need for microducts as a cost-effective and scalable infrastructure solution.
North America is expected to grow at the highest growth rate during the forecast period (2024-2032), as the region has been continuously investing heavily to upgrade communication networks to meet the needs for 5G, IoT, and cloud technologies. As a result of a need for data-center infrastructure and fast networks, the demand for products will rise. In addition, government policies aimed at adhering to broadband development in rural and underprivileged areas will keep the demand up for fast, easy-to-install fiber optic solutions.
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Recent Developments:
-In March 2024, HFCL announced the establishment of a new Optical Fiber Cable plant in Poland to cater to the growing demand for microducts and fiber optic solutions in Europe.
-In October 2024, Trans Mountain signed a 10-year monitoring agreement with Hifi Engineering to deploy a fiber optic network with microducts for enhanced leak detection.
TABLE OF CONTENT - Key Points
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Research Methodology
Chapter 4. Market Dynamics Impact Analysis
Chapter 5. Statistical Insights and Trends Reporting
Chapter 6. Competitive Landscape
Chapter 7. Microduct Market Segmentation, by Type
Chapter 8. Microduct Market Segmentation, by Application
Chapter 9. Microduct Market Segmentation, by fiber type
Chapter 10. Regional Analysis
Chapter 11. Company Profiles
Chapter 12. Use Cases and Best Practices
Chapter 13. Conclusion
Continued…
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SNS Insider
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