Key Market Overview:
Microduct market is estimated to reach over USD 4.46 Billion by 2030 from a value of USD 9.59 Billion in 2022, growing at a CAGR of 10.08% from 2022 to 2030.
Microducts are small-diameter conduits used to install and protect fiber optic cables. Microducts provide a convenient and efficient way to install fiber optic cables in existing conduit systems without the need for significant excavation or disruption to existing infrastructure. Therefore, microducts are ideal for use in urban areas where the cost of excavation and the disruption to existing infrastructure is quite high. In addition to their cost-effectiveness, microducts are lightweight and easy to handle making them easy to install in existing conduit systems.
The market for microducts is growing due to increasing demand for high-speed internet and data communication services. The increasing adoption of internet of things (IoT) devices and growing demand for 5G networks are expected to drive further growth in the market. Furthermore, microducts provide a cost-effective and efficient means of installing fiber optic cables making them an attractive solution for telecommunications companies and other organizations. For instance, in 2020, Prysmian group launched 864-fiber of Sirocco HD microduct cable. The new cable adjusts 864 fibers into 11.0 mm diameter that makes it possible to install more fibers into a congested duct space resulting in lower costs and lesser use of raw materials.
Microduct Market Report Coverage:
Report Attributes | Report Details |
Study Timeline | 2016-2030 |
Market Size in 2030 (USD Billion) | 4.46 Billion |
CAGR (2022-2030) | 10.08 % |
Base Year | 2021 |
By Material | PE, HDPE, PVC, and Others |
By Type | Direct Install, Direct Burial, and Flame Retardant |
By Application | FTTX Networks, Data Center Applications, Other Access Networks, Backbone Networks, and Others |
By Geography | Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru] |
Key Players | Emtelle Holdings Ltd, Primo Hexatronic Group AB, Prysmian Group, Datwyler Holding Inc., Egeplast International GmbH, Clearfield Inc., Spur A.S, GM Plast A/S, Belden Inc. |
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Market Dynamics:
Driver:
Fiber optic cables are being deployed to support the growing demand for high-speed internet and data communication services. Fiber optic cables are capable of transmitting data over longer distances at faster speeds thereby increasing the demand for microducts. Microducts have 10 times more speed in comparison to traditional network cables. Therefore, the demand for microducts is increasing for network support in data centers. Furthermore, integration of IoT for smart home and building solutions is driving demand for high-speed internet. As a result, the demand for microducts is driving the market growth.
Restraint:
High cost of installation is the major restraint for the microduct market. Installing microducts is a complex and time-consuming process, and the cost of installation is the major barrier for some organizations. Moreover, competition from alternative technologies such as wireless networks is another factor restraining the growth of the market. Wireless networks such as wireless local area networks (WLANS) provide similar services in comparison to fiber optic networks which makes people shift towards such attractive technologies thereby limiting the growth of the market.
Opportunities:
Technological advancements such as cloud computing in the micro duct market require high speed internet is expected to provide opportunities for market growth in the forecast period. Furthermore, materials such as graphene and other nanomaterials, also have potential for use in microducts due to their high strength, flexibility, and electrical conductivity. Therefore, new materials and manufacturing processes are expected to improve the performance of microducts thereby providing potential opportunities for the growth of the market.
Microduct Market Segmentation:
By Material
Based on the material, the market is segmented into polyethylene pipe (PE), high-density polyethylene (HDPE), polyvinyl chloride, and others. HDPE (High-Density Polyethylene) holds the leading share in the micro duct market owing to its cost-effectiveness and wide application range. HDPE microducts are lightweight and durable, making them a popular choice for outdoor installations. HDPE microducts are resistant to UV light and have the ability to withstand high temperatures. Polyvinyl chloride (PVC) is expected to be the fastest growing segment during the forecast period since it is cost-effective and offers good flexibility, making them ideal for indoor installations. PVC cables are also resistant to water, chemicals, corrosion and UV radiation, making it a suitable choice for use in adverse environments.
By Type
Based on the type, the market is segregated into direct install, direct burial, and flame retardant. Direct install microducts hold the largest market share in the year 2021, owing to their growing applications into the ground or onto aerial structures. The widespread use of fiber optic cable installations for telecommunication is driving the growth of this segment. Flame-retardant segment is anticipated to grow in the forecast period due to increasing regulations and safety concerns. Flame retardant microducts are designed for use in environments where fire is a concern, such as in commercial and industrial buildings. This is particularly important in public buildings and infrastructure, such as airports, train stations, and high-rise buildings, where the risk of fire is higher.
By Application
Based on the application, the market is segmented into FTTX networks, data center applications, backbone networks, and other access networks. The FTTX (Fiber-to-the-X) network holds the largest share in the market. FTTX networks provide high-speed internet access to end-users and use micro ducts to provide a cost-effective and efficient solution for fiber optic cable installations. The increasing demand for high-speed internet has contributed to its dominance in the market. Micro ducts are also used in data centers to provide a high-density and flexible solution for fiber optic cable installations. Furthermore, microducts are used in other access networks such as cellular networks and Wi-Fi networks to provide a more efficient solution for cable installations. Also, microducts are used in backbone networks, which are the main networks that connect different regions or cities to provide a high-capacity solution for fiber optic cable installations.
By Region
North America is a significant market due to the presence of global manufacturers such as Teel Plastics and prominent firms in the region. The widespread deployment of fiber optic networks to support high-speed internet and data communication services is driving the growth of the microduct market in North America. United States is headquartered to many of the worlds largest telecom and data communication companies, and these companies are investing heavily in fiber optic network deployment to support their operations and meet the growing demand for high-speed internet and data communication services.
Asia-Pacific is expected to be the fastest growing region in the forecast period. For instance, China and India are considered as a key market for the growth of microducts owing to the rising consumer demand from telecommunication, healthcare, industrial, and others. Furthermore, enormous growth in the subscriptions of broadband networks is expected to drive the regional market, witnessing a shift from conventional DSL or cable networks to 100% fiber cable connections.
Microduct Market Competitive Landscape:
The market is highly competitive, with players focusing on product innovation, cost reduction, and operational efficiency to gain a competitive advantage. In terms of market players, the data is related to business collaborations, mergers and acquisitions, and strategies adopted by competitors. Key Players in the market include-
• Emtelle Holdings Ltd
• Primo Hexatronic Group AB
• Prysmian Group
• Datwyler Holding Inc.
• Egeplast International GmbH
• Clearfield Inc.
• Spur A.S.
• GM Plast A/S
Belden Inc.
Recent Developments:
• In December 2021, Emtelle Holdings Ltd acquired a Dubai-based company, Afripipes. The acquisition was aimed to improve their product line of microducts.
• In January 2023, the Prysmian group launched 864-fiber of Sirocco HD microduct cable to provide better installation solutions.