Product Code: GVR-4-68040-260-1
Innerduct Market Growth & Trends:
The global innerduct market size is expected to reach USD 1.74 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 9.2% from 2024 to 2030. The increasing deployment of fiber optic cables for broadband internet, 5G networks, and other high-speed communication services is a major contributor to the market growth. The significant growth of smart cities across the globe is also anticipated to propel market growth in the coming years.
The continued expansion of Fiber-To-The-Home (FTTH) networks is particularly driving the emphasis on rolling out underground cable infrastructure to provide ultra-fast broadband directly to residences. This cable infrastructure heavily relies on innerducts for the safety and security of the cables. Apart from individual projects, the strong focus on rolling out smart cities and Internet of Things (IoT) networks connecting traffic lights, wearables, and other IoT-enabled components, is also driving the rollout of cable infrastructure, which bodes well for the growth of the innerduct industry. For instance, the U.S. Infrastructure Investment and Jobs Act, passed in November 2021, allocates USD 65 billion for broadband expansion. Such initiatives are expected to boost the demand for innerducts.
The myriad of construction projects undertaken to cater to the continued urbanization in several parts of the world are anticipated to contribute to this market's growth. As urban areas become more densely populated, the demand for underground infrastructure to support essential services, such as power transmission and telecommunications connectivity, is also gaining traction. Innerducts play a crucial role in providing secure, efficient means to protect and route cables and wires underground. The construction of new buildings and infrastructure is particularly driving the demand for innerducts. These projects often involve extensive cable installations, and innerducts can safeguard these cables from potential damage during construction and throughout their operational lifespan.
Other factors contributing to the market growth include the escalating adoption of fiber optic cables, which require enhanced cable management solutions and specialized protection. Innerducts can serve both purposes. For instance, in January 2024, Verizon announced investments worth USD 3 billion in its fiber optic network. Innerducts are poised to play a crucial role in ensuring the protection of the cables laid underground as part of such projects.
Innerduct Market Report Highlights:
- Based on material, the High-Density Polyethylene (HDPE) segment accounted for the highest revenue share of 52.51% in 2023. High-density polyethylene is commonly utilized for manufacturing storage films. HDPE is also used in the production of innerduct, which is a conduit or duct meant to protect and route fiber optic cables and other types of telecommunication cables.
- Based on type, the microduct segment is expected to grow at a significant CAGR of 8.7% from 2024 to 2030. Microducts are useful for future network expansion due to their high fiber capacity and versatility. Microducts provide a flexible option as data needs are expanding, allowing for the easy addition of extra fibers without requiring substantial infrastructure upgrades.
- Based on application, the telecom segment is estimated to account for the leading revenue share of 36.96% in 2023. The increased demand for broadband services and high-speed internet has aided in the widespread deployment of fiber optic networks. Innerducts play an important role in this developing network landscape by providing critical protection and organizing for the intricate network of fiber optic connections.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Innerduct market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Innerduct market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and Social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Innerduct market: Material Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Innerduct market: Material Movement Analysis, 2022 & 2030 (USD Million)
- 4.3. High-Density Polyethylene (HDPE)
- 4.3.1. High-Density Polyethylene (HDPE) Innerduct Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Polyvinyl Chloride (PVC)
- 4.4.1. Polyvinyl Chloride (PVC) Innerduct Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.5. Polyethylene Terephthalate (PET)
- 4.5.1. Polyethylene Terephthalate (PET) Innerduct Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.6. Others
- 4.6.1. Others Innerduct Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Innerduct market: Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Innerduct market: Type Movement Analysis, 2022 & 2030 (USD Million)
- 5.3. Corrugated Innerduct
- 5.3.1. Corrugated Innerduct market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Smooth Innerduct
- 5.4.1. Smooth Innerduct market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5. Microduct
- 5.5.1. Microduct market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Innerduct market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Innerduct market: Type Movement Analysis, 2022 & 2030 (USD Million)
- 6.3. Corrugated Innerduct
- 6.3.1. Corrugated Innerduct market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Smooth Innerduct
- 6.4.1. Smooth Innerduct market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. Microduct
- 6.5.1. Microduct market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Innerduct market: Regional Estimates & Trend Analysis
- 7.1. Innerduct market Share, By Region, 2022 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. UK Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Mexico Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. South Africa Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Saudi Arabia Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. UAE Innerduct market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Heat Map Analysis
- 8.7. Strategy Mapping
- 8.8. Company Profiles/Listing
- 8.8.1. Corning Incorporated
- 8.8.2. Dura-Line
- 8.8.3. Endot Industries, LLC
- 8.8.4. Equinix, Inc.
- 8.8.5. InnerDuct.com
- 8.8.6. MaxCell Innerduct
- 8.8.7. National Conduit Supply Inc.
- 8.8.8. National Pipe and Plastics, Inc
- 8.8.9. Premier Conduit
- 8.8.10. WL Plastics