Innerduct Market To Reach $1.74 Billion By 2030 | CAGR: 9.2%

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.

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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.

Innerduct Market Segmentation

Grand View Research has segmented the global Innerduct market based on material, type, application, and region:

Innerduct Material Outlook (Revenue, USD Million, 2017 - 2030)

• High-density Polyethylene (HDPE)

• Polyvinyl Chloride (PVC)

• Polyethylene Terephthalate (PET)

• Others

Innerduct Type Outlook (Revenue, USD Million, 2017 - 2030)

• Corrugated Innerduct

• Smooth Innerduct

• Microduct

Innerduct Application Outlook (Revenue, USD Million, 2017 - 2030)

• Telecom

• Power Utilities

• Oil & Gas

• Transportation

• Others

Innerduct Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

  • Kingdom of Saudi Arabia

  • UAE

  • South Africa

List of Key Players in the Innerduct Market

• Corning Incorporated

• Dura-line

• Endot Industries, LLC

• Equinix, Inc.

• InnerDuct.com

• MaxCell Innerduct

• National Conduit Supply Inc.

• National Pipe and Plastics, Inc

• Premier Conduit

• WL Plastics