The Business Research Company’s report on the Electrical Conduit Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the electrical conduit industry?
The rise in demand for electricity or power generation is expected to drive the electrical conduit market. The rise in demand for electricity generation is caused by the rapid pace of industrialization and urbanization, which creates the need for electrical conduits. For instance, in July 2024, according to the International Energy Agency, a France-based intergovernmental organisation, global electricity demand is forecast to grow by around 4% in 2024, up from 2.5% in 2023. Therefore, the rise in demand for electric power generation is expected to drive the growth of the electrical conduit market.
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What is the estimated market size of the electrical conduit sector by 2029, based on current forecasts?
The electrical conduit market size has grown strongly in recent years. It will grow from $7.25 billion in 2024 to $7.77 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increased building and construction activity, electrical wiring and cable installations, industrial and commercial development, increased demand for safety and protection of electrical wiring, and rapid urbanization and infrastructure development.
The electrical conduit market size is expected to see strong growth in the next few years. It will grow to $10.28 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to infrastructure upgrades and maintenance, expansion of renewable energy projects, increased demand for fiber optic conduits, smart grid and electrical infrastructure modernization, global market expansion and emerging market growth, and data center and it infrastructure expansion. Major trends in the forecast period include smart building integration, sustainability and eco-friendly conduits, technological advancements in conduit materials, advanced conduit material innovations, and introduction of flexible and rigid conduit solutions.
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#Who are the top players in the electrical conduit market?
Major companies operating in the electrical conduit market include ABB Ltd., Atkore International Group Inc., Cantex Inc., Champion Fiberglass Inc., China Lesso Group Holdings Ltd., Dura-Line Corporation, HellermannTyton Group PLC., Hubbell Incorporated, Legrand, Alary & Joquel Company., Nan Ya Plastics Corporation, Robroy Industries Inc., Schneider Electric SE, Sekisui Chemical Co., Thomas and Betts Corporation, Zekelman Industries Inc., AFC Cable Systems, Anamet Electrical Inc., Astral Poly Technik Ltd., Calpipe Industries Incorporated, D.P. Jindal Group, Eaton Corporation PLC., Electri-Flex Company, igus inc., International Metal Hose Company, JM Eagle Inc., Flex-It Co. Inc., Graybar Electric Company Inc., HellermannTyton Ltd., IPEX USA LLC, Kaf-Tech Inc., National Pipe & Plastics Inc., Ocal Ltd.
#What are the major trends in the electrical conduit market?
Major companies operating in the electrical conduit market are focusing on developing innovative solutions, such as premium conduit systems to enhance durability, improve safety standards, and meet the increasing demand for efficient electrical infrastructure in both commercial and residential applications. Premium conduit systems refer to high-quality electrical conduits designed with advanced materials and features that offer enhanced durability, superior protection for electrical wiring, and improved resistance to environmental factors. For instance, in July 2022, Termination Technology Limited, a UK-based manufacturer of cable accessories for the electrical wholesaler sector, launched the Premflex range, a premium selection of conduits and glands designed for high-performance in various environments. This new product line includes options made from Bare Galv, PVC Coated Galv, and LSZH Coated Galv, available in sizes from M16 to M50. The Premflex range aims to meet the needs of contractors seeking durable and easy-to-install products, featuring both fixed and swivel gland options.
Which geography holds the highest electrical conduit market share?
Asia-Pacific was the largest region in the electrical conduit market in 2024. Asia-Pacific is expected to be the fastest growing market in the electric conduit market during the forecast period. The regions covered in the electrical conduit market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How do different segments contribute to the overall expansion of the electrical conduit market?
The electrical conduit market covered in this report is segmented –
1) By Type: Rigid, Flexible
2) By Material: Metallic, Non Metallic
3) By End Use Industry: Building And Construction, Industrial Manufacturing, IT And Telecom, Oil And gas, Energy And Utility, Other End-Users
Subsegments:
1) By Rigid: Rigid Metal Conduit (RMC), Intermediate Metal Conduit (IMC), Rigid PVC Conduit, Galvanized Steel Conduit
2) By Flexible: Flexible Metal Conduit (FMC), Liquid-Tight Flexible Metal Conduit (LFMC), Flexible Non-Metallic Conduit (FNMC), Liquid-Tight Flexible Non-Metallic Conduit (LFNC)
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How is the electrical conduit market defined?
The electrical conduit refers to tubes in which electrical wires are housed for a variety of building or structural applications. It protects and routes electrical wiring in a building or structure. The use of an electrical conduit protects wires from damage from the outside environment for a long time and gives them a proper passage.
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