Global Electrical Conduit Market Forecast 2024: Market Size and Growth Insights

 

 

 

The electrical conduit global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Electrical Conduit  Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The electrical conduit market size has grown strongly in recent years. It will grow from $6.83 billion in 2023 to $7.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%.  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 $9.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.  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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Scope Of Electrical Conduit  Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Electrical Conduit  Market Overview

Market Drivers –
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. According to the new IEA (International Energy Agency) report in 2021, there is an expected rise of 5% in electricity demand. In another instance, according to Canada’s Upstream Oil & Natural Gas Industry, with the global population expected to increase by about two billion over the next two decades, it is estimated that by 2040, electricity generation is expected to increase by 49%. Therefore, the rise in demand for electric power generation is expected to drive the growth 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

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Regional Insights –
Asia-Pacific was the largest region in the electrical conduit market in 2023. 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.

Key Companies –
Major companies operating in the electrical conduit market include  ABB Ltd., Ali Axis Group, 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, OPW Corporation, Robroy Industries Inc., Schneider Electric SE, Sekisui Chemical Co., Thomas and Betts Corporation, Wienerberger AG, Zekelman Industries Inc., AFC Cable Systems, AKG Group GmbH, 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., Calpipe Industries Inc., Conduit Pipe Products Company, Eaton Corporation, Flex-It Co. Inc., Graybar Electric Company Inc., HellermannTyton Ltd., IPEX USA LLC, Kaf-Tech Inc., National Pipe & Plastics Inc., Ocal Ltd.

Table of Contents
1. Executive Summary
2. Electrical Conduit  Market Report Structure
3. Electrical Conduit  Market Trends And Strategies
4. Electrical Conduit  Market – Macro Economic Scenario
5. Electrical Conduit  Market Size And Growth
…..
27. Electrical Conduit  Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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