Electrical Conduit Market by Type (Flexible, Rigid), Material (Metallic, Non-metallic), End-Use Industry - Global Forecast 2024-2030

Electrical Conduit Market by Type (Flexible, Rigid), Material (Metallic, Non-metallic), End-Use Industry - Global Forecast 2024-2030

The Electrical Conduit Market size was estimated at USD 9.17 billion in 2023 and expected to reach USD 9.70 billion in 2024, at a CAGR 5.85% to reach USD 13.66 billion by 2030.

An electrical conduit is a protective piping system used to house and protect electrical wires and cables commonly made of metal, such as steel or aluminum, or non-metallic materials, such as polyvinyl chloride (PVC). Electrical conduits are installed during the construction phase of buildings, both residential and commercial, as well as in industrial settings. The primary purpose of the electrical conduit is to provide a safe pathway for electrical wiring, protecting it from damage, moisture, and other environmental factors. By enclosing the wires, conduit helps prevent physical impact, exposure to corrosive substances, and potential electrical hazards. The rising demand for electrical conduits from the building & construction sector and the rapid extension of smart grid networks assist the adoption of electrical conduits. However, concern associated with the volatility of raw materials and difficulty in the installation process significantly impedes the utilization of electrical conduits. In addition, the expansion of electricity usage attributed to digitalization and emerging refurbishment and retrofit activities in grid infrastructure is expected to create robust opportunities for market development.

Regional Insights

The electrical conduits market in the Americas is rising, owing to the exponential integration of smart infrastructure technology and government initiatives to modernize energy infrastructure. The electrical conduit market in the EMEA region is rapidly evolving owing to the increasing construction activities and investments in new power generation structures. The regional players aim to provide more standardized and high-quality products to cater to multiple industries. Increasing R&D investments from major market participants to expand and enhance the product portfolio to incorporate a versatile technological platform is expected to expand the market growth. The Asia-Pacific region has observed a tremendous rise in the use of electrical conduits with the emerging development of smart cities and new government policies to elevate construction activities. Infrastructure development in China, Japan, India, and Australia has increased the demand for electrical conduits for marine works, buildings, traffic lighting, and other electrical works. The massive availability of essential raw materials and the majority presence of key market players for manufacturing electrical conduits have improved the availability of novel product portfolios in the Asian region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electrical Conduit Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electrical Conduit Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Electrical Conduit Market, highlighting leading vendors and their innovative profiles. These include ABB Limited, Aliaxis SA, Anamet Electrical, Inc., Aptiv PLC, Astral Limited, Atkore Inc., B.E.C. Conduits Pvt. Ltd., Bahra Electric, Cantex Inc., China Lesso Group Holdings Limited, Eaton Corporation PLC, Electri-Flex Company, ERA Co.,Ltd, Esco Switchgears, G And N Fortune Limited, Ganauria Industries LLP, Goodluck India Limited, Guangdong Ctube Industry Co., Ltd., Hubbell Incorporated, IPEX Inc., Kaiphone Technology Co., Ltd., Lapp Group, Legrand S.A., Maruti Enterprise, Nan Ya Plastics Corporation, National Pipe & Plastics, Inc. by CRH PLC, Nucor Tubular Products Inc., Orbia Advance Corporation, S.A.B. de C.V., Polycab India Limited, Precision Plastic Industries Pvt. Ltd., Prime Conduit, Inc. by Mitsubishi Corporation, Prysmian S.p.A, Schneider Electric SE, Sekisui Chemical Co., Ltd., Sonepar Group, Southwire Company, LLC, United Power, Wienerberger AG, WISKA Hoppmann GmbH, and Zekelman Industries.

Market Segmentation & Coverage

This research report categorizes the Electrical Conduit Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Flexible

Rigid
Material
Metallic
Aluminum
Stainless steel

Non-metallic
HDPE
PP
PVC
End-Use Industry
Building & Construction
Commercial
Residential

Energy & Utility

Healthcare

Industrial Manufacturing

IT & Telecommunication

Marine

Oil & Gas
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas

Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Electrical Conduit Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electrical Conduit Market?
3. What are the technology trends and regulatory frameworks in the Electrical Conduit Market?
4. What is the market share of the leading vendors in the Electrical Conduit Market?
5. Which modes and strategic moves are suitable for entering the Electrical Conduit Market?PDF E-mail From Publisher (2-5)Users License Show more