Global PVC Electrical Conduit Pipe Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global PVC Electrical Conduit Pipe Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Electrical conduit is a tube used to protect and route electrical wires in a building or structure. Electrical plastic conduits are made of various plastics such as PVC, PE, PP, etc. PVC electrical conduit pipe has the advantages of strong corrosion resistance, easy bonding, low price, and hard texture. It is generally used in residential, commercial, industrial and other fields. This report studies the global PVC electrical conduit pipe market.

Market Overview:

The latest research study on the global PVC Electrical Conduit Pipe market finds that the global PVC Electrical Conduit Pipe market reached a value of USD 9870.14 million in 2023. It’s expected that the market will achieve USD 11494.96 million by 2029, exhibiting a CAGR of 2.57% during the forecast period.

Atkore Inc. Announces Acquisition of Cascade Poly Pipe & Conduit and Northwest Polymers

August 31, 2022
HARVEY, Ill. - (BUSINESS WIRE) - Atkore Inc. (“Atkore”), today announced the acquisitions of two separate but related Oregon-based companies doing business as Cascade Poly Pipe & Conduit (“Cascade”) and Northwest Polymers. Cascade is a manufacturer specializing in smooth wall HDPE conduit made from recycled materials, primarily serving the telecommunications, utility and datacom markets; and Northwest Polymers is a leading recycler of PVC, HDPE and other plastics and a strategic supply partner to Cascade and other manufacturers in the region.

Oldcastle Infrastructure acquires National Pipe & Plastics

Oct. 2, 2021
Oldcastle Infrastructure, a CRH Company, announced today that it has acquired National Pipe & Plastics Inc. (National).

National provides PVC pipe-based solutions serving the potable water, wastewater, electrical conduit and drainage markets from two East Coast locations. The company is headquartered in Endicott, New York, with manufacturing locations in Endicott and Greensboro, North Carolina. National has served the PVC pipe market for over 50 years, establishing a strong reputation based on customer service and product quality.

National serves the same markets and end customers as Oldcastle Infrastructure, with PVC pipe frequently being installed next to our products on the same jobsites by the same contractors, said Jason Jackson, president of Oldcastle Infrastructure.

The addition of PVC pipe further enables Oldcastle Infrastructure to provide more integrated services for critical utility infrastructure. Demand for PVC pipe continues to grow, supported by long-term macro trends and increasing market adoption. PVC pipe also has strong sustainability benefits including a long service life and recyclability potential.

Driver

Accelerating global urbanization and growth of electricity markets
Construction is an industry that revolves around the design, construction, decoration, and management of buildings. With the rapid development of cities across countries, more requirements have been placed on construction. The primary use of electrical plastic conduit is as a housing for wires or cables in electrical systems. PVC electrical conduit is commonly used in underground and wet location applications where cable protection is required. According to the World Bank, about 55% of the world’s population (4.2 billion people) live in cities. This trend is expected to continue. By 2050, seven out of 10 people in the world will live in cities, as the urban population will be more than double the current population. As urbanization accelerates, the number of buildings is also increasing. In addition, with the continuous development and improvement of infrastructure facilities, the global demand for power and grid infrastructure renovation continues to grow. Rural electrification, modernization, connectivity upgrades, and development of underground power infrastructure also contribute to the market growth. The acceleration of urbanization and the growth of the electricity market have become the driving factors for the growth of the PVC electrical conduit market.

Limitation

Fluctuations in raw material prices have a greater impact on the company's profitability
The cost of raw materials accounts for a large proportion of the production cost of PVC electrical conduit pipe company products. There is a linkage relationship between PVC, the main raw material used in the production of PVC electrical conduit pipe, and international crude oil prices. Therefore, fluctuations in raw material purchase prices have a greater impact on the company's production and operations.

Although various measures such as improving process formulas to develop new products, adjusting product structure, maintaining and developing procurement channels, adjusting procurement strategies, and continuously increasing sensitivity to raw material prices can cope with the impact of raw material price fluctuations on PVC electrical conduit pipe companies, However, the energy crisis caused by the outbreak of the Russia-Ukraine war will still have a certain impact on the company's production and operations. The increase in raw material prices has led to an increase in the company's production costs. Although the PVC electrical conduit pipe company can adjust product sales prices promptly according to raw material price fluctuations, these adjustments have a certain lag relative to the changes in raw material prices, so they cannot completely offset the raw materials in the short term. Raw materials purchased at high prices will make the PVC electrical conduit pipe company's production costs relatively high, thereby reducing the company's profitability. If the high-priced raw materials are not digested in time, it will have a certain impact on the production and operation of the PVC electrical conduit pipe company and have a restrictive effect on the company's development.

Region Overview:

In 2022, the share of the PVC Electrical Conduit Pipe market in North America stood at 33.47%.

Company Overview:

Atkore, Aliaxis Group, China Lesso Group were the top 3 players in the PVC Electrical Conduit Pipe market in 2023, taking up a market share of 25.74% together.

Atkore is a leading manufacturer and distributor of electrical, mechanical, and safety infrastructure solutions. With approximately 4,000 employees and 74 manufacturing and distribution facilities worldwide, manufactures electrical conduit, cable management systems, armored cable, metal framing, and security products and solutions.

Segmentation Overview:

The PVC Electrical Conduit Pipe market consists of two types: Rigid Conduit Pipes and Flexible Conduit Pipe. Rigid Conduit Pipes are made of a strong material and provide durable protection for electrical wiring. They are commonly used in industrial settings where protection against damage is crucial. On the other hand, Flexible Conduit Pipes are made of a more pliable material and are designed for applications where the wiring needs to be bent or routed through tight spaces. This type is often used in residential and commercial buildings.

By type, Rigid Conduit Pipes segment accounted for the largest share of market in 2022.

Application Overview:

The PVC Electrical Conduit Pipe market consists of two types: Rigid Conduit Pipes and Flexible Conduit Pipe. Rigid Conduit Pipes are made of a strong material and provide durable protection for electrical wiring. They are commonly used in industrial settings where protection against damage is crucial. On the other hand, Flexible Conduit Pipes are made of a more pliable material and are designed for applications where the wiring needs to be bent or routed through tight spaces. This type is often used in residential and commercial buildings.

The market's largest segment by application is the segment Residential, with a market share of 43.80% in 2022.

Key Companies in the global PVC Electrical Conduit Pipe market covered in Chapter 3:

Orbia
ABB
Nan Ya Plastics
China Lesso Group
National Pipe and Plastics
Aliaxis Group
JM Eagle
VASEN
Astral Pipes
Plasto
Cantex
Premier Conduit
Ledes
Sekisui Chemical Co., Ltd.
Wienerberger
Guangdong Ctube Industry Co., Ltd.
Legrand
Atkore

In Chapter 4 and Chapter 14.2, on the basis of types, the PVC Electrical Conduit Pipe market from 2019 to 2030 is primarily split into:

Rigid Conduit Pipes
Flexible Conduit Pipe

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the PVC Electrical Conduit Pipe market from 2019 to 2030 covers:

Residential
Commercial
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)