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Report Scope & Overview:

Electrical Conduit Market Size was valued at USD 7.3 billion in 2022, and is expected to reach USD 12.68 billion by 2030, and grow at a CAGR of 7.0% over the forecast period 2023-2030.

A conduit is a pipe or opening through which fluids or electrical wires can move. The materials that flow through these channels are protected and guided by these pipes. Plastic conduits are used in many different industries, including construction, manufacturing, telecommunications, agriculture, and many more. Plastic conduits can now pass chemicals and other fluids that would corrode other materials used to make conduits. This is because the way plastic conduits are made has changed in recent years. Electrical conduit is a tube-shaped device that keeps the wiring in a building or structure safe and straight. Electrical conduits are being used more and more to protect against fire, electrical supply problems, and other operational risks. Conduits are very resistant to corrosion, can't get wet, don't help fires start, and can't catch on fire. They are made of metals, plastics, fibres, or clays that have been fired. Most conduits are rigid, but flexible conduits are sometimes used.

Electrical Conduit Market Revenue Analysis

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Market Dynamics:

Drivers:

  • Because of how useful they are, there is a high demand for electrical conduit

  • When using electrical conduits, there is less chance of getting a shock or a fire

Restraints:

  • Changes in the prices of raw materials

Opportunity:

  • More people need electrical conduit to make electricity or power

  • Population growth and fast urbanisation lead to a lot of building projects

Challenge:

  • It will be hard to find flaws and manage/add more connections in the future

  • The pace of technological change in developing regions is slow

Impact of COVID-19:

The COVID-19 pandemic had a big effect on the electrical conduit market in 2020, causing its CAGR to drop by a large amount. Even though the economy is likely to get better because of the construction industry. Even though the activity might go on, delays and stops are likely due to problems in the supply chain and a lack of workers and materials. In 2020, safety and government orders at the federal, state, and local levels had a big impact on manufacturers and suppliers of electrical conduit. Every business in the world has been hurt by the COVID-19 pandemic. The US federal government's advice on how to stop the virus from spreading, as well as Shelter-in-Place Orders issued at the state and local levels, have forced businesses to change or modify how they do business on a daily basis. In 2020, electrical conduit makers were hurt by laws that required businesses to close, social norms that encouraged people to stay away from each other, and fewer local and state government office activities. But the pandemic made it harder for people to buy electrical conduit, mostly because the construction industry was less interested in buying them.

Market Segment:

By Type

  • Rigid

  • Flexible

By Material

  • Metallic

    • Stainless steel

    • Aluminum

  • Non-metallic

    • PVC

    • HDPE

    • PP

    • Others

By End-Use Industry

  • Building & Construction

    • Residential

    • Commercial

  • Industrial Manufacturing

  • IT & Telecommunication

  • Oil & Gas

  • Energy & Utility

  • Others 

  • Healthcare

  • Marine

Electrical Conduit Market Segmentation Analysis

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Regional Analysis:

By 2024, the U.S. market for electrical conduit is expected to be worth more than $1 billion. More attention will be paid to replacing old electrical equipment with better, higher-quality systems, which will also drive up demand for the product. In 2018, the U.S. government has made plans to spend $11 billion on building new electric networks. The goal is to lower the rate of curtailment across the Western Transmission Network.

The growth of Asia-Pacific will depend on how much electricity emerging economies need. Developing countries like India are seen as good places to live because they keep adding to their power capacities and infrastructure to meet the demand for electricity. The Indian government also started the "One Nation-One Grid-One Price" programme in 2018 to connect all state and national grids so that all of India has the same price structure for electricity.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Hubbell Incorporated, Atkore International Group Inc., Schneider Electric SE, Legrand S.A. Sekisui Chemical Co., Ltd., and other players.

Hubbell Incorporated-Company Financial Analysis

Electrical Conduit Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 7.3 Billion
Market Size by 2030 US$ 12.68 Billion
CAGR CAGR of 7.0% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Rigid, Flexible)
• By Material (Metallic, Non-metallic)
• By End-Use Industry (Building & Construction, Industrial Manufacturing, IT & Telecommunication, Oil & Gas, Energy & Utility, Others , Healthcare, Marine)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Hubbell Incorporated, Atkore International Group Inc., Schneider Electric SE, Legrand S.A. and Sekisui Chemical Co., Ltd., and other players.
DRIVERS • Because of how useful they are, there is a high demand for electrical conduit.
• When using electrical conduits, there is less chance of getting a shock or a fire.
Restraints • Changes in the prices of raw materials

Frequently Asked Questions

Ans: The COVID-19 pandemic had a big effect on the electrical conduit market in 2020, causing its CAGR to drop by a large amount. Even though the economy is likely to get better because of the construction industry. Even though the activity might go on, delays and stops are likely due to problems in the supply chain and a lack of workers and materials. In 2020, safety and government orders at the federal, state, and local levels had a big impact on manufacturers and suppliers of electrical conduit. Every business in the world has been hurt by the COVID-19 pandemic.

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: More people need electrical conduit to make electricity or power and Population growth and fast urbanisation lead to a lot of building projects are the opportunity for Electrical Conduit Market.

 

Ans: Changes in the prices of raw materials are the restraints for Electrical Conduit Market.

Ans: Electrical Conduit Market Size was valued at USD 6.9 billion in 2021, and expected to reach USD 11.16 billion by 2028, and grow at a CAGR of 7.0 % over the forecast period 2022-2028.

 

Table of Contents:

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8.Electrical Conduit Market Segment, By Type

8.1 Rigid

8.2 Flexible

9. Electrical Conduit Market Segment, By Material

9.1 Metallic

9.1.1 Stainless steel

9.1.2 Aluminum

9.2 Non-metallic

9.2.1 PVC

9.2.2 HDPE

9.2.3 PP

9.2.4 Others

10. Electrical Conduit Market Segment, By End-Use Industry

10.1 Building & Construction

10.1.1 Residential

10.1.2 Commercial

10.2 Industrial Manufacturing

10.3 IT & Telecommunication

10.4 Oil & Gas

10.5 Energy & Utility

10.6 Others 

10.7 Healthcare

10.8 Marine

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profile

12.1 Hubbell Incorporated

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Atkore International Group Inc.

12.3 Schneider Electric SE

12.4 Legrand S.A.

12.5 Sekisui Chemical Co., Ltd.

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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