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.
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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
Changes in the prices of raw materials
More people need electrical conduit to make electricity or power
Population growth and fast urbanisation lead to a lot of building projects
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.
By End-Use Industry
Building & Construction
IT & Telecommunication
Oil & Gas
Energy & Utility
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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 $11 billion on building new electric networks. The goal is to lower the rate of curtailment across the Western Transmission Network.
The growth of Asia-Pacific will depend on how much electricity emerging economies need. Developing countries like India are seen as good places to live because they keep adding to their power capacities and infrastructure to meet the demand for electricity. The Indian government also started the "One Nation-One Grid-One Price" programme in 2018 to connect all state and national grids so that all of India has the same price structure for electricity.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Hubbell Incorporated-Company Financial Analysis
|Market Size in 2022
|US$ 7.3 Billion
|Market Size by 2030
|US$ 12.68 Billion
|CAGR of 7.0% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• 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)
|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)
|Hubbell Incorporated, Atkore International Group Inc., Schneider Electric SE, Legrand S.A. and Sekisui Chemical Co., Ltd., and other players.
|• 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.
|• Changes in the prices of raw materials
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:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Electrical Conduit Market Segment, By Type
9. Electrical Conduit Market Segment, By Material
9.1.1 Stainless steel
10. Electrical Conduit Market Segment, By End-Use Industry
10.1 Building & Construction
10.2 Industrial Manufacturing
10.3 IT & Telecommunication
10.4 Oil & Gas
10.5 Energy & Utility
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 Hubbell Incorporated
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
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Step 1: Secondary Research:
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