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Commercial Electrical Conduit Market Size
Commercial Electrical Conduit Market was valued at USD 2 billion in 2023 and is projected to grow at over 7.2% CAGR from 2024 to 2032, driven by the increasing construction activities, stringent regulations mandating safe wiring practices, and rising demand for energy-efficient electrical systems.
As per Central Bureau voor de Statistiek, Netherlands witnessed an addition of over 4,500 commercial buildings in first quarter of 2023, which is anticipated to grow further in the coming years, which in turn will drive the market growth. Growing awareness about the benefits of conduit systems in protecting electrical wiring from environmental hazards and minimizing maintenance costs also contributes to the market expansion.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 2 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 7.2% |
| 2032 Value Projection: | USD 3.9 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 270 |
| Tables, Charts & Figures: | 321 |
| Segments covered: | Trade Size, Classification |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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COVID–19 Impact
The COVID-19 pandemic interrupted the operations across commercial electrical conduit market, causing supply chain disruptions and project delays. Construction slowdowns and economic uncertainties led to decreased demand for electrical conduit products, impacting the market's growth and profitability.
Commercial Electrical Conduit Market Trends
The commercial electrical conduit industy is witnessing a noticeable growth owing to increased demand for flexible conduit solutions to accommodate complex installations, growing adoption of non-metallic conduits for their corrosion resistance and lightweight properties, and rising focus on sustainability and energy efficiency driving the use of conduit made from recycled materials. Additionally, advancements in conduit fittings and accessories, along with the integration of smart technologies for monitoring and control, are shaping the evolution of the commercial electrical conduit industry.
Commercial Electrical Conduit Market Analysis
The 2½ to 3 commercial electrical conduit segment captured a market share of over 28% in 2023. This surge stems from escalating demands for larger conduit systems to accommodate expanding commercial infrastructures. The industry expansion is fuelled by increased commercialization, infrastructure projects, and the imperative for reliable electrical wiring solutions. Furthermore, advancements in conduit materials and installation technologies have boosted system efficiency and durability. With safety and efficiency prioritized across industries, the 2 ½ to 3 trade size segment is poised for sustained growth, aligning with evolving commercial electrical needs.
In the commercial electrical conduit sector, the non-metal conduits have demonstrated significant demand and is projected to achieve about 5.5% CAGR through 2032. Non-metal conduits, such as PVC, fiberglass, and HDPE, offer benefits like corrosion resistance, lightweight construction, and easy installation. They also comply with evolving environmental regulations and serve as cost-effective alternatives to traditional metal conduits. Advancements in materials science have bolstered the durability and performance of non-metal conduits, further stimulating their adoption across commercial applications. With a growing emphasis on sustainability and efficiency, the demand for non-metal conduits is anticipated to sustain its upward trajectory, reshaping the landscape of the market development.
Asia-Pacific commercial electrical conduit market is projected to exceed USD 1.5 billion by 2032, owing to rapid urbanization and commercialization across countries like China and India are increasing the demand for commercial infrastructure and electrical systems. Furthermore, investments in smart city projects, along with the adoption of advanced materials and technologies, are further driving the regional expansion.
Commercial Electrical Conduit Market Share
Atkore stands as one of the prominent players in the commercial electrical conduit industry. Renowned for its diverse portfolio, Atkore offers a wide range of conduit solutions catering to various commercial applications. With a focus on innovation and quality, Atkore continues to be a preferred choice, providing reliable electrical conduit solutions globally.
Commercial Electrical Conduit Market Companies
Some of the major key players operating across the commercial electrical conduit industry are:
- Austro Pipes
- Atkore
- ABB
- ASTRAL Limited
- Champion Fiberglass, Inc.
- CANTEX INC.
- Electri-Flex Company
- Guangdong Ctube Industry Co., Ltd.
- Hubbell
- HellermannTyton
- legrand
- Liberty Electric Products
- Schneider Electric
- Tubecon
- Wienerberger AG
- Zekelman Industries
Commercial Electrical Conduit Industry News
- In May 2023, ABB opened a new distribution hub in Pennsylvania, USA, with a USD 4 million investment. This center caters to the northeastern region’s electrical needs, further meeting the expanding demand for efficient electrical products. Equipped with an inventory valued at USD 15 million, the facility strengthens ABB's presence in the Northeast and improves customer access by allowing swift responses to end-user requirements.
- In February 2023, Atkore introduced a new PVC conduit range, enhancing its product offerings for electrical installations. The conduit series features robust construction, ensuring durability and reliability in diverse applications. Engineered with flexibility and ease of installation in mind, the PVC conduit line meets stringent industry standards. This addition underscores Atkore's commitment to delivering high-quality solutions tailored to the evolving needs of electrical contractors and professionals.
This commercial electrical conduit market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2019 to 2032, for the following segments:
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Market, By Trade Size
- ½ to 1
- 1 ¼ to 2
- 2 ½ to 3
- 3 to 4
- 5 to 6
- Others
Market, By Classification
- Metal
- Non–metal
- Flexible
- Underground
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Latin America
- Brazil
- Argentina
Frequently Asked Questions (FAQ) :