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Commercial Electrical Conduit Market Trends

Report ID: GMI8458
Published Date: Mar 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of commercial electrical conduit was reached USD 2 billion in 2023 and is projected to grow at over 7.2% CAGR up to 2032, driven by increasing construction activities, stringent regulations for mandating safe wiring practices, and the rising demand for energy-efficient electrical systems.

The 2½ to 3 trade size segment recorded over 28% share of the commercial electrical conduit industry in 2023, due to the escalating demands for larger conduit systems to accommodate expanding commercial infrastructures.

Asia-Pacific commercial electrical conduit market size is projected to exceed USD 1.5 billion by 2032, owing to rapid urbanization and commercialization across countries like China and India.

Some of the major commercial electrical conduit companies are Austro Pipes, Atkore, ABB, ASTRAL Limited, Champion Fiberglass, Inc., CANTEX INC., Electri-Flex Company, and Guangdong Ctube Industry Co., Ltd.