Home > Energy & Power > Wire and Cable > Power Cable > Electrical Conduit Market

Electrical Conduit Market Analysis

Report ID: GMI2551
Published Date: Dec 2024
Report Format: PDF

Download Free Sample

Electrical Conduit Market Analysis

Electrical Conduit Market Size, By Classification, 2022 - 2034 (USD Billion)

The non-metal classification segment is projected to surpass USD 7.5 billion by 2034, driven by the increasing demand for specific types of conduits suited for various applications. Flexible conduits are in demand for their ease of installation in tight spaces, particularly in residential and light commercial sectors. Liquid-tight conduits are becoming more popular in environments exposed to moisture or harsh conditions, including outdoor or industrial settings. As industries focus on safety and compliance, demand for specialized conduits that offer fire resistance, corrosion resistance, and weatherproofing is rising.

Electrical Conduit Market Revenue Share, By Application, 2024

Learn more about the key segments shaping this market

Download Free Sample

The energy sector is expected to register at a CAGR of 5.5% through 2034, driven by the expansion of renewable energy projects, grid modernization, and power transmission infrastructure. Rise of solar, wind, and energy storage systems is increasing demand for fire-resistant, corrosion-resistant, and weatherproof conduits, especially for high-voltage applications in harsh environments. Additionally, as energy grids become smarter and more interconnected, there is a growing need for conduits that can accommodate complex wiring systems. The shift toward sustainable energy solutions is also fostering the use of eco-friendly conduit materials, further driving innovation and growth in the energy sector's conduit market.

U.S. Electrical Conduit Market Size, 2022 - 2034, (USD Billion)

Looking for region specific data?

Download Free Sample

The U.S. Electrical Conduit market is projected to exceed USD 2.9 billion by 2034, driven by increased construction activities, infrastructure upgrades, and the rise of renewable energy projects. The U.S. is focusing heavily on infrastructure modernization, including smart grid and electric vehicle charging stations, which further boosts the need for reliable conduits. For instance, the U.S. Department of Energy reports that in 2023, there were 161,562 public EV charging ports across the country, indicating significant potential for conduit usage. Additionally, stricter safety regulations and compliance standards are pushing manufacturers to innovate with advanced conduit solutions that meet the latest industry requirements.

In the Asia Pacific region, rapid urbanization, infrastructure development, and industrialization are driving market growth. Increased demand for energy-efficient and safe electrical systems in construction, manufacturing, and energy sectors is fueling the adoption of advanced conduit solutions. The rise of renewable energy projects and smart grid installations further contributes to market expansion in the region.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of electrical conduit was valued at USD 10 billion in 2023 and will reach over USD 19.9 billion by 2032, propelled by increasing concerns related to electrical supply faults, fire hazards, health risks, and operational safety.

Non metal conduit units are expected to grow at over 8% CAGR from 2023 to 2032 on account of their versatility and wide range of applications in electricity distribution networks, ranging from small residential electrical networks to large utility-assisted distribution infrastructure.

The energy application segment of electrical conduit industry is poised to grow at a 7% CAGR through 2032 owing to the growing emphasis on renewable energy sources, increasing demand for electricity, and the modernization and upgrade of existing energy infrastructure.

Asia Pacific electrical conduit market is slated to expand at more than 8.5% CAGR over 2023-2032 on account of several factors such as population growth, urbanization, and government initiatives to promote infrastructure development.

The global market for electrical conduit was reached USD 11 billion in 2024 and is estimated to grow at a 6.9% CAGR from 2025 to 2034, driven by the expansion of renewable energy projects and smart grid installations.

The non-metal classification of the electrical conduit market is projected to surpass USD 7.5 billion by 2034, due to the increasing demand for specific types of conduits suited for various applications.

The electrical conduit market in the energy sector is expected to experience a robust growth rate, with a CAGR exceeding 5.5% through 2034, led by the expansion of renewable energy projects and grid modernization.

The U.S. electrical conduit market is projected to exceed USD 2.9 billion by 2034, propelled by increased construction activities, infrastructure upgrades, and the rise of renewable energy projects.

Key players in the electrical conduit industry include ABB, ASTRAL, Anamet Electrical, Atkore, CANTEX, Champion Fiberglass, Electri-Flex, HellermannTyton, Hubbell, Legrand, Schneider Electric, Wienerberger, and Zekelman Industries.