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Electrical Conduit Market Share

Report ID: GMI2551
Published Date: May 2023
Report Format: PDF

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Electrical Conduit Market Share

The leading players are strategically focusing advancement of their conduit units to offer more reliable electrical infrastructure. Furthermore, these companies are further engaging in supply contracts and collaborations with raw material suppliers and wire & cable manufacturers to gain a competitive edge in the industry.

ABB
Schneider Electric
Hubbell
Anamet Electrical, Inc.
ASTRAL Limited
Atkore
CANTEX INC
Champion Fiberglass, Inc.
Electri-Flex Company
HellermannTyton
legrand
Wienerberger AG
Zekelman Industries

are some of the major participants in the Asia Pacific electrical conduit market.

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.