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Electrical Conduit Market Size

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

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Electrical Conduit Market Size

The global electrical conduit market was valued at USD 11 billion in 2024 and is estimated to grow at a CAGR 6.9% from 2025 to 2034, driven by the expansion of renewable energy projects, smart grid installations, and industrial automation. Additionally, urbanization and the rise in residential and commercial construction projects are fueling market growth. Moreover, regulatory standards related to safety and environmental concerns are pushing manufacturers to innovate and meet stringent requirements. However, supply chain disruptions and fluctuating raw material prices can impact market stability.

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Shifting trend towards more durable, fire-resistant, and environmentally friendly materials, including PVC and galvanized steel, is also shaping market trends. For instance, in May 2024, Atkore released Environmental Product Declarations for its Galvanized Steel, Stainless Steel, and PVC Conduit & Fittings. It will evaluate the environmental impact of the products, including energy use, greenhouse gas emissions, and waste generation, offering customers greater transparency into their sustainability.

Electrical Conduit Market Report Attributes
Report Attribute	Details
Base Year:	2024
Electrical Conduit Market Size in 2024:	USD 11 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	6.9%
2025 – 2034 Value Projection:	USD 22 Billion
Historical Data for:	2021 – 2023
No. of Pages:	100
Tables, Charts & Figures:	20
Segments covered:	Trade Size, Classification, Application, End Use
Growth Drivers:	Expansion of smart grid networks Refurbishment & retrofit of the existing grid infrastructure Rising peak load demand Expansion of micro-grid networks
Pitfalls & Challenges:	Slow-paced technological evolution across developing regions

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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.