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Electrical Conduit Market Trends

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

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Electrical Conduit Market Trends

The electrical conduit industry is experiencing significant growth driven by several key factors. Demand for sustainable and eco-friendly materials is rising, with products like recycled PVC and aluminum gaining popularity due to their environmental benefits. Additionally, increased adoption of smart infrastructure, such as smart grids and renewable energy systems, is driving the need for more advanced conduit solutions. Moreover, innovations in flexible and lightweight conduit materials are meeting the demand for easy installation and maintenance. Companies are also focusing on expanding their distribution networks and enhancing product offerings to meet evolving customer requirements.

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.