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Electrical Metal Tubing Market Size

Report ID: GMI11464
Published Date: Sep 2024
Report Format: PDF

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Electrical Metal Tubing Market Size

The global electrical metal tubing market size was valued at USD 776.8 million in 2023 and is expected to grow at a CAGR of 6.9% from 2024 to 2032. the industry is witnessing a noteworthy expansion due to urbanization, industrial growth, and increased construction activities, particularly in developing economies. Infrastructure projects in renewable energy and smart grid sectors are driving demand.

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For instance, The U.S. Department of Energy reports that grid modernization investments reached USD 7.8 billion in 2021, indicating a significant demand for EMT in smart grid applications. Stringent safety regulations and the need for fire-resistant materials further propel market growth. Additionally, the rising adoption of energy-efficient electrical systems and ongoing innovations in conduit materials and installation practices continue to support market expansion.

Electrical Metal Tubing Market Report Attributes
Report Attribute	Details
Base Year:	2023
Electrical Metal Tubing Market Size in 2023:	USD 776.8 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	6.9%
2032 Value Projection:	USD 1.4 Billion
Historical Data for:	2021 - 2023
No. of Pages:	70
Tables, Charts & Figures:	10
Segments covered:	Trade Size, Application, End Use
Growth Drivers:	Expansion of smart grid networks Refurbishment & retrofit of the existing grid infrastructure Increasing electricity demand Integration of a sustainable energy infrastructure
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 metal tubing was worth over USD 776.8 million in 2023 and is expected to grow at a CAGR of 6.9% through 2023, due to urbanization, industrial growth, and increased construction activities, particularly in developing economies.

The electrical metal tubing market in the utility sector is experiencing robust growth, with a projected CAGR of over 7.5% through 2032, driven by the modernization of electrical grids and increased investments in utility infrastructure.

Asia-Pacific electrical metal tubing market is projected to exceed USD 690 million by 2032, driven by rapid urbanization, industrialization, renewable energy expansion, and stricter safety regulations.

Atkore, Bridgeport, Eaton, EVT Electrical, Hangzhou Francis Conduit Industries Co., Ltd, Nucor Tubular Products, Orbit Industries, Producto Electric Corp., Topaz Lighting Corp., Topele Enterprise Co., Ltd., and Western Tube among others.