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Base Year: 2023
Companies covered: 19
Tables & Figures: 20
Countries covered: 19
Pages: 120
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Galvanized Rigid Conduit Market
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Galvanized Rigid Conduit Market Size
The global galvanized rigid conduit market size was valued at USD 733.5 2023 and is expected to register at a CAGR of over 6.7% from 2024 to 2032. This kind of growth is the outcome of the industrial and commercial markets' growing need for robust and durable conduit solutions, primarily due to their superior mechanical and corrosion resistance. Furthermore, improvements in galvanizing technology and the development of new inexpensive production methods are optimizing and making the products more economically feasible.
In addition, the deployment of galvanized conduits has been supported by stringent safety norms and inflow of funds toward the electrical installations. The United States government invested USD 2.2 billion in August 2024 to strengthen the current electrical grids' resilience to cyberattacks and severe weather. This funding is intended to improve the sustainability of the power system and renovate infrastructure.
Galvanized Rigid Conduit Market Trends
The popularity of rigid conduits with environment friendly coatings is constantly increasing because of shifts in construction and the growing application of these units in the laying down of buildings infrastructures. For instance, in May 2024, Atkore published Environmental Product Declarations for its galvanized steel conduits. EPDs detail the environmental footprint of every product, covering parameters such as greenhouse gas emissions, energy use, water use, and generation of waste.
Advances in the process of galvanizing continue to improve conduit quality and price, while stricter regulations increase demand for reliable products. Consequently, the ongoing infrastructure refurbishment on account of strict safety regulations is creating a demand for reliable conduit solutions. These are all factors that posit a very healthy market growing trend for the use of galvanized rigid conduits.
Galvanized Rigid Conduit Market Analysis
In terms of applications the energy sector is likely to exceed USD 456 million by 2032. The conduit usage is on the rise in the construction and infrastructure industries along with commercial and industrial buildings and as well as transportation systems due to the conduits’ toughness and resistance to the environment. Moreover, the rising employment of galvanized rigid conduits for the protection of cabling is due to the conduit's reliability and security within data centers and other vital infrastructures. These units are also gaining a higher deployment rate in other areas like renewable power and smart grids, substantiating their versatility.
The galvanized rigid conduit market within the residential sector is undergoing noteworthy changes which are expected to expand at more than 6% CAGR through 2032. The robust growth stems from various factors such as increasing adoption rates for strong and corrosion resistant electrical conduits, rising safety concerns towards fire hazards and increased construction of residential homes. Furthermore, people have started to follow standard building regulations, further raising the need for such reliable conduit solutions. Increased investments by the manufacturers in new conduit technologies also improves the performance and cost efficiency of the conduits, aiding the growth of the sector.
Asia-Pacific galvanized rigid conduit market will cross over USD 640 million by 2032 due to rapid urbanization and investment in infrastructure development. Because of the wide focus on the construction of smart cities as well as alternative energy, there has been an increasing demand for conduits because they are important for the protection and thermal management of electrical systems.
As an example, China’s installed renewable energy capacity has reached 1.3 billion kilowatts as of June 2023 which stands for 47.3 % of total power installed generation capacity. This large growth in the region’s renewable energy infrastructure will additionally increase the supply of galvanized rigid conduits in the area. In addition, supplied conduits are receiving improvements in their quality and cost, broadening their appeal to the region’s various markets.
The growth in the U.S. galvanized rigid conduit market in the stems from investments in infrastructure development and the increasing standards of safety. Increased marketing opportunities in the commercial and industrial business is due to the conduits’ durability and performance. Many producers have started improving their product quality and cost-effectiveness, thereby making the galvanized rigid conduits more reliable and secure.
Galvanized Rigid Conduit Company Market Share
Due to its wide array of products, its solid distribution system, and its focus on quality services, Atkore has captured a major share of the galvanized rigid conduit industry. It has strong manufacturing capabilities and offers innovative solutions that serve customers’ requirements in various sectors. Moreover, Atkore’s acquisition strategy together with its strong market presence provides it with an added competitive grip that makes its leadership even stronger.
Galvanized Rigid Conduit Companies
Some of the key players operating across the galvanized rigid conduit industry are:
Galvanized Rigid Conduit Industry News
This galvanized rigid conduit market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032, for the following segments:
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Market, By Trade Size
Market, By Application
Market, By End Use
The above information has been provided for the following regions and countries: