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Galvanized Rigid Conduit Market Size

Report ID: GMI11482
Published Date: Sep 2024
Report Format: PDF

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Galvanized Rigid Conduit Market Size

The global galvanized rigid conduit market was valued at USD 733.5 million in 2023 and is projected to grow at a CAGR of 6.7% from 2024 to 2032, driven by the demand for robust and durable conduit solutions in industrial and commercial environments, primarily due to their superior corrosion resistance and mechanical strength. Also, technological advancements in galvanizing processes and the introduction of more cost-effective manufacturing techniques are improving product performance and affordability.

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Additionally, stringent safety, regulatory standards and investment for electrical installations are further propelling adoption of galvanized rigid conduits. For instance, in August 2024, the U.S. administration has invested USD 2.2 billion in the nation's electrical grid to enhance resilience against extreme weather events and cyber threats. This funding aims to modernize infrastructure and improve reliability, ensuring a more secure and robust power system.

Galvanized Rigid Conduit Market Report Attributes
Report Attribute	Details
Base Year:	2023
Galvanized Rigid Conduit Market Size in 2023:	USD 733.5 Million
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	6.7%
2024 – 2032 Value Projection:	USD 1.3 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 global market size of galvanized rigid conduit is projected to grow at a CAGR of 6.7% through 2032 and is likely to exceed USD 1.3 billion by 2032, driven by the increasing demand for corrosion-resistant and durable conduit solutions in industrial and commercial environments.

The energy sector dominates the galvanized rigid conduit market and is projected to surpass USD 456 million by 2032. The rising demand for secure and reliable electrical installations in renewable energy and smart grid applications is a key growth driver.

The residential sector is expected to grow at a CAGR of over 6% through 2032, driven by heightened fire safety awareness, increasing construction activities, and stringent building codes that favor durable and corrosion-resistant electrical conduit solutions.

The Asia-Pacific galvanized rigid conduit market size cross USD 640 million by 2032. This funding focuses on enhancing resilience against extreme weather and cyber threats, driving the adoption of durable conduits in the commercial and industrial sectors.

Some of the prominent players in the galvanized rigid conduit market include American Conduit, Atkore, Legrand, Nucor Tubular Products, Pittsburgh Pipe, Schneider Electric, Techno Flex, and Zekelman Industries, among others.