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Galvanized Rigid Conduit Market Trends

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

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Galvanized Rigid Conduit Market Trends

The galvanized rigid conduit market is experiencing significant growth owing to various trends including increased use of galvanized rigid conduits in large infrastructure projects due to their durability and environmental resistance. Also, growing emphasis on sustainable and eco-friendly construction practices, leading to a heightened interest in conduits that offer long-term performance with minimal maintenance. Moreover, advancements in galvanizing are enhancing conduit quality and cost-efficiency, while stricter regulations boost demand for reliable solutions. These factors contribute to a positive market outlook for galvanized rigid conduits.

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.