Industrial Electrical Conduit Market Size - By Trade Size (½ to 1, 1 ¼ to 2, 2 ½ to 3, 3 to 4, 5 to 6), By Classification (Metal, Non–Metal, Flexible, Underground), Regional Outlook & Forecast, 2024 – 2032

Industrial Electrical Conduit Market Size

Industrial Electrical Conduit Market was valued at USD 2.1 billion in 2023 and is estimated to register at over 7.5% CAGR from 2024 to 2032, due to the increasing investments in infrastructure development, stringent regulations promoting workplace safety, and the rising demand for electricity in industrial applications.
 

Additionally, the adoption of smart technologies and the expansion of industrial automation will further fuel market growth. As industries modernize and expand globally, the need for efficient, durable, and adaptable electrical conduit systems becomes paramount, stimulating innovation and investment in the sector.
 

COVID–19 Impact

COVID-19 disrupted the industrial electrical conduit market initially, causing supply chain issues and project delays. However, its essential role in infrastructure and emphasis on safety spurred resilience. The pandemic accelerated trends like automation, driving demand for adaptable conduit systems.
 

Industrial Electrical Conduit Market Trends

The industrial electrical conduit industry is marked by trends favoring sustainable materials, driven by environmental concerns and regulations. For instance, the European Union in 2023 introduced the EN 50626-2, which specifies requirements and tests for conduit systems buried underground. Lightweight and flexible electrical conduit solutions are increasingly sought after for their adaptability in retrofitting and tight spaces. Technological advancements, including smart features for monitoring, enhance efficiency. Modular and customizable conduit systems are gaining popularity for their ability to meet diverse industrial needs while simplifying installation and maintenance processes.
 

Industrial Electrical Conduit Market Analysis

The electrical conduits sized between 2 ½ to 3 trade size held approximately 25% revenue share in 2023, driven by increasing demand for larger conduit systems to accommodate expanding industrial infrastructures. Factors such as growing industrialization, infrastructure development projects, and the need for reliable electrical wiring solutions have contributed to this expansion. Moreover, advancements in conduit materials and installation technologies have enhanced the efficiency and durability of these systems, further fueling market growth. With industries emphasizing safety and efficiency, the 2 ½ to 3 trade size segment is poised to continue its upward trajectory, meeting evolving industrial electrical requirements.
 

The non-metal conduits have exhibited notable demand and are forecasted to achieve about 7.5% CAGR through 2032. Non-metal conduits, including PVC, fiberglass, and HDPE, offer advantages such as corrosion resistance, lightweight construction, and ease of installation. Additionally, they comply with evolving environmental regulations and are cost-effective alternatives to traditional metal conduits. Rapid technological advancements in materials science have enhanced the durability and performance of non-metal conduits, further driving their adoption across industrial applications. With increasing emphasis on sustainability and efficiency, the demand for non-metal conduits is expected to continue its upward trajectory, reshaping the market landscape.
 

Asia–Pacific industrial electrical conduit market is poised to reach USD 2 billion by 2032, on account of the rapid industrialization, urbanization, and infrastructural development across the region. Increasing investments in construction projects, particularly in emerging economies like China, India, and Southeast Asian countries, are fueling demand for industrial electrical conduit systems. Moreover, stringent regulations mandating the use of high-quality electrical conduits for safety and durability further propel market expansion. Advancements in technology and the adoption of sustainable materials also contribute to market growth.
 

Industrial Electrical Conduit Market Share

Schneider Electric stands out as a major player in the industrial electrical conduit industry. Renowned for its comprehensive range of innovative conduit solutions and global presence, Schneider Electric maintains its dominant position through strategic acquisitions, extensive R&D investments, and a commitment to sustainability. With a diverse portfolio catering to various industrial needs and stringent quality standards, Schneider Electric effectively addresses the evolving demands of the market, solidifying its leadership and influence in the industry.
 

Industrial Electrical Conduit Market Companies

Some of the key market players operating across the industrial electrical conduit industry are:

• ABB
• Anamet Electrical, Inc.
• ASTRAL Limited
• Atkore
• Austro Pipes
• CANTEX INC.
• Champion Fiberglass, Inc.
• Electri-Flex Company
• Guangdong Ctube Industry Co., Ltd.
• HellermannTyton
• Hubbell
• legrand
• Liberty Electric Products
• Schneider Electric
• Tubecon
• Wienerberger AG
• Zekelman Industries
   

Industrial Electrical Conduit Industry News

• In May 2023, ABB opened a new distribution center in Pennsylvania, USA, investing USD 4 million. This center serves the electrical requirements of the northeastern region, addressing the growing demand for dependable electrical products. With an inventory worth USD 15 million, the facility bolsters ABB's footprint in the Northeast and enhances customer reach by facilitating prompt responses to end-user needs.
   
• In November 2022, Atkore completed the purchase of assets from Elite Polymer Solutions, a prominent producer of High-Density Polyethylene (HDPE) conduits, for USD 91.6 million. This acquisition strategically enriches Atkore's HDPE product portfolio, reinforcing its market presence. Additionally, it expands the company's geographic reach on a national scale and unveils fresh opportunities for its products within the utility, telecommunication, and transportation domains.
   

This market research report on Industrial electrical conduit includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2019 to 2032, for the following segments:

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Market, By Trade Size

• ½ to 1
• 1 ¼ to 2
• 2 ½ to 3
• 3 to 4
• 5 to 6
• Others

Market, By Classification

• Metal
• Non–metal
• Flexible
• Underground
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
• Latin America
  • Brazil
  • Argentina