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Metal Electrical Conduit Market Trends

Report ID: GMI5873
Published Date: May 2023
Report Format: PDF

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Metal Electrical Conduit Market Trends

The demand for metal electrical conduit systems is propelled by various factors, including the growing emphasis on improving lifestyles and the need for secure and dependable wire and cable management solutions in both residential and industrial sectors. The conduit business further benefits from regulatory reforms and updates that encourage standardized product specifications, benefiting installers & consumers and creating a favorable business environment. Moreover, there is a regional focus on incorporating renewable electricity infrastructure and promoting electrification in remote areas, which contributes to the expansion of the electrical conduit industry.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of metal electrical conduit was worth around USD 3.1 billion in 2023 and is anticipated to reach over USD 5.6 billion by 2032 driven by the growing apprehensions pertaining to electrical supply issues, fire dangers, health hazards, and operational safety.

The energy application segment is set to register more than 5.5% CAGR over 2023-2032 attributed to the surging demand for electricity, fueled by factors like population growth, urbanization, and industrialization.

The Asia Pacific metal electrical conduit market amassed more than USD 1.2 billion in 2022 and is projected to grow at over 7.5% CAGR through 2032 attributed to the ongoing industrialization and urbanization, coupled with rising population across the region.

Schneider Electric, Anamet Electrical, Inc., Atkore, HellermannTyton, Legrand, Zekelman Industries, Nucor Tubular Products, Gibson Stainless & Specialty Inc., Weifang East Steel Pipe, Flexa GMbH, Techno Flex, and American Conduit are some of the leading enterprises in the market.