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Residential Electrical Conduit Market Trends

  • Report ID: GMI7911
  • Published Date: Jan 2024
  • Report Format: PDF

Residential Electrical Conduit Market Trends

Current trends in the residential electrical conduit industry reflect a growing emphasis on sustainability, safety, and technology integration. The market is witnessing an increased adoption of eco–friendly conduit materials and designs as environmentally conscious practices gain momentum. Smart home technology integration is a key trend, with conduits being utilized to facilitate the wiring of advanced systems for home automation, security, and energy efficiency. Additionally, the demand for flexible and versatile conduit solutions is rising, driven by the need for adaptable wiring systems in modern and dynamic living spaces.
 

Moreover, the market is witnessing advancements in wireless conduit technologies, allowing for more seamless and clutter–free installations. The rise of electric vehicle (EV) adoption is influencing conduit trends, with the demand for home EV charging infrastructure leading to innovations in conduit designs that accommodate these charging systems. As per Ireland’s ZEVI, Department of transport’s report on “Electric Vehicle Charging Infrastructure Strategy 2022–2025”, approximately 80% of the charging needs of electric vehicles are catered through home charging and it is further anticipated to grow in the coming years owing to the soaring number of EVs in the country, which in turn will drive the deployment of reliable electrical conduit systems across the residential buildings.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of residential electrical conduit was surpassed USD 3.1 billion in 2023 and is projected to expand at over 7% CAGR from 2024 to 2032, owing to the growing demand for smart home technologies and the integration of advanced electrical systems in residential spaces.

The non-metal conduits segment of residential electrical conduit market generated USD 1.1 billion in 2023 and is estimated to exceed USD 2 billion by 2032, owing to the notable surge in adoption due to the ongoing shift from traditional metal conduits.

Asia–Pacific residential electrical conduit industry size is set to expand at over 8% CAGR between 2024 and 2032, driven by the rapid urbanization and increasing population in the region.

Some of the major residential electrical conduit industry players are Anamet Electrical, Inc., ABB, ASTRAL Limited, Austro Pipes, CANTEX INC., Atkore, Champion Fiberglass, Inc., Electri-Flex Company, Guangdong Ctube Industry Co., Ltd., HellermannTyton, Hubbell, legrand, Liberty Electric Products, Tubecon, Schneider Electric, Wienerberger AG, and Zekelman Industries.

Residential Electrical Conduit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 321
  • Countries covered: 19
  • Pages: 270
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