Global Electrical Conduits Market Size, Share, Trends, Industry Growth by Type (Rigid, Flexible), by Material (Metallic, Non-metallic), by End-Use Industry, by Region and Forecast to 2030

Report ID: RC158441 | Report Format: PDF + Excel | Starting Price: 3800/- USD |

Key Findings:

  • The market size was valued at over USD 9 billion and growing at a CAGR of ~ 7% by 2030
  • By type, the flexible conduits segment is estimated to register the fastest growth rate over the forecast period
  • Geographically, the Asia Pacific is accounted to hold the largest market share in the benchmark year 2023

The global electrical conduits market size was valued at over USD 9 billion in 2023 and anticipated to grow at a significant CAGR of around 7% during the forecast period from 2024 to 2030. The market is primarily driven by several key factors that reflect the evolving landscape of the electrical industry and construction sector. Firstly, the increasing investments in infrastructure development and urbanization projects worldwide propel the demand for electrical conduits, as they are essential components for routing and protecting electrical wiring in buildings, utilities, and industrial facilities. Additionally, stringent safety regulations and standards mandating the use of durable and fire-resistant conduits further fuel market growth, especially in regions prone to natural disasters and extreme weather conditions. Moreover, the rapid expansion of renewable energy projects, such as solar and wind farms, necessitates extensive electrical wiring and distribution networks, driving up the demand for conduits designed to withstand harsh environmental conditions. Furthermore, technological advancements in conduit materials, such as the development of lightweight and corrosion-resistant options, contribute to market expansion by offering enhanced durability and ease of installation, catering to the evolving needs of the construction and electrical sectors.

Market Snapshot:

Benchmark Year 2023
Market Size > USD 9 Billion in 2023
Market Growth (CAGR) ~ 7% (2024 – 2030)
Largest Market Share Asia Pacific
Analysis Period 2020-2030
Market Players Atkore International Group, Inc., Schneider Electric SE, Legrand S.A., ABB Ltd., and Hubbell Incorporated

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Market Trends:

Shift towards Sustainable Materials: There is a growing trend towards environmentally friendly and sustainable materials in electrical conduit manufacturing. This includes the adoption of recyclable and biodegradable materials, as well as conduits made from post-consumer recycled content. Manufacturers are increasingly investing in research and development to innovate sustainable conduit solutions that meet stringent environmental regulations and address consumer demand for eco-friendly products.

Advancements in Smart Conduit Technology: The integration of smart technologies into electrical conduits is gaining momentum. Smart conduits equipped with sensors, monitoring systems, and communication capabilities enable real-time tracking of electrical systems, remote diagnostics, and predictive maintenance. These advancements enhance operational efficiency, reduce downtime, and improve overall system reliability, catering to the growing demand for intelligent infrastructure solutions in smart buildings and industrial facilities.

Expansion of Fiber Optic Conduit Market: With the proliferation of high-speed internet and telecommunications networks, there is a significant expansion in the fiber optic conduit market. Fiber optic conduits provide a protective pathway for fiber optic cables, ensuring reliable transmission of data for telecommunications, internet connectivity, and cloud computing applications. As demand for high-speed connectivity continues to rise, the fiber optic conduit market is poised for substantial growth, driven by investments in broadband infrastructure and 5G deployment.

Focus on Fire Safety and Performance: Fire safety regulations and performance standards are driving innovations in fire-resistant electrical conduits. Manufacturers are developing conduits with enhanced fire-retardant properties and low-smoke emission characteristics to improve safety in commercial and residential buildings. These specialized conduits provide critical protection for electrical wiring in case of fire, minimizing the risk of property damage and ensuring occupant safety.

Customization and Modular Solutions: There is a growing demand for customizable and modular conduit solutions that offer flexibility and scalability in design and installation. Modular conduits allow for easy configuration and adaptation to specific project requirements, reducing installation time and labor costs. Manufacturers are offering a wide range of conduit sizes, shapes, and fittings to accommodate diverse applications and installation environments, catering to the evolving needs of contractors, architects, and building owners.

Market Opportunities:

In the electrical conduits market, numerous opportunities abound for industry players to capitalize on emerging trends and market dynamics. Firstly, with the global push towards sustainable development and green infrastructure, there is a significant opportunity for manufacturers to invest in the development and production of eco-friendly conduit materials, such as recyclable plastics or biodegradable alternatives, to cater to the growing demand for sustainable construction solutions. Additionally, the rapid urbanization and infrastructure development in emerging economies present a vast market opportunity for electrical conduit providers, as governments and private investors allocate substantial funds towards the construction of residential, commercial, and industrial facilities. Furthermore, the increasing adoption of smart technologies in buildings and infrastructure projects opens up opportunities for manufacturers to develop innovative smart conduit solutions embedded with sensors and monitoring systems, catering to the evolving needs of smart cities and intelligent buildings.

Market Challenges:

While the electrical conduits market presents numerous opportunities, it also faces several challenges that can impact industry growth and profitability. One significant challenge is the increasing competition from alternative wiring solutions and emerging technologies, such as wireless communication systems and cable trays, which offer more flexibility and cost-effectiveness in certain applications. Additionally, fluctuating raw material prices and supply chain disruptions pose challenges for manufacturers in maintaining production costs and ensuring timely delivery of conduit products. Moreover, stringent regulatory requirements and standards for fire safety, environmental sustainability, and product performance necessitate continuous investment in research and development to develop compliant conduit solutions, adding to manufacturing complexities and costs. Furthermore, the complexity of installation and retrofitting processes for electrical conduits, especially in existing buildings and infrastructure, can pose logistical challenges for contractors and building owners, leading to project delays and increased installation costs.

Market Insights:

The global electrical conduits market is bifurcated into type, material, end-use industry, and geography. On the basis of type, the market is further segmented into rigid and flexible. The flexible conduits segment is poised to achieve the fastest CAGR within the market due to its inherent versatility and adaptability. Unlike rigid conduits, flexible conduits offer the ability to bend and flex easily, facilitating seamless routing of electrical wiring in diverse installation environments. This flexibility eliminates the need for complex fittings and reduces installation time and labor costs, making flexible conduits particularly appealing for residential, commercial, and renovation projects where efficiency is paramount. Moreover, the resilience of flexible conduits to movement, vibration, and mechanical stress enhances their suitability for dynamic applications such as machinery, vehicles, and seismic-prone areas, where rigid conduits may be susceptible to damage or failure.

Furthermore, the expansion of residential and commercial construction activities worldwide is driving increased demand for flexible conduits. These conduits are essential components for wiring installations in buildings, offices, retail spaces, and other structures, accommodating evolving building layouts and configurations. Additionally, ongoing technological advancements in flexible conduit materials and manufacturing processes contribute to their performance enhancements, such as improved flexibility, durability, and fire resistance. Innovations in conduit design, including self-extinguishing properties and UV resistance, address safety and longevity concerns, further bolstering the appeal of flexible conduits in the electrical conduits market.

The electrical conduits market research report presents the analysis of each segment from 2020 to 2030 considering 2023 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2024 to 2030.

Historical & Forecast Period

  • 2020-22 – Historical Year
  • 2023 – Base Year
  • 2024-2030 – Forecast Period

Market Segmentation:

By Type:

  • Rigid
  • Flexible

By Material:

  • Metallic
    • Stainless steel
    • Aluminum
  • Non-metallic
    • PVC
    • HDPE
    • PP
    • Others

By End-Use Industry:

  • Building & Construction
    • Residential
    • Commercial
  • Industrial Manufacturing
  • IT & Telecommunication
  • Oil & Gas
  • Energy & Utility
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

Geographically, the dominant region in the electrical conduits market is often Asia-Pacific, owing to several key factors that contribute to its leadership position in the industry. Firstly, Asia-Pacific is experiencing rapid urbanization and industrialization, leading to extensive infrastructure development projects across the region. This surge in construction activities drives substantial demand for electrical conduits in residential, commercial, and industrial sectors. Countries like China, India, and Southeast Asian nations are witnessing significant investments in infrastructure, including transportation, energy, and real estate, further boosting the demand for electrical conduits.

Moreover, Asia-Pacific boasts a large and growing population, accounting for a significant portion of global construction and manufacturing activities. This population growth, coupled with rising disposable incomes and urbanization trends, fuels demand for electrical appliances, electronic devices, and automotive products, all of which require electrical conduits for wiring installations. Additionally, the region’s robust manufacturing sector, particularly in electronics, automotive, and consumer goods industries, contributes to the demand for electrical conduits for machinery and equipment installations.

Furthermore, supportive government policies, favorable investment climates, and advancements in technology drive innovation and growth in the electrical conduits market across Asia-Pacific. Governments in the region often prioritize infrastructure development as a means to stimulate economic growth and enhance living standards, leading to sustained demand for electrical conduits. Overall, with its burgeoning construction activities, expanding industrial base, and favorable business environment, Asia-Pacific emerges as the dominant region in the electrical conduits market, commanding a significant share of global demand and shaping the industry’s growth trajectory.

Competitive Landscape:

Some of the prominent market players operating in the global electrical conduits market are Atkore International Group, Inc., Schneider Electric SE, Legrand S.A., ABB Ltd., and Hubbell Incorporated. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Atkore International Group, Inc.
  • Schneider Electric SE
  • Legrand S.A.
  • ABB Ltd.
  • Hubbell Incorporated
  • Calpipe Industries, Inc.
  • Anamet Electrical, Inc.
  • Cantex Inc.
  • Prime Conduit
  • Southwire Company, LLC

Key Questions Answered by Electrical Conduits Market Report

  • Global electrical conduits market forecasts from 2024-2030
  • Regional market forecasts from 2024-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2024-2030 covering 15 major countries from the regions as mentioned above
  • Electrical conduits submarket forecasts from 2024-2030 covering the market by type, material, end-use industry, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level electrical conduits markets from 2024-2030
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Contents:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Electrical Conduits Market Portraiture
2.2. Global Electrical Conduits Market, by Type, 2023 (USD Mn)
2.3. Global Electrical Conduits Market, by Material, 2023 (USD Mn)
2.4. Global Electrical Conduits Market, by End-Use Industry, 2023 (USD Mn)
2.5. Global Electrical Conduits Market, by Geography, 2023 (USD Mn)

 

3. Global Electrical Conduits Market Analysis


3.1. Electrical Conduits Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis

 

4. Global Electrical Conduits Market by Type, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Rigid
4.3. Flexible

 

5. Global Electrical Conduits Market by Material, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Metallic
5.2.1. Stainless steel
5.2.2. Aluminum
5.3. Non-metallic
5.3.1. PVC
5.3.2. HDPE
5.3.3. PP
5.3.4. Others

 

6. Global Electrical Conduits Market by End-Use Industry, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. Building & Construction
6.2.1. Residential
6.2.2. Commercial
6.3. Industrial Manufacturing
6.4. IT & Telecommunication
6.5. Oil & Gas
6.6. Energy & Utility
6.7. Others

 

7. North America Electrical Conduits Market Analysis and Forecast, 2020 – 2030 (USD Mn)


7.1. Overview
7.2. North America Electrical Conduits Market by Type, (2020-2030 USD Mn)
7.3. North America Electrical Conduits Market by Material, (2020-2030 USD Mn)
7.4. North America Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
7.5. North America Electrical Conduits Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Electrical Conduits Market by Type, (2020-2030 USD Mn)
7.5.1.2. U.S. Electrical Conduits Market by Material, (2020-2030 USD Mn)
7.5.1.3. U.S. Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Electrical Conduits Market by Type, (2020-2030 USD Mn)
7.5.2.2. Canada Electrical Conduits Market by Material, (2020-2030 USD Mn)
7.5.2.3. Canada Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
7.5.3. Mexico
7.5.3.1. Mexico Electrical Conduits Market by Type, (2020-2030 USD Mn)
7.5.3.2. Mexico Electrical Conduits Market by Material, (2020-2030 USD Mn)
7.5.3.3. Mexico Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)

 

8. Europe Electrical Conduits Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Europe Electrical Conduits Market by Type, (2020-2030 USD Mn)
8.3. Europe Electrical Conduits Market by Material, (2020-2030 USD Mn)
8.4. Europe Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
8.5. Europe Electrical Conduits Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Electrical Conduits Market by Type, (2020-2030 USD Mn)
8.5.1.2. Germany Electrical Conduits Market by Material, (2020-2030 USD Mn)
8.5.1.3. Germany Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Electrical Conduits Market by Type, (2020-2030 USD Mn)
8.5.2.2. U.K. Electrical Conduits Market by Material, (2020-2030 USD Mn)
8.5.2.3. U.K. Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Electrical Conduits Market by Type, (2020-2030 USD Mn)
8.5.3.2. France Electrical Conduits Market by Material, (2020-2030 USD Mn)
8.5.3.3. France Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Electrical Conduits Market by Type, (2020-2030 USD Mn)
8.5.4.2. Spain Electrical Conduits Market by Material, (2020-2030 USD Mn)
8.5.4.3. Spain Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Electrical Conduits Market by Type, (2020-2030 USD Mn)
8.5.5.2. Italy Electrical Conduits Market by Material, (2020-2030 USD Mn)
8.5.5.3. Italy Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Electrical Conduits Market by Type, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Electrical Conduits Market by Material, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)

 

9. Asia Pacific Electrical Conduits Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Asia Pacific Electrical Conduits Market by Type, (2020-2030 USD Mn)
9.3. Asia Pacific Electrical Conduits Market by Material, (2020-2030 USD Mn)
9.4. Asia Pacific Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
9.5. Asia Pacific Electrical Conduits Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Electrical Conduits Market by Type, (2020-2030 USD Mn)
9.5.1.2. China Electrical Conduits Market by Material, (2020-2030 USD Mn)
9.5.1.3. China Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Electrical Conduits Market by Type, (2020-2030 USD Mn)
9.5.2.2. Japan Electrical Conduits Market by Material, (2020-2030 USD Mn)
9.5.2.3. Japan Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Electrical Conduits Market by Type, (2020-2030 USD Mn)
9.5.3.2. India Electrical Conduits Market by Material, (2020-2030 USD Mn)
9.5.3.3. India Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
9.5.4. South Korea
9.5.4.1. South Korea Electrical Conduits Market by Type, (2020-2030 USD Mn)
9.5.4.2. South Korea Electrical Conduits Market by Material, (2020-2030 USD Mn)
9.5.4.3. South Korea Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
9.5.5. Rest of Asia Pacific
9.5.5.1. Rest of Asia Pacific Electrical Conduits Market by Type, (2020-2030 USD Mn)
9.5.5.2. Rest of Asia Pacific Electrical Conduits Market by Material, (2020-2030 USD Mn)
9.5.5.3. Rest of Asia Pacific Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)

 

10. Latin America (LATAM) Electrical Conduits Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. Latin America Electrical Conduits Market by Type, (2020-2030 USD Mn)
10.3. Latin America Electrical Conduits Market by Material, (2020-2030 USD Mn)
10.4. Latin America Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
10.5. Latin America Electrical Conduits Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Electrical Conduits Market by Type, (2020-2030 USD Mn)
10.5.1.2. Brazil Electrical Conduits Market by Material, (2020-2030 USD Mn)
10.5.1.3. Brazil Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
10.5.2. Argentina
10.5.2.1. Argentina Electrical Conduits Market by Type, (2020-2030 USD Mn)
10.5.2.2. Argentina Electrical Conduits Market by Material, (2020-2030 USD Mn)
10.5.2.3. Argentina Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Electrical Conduits Market by Type, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Electrical Conduits Market by Material, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)

 

11. Middle East and Africa Electrical Conduits Market Analysis and Forecast, 2020 - 2030 (USD Mn)


11.1. Overview
11.2. MEA Electrical Conduits Market by Type, (2020-2030 USD Mn)
11.3. MEA Electrical Conduits Market by Material, (2020-2030 USD Mn)
11.4. MEA Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
11.5. Middle East and Africa Electrical Conduits Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Electrical Conduits Market by Type, (2020-2030 USD Mn)
11.5.1.2. GCC Electrical Conduits Market by Material, (2020-2030 USD Mn)
11.5.1.3. GCC Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Electrical Conduits Market by Type, (2020-2030 USD Mn)
11.5.2.2. South Africa Electrical Conduits Market by Material, (2020-2030 USD Mn)
11.5.2.3. South Africa Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Electrical Conduits Market by Type, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Electrical Conduits Market by Material, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Electrical Conduits Market by End-Use Industry, (2020-2030 USD Mn)

 

12. Competitive Landscape


12.1. Company Market Share Analysis, 2023
12.2. Competitive Dashboard
12.3. Competitive Benchmarking
12.4. Geographic Presence Heatmap Analysis
12.5. Company Evolution Matrix
12.5.1. Star
12.5.2. Pervasive
12.5.3. Emerging Leader
12.5.4. Participant
12.6. Strategic Analysis Heatmap Analysis
12.7. Key Developments and Growth Strategies
12.7.1. Mergers and Acquisitions
12.7.2. New Product Launch
12.7.3. Joint Ventures
12.7.4. Others

 

13. Company Profiles


13.1. Atkore International Group, Inc.
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Schneider Electric SE
13.3. Legrand S.A.
13.4. ABB Ltd.
13.5. Hubbell Incorporated
13.6. Calpipe Industries, Inc.
13.7. Anamet Electrical, Inc.
13.8. Cantex Inc.
13.9. Prime Conduit
13.10. Southwire Company, LLC
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