The global electrical conduit market is expected to be driven by growing demand for energy, increasing urbanization and infrastructure development activity (including commercial and residential buildings), innovative solutions, and increased focus on and growth of energy efficient buildings. North America, Europe and Asia are expected to be key markets.
Electrical conduit is a durable tube or enclosure in which wires are encased for protection from damage; these are also referred to as wire ways or raceways. Electrical conduits may be made of plastic or metal, and may be flexible or stiff. Electrical conduits may be installed with the help of compatible fittings including elbows, couplings, connectors & electrical boxes made of similar material.
In the electrical installations segment, there is greater preference for prewired conduits for quicker, easier and safer installation, especially in markets where labour costs are high. Thus, prewired conduits are expected to witness greater demand. Further, high quality, innovative solutions are expected to boost market growth.
Leading firms are looking to broaden their product portfolios and enhance market shares in the electrical accessories market. For example, in 2019, The Wienerberger Group acquired Reddy S.A., the Belgian specialist supplier of electrical accessories. The acquisition enlarged Wienerberger’s product portfolio in the electrical accessories business, and enabled the company to provide whole system solutions (including empty conduits, prewired electro conduits and installation boxes and accessories) for buildings. In 2017, Wienerberger AG announced the acquisition of the Preflex Group, a leading provider of prewired conduits, from Indufin Capital Partners. Preflex manufactured prewired flexible conduits for electrical installations with low-voltage cables as well as data cables, signaling cables, control cables, and fire alarm cables. The group operated two sites located in Ninove, Belgium and Ledignan, France, with a total capacity of up to 100,000 km of prewired conduits per year.
In 2021, Atkore Inc. announced the acquisition of the assets of Four Star Industries, a manufacturer of ½” – 6” High Density Polyethylene (HDPE) conduit, primarily serving the telecommunications, utility, infrastructure and datacom markets. The acquisition significantly expanded Atkore’s product portfolio and enabled the company to serve growing markets such as broadband and renewable energy.
In 2021, Atkore announced the acquisition of Sasco Tubes & Roll Forming Inc., a Canadian company engaged in the manufacture of metal framing and associated products, serving the mechanical, solar, electrical, and construction industries.
Key Findings of the Report:
Market Analysis by Material, End-user, Type and Region:
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