Press Release

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Electrical Conduit Market to Grow at a CAGR of 7.4% During the Period 2022-2027, Driven by Increasing Infrastructure Development Activity

According to a new report by EMR titled, ‘Global Electrical Conduit Market Report and Forecast 2022-2027’, the global electrical conduit market is expected to grow at a CAGR of 7.4% during the period 2022-2027, led by rising demand for energy.

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:

  • Rising demand for energy and growing urbanization and infrastructure development activity are expected to boost the market. 
  • Innovative, prefabricated solutions are likely to contribute to market growth. 
  • North America, Europe and Asia are projected to be key markets.

Market Analysis by Material, End-user, Type and Region:

  • By material, the market is segmented into Non-Metallic [further broken down by type into Polyvinyl Chloride (PVC), Reinforced Thermosetting Resin (RTRC), Rigid Non-Metallic (RNC), and Electrical Non-Metallic Tubing (ENT)] and Metallic [further broken down by type into Rigid Metal Conduit (RMC), Galvanized Rigid Conduit (GRC), Intermediate Metal Conduit (IMC), and Electrical Metal Tubing (EMT)].
  • By end-user, the market is classified into Building and Construction, IT and Telecommunication, Industrial Manufacturing, Oil and Gas, Energy and Utility, and Others.
  • By type, the market is divided into Rigid and Flexible [further broken down by type into Flexible Metallic Conduit (FMC), Liquid-Tight Flexible Metal Conduit (LFMC), Flexible Metallic Tubing Conduit (FMT), and Liquid-Tight Flexible Non-Metallic Conduit (LFNC)].
  • By region, the market is segmented into North America (further broken down by country into United States of America and Canada), Europe (further broken down by country into United Kingdom, Germany, France, Italy and Others), Asia Pacific (further broken down by country into China, Japan, India, ASEAN, Australia, and Others), Latin America (further broken down by country into Brazil, Argentina, Mexico, and Others), and Middle East and Africa (further broken down by country into Saudi Arabia, United Arab Emirates, Nigeria, South Africa, and Others).

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER