Electrical Conduit Market Net Worth US$ 10.26 Billion By 2028| Atkore International Group Inc, Hubbell Incorporated, Legrand S.A

Market Overview:
Electrical Conduit Market size is projected to reach USD 10.26 Billion by 2028 from an estimated USD 5.95 Billion in 2021, growing at a CAGR of 8.1% globally.

Today, all industries have a basic need for constant electricity. Safe and dependable electrical supply are required to meet demand. Electric supply is protected and routed to the desired location with the use of electrical conduits. The market for electrical conduits has grown mostly due to safety concerns. The use of electrical conduits is expanding in new residential and commercial structures like malls, theatres, hospitals, etc. More installations have been attracted by the variety of alternatives available when selecting the material to be utilized for conduits. Governments in developing nations take on rural electrification initiatives, and the adoption of new energy sources like solar and wind has seen the emergence of new grids.

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Market Dynamics:
Driver:
The market for electric conduit is anticipated to be driven by the increase in demand for energy or power production. The accelerated speed of industrialization and urbanization, which increases the demand for power generation, necessitates the usage of electrical conduits. The recent IEA (International Energy Agency) research predicts a 5% increase in electricity demand in 2021. Another example: The Canadian Upstream Oil & Natural Gas Industry estimates that by 2040, electricity generation will have increased by 49% due to the projected two billion rises in global population over the following twenty years. As a result, it is anticipated that the market for electric conduit will expand due to the rising demand for electric power generation.

Opportunities:
A key trend that is becoming more and more popular in the electric conduit market is technological advancement. Businesses in the market for electric conduit are constantly putting an emphasis on innovations for conduit systems that are better and safer.

Segmentation Analysis of Electrical Conduit Market:
By Type, Flexible conduit is the dominating segment in the electrical conduit market. This flexible electric conduit is lightweight, generally much less pricey than different options, and versatile & clean to install. Flexible electric conduit is a lot less difficult to paintings with than inflexible steel or plastic conduit.

By Material, the Non-Metallic segment is dominating the electric conduit market globally. A nonmetallic conduit is a Widley used conduit that comes in both rigid and flexible conduit. Non-Metallic conduit provides higher resistance to corrosion and great protection from moisture ingress. The non-Metallic conduit includes PVC, PP, HDPE, and other various materials.

By End-Use Application, Building and construction are the dominating segments in the electric conduit market. Electric conduit is generally used in the building where large web electrical wires travel throughout the building. Electric conduit is used to organize and keep it in single tube channeling to each part of the building creating as smart and safe management of electrical wire.

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By Type
• Rigid
• Flexible

By Material
• Metallic
• Non-Metallic

By End User
• Building & Construction
• Industrial Manufacturing
• IT & Telecommunication
• Oil & Gas
• Energy & Utility
• Others

Regional Analysis of Electrical Conduit Market:
The Asia Pacific is the dominating region in the electronic conduit market. The Asia Pacific led the electric conduit market accounting for a percentage of 37.8% in 2020. Emerging economies in the Asia Pacific are predicted to have tremendous potential for electric conduits because rapid growth in developing enterprises led via way of means of the speedy monetary improvement and authorities projects in infrastructural developments. In addition, the growing population in the Asia Pacific created a larger customer base with higher purchase power in the domestic and commercial segments.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Electrical Conduit Market are:
• Atkore International Group Inc
• Hubbell Incorporated
• Legrand S.A
• Schneider Electric SE Ltd
• Aliaxis Group S.A
• Sekisui Chemical Co Ltd
• Wienerberger AG
• National Pipe & Plastics Inc
• Cantex Inc
• Orbia Advance Corporation
• Astral Polytechnik Limited
• China Lesso Group Holdings Ltd
• JM Eagle Inc
• Nan Ya Plastics Corp
• D.P. Jindal Group
• Pipelife International GmbH
• Zekelman Industries Inc
• OPW Corporation
• Premier Conduit Inc
• International Metal Hose Company
• Sanco Industries Ltd. and other major players.

Key Industry Developments In Electrical Conduit Market
In February 2021, Atkore International Group Inc. took over FRE Composites Group which is the main producer of fiberglass conduit answers for the electric, transportation, telecommunication, and infrastructure markets. This acquisition helped Atkore International to widen its electrical conduit product portfolio.

In October 2020, Atkore International Group Inc. acquired the assets of Queen City Plastics Inc. which is a manufacturer of PVC conduit, elbows, and fittings for the electric market. Queen City Plastics Inc has a stronghold in the southeast and mid-Atlantic region of the United States. This acquisition strengthened Atkore's current product portfolio and enabled a wide client base in the United States.

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Table of content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Material
 3.3 By End-Use Application
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 4: Electrical Conduit Market by Type
 4.1 Electrical Conduit Market Overview Snapshot and Growth Engine
 4.2 Electrical Conduit Market Overview
 4.3 Rigid
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Rigid: Grographic Segmentation
 4.4 Flexible
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Flexible: Grographic Segmentation
Continue ……

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