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Electrical Conduit Market on Track for Strong Growth, Estimated to Grow at 6.7% CAGR Through 2029
Electrical Conduit Market
What Is the Expected CAGR for the Electrical Conduit Market Through 2025?
The market size of the electrical conduit has seen substantial growth in the recent past. A projected increase from $7.25 billion in 2024 to $7.64 billion in 2025 signifies a compound annual growth rate (CAGR) of 5.4%. The expansion during the historical timespan is linked to enhanced construction and building activities, extensive deployment of electrical wiring and cables, industrial and commercial growth, rising needs for safety measures in electrical wiring, and expedited urbanization and infrastructure growth.
What's the Projected Size of the Global Electrical Conduit Market by 2029?
Expectations are high for substantial growth in the electrical conduit market in the coming years, with the market predicted to reach $9.92 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 6.7%. The projected growth during this forecast period can be ascribed to infrastructural improvements and maintenance activities, growth of sustainable energy projects, heightened need for fiber optic conduits, modernization of electrical infrastructure and smart grid, expansion into global markets and emergent market development, and the heightening expansion of data centers and IT infrastructure. Noteworthy trends for this forecast period encompass the integration of smart buildings, environmentally-friendly and sustainable conduits, technological progression in conduit materials, innovative development in advanced conduit materials, and the launch of flexible and rigid conduit solutions.
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Top Growth Drivers in the Electrical Conduit Industry: What's Accelerating the Market?
The anticipated surge in electricity or power generation need is projected to propel the electrical conduit market. This surge is attributed to the fast-paced industrialization and urbanization, resulting in an increased requirement for electrical conduits. In fact, the International Energy Agency, an intergovernmental organization based in France, predicted in July 2024 that the global electricity demand would elevate about 4% in 2024, a rise from 2.5% in 2023. Consequently, the heightened demand for electric power generation is likely to stimulate the growth of the electrical conduit market.
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Which Emerging Trends Are Transforming the Electrical Conduit Market in 2025?
Leading players in the electrical conduit market are shifting their focus towards the creation of novel solutions, such as advanced conduit systems, to augment the longevity, heighten safety measures, and cater to the growing demands for proficient electrical infrastructures across commercial and residential applications. These advanced conduit systems denote high-grade electrical conduits, constructed with modern materials and elements to provide improved durability, extraordinary protection for electrical cables, and heightened resistance towards various environmental elements. For instance, in July 2022, Termination Technology Limited, a cable accessories manufacturer based in the UK for the electrical wholesaling industry, introduced its Premflex line which includes a high-quality assortment of conduits and glands, engineered for optimal performance in diverse conditions. This new product line comprises of choices made from Bare Galv, PVC Coated Galv, and LSZH Coated Galv, obtainable in sizes from M16 to M50. The objective of the Premflex line is to respond to the requirements of contractors searching for sturdy, easy to install products, including both fixed and swivel gland options.
What Are the Main Segments in the Electrical Conduit Market?
The electrical conduit market covered in this report is segmented -
1) By Type: Rigid, Flexible
2) By Material: Metallic, Non Metallic
3) By End Use Industry: Building And Construction, Industrial Manufacturing, IT And Telecom, Oil And gas, Energy And Utility, Other End-Users
Subsegments:
1) By Rigid: Rigid Metal Conduit (RMC), Intermediate Metal Conduit (IMC), Rigid PVC Conduit, Galvanized Steel Conduit
2) By Flexible: Flexible Metal Conduit (FMC), Liquid-Tight Flexible Metal Conduit (LFMC), Flexible Non-Metallic Conduit (FNMC), Liquid-Tight Flexible Non-Metallic Conduit (LFNC)
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Which Top Companies are Driving Growth in the Electrical Conduit Market?
Major companies operating in the electrical conduit market include ABB Ltd., Atkore International Group Inc., Cantex Inc., Champion Fiberglass Inc., China Lesso Group Holdings Ltd., Dura-Line Corporation, HellermannTyton Group PLC., Hubbell Incorporated, Legrand, Alary & Joquel Company., Nan Ya Plastics Corporation, Robroy Industries Inc., Schneider Electric SE, Sekisui Chemical Co., Thomas and Betts Corporation, Zekelman Industries Inc., AFC Cable Systems, Anamet Electrical Inc., Astral Poly Technik Ltd., Calpipe Industries Incorporated, D.P. Jindal Group, Eaton Corporation PLC., Electri-Flex Company, igus inc., International Metal Hose Company, JM Eagle Inc., Flex-It Co. Inc., Graybar Electric Company Inc., HellermannTyton Ltd., IPEX USA LLC, Kaf-Tech Inc., National Pipe & Plastics Inc., Ocal Ltd.
Which Regions Will Dominate the Electrical Conduit Market Through 2029?
Asia-Pacific was the largest region in the electrical conduit market in 2024. Asia-Pacific is expected to be the fastest growing market in the electric conduit market during the forecast period. The regions covered in the electrical conduit market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Global Electrical Conduit Market: Overview
Electrical conduit is sturdy tubing or other sort of walled in area used to ensure and give a course to electrical wiring. Conduit is normally required where wiring would be uncovered or where it may be liable to harm. A conduit can be made of metal or plastic and might be inflexible or adaptable.
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