About Electrical Conduit Pipe
An electrical conduit may be a tube used to ensure and route electrical wiring in a building. It may be made of metal, plastic, fiber, or fired clay. Most conduits are inflexible, but flexible conduit is used for some purposes. Conduit is generally installed by electricians at the site of installation of electrical equipment. Its use, shape, and installation details are regularly indicated by wiring regulations. Conduits are erosion safe, water proof, don't support combustion, and are fire resistant. Frequent wiring changes are made less complex and safer by the use of electrical conduit, as existing conductors can be withdrawn and new conductors be installed, with small disruption along the path of the conduit. Some sorts of conduit are approved for direct encasement in concrete. This is often used in commercial buildings to permit electrical and communication outlets to be installed within the middle of large open zones.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 8.3% |
The companies are exploring the market by adopting expansions, investments, and new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electrical Conduit Pipe market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Queen city plastics inc. (United States), Aliaxis Group S.A. (Belgium), Sekisui Chemical Co., Ltd. (Japan), Wienerberger AG (Austria), National Pipe & Plastics Inc. (United States), Cantex Inc. (United States), Atkore International Group Inc. (United States), Orbia Advance Corporation (Mexico), Astral Polytechnik Limited (India), China Lesso Group Holdings Ltd. (China), JM Eagle, Inc. (United States) and Nan Ya Plastics Corp. (Taiwan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are D.P. Jindal Group (India), Pipelife International GmbH (Austria), Zekelman Industries Inc., OPW Corporation, Premier Conduit Inc., International Metal Hose Company and Sanco Industries Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Electrical Conduit Pipe market by Type (Rigid Conduit Pipes and Flexible Conduit Pipes (Flexible Metallic Conduit, Liquid-Tight Flexible Metal Conduit, Flexible Metallic Tubing Conduit, Liquid-Tight Flexible Non-Metallic Conduit)), Application (Electrical Wire Cables and IT & Telecommunication) and Region.
On the basis of geography, the market of Electrical Conduit Pipe has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End Users, the sub-segment i.e. Residential will boost the Electrical Conduit Pipe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Electrical Conduit Pipe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Plastic Pipes will boost the Electrical Conduit Pipe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Substantial Changes in the Industrial Sector is Also Expected to Trigger the Development
Market Growth Drivers:
Schemes toward Improvement of Residential and Commercial Facilities, Increase in Residential and Commercial Projects, Rapid Urbanization and Increasing Safety Measures and Upgrade of Traditional Gas Pipe
Challenges:
Stiff Competition Among the Major Players
Restraints:
Less Esthetically Appealing as Compared to the Concealed Wiring System, Higher Cost of Installation and Availability of Substitute
Opportunities:
Developing Countries Present Huge Opportunity because of Increasing Investments in New Infrastructures in those Countries
Market Leaders and their expansionary development strategies
On December 12, 2023, Electri-Flex Company, a manufacturer of electrical conduit and fittings, launched its new line of EnviroGuard® Non-Metallic Liquidtight Conduit. This conduit is designed for use in harsh environments and is resistant to chemicals, oils, and corrosion.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Electrical Conduit Pipe Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.