Utility Electrical Conduit Market
Utility Electrical Conduit Market Forecasts to 2030 - Global Analysis By Material Type (Metal Conduit and Non-Metallic Conduit), By Trade Size (Up to 1 Inch, 1 - to 2 Inch, 2 - to 3 Inch, 3 to 4 Inch and 5 to 6 Inches and Above), Voltage Rating, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $2.5 BN |
|
Projected Year Value (2030) |
US $4.7 BN |
|
CAGR (2023-2030) |
9.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Utility Electrical Conduit Market is accounted for $2.5 billion in 2023 and is expected to reach $4.7 billion by 2030 growing at a CAGR of 9.5% during the forecast period. Utility electrical conduit is a protective piping system used to contain and route electrical wiring in various utility applications. Typically made of materials such as PVC, steel, or aluminum, it safeguards electrical cables from damage caused by environmental factors like moisture, debris, and physical impact. Utility electrical conduit ensures safety, organization, and longevity of electrical installations in outdoor and industrial settings.
According to the International Energy Agency, In 2020, global energy investment totaled around $1.6 trillion, with the largest shares going to electricity networks, renewable energy, and fossil fuel supply.
Market Dynamics:
Driver:
Growing demand for electricity infrastructure and utility projects
As rising urbanization and industrialization continue to expand globally, there is an increasing need for reliable electrical distribution systems to power residential, commercial, and industrial establishments. This demand fuels the requirement for utility electrical conduits, which provide a protective pathway for wiring and cables, ensuring safety and efficiency in electrical installations. Consequently, manufacturers witness heightened demand, driving growth in the utility electrical conduit sector.
Restraint:
Regulatory challenges and compliance requirements in different regions
Different regions often have varying standards and regulations governing the installation and use of electrical conduits, leading to complexities for manufacturers and suppliers. Compliance with these regulations adds to the overall cost and time involved in product development and distribution. Moreover, navigating through diverse regulatory landscapes can be challenging for companies operating across multiple jurisdictions, potentially limiting market penetration.
Opportunity:
Integration of IoT and digitalization in electrical conduit systems
By incorporating IoT sensors and digital technologies into conduit systems, utilities can enhance the monitoring, control, and maintenance of electrical infrastructure. This enables real-time data collection on factors like temperature, humidity, and current flow, facilitating predictive maintenance and minimizing downtime. Moreover, digitalization allows for remote monitoring and management, improving operational efficiency and reducing costs. Overall, this integration enhances the reliability, performance, and sustainability of utility electrical conduit systems, driving market growth.
Threat:
Limited adoption in rural or remote areas
Limited adoption in rural or remote areas poses a significant threat to the utility electrical conduit market. These regions often lack proper infrastructure and resources, making it challenging to install and maintain electrical conduit systems. Additionally, the cost of extending utility networks to remote areas can be prohibitive. As a result, suppliers may face reduced demand and revenue potential in these areas, impacting their overall market growth.
Covid-19 Impact:
The COVID-19 pandemic has impacted the utility electrical conduit market by disrupting supply chains, delaying construction projects, and reducing demand for infrastructure development. Lockdown measures and economic uncertainties have led to project cancellations or postponements, affecting the adoption of electrical conduit systems. However, the market is expected to recover as construction activities resume and governments prioritize infrastructure investment for economic recovery and resilience.
The metal conduit segment is expected to be the largest during the forecast period
The metal conduit segment is projected to dominate the utility electrical conduit market during the forecast period. Metal conduits, such as steel and aluminum, offer superior durability, fire resistance, and mechanical protection compared to other materials. They are widely used in utility applications where robustness and reliability are essential, particularly in harsh environments. Additionally, metal conduits often meet stringent regulatory standards, further driving their adoption in utility infrastructure projects.
The 2 ½ to 3 inch segment is expected to have the highest CAGR during the forecast period
The 2 ½ to 3 inch segment is projected to experience the highest compound annual growth rate in the utility electrical conduit market during the forecast period. This growth is attributed to increased demand for larger conduit sizes in utility infrastructure projects, such as transmission and distribution networks. These sizes accommodate the installation of multiple cables and support the growing need for power transmission and distribution, particularly in urban and industrial areas undergoing expansion and modernization.
Region with largest share:
The Asia Pacific region is positioned to lead the utility electrical conduit market due to rapid industrialization, urbanization, and infrastructural development initiatives. Countries like China, India, and Southeast Asian nations are experiencing robust growth in utility projects, driven by rising electricity demand and government investments in infrastructure. Moreover, increasing adoption of smart grid technologies and renewable energy projects further fuels the demand for electrical conduits in the region, solidifying its dominance in the market.
Region with highest CAGR:
North America is positioned for substantial growth in the utility electrical conduit market due to the region's robust infrastructure development projects, particularly in the United States and Canada, which are driving demand for electrical conduit systems. Additionally, stringent regulations promoting the adoption of sustainable and resilient infrastructure further stimulate market growth. With increasing investments in utility upgrades, smart grid initiatives, and renewable energy projects, North America presents lucrative opportunities for players in the utility electrical conduit market.
Key players in the market
Some of the key players in Utility Electrical Conduit Market include ABB Group, Anamet Electrical, Inc., ASTRAL Limited, Atkore International, CANTEX INC., Champion Fiberglass, Inc., Dura-Line, Eaton Corporation, Electri-Flex Company, Guangdong Ctube Industry Co., Ltd., HellermannTyton, Hubbell Incorporated, Legrand, Prysmian Group, Schneider Electric, Southwire Company, Tubecon and Zekelman Industries.
Key Developments:
In May 2023, ABB inaugurated a new distribution center in Pennsylvania, USA, with an investment of USD 4 million. This center caters to the electrical needs of the northeastern region, aiming to meet the increasing demand for reliable electrical products. With an extensive inventory valued at USD 15 million, the facility enhances ABB's presence in the Northeast and improves customer accessibility by enabling swift responses to end-user requirements.
In November 2022, Atkore finalized the acquisition of assets from Elite Polymer Solutions, a leading manufacturer of High-Density Polyethylene (HDPE) conduits, for USD 91.6 million. This strategic acquisition is set to enhance Atkore's HDPE product range, strengthening its market position. Furthermore, the move will broaden the company's geographic footprint nationally and unlock new prospects for its products across utility, telecommunication, and transportation sectors.
In August 2022, Atkore Inc. announced the acquisitions of two separate but related Oregon-based companies doing business as Cascade Poly Pipe & Conduit (“Cascade”) and Northwest Polymers. Cascade is a manufacturer specializing in smooth wall HDPE conduit made from recycled materials, primarily serving the telecommunications, utility and datacom markets and Northwest Polymers is a leading recycler of PVC, HDPE and other plastics and a strategic supply partner to Cascade and other manufacturers in the region.
Material Types Covered:
• Metal Conduit
• Non-Metallic Conduit
Trade Sizes Covered:
• Up to 1 Inch
• 1 ¼ to 2 Inch
• 2 ½ to 3 Inch
• 3 to 4 Inch
• 5 to 6 Inches and Above
Voltage Ratings Covered:
• Low Voltage Conduit (Up to 1 kV)
• Medium Voltage Conduit (1 kV to 35 kV)
• High Voltage Conduit (Above 35 kV)
Applications Covered:
• Communication Cabling
• Overhead Conduit Systems
• Power Distribution
• Power Transmission
• Other Applications
End Users Covered:
• Residential
• Commercial
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Utility Electrical Conduit Market, By Material Type
5.1 Introduction
5.2 Metal Conduit
5.2.1 Rigid Conduit
5.2.1.1 Steel
5.2.1.2 Intermediate Metal Conduit (IMC)
5.2.1.3 Electrical Metallic Tubing (EMT)
5.2.2 Aluminum Conduit
5.3 Non-Metallic Conduit
5.3.1 Polyvinyl Chloride (PVC) Conduit
5.3.2 High-Density Polyethylene (HDPE) Conduit
5.3.3 Glass-Fiber Reinforced Plastic (GFRP) Conduit
5.3.4 Other Non-Metallic Conduits
6 Global Utility Electrical Conduit Market, By Trade Size
6.1 Introduction
6.2 Up to 1 Inch
6.3 1 ¼ to 2 Inch
6.4 2 ½ to 3 Inch
6.5 3 to 4 Inch
6.6 5 to 6 Inches and Above
7 Global Utility Electrical Conduit Market, By Voltage Rating
7.1 Introduction
7.2 Low Voltage Conduit (Up to 1 kV)
7.3 Medium Voltage Conduit (1 kV to 35 kV)
7.4 High Voltage Conduit (Above 35 kV)
8 Global Utility Electrical Conduit Market, By Application
8.1 Introduction
8.2 Communication Cabling
8.3 Overhead Conduit Systems
8.4 Power Distribution
8.5 Power Transmission
8.6 Other Applications
9 Global Utility Electrical Conduit Market, By End User
9.1 Introduction
9.2 Residential
9.3 Commercial
9.4 Industrial
10 Global Utility Electrical Conduit Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 ABB Group
12.2 Anamet Electrical, Inc.
12.3 ASTRAL Limited
12.4 Atkore International
12.5 CANTEX INC.
12.6 Champion Fiberglass, Inc.
12.7 Dura-Line
12.8 Eaton Corporation
12.9 Electri-Flex Company
12.10 Guangdong Ctube Industry Co., Ltd.
12.11 HellermannTyton
12.12 Hubbell Incorporated
12.13 Legrand
12.14 Prysmian Group
12.15 Schneider Electric
12.16 Southwire Company
12.17 Tubecon
12.18 Zekelman Industries
List of Tables
1 Global Utility Electrical Conduit Market Outlook, By Region (2021-2030) ($MN)
2 Global Utility Electrical Conduit Market Outlook, By Material Type (2021-2030) ($MN)
3 Global Utility Electrical Conduit Market Outlook, By Metal Conduit (2021-2030) ($MN)
4 Global Utility Electrical Conduit Market Outlook, By Rigid Conduit (2021-2030) ($MN)
5 Global Utility Electrical Conduit Market Outlook, By Aluminum Conduit (2021-2030) ($MN)
6 Global Utility Electrical Conduit Market Outlook, By Non-Metallic Conduit (2021-2030) ($MN)
7 Global Utility Electrical Conduit Market Outlook, By Polyvinyl Chloride (PVC) Conduit (2021-2030) ($MN)
8 Global Utility Electrical Conduit Market Outlook, By High-Density Polyethylene (HDPE) Conduit (2021-2030) ($MN)
9 Global Utility Electrical Conduit Market Outlook, By Glass-Fiber Reinforced Plastic (GFRP) Conduit (2021-2030) ($MN)
10 Global Utility Electrical Conduit Market Outlook, By Other Non-Metallic Conduits (2021-2030) ($MN)
11 Global Utility Electrical Conduit Market Outlook, By Trade Size (2021-2030) ($MN)
12 Global Utility Electrical Conduit Market Outlook, By Up to 1 Inch (2021-2030) ($MN)
13 Global Utility Electrical Conduit Market Outlook, By 1 ¼ to 2 Inch (2021-2030) ($MN)
14 Global Utility Electrical Conduit Market Outlook, By 2 ½ to 3 Inch (2021-2030) ($MN)
15 Global Utility Electrical Conduit Market Outlook, By 3 to 4 Inch (2021-2030) ($MN)
16 Global Utility Electrical Conduit Market Outlook, By 5 to 6 Inches and Above (2021-2030) ($MN)
17 Global Utility Electrical Conduit Market Outlook, By Voltage Rating (2021-2030) ($MN)
18 Global Utility Electrical Conduit Market Outlook, By Low Voltage Conduit (Up to 1 kV) (2021-2030) ($MN)
19 Global Utility Electrical Conduit Market Outlook, By Medium Voltage Conduit (1 kV to 35 kV) (2021-2030) ($MN)
20 Global Utility Electrical Conduit Market Outlook, By High Voltage Conduit (Above 35 kV) (2021-2030) ($MN)
21 Global Utility Electrical Conduit Market Outlook, By Application (2021-2030) ($MN)
22 Global Utility Electrical Conduit Market Outlook, By Communication Cabling (2021-2030) ($MN)
23 Global Utility Electrical Conduit Market Outlook, By Overhead Conduit Systems (2021-2030) ($MN)
24 Global Utility Electrical Conduit Market Outlook, By Power Distribution (2021-2030) ($MN)
25 Global Utility Electrical Conduit Market Outlook, By Power Transmission (2021-2030) ($MN)
26 Global Utility Electrical Conduit Market Outlook, By Other Applications (2021-2030) ($MN)
27 Global Utility Electrical Conduit Market Outlook, By End User (2021-2030) ($MN)
28 Global Utility Electrical Conduit Market Outlook, By Residential (2021-2030) ($MN)
29 Global Utility Electrical Conduit Market Outlook, By Commercial (2021-2030) ($MN)
30 Global Utility Electrical Conduit Market Outlook, By Industrial (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
