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Industrial Electrical Conduit Market Trends

Report ID: GMI8317
Published Date: Feb 2024
Report Format: PDF

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Industrial Electrical Conduit Market Trends

The industrial electrical conduit industry is marked by trends favoring sustainable materials, driven by environmental concerns and regulations. For instance, the European Union in 2023 introduced the EN 50626-2, which specifies requirements and tests for conduit systems buried underground. Lightweight and flexible electrical conduit solutions are increasingly sought after for their adaptability in retrofitting and tight spaces. Technological advancements, including smart features for monitoring, enhance efficiency. Modular and customizable conduit systems are gaining popularity for their ability to meet diverse industrial needs while simplifying installation and maintenance processes.

Authors: Ankit Gupta , Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of industrial electrical conduit was reached USD 2.1 billion in 2023 and is projected to record more than 7.5% CAGR through 2032, driven by increasing investments in infrastructure development and stringent regulations promoting workplace safety.

Non-metal conduits segment exhibited notable demand and is estimated to achieve about 7.5% CAGR through 2032, as they comply with evolving environmental regulations and are cost-effective alternatives to traditional metal conduits.

Asia Pacific market for industrial electrical conduit is experiencing robust growth and is poised to reach over USD 2 billion by 2032, on account of the rapid industrialization, urbanization, and infrastructural development across the region.

ABB, Anamet Electrical, Inc., ASTRAL Limited, Atkore, Austro Pipes, CANTEX INC., Champion Fiberglass, Inc., Electri-Flex Company, Guangdong Ctube Industry Co., Ltd., HellermannTyton, Hubbell, and Legrand.