Industrial Metal Electrical Conduit Market
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The global industrial metal electrical conduit market size was valued at USD 671 million in 2023 and is set to register at a CAGR of over 6.4% from 2024 to 2032. This increase is caused by the higher investments in industrial facilities, enhanced concern for safety standards at the workplace, and compliance requirements regarding the use of long-lasting, flame-retardant materials in wiring systems. For instance, the U.S. Department of Labor has paid greater attention to enhanced workplace safety which has changed the wiring practices of the industry towards lower risk options.
Furthermore, the deployment of IoT and automation technologies across industry sectors has also increased the need for these high-grade electrical conduits. Increased manufacturing activities in the emerging economies are accompanied by increased electricity consumption and greater demand for reliable and secure wiring within difficult environmental conditions. Furthermore, oil and gas, chemicals, construction, and other industries create a strong need for electrical solutions thus fuelling the growth of the market.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Industrial Metal Electrical Conduit Market size in 2023: | USD 671 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2023 - 2032 CAGR: | 6.4 |
| 2023 Value Projection: | USD 1.19 Billion |
| Historical Data for: | 2021-2023 |
| No of Pages: | 120 |
| Tables, Charts & Figures: | 10 |
| Segments Covered: | Trade Size, Configuration |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The industrial metal electrical conduit industry is witnessing significant trends driven by rising industrialization, urbanization, and stringent safety regulations. There is a rising adoption of industrial metals by sectors including oil and gas, chemicals, and manufacturing due to the strong requirement for robust and fire-resistant electric systems. The Department of Energy in U.S. alluded a yearly growth of 1.2% in energy consumed in the manufacturing sector, which further indicates the need for dependable electric systems.
Additionally, development of technologies such as automation and smart factories is increasing the need for stronger wiring systems with better performance. There is also increased focus on developing metal materials that are more environmentally friendly. Growth in infrastructure within emerging markets, and investments in renewable energy projects are also expected to increase the market’s growth. Furthermore, the introduction of flexible conduit designs and coatings that are resistant to corrosion broadens the scope for use in more difficult settings.
The market for 2 ½ to 3 trade-sized industrial metal electrical conduits is expected to exceed USD 290 million by 2032. This development is attributed to the increasing funding of industrial development, stringent safety requirements, and the demand for reliable fireproof electrical systems. Expanding industries of oil & gas, manufacturing, and construction are raising the need for durable trade sized conduits, which provide extensive protection of the wiring in harsher conditions. In addition, the increase adoption of automation coupled with smart technologies fuels the demand for these electrical conduits. Developing renewable sources of energy and infrastructure, especially in the developing countries, add on to the demand for these conduits.
The industrial metal electrical conduit market for intermediate metal configurations is projected to grow at a CAGR of over 6.5% through 2032. This growth is primarily due to the innumerable benefits intermediate metal conduits possess over other options, including their light weight, resistance to corrosion, and simple installation requirements. In addition to using heavy IMCs for electrical wiring, these conduits offer excellent protection in rough industrial and commercial locations and are immensely cost effective while adhering to safety regulations. Furthermore, there is a rise in demand for these conduits with the development of new infrastructure and the need for stronger electrical systems within industries such as manufacturing and construction.
The Asia-Pacific industrial metal electrical conduit market is likely to surpass USD 570 million by 2032, due to the rapid industrialization and urbanization of the region. The durable and fire-resistant electric systems are in high demand as there is a shift towards investing in infrastructure especially in emerging economies including China, India, and Southeast Asia. The National Bureau of Statistics of China estimates the country's infrastructure expenditure reached USD 1.5 trillion in 2023.
Furthermore, there has been an increase in the use of metal conduits because of greater safety and protection as the oil, gas and construction industries grow, and there is a boom in manufacturing. In addition, as the installation of renewable energy in the region is growing rapidly, strong attention on work safety and tight regulations will help to boost the market.
The U.S. industrial metal electrical conduit market is driven chiefly by increased infrastructure spending, rising manufacturing activities, and rigorous safety legislation. The seeking of robust, fire-resistant electrical systems in the oil & gas, construction, and industrial automation sectors is also propelling this market. In addition, the growing use of smart technologies and adoption of renewable energy projects will increase the demand for metal conduits throughout the country.
Schneider Electric holds a substantial share in the industrial metal conduits industry owing to its cutting-edge technologies and focus on safety and sustainable development. The company’s product portfolio includes robust, fire-resistant conduits and a variety of other products needed by the manufacturing, oil & gas and construction industries. Schneider’s investment into development of intelligent technologies and energy efficient devices only augments his position in this growing market.
Some of the key players operating across the industrial metal electrical conduit industry are:
Market, By Trade Size
Market, By Configuration
The above information has been provided for the following regions and countries:
Flexa GMbH, Gibson Stainless & Specialty Inc., HellermannTyton, legrand, Nucor Tubular Products, and Schneider Electric, among others.
The 2
The Asia-Pacific market is set to exceed USD 570 million by 2032, spurred by swift industrialization and urbanization.
The market size for industrial metal electrical conduit was valued at USD 671 million in 2023 and will show a 6.4% CAGR from 2024 to 2032 driven by heightened investments in industrial infrastructure and an increasing focus on workplace safety.