Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2023
Companies covered: 14
Tables & Figures: 10
Countries covered: 22
Pages: 70
Download Free PDF
Intermediate Metal Conduit Market
Get a free sample of this report
Get a free sample of this report Intermediate Metal Conduit Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Intermediate Metal Conduit Market Size
The global intermediate metal conduit market size was valued at USD 789.7 million in 2023 and is expected to grow at a CAGR of 6.9% from 2024 to 2032. The greater use of intermediate metal conduits (IMCs) is driven by the global infrastructure upgradation, urbanization and industrialization, which in turn influence the growth of the IMC market. The industry is fostered by the increasing need for efficient electricals safety systems among commercial, residential and industrial sectors, as IMCs are more cost effective than rigid metal conduits. The national standards set for fire and electrical safety also complement the product demand.
Other drivers include the upgrading power distribution networks as well as the increasing requirement for installation of wiring in difficult places. These are in addition to the large-scale investment in renewable energy projects, data centers, and other innovative technologies such as smart grids, which also raise the IMC deployment, particularly in areas where the electrical grid is being improved and safety standards are tight.
Intermediate Metal Conduit Market Trends
The intermediate metal conduit industry is experiencing significant trends, including the increasing preference for lighter and more economical options in construction and industrial works. The utilization of intermediate metal conduits in the electrical systems of commercial and domestic buildings is on the rise due to its strength and low cost relative to rigid metal conduits.
There is a growing application of IMC in renewable energy projects, data centers, and smart city construction because of its reliability and corrosion resistance. For instance, the demand for IMC is increasing because the Department of Energy reported a 20% increase in PV installations in 2023, which would require efficient cabling and safety measures. Manufacturers are also compelled to improve their sustainability efforts and design coatings and materials that are less harmful to the environment. Also, the improvement of building construction techniques and the expansion of prefabrication construction systems have further encouraged the use of IMC in modular building designs for easier, faster, and more efficient construction processes.
Intermediate Metal Conduit Market Analysis
The energy sector is witnessing a rapid increase in IMC use with expected uptake to push market value above USD 500 million by 2032. This rise results primarily from the growth of renewable energy projects, the modernization of power grids, and increasing spending on oil and gas infrastructure development. Because IMC is inherently resistant to corrosion and is very durable, it makes it ideal for energy sector applications that are demanding. Furthermore, the growing need for increased protection and safety within renewable energy projects, such as concealing for wind and solar farms, further increases the demand for IMC within the sector.
The market for intermediate metal fittings (IMC) for trade sizes between 2 ½ to 3 inches is growing significantly and is expected to grow at a CAGR of over 6% through 2032. This growth is propelled by the increasing usage of heavy electrical conduits in manufacturing, large-scale construction works and energy infrastructure. IMCs are preferred for large scale wiring installations because they are strong, corrosion resistant and cost-effective. Furthermore, the mounting investment in renewable energy projects coupled with the expanding power distribution networks increase the requirement for these bigger trade-size conduits which enable powerful electrical systems to operate in harsh conditions.
Asia Pacific intermediate metal conduit market is expected to surpass USD 700 million by 2032 spurred by robust industrialization, urbanization, and infrastructural development. The electric power demand in major construction and energy infrastructure projects accelerates the integration of IMC. Furthermore, the growing focus on renewable energy projects, smart cities, and modernizing the power grid is increasing the demand for IMC. It's cost effectiveness relative to rigid metal conduits and superior wiring protection in harsh environment also boosts IMC’s usage in commercial and industrial energy sectors in Asia Pacific region.
The U.S. intermediate metal conduit market is fed by the growing infrastructure development, increasing industrial base, and stricter safety policies. The increasing construction and industrial wiring needs for economical and durable IMC solutions drives its growth. In addition, construction technology and renewable energy projects expansion facilitate further growth in the market.
Intermediate Metal Conduit Market Share
Based on the wide spectrum of its offerings and advancement in conduit technology, Atkore International has a strong share of the intermediate metal conduit (IMC) pipe market. The company has a solid foothold in the U.S. and overseas, which is further strengthened by the growing need for efficient and inexpensive electrical systems in the industrial and commercial sectors,
Intermediate Metal Conduit Market Companies
Some of the key players operating across the intermediate metal conduit industry are:
Intermediate Metal Conduit Industry News:
This intermediate metal conduit market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Trade Size
Market, By Application
Market, By End Use
The above information has been provided for the following regions and countries: