Metal Electrical Conduit Market - By Trade Size (½ to 1, 1 ¼ to 2, 2 ½ to 3, 3 to 4, 5 to 6), By Configuration (Rigid Metal, Galvanized Rigid, Electrical Metal Tubing), By Application (Manufacturing facilities, Process plants, Energy), & Forecast, 2024 – 2032

Metal Electrical Conduit Market Size

Metal Electrical Conduit Market size valued at USD 3.1 billion in 2023 and is anticipated to grow at over 6.5% CAGR from 2024 to 2032. Driven by growing apprehensions pertaining to electrical supply issues, fire dangers, health hazards, and operational safety.
 

The global market for electrical conduits is set to cross USD 19.5 billion by 2032. Emerging economies are actively engaged in enhancing their electrical infrastructure and modernizing current networks, which creates a conducive business environment. Additionally, companies within the industry are consistently improving their product portfolios and pursuing mergers and acquisitions to bolster their market position. These factors collectively contribute to a favorable outlook for the metal electrical conduit market.
 

Metal electrical conduits are a type of electrical piping system which are utilized for protecting and routing electrical wires and cables. These are usually made of metal materials including steel and aluminum. These conduits provide a rigid and secure enclosure for electrical wiring, which further offers mechanical protection and shielding against moisture, impact, or fire hazards. Metal electrical conduits are developed in a wide range of sizes and types, which include rigid conduits and conduit fittings. These conduit units are selected on the basis of factors including application, installation prerequisites, and the desired level of protection for the electrical wiring.
 

In recent years, the metal electrical conduit market has experienced significant growth, owing to the increasing concerns related to electrical supply faults and fire hazards. As electrical systems become more complex and the demand for reliable power supply rises, there is a growing emphasis on protecting electrical wiring from faults and mitigating fire risks, which boosts the product penetration.
 

Furthermore, metal conduits provide a higher level of safety compared to other types of conduits. They offer excellent shielding against electromagnetic interference (EMI) and provide grounding capabilities, reducing the risk of electrical shock or other health hazards. Industries and organizations are increasingly recognizing the importance of maintaining safe and secure electrical installations, therefore driving the demand for metal conduits.
 

COVID-19 Impact

The metal electrical conduit market has been significantly impacted by the COVID-19 pandemic. Global supply chains have been disrupted, leading to production and distribution challenges for electrical conduit materials and components. Restrictions on manufacturing, transportation, and logistics have resulted in delays and shortages of raw materials and finished products. The construction industry, a major consumer of electrical conduit, has been heavily affected. Lockdowns, social distancing measures, and financial uncertainties have led to the delay, postponement, or cancellation of construction projects, reducing the demand for metal electrical conduit.
 

Some construction projects have redirected their resources to address immediate health and safety concerns related to the pandemic, prioritizing measures to prevent the spread of COVID-19. Additionally, the ongoing surge in electricity demand from the residential sector has created a need for efficient wiring and cables across infrastructure projects, which will drive the growth of the metal electrical conduit market.
 

Metal Electrical Conduit Market Trends

The demand for metal electrical conduit systems is propelled by various factors, including the growing emphasis on improving lifestyles and the need for secure and dependable wire and cable management solutions in both residential and industrial sectors. The conduit business further benefits from regulatory reforms and updates that encourage standardized product specifications, benefiting installers & consumers and creating a favorable business environment. Moreover, there is a regional focus on incorporating renewable electricity infrastructure and promoting electrification in remote areas, which contributes to the expansion of the electrical conduit industry.
 

Metal Electrical Conduit Market Analysis

The metal electrical conduit market is segmented into ½ to 1, 1 ¼ to 2, 2 ½ to 3, 3 to 4, 5 to 6, and others based on trade size. The adoption of medium trade size electrical conduits ranging from 2 ½ to 3 is increasing rapidly, with a substantial market share of around 28% in 2022. The adoption of metal electrical conduits in various applications, along with regulatory preferences and the type of conductors used, has led to the establishment of trade sizes as standard industry protocols. The increasing presence of low-voltage distribution networks in residential and commercial buildings has played a positive role in driving the demand for smaller and medium trade sizes. The flexibility of product configurations and the desire for aesthetically pleasing installations are key factors influencing the deployment of these products.
 

Furthermore, medium trade size conduits have experienced significant growth due to the expansion and renovation of small-scale industrial facilities in developing economies. The migration to suburban areas has also contributed to the expansion of large multi-storey apartments and residential complexes, thereby driving the need for primary and secondary electric distribution networks, and thus augmenting the metal electrical conduit market from medium trade size units.
 

The market is segmented into manufacturing facilities, rail infrastructure, process plants shipbuilding & offshore facilities, and energy amongst others based on applications. Energy sector has been a major driver of the metal electrical conduit industry and if further predicted boost the business landscape at a CAGR of over 5.5% by 2032. The surging demand for electricity, fueled by factors like population growth, urbanization, and industrialization, has generated a pressing need for reliable and effective electrical infrastructure. To meet this demand, electrical conduits have become essential components for safeguarding and directing electrical wires and cables, thereby enhancing the metal electrical conduit market landscape.
 

The increasing focus on renewable energy sources like solar and wind power has also spurred the deployment of new power generation projects. Such projects require the installation of electrical conduits to facilitate the transmission of electricity from renewable sources to the grid or end-users, thus further stimulating business growth. Moreover, the modernization and upgrade of existing energy infrastructure, including power plants, substations, and distribution networks, have significantly contributed to the demand for electrical conduits. As outdated systems are replaced or improved, electrical conduits are deployed to ensure the secure and efficient distribution of electricity, resulting in exponential growth within the electrical conduit market.
 

On the basis of end use, the metal electrical conduit market is segmented in utility, industrial, commercial and residential. Residential sector surpassed USD 900 million in 2022 and is projected cross USD 1.5 billion by 2032. The increasing demand for safe and reliable electrical installations in residential buildings is a significant driver for the widespread adoption of metal electrical conduits in the sector. Homeowners and builders prioritize safety and compliance with electrical codes and regulations, making the installation of electrical conduits crucial for protecting and organizing electrical wiring systems.
 

Additionally, the growing adoption of smart home technologies and home automation systems further contributes to the increased use of electrical conduits in residential settings. These advanced systems require the installation of various electrical components, including conduits, to ensure proper wiring and connectivity throughout the house, enhancing convenience, energy efficiency, and security.
 

Asia Pacific metal electrical conduit market reached USD 1.2 billion in 2022 and is expected to register at a 7.5% CAGR by 2032 owing to the ongoing industrialization and urbanization coupled with rising population across the region. The increasing demand for reliable electrical systems due to infrastructure development and expansion in the Asia Pacific region is driving the adoption of metal electrical conduits. The region is experiencing significant growth in construction activities, fueled by factors like population growth, urban migration, and government initiatives to promote infrastructure development. Such construction projects necessitate extensive electrical installations, including the use of electrical conduits, to ensure safety, efficiency, and compliance with regulations.
 

Furthermore, the rise of e-commerce and the thriving retail sector in the region contribute to the demand for commercial spaces such as shopping malls and retail outlets. Such commercial buildings require extensive electrical systems along with conduit installations to support security systems, HVAC systems, lighting and other electrical applications, therefore propelling the industry growth.
 

Metal Electrical Conduit Market Share

Major participants in the metal electrical conduit market include

• Schneider Electric
• Anamet Electrical, Inc.
• Atkore
• HellermannTyton
• legrand
• Zekelman Industries
• Nucor Tubular Products
• Gibson Stainless & Specialty Inc.
• Weifang East Steel Pipe
• Flexa GMbH
• Techno Flex
• American Conduit

These key players are strategically prioritizing the advancement of their conduit units to provide enhanced and dependable electrical infrastructure. Additionally, these companies are actively pursuing collaborations and supply contracts with wire & cable manufacturers and raw material suppliers to gain a competitive advantage in the industry.

Metal Electrical Conduit Industry News:

• In November 2022, Atkore announced the acquisition of assets of Elite Polymer Solutions, which engages in manufacturing of High Density Polyethylene (HDPE) conduits. The acquisition was completed at a purchase price of USD 91.6 million and is anticipated to strengthen Atkore’s HDPE product portfolio. The accession further enhances the national presence of the company and will boost the company product’s application across utility, telecommunication and transportation industries.
   
• In August 2022, Atkore announced the acquisition of Northwest Polymers and Cascade, which are recycler of PVC and other plastics and manufacturer of conduits respectively. The acquisition will allow Atkore to augment its product offerings, thus gaining a bigger market share.
   

This metal electrical conduit market research report includes an in-depth coverage of the industry with estimates & forecast in terms of USD Million from 2019 to 2032, for the following segments:

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By Trade Size (USD million)

• ½ to 1
• 1 ¼ to 2
• 2 ½ to 3
• 3 to 4
• 5 to 6
• Others

By Configuration (USD million)

• Rigid Metal (RMC)
• Galvanized Rigid (GRC)
• Intermediate Metal (IMC)
• Electrical Metal Tubing (EMT)

By Application (USD million)

• Rail infrastructure
• Manufacturing facilities
• Shipbuilding & offshore facilities
• Process plants
• Energy
• Others

By End Use (USD million)

• Residential
• Commercial
• Industrial
• Utility

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
• Latin America
  • Brazil
  • Argentina