Residential Electrical Conduit Market Size - By Trade Size (½ to 1, 1 ¼ to 2, 2 ½ to 3, 3 to 4, 5 to 6), By Classification (Metal, Non–Metal, Flexible, Underground), & Forecast, 2024 – 2032

Residential Electrical Conduit Market Size

Residential Electrical Conduit Market was valued at USD 3.1 billion in 2023 and is likely to attain about 7% CAGR between 2024 and 2032. The increasing demand for smart home technologies and the integration of advanced electrical systems in residential spaces are driving the adoption of electrical conduits to ensure safe and organized wiring. Additionally, stringent building codes and regulations emphasizing electrical safety are prompting homeowners to invest in quality conduit systems.
 

The surge in new construction and housing projects globally, particularly in developing economies, further fuels the demand for residential electrical conduits. Moreover, the rising awareness regarding energy efficiency and sustainable construction practices is leading to the implementation of conduit solutions that enhance the overall eco–friendliness of residential buildings. As homeowners prioritize safety, organization, and technological advancements in their living spaces, the residential electrical conduit industy is expected to experience robust growth.

COVID–19 Impact

The COVID–19 pandemic initially slowed down the residential electrical conduit market due to disruptions in supply chains, construction delays, and economic uncertainties. However, as the world adapted to the new normal, increased focus on home improvements and renovations, coupled with the growing demand for home office setups, led to a resurgence in the market. The shift towards remote work and the need for upgraded electrical infrastructure in residential spaces contributed to a rebound in the residential electrical conduit business, showcasing its resilience and adaptability in the face of challenging circumstances.
 

Residential Electrical Conduit Market Trends

Current trends in the residential electrical conduit industry reflect a growing emphasis on sustainability, safety, and technology integration. The market is witnessing an increased adoption of eco–friendly conduit materials and designs as environmentally conscious practices gain momentum. Smart home technology integration is a key trend, with conduits being utilized to facilitate the wiring of advanced systems for home automation, security, and energy efficiency. Additionally, the demand for flexible and versatile conduit solutions is rising, driven by the need for adaptable wiring systems in modern and dynamic living spaces.
 

Moreover, the market is witnessing advancements in wireless conduit technologies, allowing for more seamless and clutter–free installations. The rise of electric vehicle (EV) adoption is influencing conduit trends, with the demand for home EV charging infrastructure leading to innovations in conduit designs that accommodate these charging systems. As per Ireland’s ZEVI, Department of transport’s report on “Electric Vehicle Charging Infrastructure Strategy 2022–2025”, approximately 80% of the charging needs of electric vehicles are catered through home charging and it is further anticipated to grow in the coming years owing to the soaring number of EVs in the country, which in turn will drive the deployment of reliable electrical conduit systems across the residential buildings.
 

Residential Electrical Conduit Market Analysis

Electrical conduits with 2 ½ to 3 trade size holds a major market share of over 28% in 2023 and is anticipated to register at a CAGR of over 6.5% between 2024 and 2032. In the residential sector, 2 ½ to 3–inch trade–sized electrical conduits find prevalent use due to their versatile application and capacity. These conduits strike a balance between accommodating an ample number of wires, ensuring sufficient capacity for residential electrical systems, and still maintaining a manageable size for installation. The increased demand for smart home technologies, integrated security systems, and evolving electrical requirements in modern homes has led to a growing need for conduits capable of handling larger wire bundles.
 

The non-metal electrical conduit market size surpassed USD 1.1 billion in 2023 and is anticipated to reach USD 2 billion by 2032. This growth can be attributed to several factors, including the increasing demand for lightweight, corrosion–resistant, and cost–effective solutions in residential electrical installations. Non–metal conduits, often made from materials such as PVC, fiberglass, or HDPE, offer advantages such as ease of installation, flexibility, and resistance to various environmental conditions. Additionally, the growing emphasis on sustainable and eco–friendly construction practices has further propelled the popularity of non–metal conduits, as they are often recyclable and contribute to a reduction in overall environmental impact.
 

Asia–Pacific residential electrical conduit market is poised to attain gains at nearly 8% up to 2032, driven by several key factors. Rapid urbanization and increasing population in the region are fostering a surge in residential construction activities, thereby escalating the demand for electrical conduit systems. Additionally, the growing awareness and implementation of safety standards in building construction are compelling homeowners and builders to adopt conduit solutions to protect electrical wiring, enhancing overall safety.
 

Over the past two decades, Southeast Asia has witnessed a consistent annual rise of around 3% in energy demand, according to the International Energy Agency (IEA). This escalating energy demand is a significant driver for the Asia–Pacific market, as the region experiences a surge in construction activities to meet the growing energy needs. The need for robust electrical infrastructure, including conduit systems, becomes crucial in accommodating and securing the wiring associated with increased energy consumption in residential spaces.
 

Residential Electrical Conduit Market Share

ABB stands out as a dominant player, holding the highest market share. ABB's supremacy in the market is attributed to its innovative and high–quality electrical conduit solutions, extensive global reach, and a reputation for reliability. Leveraging advanced technologies and a diverse product portfolio, ABB has successfully captured a substantial market share, meeting the evolving needs of residential construction projects with efficiency and excellence.
 

Residential Electrical Conduit Market Companies

Some of the major players operating across the residential electrical conduit industry are:

• ABB
• Anamet Electrical, Inc.
• ASTRAL Limited
• Atkore
• Austro Pipes
• CANTEX INC.
• Champion Fiberglass, Inc.
• Electri-Flex Company
• Guangdong Ctube Industry Co., Ltd.
• HellermannTyton
• Hubbell
• legrand
• Liberty Electric Products
• Schneider Electric
• Tubecon
• Wienerberger AG
• Zekelman Industries
   

Residential Electrical Conduit Industry News

• In May 2023, ABB revealed the inauguration of a fresh distribution center in Pennsylvania, U.S., valued at USD 4 million. This facility is designed to address the electrical requirements in the northeast region of the country. Additionally, it will play a crucial role in meeting the escalating demand for dependable electrical products, providing an extensive electrical product inventory valued at USD 15 million. The establishment of this new infrastructure not only strengthens ABB's footprint in the Northeast but also amplifies its customer outreach by ensuring a rapid response to end–user needs.
   

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

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Market, By Trade Size

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

Market, By Classification

• Metal
• Non–metal
• Flexible
• Underground
• Others

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