Residential Metal Electrical Conduit Market

Residential Metal Electrical Conduit Market Size

The global residential metal electrical conduit market size was valued at USD 1 billion in 2023 and is set to grow at a CAGR of 6.2% through 2032. The growth arises from augmented residential construction, growing emphasis on electrical safety, and heightened demand for fire resistant conduits. In addition, this growth is supported by governmental regulations such as the National Electrical Code (NEC) of the U.S. that stipulates the installation of metal conduits to improve safety during wiring works.

Moreover, new designs and materials for conduits coupled with increased smart homes that need advanced electrical support contribute to the positive expectations for the market. The construction industry’s shift towards eco-friendly building practices as well as increased concern for energy efficiency are also instrumental to this growth.

Residential Metal Electrical Conduit Market Trends

There has been a noted change in the market of residential construction with one being the incorporation of smart home technologies which presents a secondary market for metal conduits due to the heavy requirements in electrical infrastructure. Also, there is a notable increasing trend regarding the durable and fireproof materials being utilized in residential construction which further extends the demand for metal conduits. There is also a growing environmental concern which, along with the focus on building sustainability, puts a focus on using recyclable metals in buildings.

In addition, stringent government policies regarding electrical safety are fostering the adoption of metal conduits in wiring installations. New types of products are coming into the market due to the corrosion-resistant coatings that cover the metal conduits, along with new flexible designs for different wiring needs. Alongside these factors, there is also a steady increase in investment for residential construction, especially for urban areas, which sustains the growth of the metal electrical conduit market.

Residential Metal Electrical Conduit Market Analysis

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The growth of the market pertaining to 2 ½ to 3 trade-sized residential metal electric conduits is estimated to reach a value of over USD 400 million by 2032. Residential construction expansion, especially in metropolitan regions, is escalating the need for dependable and long-lasting electrical infrastructure, which is responsible for this growth of the market. The advancement towards innovative energy-saving and smart home systems which require strong conduit infrastructure is further driving the residential metal electrical conduit market growth.

In addition, the strict building codes and regulations that require the use of metal conduits for electrical work to improve safety are also increasing the demand. Greater ease of use and resistance to corrosion in new designs of conduits are also helping the market as these features are preferred by contractors and homeowners alike.

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The market for rigid metal configurations in residential uses for the electrical conduit of metal is anticipated to register a CAGR of more than 5% through 2032 on account of the many benefits posed by the use of rigid metal conduits. These conduits are well respected for their ability to withstand damage and also resist fire. Because of this, they are best suited for safe domestic settings where electrical wiring demands the utmost protection. The robust structure protects the conduits from physically harsh conditions, reduces the change of electrical risks, and provides the environment the ready for the work in extreme conditions.

Moreover, rigid metal conduits have superior ground connection as well, adding to the electrical safety. The modern lifestyle changes lead to increased focus on reliable and secure electrical systems which in turn increases the requirement for these conduits and consequently, fosters their market growth.

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Asia Pacific residential metal electrical conduit market is expected to reach USD 800 million by 2032. The development regionally is fueled by the increased pace of urbanization as well as the rising construction activities of residential houses. According to the National Bureau of Statistics of China, the Urbanization rate in the country reached 64.7% in the year 2022 which shows a tremendous scope for growth. A key factor is the increased focus on safe, durable, fire-resistant electrical infrastructure within housing units which is driving new developments.

In addition, governmental policies that encourage the use of metal conduit with electricity enables greater acceptance. The market also benefits from the advancement in technology concerning conduits, such as better corrosion resistance, easier installation, and other beneficial attributes, making metal conduits a favorite for residential projects.

Due to the enhanced construction activities for residential buildings and relatively more rigorous building codes demanding stronger and fire-resistant materials, the U.S. residential metal conduit market is expanding. Increased adoption of smart home technologies is driving growth in reliable electrical infrastructure. Increased competition and innovation in materials and designs of conduits, such as corrosion resistant coatings and other ease of installation features, contributes to the increase in market demand. Metal conduits are thus preferred for new residential buildings for these reasons.

Residential Metal Electrical Conduit Market Share

Schneider Electric has gained a good amount of market share in the residential metal electrical conduit sector with its innovative and durable, high-quality products. Its innovative and safety-oriented solutions position it at the forefront of the industry. Further, its diversity in products and focus on developing electrical infrastructure enhance its esteemed market status.

Residential Metal Electrical Conduit Market Companies

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

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

Residential Metal Electrical Conduit Industry News:

• In November 2022, Atkore signed a purchase agreement for Elite Polymer Solutions, a major electrical conduit supplier, for USD 91.6 million. This purchase is expected to strengthen Atkore’s position in the electrical conduit market nationally and improve the company’s product diversification in multiple industries and applications.
  

This residential metal electrical 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:

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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 Configuration

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

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