Rigid Metal Electrical Conduit Market
Get a free sample of this report
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Request Sectional Data
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
The global rigid metal electrical conduit market size was valued at USD 855.7 million in 2023 and is projected to grow at a CAGR of 5.7% from 2024 to 2032. The rise in expenditure on infrastructure as well as the building of industrial, commercial, and residential structures is driving the need for more advanced and fire resistance electrical installations. According to the U.S. Census Bureau, total construction spending in the country reached 1.8 trillion U.S dollars, which indicates a substantial growth in the sector in 2023.
Moreover, market demand is positively affected by increasing investments towards workplace safety and rigorous legislative policies requiring strong electrical conduit systems. In addition, there is growing industrial automation and an increase in demand for renewable energy powered projects, which further increases the demand for durable conduit systems, especially under difficult conditions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Rigid Metal Electrical Conduit Market size in 2023: | USD 855.7 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2023 - 2032 CAGR: | 5.7 |
| 2023 Value Projection: | USD 1.43 Billion |
| Historical Data for: | 2021-2023 |
| No of Pages: | 70 |
| Tables, Charts & Figures: | 10 |
| Segments Covered: | Trade Size, Application, End Use |
| Growth Drivers: |
|
| Pitfalls Challenges: |
|
The rigid metal electrical conduit industry is witnessing significant growth driven by several key factors. The increasing spending on infrastructure and construction work, especially in the industrial and commercial segments is driving the need for robust and fireproof conduit systems. Also, the rise in demand for rigid metal conduits is due to more sophisticated safety policies and compliance with more demanding safety regulations.
In addition, the increase of automation in industries and the introduction of projects in renewable energy are also increasing the need for protection of electrical circuits. Emerging economies are also making their contribution to the market’s growth rate as the need for dependable electrical systems for supporting fast growing urbanization and industrialization increases. This, in turn, support the growing trend of the market.
The market for rigid electrical metallic conduit is segmented among various applications including rail infrastructure, process plants, shipbuilding and offshore facilities, manufacturing plants, energy among others. The energy sector is expected to reach over USD 480 million by 2032. This growth is due to increasing investment in energy infrastructure including oil and gas, renewable energy and power generation projects. There is also a strong need for reliable, durable and robust conduit systems for protection of electrical wiring in extreme environments such as offshore and industrial energy facilities. Furthermore, the emerging focus towards clean energy and the growing investment in grid infrastructure is also positively impacting the growth of the energy conduit market.
The market for rigid metal electrical conduits is expanding rapidly due to increased residential demand, which is expected to increase at a CAGR of more than 5% through 2032. The expansion is spurred by a rise in residential building activities resulting from urbanization as well as an increase in population. In addition, the increasing emphasis on having rigid and reliable wiring structures in households, coupled with new building codes and safety regulations, is contributing to the growth in the adoption of rigid metal conduits. Also, the adoption of increasingly modern electronics and the smart home movement is also increasing the need for improved residential wiring systems that can adequately defend the wires used in the construction.
The Asia Pacific rigid metal electrical conduit market is projected to surpass USD 680 million by the year 2032. The growth is being propelled by rapid urban population growth, increased infrastructure investment, and industrialization in the region. In addition, as safety and building codes become stricter, there is a trend which favors the use of conduits over other materials for the protection of electric wirings. These robust conduit systems will also have high demand because of the region's focus on renewable energy projects and developing smart grid infrastructure, which further enhances the market growth.
The U.S. rigid metal electrical conduit market is steadily growing due to increased expenditures in infrastructure development, expanding industries, and safety compliance. There is growth in the use of fire-resistant durable conduit systems across construction, energy, and manufacturing sectors. Moreover, the adoption of smart grid systems and renewable sources of energy further drives the demand of rigid metal conduits in the country.
Atkore is a major market player in the rigid metal electrical conduits due to its extensive range of durable conduit products. The company is able to leverage its strong position in the construction, energy and industrial markets, which is further enhanced by its investment in innovation and robust safety practices, to continue meeting the increasing demand for rigid metal conduits.
Some of the key market players operating across the rigid metal electrical conduit industry are:
Market, By Trade Size
Market, By Application
Market, By End Use
The above information has been provided for the following regions and countries:
American Conduit, Atkore, Anamet Electrical, Inc., Flexa GmbH, Gibson Stainless & Specialty Inc., HellermannTyton, Legrand, and Nucor Tubular Products
Asia Pacific rigid metal electrical conduit market is set to exceed USD 680 million by 2032, fueled by swift urbanization.
The residential segment in the rigid metal electrical conduit market will grow at over 5% CAGR through 2032, fueled by increasing residential construction activities.
The market size of rigid metal electrical conduit was worth over USD 855.7 million in 2023 and will grow at 5.7% CAGR through 2032, driven by heightened investments in infrastructure.