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The demand for continuous electricity is now a basic need in all the sectors. The electricity supplies to satisfy the demand have to be safe and reliable. The electrical conduits help to protect and route the electric supply to the desired location. Safety has been the primary reason behind the increased market of electrical conduits. Electrical conduits are increasingly being utilized in upcoming residential and commercial buildings like malls, theatres, hospitals, etc.
The various options available with the choice of the material to be used for conduits has attracted more installations. Rural electrification initiatives are taken up by governments in developing countries, and the adoption of new sources of energy such as solar and wind have seen new grids come up. The latest technological advancements provide flexibility in electrical conduits, which has allowed electrical conduits to be utilized in structures with a sophisticated design.
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Based on material, global electric conduit market can be segmented into metal, non-metal, flexible, underground, and others. The metal segment is further segmented into the rigid metal conduit (RMC), galvanized rigid conduit (GRC), intermediate metal conduit (IMC), electrical metal tubing (EMT). The non-metal segment is further segmented into polyvinyl chloride (PVC), reinforced thermosetting resin (RTRC), rigid non-metallic (RNC), electrical nonmetallic tubing (ENT).
The utilization of non-metal conduits has increased in recent time due to the lower costs, but still, the revenue generated by the metal conduits is higher than that of non-metal conduits. Based on its applications, global electrical conduit market is segmented into energy, process plant, rail infrastructure, shipbuilding, and others. Looking at the growing requirement for electricity and advancements in technology parallelly with the hike in disposable income has seen electrical conduits being utilized increasingly in each sector.
Based on its end-user, the electrical conduits market can be segmented into residential, commercial, industrial, and utility. The rising industrialization and the upcoming construction activities have seen electrical conduits being immensely utilized in these sectors.
The key market driver for the global electrical conduit market is the increasing demand for electricity. The rural electrification in various countries has helped the growth of the global electrical conduit market. Also, modernization and up-gradation of the installed connections to increase safety have helped the market to grow.
Key market restraint for the global electrical conduit market is the problematic installation of electrical conduits. The time required for installation is also high, and fault identification in the system is not easy.
Key players operating in the global electrical conduit market are Schneider, ABB, Aliaxis, Hubbell, Astral, Atkore, Legrand, Sepco, Hellermann Tyton, Champion Fiberglass, Wienerberger, Electri-Flex, ANAMET, Cantex, and Western Tube.
Ø Rigid Metal Conduit (RMC)
Ø Galvanized Rigid Conduit (GRC)
Ø Intermediate Metal Conduit (IMC)
Ø Electrical Metal Tubing (EMT)Non-Metal
Ø Polyvinyl Chloride (PVC)
Ø Reinforced Thermosetting Resin (RTRC)
Ø Rigid Non-Metallic (RNC)
Ø Electrical Non-Metallic Tubing (ENT)
· Process Plant
· Rail Infrastructure
· North America (The USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
The global electric conduit market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The USA holds the largest market share in the North America region due to the increased installation of smart grid networks across the country. The refurbishment of existing grid infrastructure has also been the factor driving global electrical conduit market in the region. Asia Pacific region holds the maximum potential for the electrical conduit market due to the increasing demand for energy. This rising demand has seen the installation of many small grid networks across the region. The rural electrification mainly in China and India and safety concerns over electricity supply are the factors which have increased the demand for electrical conduits in the region. In Europe increased adoption of sustainable energy sources and requirement of new grids has helped the electrical conduits market to grid. In the Middle East and Latin America, the increasing demand for energy and the adoption of sustainable energy are the factors driving the growth of global electric conduit market.