Strong demand for electrical conduit systems will ensure robust growth in the fittings market.
The global electrical conduit fittings market is expected to exhibit a CAGR of 6.7% during the forecast period from 2018 to 2026. Electrical conduit fittings cover a wide array of products used for installing electrical conduit systems in a wiring system. The market's growth is highly driven by the consistently growing construction sector worldwide across commercial, industrial, and residential segments. Electrical conduit systems are among the most popular methods of wiring systems across the construction sector. Subsequently, the rise in demand for electrical conduit systems directly supports the related fittings market. Nevertheless, the growing adoption of cable trays and ladders may hamper the market growth in the years to come.
Market Synopsis
Metallic Electrical Conduit Fittings Segment to Dominate the Market Throughout the Forecast Period
The metallic electrical conduit fittings segment dominates the overall market with over 55% of the total market size. Electrical conduit systems and fittings are typically used in the industrial sector and are costlier as compared to their non-metallic counterparts. Although non-metallic conduit fittings are higher in terms of volume due to the lower cost of these fittings, the segment generates less revenue as compared to the metallic conduit fittings segment. Nevertheless, due to strong residential construction worldwide, the non-metallic fittings segment is expected to register a higher growth rate during the forecast period.
Asia Pacific to Register the Fastest Growth During the Forecast Period
In 2017, North America dominated the overall electrical conduit fittings market, with nearly 34% of the total market revenue generated worldwide. Asia Pacific is estimated to demonstrate the fastest growth for electrical conduit fittings during the forecast period. India and China are the major driving markets for electrical conduit fittings due to the presence of a lucrative construction industry in the two countries.
The major companies profiled in the report include Arlington Industries, Atkore International, Inc., Calpipe Industries, Inc., Dura-Line Corporation, and Eaton Corporation Plc. (Cooper Industries), HellermannTyton Group Plc., Hubbell, Inc., Legrand SA, Robroy Industries, Inc., Schneider Electric SE, Southwire Company LLC, and Thomas & Betts Corporation, among others.
Periods of History and Forecast
This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
The electrical conduit fittings market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global electrical conduit fittings market based on product type, material, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the size of the market for electrical conduit fittings in 2017, and what is the forecast up to 2026?
Which is the largest regional market for electrical conduit fittings?
What are the major trends followed in overall cable management and electrical conduit sectors across different regions?
What are the key market trends observed in the electrical conduit fittings market?
Who are the key players leading the market?
What are the key strategies adopted by the leading players in the market?
Unique data points of this report
Statistics on the construction sector worldwide, specific to commercial and industrial sectors
Recent trends across different regions in terms of the adoption of electrical conduit fittings and electrical conduit systems
Attractive investment proposition for vertical industry segment as well as geography
Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)
List of the major distributors of cable management products by region
Frequently Asked Questions:
The market for Electrical Conduit Fittings Market is expected to reach XX Bn in 2026.
The Electrical Conduit Fittings Market is expected to see significant CAGR growth over the coming years, at 6.7%.
The report is forecasted to 2018-2026.
The base year of this report is 2017
Arlington Industries,Atkore International, Inc. (Allied Tube & Conduit),Calpipe Industries, Inc.,Cooper Industries (Eaton Corporation),Dura-Line Corporation are some of the major players in the global market.
