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Electrical Conduit Systems Market By Product (Rigid, Flexible Electrical Conduit Systems), End User (IT & Telecommunication, Public Infrastructure, Industrial Manufacturing, Energy & Utilities, Oil & Gas, Commercial Construction, Residential Construction, Metals & Mining & Others), Material (Metallic, Non-Metallic conduit systems) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Electrical conduit systems refer to a subset of cable management systems used to protect and route electrical wires/cables. These are tubular structures designed to carry wires and cables and are available in rigid and flexible forms. Electrical conduit systems are available in both metallic as well as non-metallic materials. The most significant factor fueling the market growth is the rising construction industry worldwide. In addition, the residential and industrial sectors majorly support the market.

 

Additionally, conduit systems are increasingly being adopted for wiring installation due to various competitive advantages over traditional wiring methods. Nevertheless, high costs (especially metallic conduit systems) and the availability of substitutes such as cable trays, raceways, and cable ladders are major factors hindering the market growth. The electrical conduit systems market worldwide stood at a revenue of US$ 3,954.1 Mn in 2014. The market is expected to expand with a CAGR of 9.2% during the forecast period from 2015 to 2022.

 

Purpose of the Report

The purpose of this strategic research study titled “Global Electrical Conduit Systems Market- Growth, Share, Opportunities and Competitive Analysis, 2015 – 2022” is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global electrical conduit systems industry.

 

Target Audience

  • Industry Investors
  • Electrical Conduit System Manufacturers
  • Conduit Fittings Manufacturers
  • Cable Management Products Manufacturers
  • Distributors

The metallic conduit systems segment dominated the global electrical conduit systems market in 2014. The segment contributed more than fifty percent of the total revenue. Themetallic conduit systems segment comprises materials such as galvanized steel, stainless steel, and aluminum, among others. Common types of metallic conduit systems include:

 

  • Rigid metallic conduit systems (RMC).
  • Metallic electrical tubing (EMT).
  • Intermediate metallic conduit (IMC).
  • PVC-coated metallic conduit systems.
  • Flexible metallic conduit systems.

 

Galvanized and stainless steel are among the costliest materials used in conduit systems. These are largely used in the industrial manufacturing, oil & gas, and energy & utility segments to ensure optimum safety. Due to their high cost and superior protection advantages, the segment has become highly profitable for conduit system manufacturers.

 

The non-metallic conduit systems segment includes materials such as polyvinyl chloride (PVC), nylon, high-density polyethylene (HDPE), polypropylene (PP), and others. These conduit systems offer fairly high physical protection and resist most environmental hazards such as chemical reactions, humidity, and corrosion. These are among the cheapest and most convenient materials used in conduit systems. Due to their lightweight, these conduit systems can be easily transported and handled and offer convenient installation. Hence, these conduit systems help reduce the overall installation cost. Due to these factors, the non-metallic conduit systems segment is expected to register the highest growth in the coming years.

 

The global electrical conduit systems market is segmented, based on product types, into the following segments:

  • Rigid electrical conduit systems
  • Flexible electrical conduit systems

 As of 2014, the rigid conduit systems segment is dominant in the global market, contributing to over two third of the total market revenue. Rigid conduit systems are the oldest types and are prominent in most electrical installation applications. These conduit systems offer excellent physical protection and can be fabricated using metallic and non-metallic materials. Rigid conduit systems are largely used in residential and commercial construction applications. Since these end-use industry segments contribute substantial revenue share to the market, the rigid conduit systems segment is expected to retain its dominant position in the market throughout the forecast period.

 

The flexible conduit systems segment is, however, expected to register the highest growth in the market. Flexible conduit systems are manufactured using non-metallic materials such as HDPE, PVC, nylon, and PP. Amongst these, PVC and HDPE account for the largest share, in terms of revenue and adoption, in the global market. These conduit systems are majorly used in applications wherein frequent wiring alteration may be required. Flexible conduit systems offer easy installation and can be re-positioned per the requirement. Thus, these conduit systems find application across almost all end-use industry segments. The segment is estimated to expand with a CAGR of 9.9% from 2015 to 2022.

 

Based on the end-use industry, the electrical conduit systems market is categorized into the following segments:

  • IT & Telecommunication
  • Public Infrastructure
  • Industrial Manufacturing
  • Energy & Utilities
  • Oil & Gas
  • Commercial Construction
  • Residential Construction
  • Metals & Mining
  • Others (Education, Healthcare, etc.)As of 2014, the global electrical conduit systems market is dominated by the residential construction. The segment accounted for a market share, in terms of revenue, of over one-fourth of the overall market in 2014. PVC conduit systems are the most popular types used in the residential segment. Due to the ever-increasing population worldwide, residential construction is expected to witness steady growth in the coming years. Thus, the segment is estimated to retain its dominant segment throughout the forecast period. The residential segment is followed, in terms of market share, by the industrial and public infrastructure segments.

 

The industrial manufacturing segment is estimated to witness the highest growth in the coming years. To ensure proper physical and environmental protection, galvanized steel, and PVC-coated metallic conduit systems, are popularly used in the industrial manufacturing segment. Since these are among the costliest conduit systems, the segment becomes highly profitable for conduit system manufacturers. In addition, the food & beverages, automotive, and chemicals manufacturing sectors expect to support the industrial manufacturing segment. Further, apart from industrial manufacturing, oil & gas and commercial segments are expected to register strong growth in the coming years.

 

An electrical conduit system is a tubular enclosure used to protect and route electrical cables. The entire system comprises tubing and fitting components required for wiring installation. Most electrical conduit systems are rigid due to their high strength over flexible conduit systems. Electrical conduit systems protect the enclosed cables/wires from external parameters such as moisture, impact, and chemical reactions. Also, electrical conduits are capable of carrying a large number of cables. Depending upon the number of cables to be routed, electrical conduits with wider diameters are available in the market, making these preferable over traditional wiring systems. The common types of electrical

conduit systems are listed below:

 

  • Rigid Metal Conduit (RMC)/Galvanized Steel Rigid Conduit (GRC)
  • Intermediate Metallic Conduit (IMC)
  • Electrical Metallic Tubing (EMT)
  • PVC Conduit
  • PVC-coated Metallic Conduit
  • Flexible Metallic Conduit
  • Flexible Non-metallic Conduit

 

The history of electrical conduit systems dates back to the early 1900s. Traditionally, fluid pipes and gas pipes were used for wiring installation. However, developing electrical conduits specifically for wiring installation became popular due to the better protection offered by these tubular enclosures. Steel electrical conduit systems are among the first types of conduits used for wiring installation; with the growing adoption of conduit systems in wiring installation, other materials such as galvanized steel, aluminum, and coated steel. Due to its high strength and corrosion resistance, galvanized steel has become the most popular material for conduit systems in industrial environments.

 

Further, with the increasing penetration of conduit systems and the need for cost reduction, polyvinyl chloride (PVC) became the most preferred material for conduit production. Over time, PVC has become the dominant material, in terms of penetration, in the overall conduit systems market. This is due to their low cost, good strength, and resistance to corrosion and chemical reactions. Due to these properties, PVC conduit systems have become the largest used material in residential and commercial construction applications.

 

With the advancement of conduit systems coupled with the need for flexible wiring installation, flexible conduit systems were developed. Non-metallic materials such as PVC, nylon, high definition polyethylene (HDPE) are the most popular materials used in flexible conduit systems. Flexible conduit systems are used where there is a frequent need for wiring alteration and critical spaces. In addition, these conduit systems offer excellent strength and ease of installation, especially in the case of underground wiring. Due to these factors, the flexible conduit systems have witnessed strong penetration.

 

Electrical conduit systems are used in various end-use industries such as industrial manufacturing, commercial construction, public infrastructure, residential construction, oil & gas, and others. The residential construction segment is by far the largest consumer of electrical conduit systems in revenue. Due to the rising population worldwide coupled with the construction industry, the segment is expected to remain the dominant consumer in the coming years. Nevertheless, a major concern for the market is the availability of many substitutes. Major electrical conduit systems are cable trays, ladders, raceways, and others.

 

The global electrical conduit systems market is dominated by the Asia Pacific region accounting for over one-third of the total market revenue as of 2014. The market in the Asia Pacific is mainly governed by countries such as China, India, and Japan, with strong industrial and residential construction sectors. Due to increasing population coupled with industrial development, the region is expected to retain its dominant position in the market throughout the forecast period. Additionally, due to ongoing public infrastructure in India and some Southeast Asia countries, the public infrastructure segment is expected to witness strong growth.

 

As a result, Asia Pacific is expected to remain the highest growing market for electrical conduit systems in the coming years. Further, the Asia Pacific market is followed by the North American region due to the strong penetration of electrical conduit systems across all end-user applications. Conduit systems are costlier in North America as compared to the Asia Pacific. Moreover, the market is well organized and consolidated in North America compared to the Asia Pacific and the Rest of the world.

 

Frequently Asked Questions

 

The market for Electrical Conduit Systems is expected to reach US$ 3,954.1 Million in 2028.

The Electrical Conduit Systems market is expected to see significant CAGR growth over the coming years, at 9.2%.

The report is forcasted from 2015-2022

The base year of this report is 2021.

Atkore International Inc, Legrand S.A, Robroy Industries, Inc., Dura-Line Corporation, Thomas and Betts Corporation,Hubbell, Inc. are some of the major players in the global market.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Mar 2016
Category:  Technology & Media
Report ID:   57741
Report Format:   PDF
Pages:   120
Rating:    4.2 (60)
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