The Electrical Conduit Pipe Market size is expected to grow at a CAGR of 3% during the forecast period. The major driving factors for this growth are increasing demand from new construction, commercial and industrial sectors in emerging economies such as India and China coupled with government initiatives aimed at improving infrastructure.
Electrical Conduit Pipe is a pipe that passes electrical cables through, generally used in commercial and industrial applications. The Electrical conduit pipes are size-specific according to the diameter of the cable it transmits and can have different lengths depending on whether they're for indoor or outdoor installation. They come with fittings at each end that allows them to be sealed off when not in use so as not to let debris inside which could cause an electric short circuit or damage delicate electronics equipment like computers. The types range from rigid conduit pipes (metal) for carrying power lines outdoors without concern about water exposure, flexible conduits for underground installations such as under sidewalks where there would be no need to worry about external elements getting into the wiring system.
On basis of Type, the market is segmented into Rigid Conduit Pipe and Flexible Conduit Pipe. The market size of the rigid conduit pipe is projected to witness substantial growth in terms of revenue over the forecast years due to its high demand from the residential segment as it offers better durability, easiness for installation & higher protection against lightning strikes. There will be an increase in the adoption of flexible conduits pipes owing to their low maintenance cost and easy installation process.
Rigid pipes are usually used for residential applications and high-end commercial buildings, but can also be seen in industrial settings depending on the type required by the customer. This will help prevent any environmental hazards that may affect cable insulation or cause corrosion issues with connectors over time. However, rigid conduits are more difficult and expensive to install than flexible ones so they're not typically installed in lower-income areas because it's just too much work for an individual to do.
Flexible conduit pipes are always the preferred choice for low-income neighborhoods and can be seen in residential, commercial, or industrial applications depending on what is required by each individual customer. The installation process is very quick and easy so they're beneficial to those who don't want to spend much time doing laborious work. They also have a lower price point than rigid conduits which makes them more affordable for people with limited budgets.
But while flexible piping has many benefits over other types of electrical conduit pipe it does have some disadvantages including being less durable against corrosion from outside elements such as water seeping into the wiring system because there's no barrier between it and underground soil particles.
On basis of Application, the market is segmented into Residential, Commercial, and Industrial. In terms of application, the residential segment accounted for the largest share in 2020. It is projected to grow significantly owing to rising disposable incomes & population base as well as increasing demand for luxurious homes among developing countries such as India. The commercial and industrial segments are expected to be equally significant in North America.
On the basis of Region, the market is segmented into North America, Europe, Asia Pacific, and Latin America. The North American market is the largest segment of the global industry with a share of approximately 40% in 2017 because it has experienced rapid growth over the past few years due to increased spending on electrical infrastructure as well as economic development which has led to an increase in construction activity. The Asia Pacific represents around 30% of total demand mainly due to its large population base and rising disposable incomes. Europe accounted for about 25% while Latin America had only a marginal contribution from this sector at less than 20%.
Up Market Research published a new report titled “Electrical Conduit Pipe Market research report which is segmented by Types (Rigid Conduit Pipe, Flexible Conduit Pipe), By Applications (Residential, Commercial, Industrial), By Players/Companies Aliaxis, Atkore International Holdings, Mexichem, JM Eagle, Cantex, Wienerberger, Sekisui Chemical, D.P.Jindal, Zekelman Industries, National Pipe And Plastics, Lesso, Nan Ya Plastics, Premier Conduit, International Metal Hose, OPW, Sanco Industries, Pipelife International, ASTRAL POLYTECHNIK”.
|Report Attributes||Report Details|
|Report Title||Electrical Conduit Pipe Market Research Report|
|By Type||Rigid Conduit Pipe, Flexible Conduit Pipe|
|By Application||Residential, Commercial, Industrial|
|By Companies||Aliaxis, Atkore International Holdings, Mexichem, JM Eagle, Cantex, Wienerberger, Sekisui Chemical, D.P.Jindal, Zekelman Industries, National Pipe And Plastics, Lesso, Nan Ya Plastics, Premier Conduit, International Metal Hose, OPW, Sanco Industries, Pipelife International, ASTRAL POLYTECHNIK|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||224|
|Number of Tables & Figures||157|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Rigid Conduit Pipe, Flexible Conduit Pipe and By Application Residential, Commercial, Industrial.
Some of the companies that are profiled in this report are:
Electrical Conduit Pipe Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Electrical Conduit Pipe Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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