Home > > Global Electrical Conduit Market Report
The Electrical Conduit market was valued at $2,450.0 Million in 2020, and is projected to reach $6,544.8 Million by 2029 growing at a CAGR of 11.58% from 2021 to 2029. Electrical conduit is a tube or pipe that is used to protect and route electrical wires and cables. Electrical conduit is commonly used in a variety of applications, including construction, electrical infrastructure, and industrial systems. One major trend in the electrical conduit market is the increasing demand for non-metallic electrical conduit. With the growing concern about the environmental impact of metal manufacturing, there is a trend towards the use of non-metallic electrical conduit as a more sustainable and eco-friendly alternative. This trend is being driven by the benefits of non-metallic electrical conduit, such as its lightweight and corrosion-resistant properties. Another trend in the electrical conduit market is the increasing focus on the development of advanced materials and technologies. With the development of newer and more advanced materials and technologies, there is a trend towards the use of electrical conduit that offers improved performance and capabilities. This trend is being driven by the benefits of advanced materials and technologies, such as increased durability and resistance to extreme temperatures. There are also a number of regulatory and policy changes that are affecting the electrical conduit market. For example, governments around the world are implementing measures to ensure the safety and reliability of electrical infrastructure, including electrical conduit. These regulations can have a significant impact on the way electrical conduit is developed and used. As for the top companies in the electrical conduit market, some of the major players include Thomas & Betts, O-Z/Gedney, and Allied Tube & Conduit. These companies have been focusing on the development of advanced electrical conduit technologies and solutions, as well as the expansion of their product offerings and the use of artificial intelligence and machine learning to improve the performance and efficiency of their products. Thomas & Betts has been investing in the development of its non-metallic electrical conduit products, while O-Z/Gedney has been focusing on the development of its metallic electrical conduit products. Allied Tube & Conduit has been investing in the development of its electrical conduit products for use in a variety of applications, including construction, electrical infrastructure, and industrial systems.