PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1666904
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1666904
Electrical Conduit Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Electrical Conduit Market was valued at USD 11 billion in 2024 and is expected to grow at a CAGR of 6.9% from 2025 to 2034. This growth is primarily fueled by the rise of renewable energy projects, advancements in smart grid technology, and the increasing adoption of industrial automation. Urbanization and the rise in residential and commercial construction projects are further driving market expansion. Regulatory standards concerning safety and environmental issues are encouraging manufacturers to innovate and meet stricter requirements. However, challenges such as supply chain disruptions and fluctuating raw material prices may affect market stability.
The non-metal conduit segment is anticipated to generate USD 7.5 billion by 2034. This growth is driven by the rising demand for conduits designed for specific applications. Flexible conduits are increasingly popular due to their easy installation in residential and light commercial sectors. Liquid-tight conduits are gaining traction in environments exposed to moisture or extreme conditions, including outdoor and industrial settings. As industries place greater emphasis on safety and compliance, there is a growing need for conduits that offer fire resistance, corrosion resistance, and weatherproofing capabilities.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $11 Billion |
| Forecast Value | $22 Billion |
| CAGR | 6.9% |
The energy sector is projected to grow at a CAGR of 5.5% through 2034, propelled by the expansion of renewable energy infrastructure, grid modernization, and power transmission development. The increasing deployment of solar, wind, and energy storage systems is boosting the demand for conduits that are fire-resistant, corrosion-resistant, and weatherproof, especially in high-voltage applications and challenging environments. As energy grids evolve to become more interconnected and smarter, there is a heightened demand for conduits that can support complex wiring systems. Additionally, the shift toward sustainable energy solutions is driving the use of eco-friendly conduit materials, further fueling growth in the energy sector.
U.S. electrical conduit market is forecast to generate USD 2.9 billion by 2034, supported by rising construction works, infrastructure improvements, and the growth of renewable energy projects. With a strong focus on infrastructure modernization, including the development of smart grids and electric vehicle charging stations, the demand for reliable and high-quality conduits is expected to rise significantly. This trend aligns with the broader need for efficient, safe, and sustainable electrical systems across various sectors.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021 - 2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Strategic dashboard
- 4.2 Innovation & sustainability landscape
Chapter 5 Market Size and Forecast, By Trade Size, 2021 – 2034 (USD Million)
- 5.1 Key trends
- 5.2 ½ to 1
- 5.3 1 ¼ to 2
- 5.4 2 ½ to 3
- 5.5 3 to 4
- 5.6 5 to 6
- 5.7 Others
Chapter 6 Market Size and Forecast, By Classification, 2021 – 2034 (USD Million)
- 6.1 Key trends
- 6.2 Metal
- 6.2.1 Rigid Metal (RMC)
- 6.2.2 Galvanized Rigid (GRC)
- 6.2.3 Intermediate Metal (IMC)
- 6.2.4 Electrical Metal Tubing (EMT)
- 6.3 Non-metal
- 6.3.1 PVC
- 6.3.2 Reinforced Thermosetting Resin (RTRC/FRE)
- 6.3.3 Rigid Non-Metallic (RNC)
- 6.3.4 Electrical Non-Metallic Tubing (ENT)
- 6.4 Flexible
- 6.4.1 Flexible Metallic (FMC)
- 6.4.2 Liquid-Tight Flexible Metal (LFMC)
- 6.4.3 Flexible Metallic Tubing (FMT)
- 6.4.4 Liquid-Tight Flexible Non-Metallic (LFNC)
- 6.5 Underground
- 6.6 Others
Chapter 7 Market Size and Forecast, By Application, 2021 – 2034 (USD Million)
- 7.1 Key trends
- 7.2 Rail infrastructure
- 7.3 Manufacturing facilities
- 7.4 Shipbuilding & offshore facilities
- 7.5 Process plants
- 7.6 Energy
- 7.7 Others
Chapter 8 Market Size and Forecast, By End Use, 2021 – 2034 (USD Million)
- 8.1 Key trends
- 8.2 Residential
- 8.3 Commercial
- 8.4 Industrial
- 8.5 Utility
Chapter 9 Market Size and Forecast, By Region, 2021 – 2034 (USD Million)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 France
- 9.3.2 Germany
- 9.3.3 Italy
- 9.3.4 UK
- 9.3.5 Russia
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.5 Middle East & Africa
- 9.5.1 Saudi Arabia
- 9.5.2 UAE
- 9.5.3 Qatar
- 9.5.4 South Africa
- 9.6 Latin America
- 9.6.1 Brazil
- 9.6.2 Argentina
Chapter 10 Company Profiles
- 10.1 ABB
- 10.2 ASTRAL
- 10.3 Anamet Electrical
- 10.4 Atkore
- 10.5 CANTEX
- 10.6 Champion Fiberglass
- 10.7 Electri-Flex
- 10.8 HellermannTyton
- 10.9 Hubbell
- 10.10 Legrand
- 10.11 Schneider Electric
- 10.12 Wienerberger
- 10.13 Zekelman Industries
