Electrical Conduit Market size is projected to reach USD 10.26 Billion by 2028 from an estimated USD 5.95 Billion in 2021, growing at a CAGR of 8.1% globally.
The electrical conduit market is manufactured from plastic or metallic internal which electric cord runs smoothly. This is referred to as an electrical conduit. The open wall from the outdoors is usually determined inside the open surroundings which protect the cable. It is used for unfinished locations along with attics, crawlspaces, basements, and outdoor mounts. This conduit seems like an armored cable. Similarly, the Electrical Conduit is insulated and wires are enclosed in an armored cable. This cable is used for AC devices, electrical wire systems, and building units and is generally installed in open areas.
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The top market Players Covered in the Electrical Conduit Market are:
Atkore International Group Inc. Hubbell Incorporated, Legrand S.A, Schneider Electric SE Ltd, Aliaxis Group S.A, Sekisui Chemical Co Ltd, Wienerberger AG, National Pipe & Plastics Inc, Cantex Inc., Orbia Advance Corporation, Astral Polytechnik Limited, China Lesso Group Holdings Ltd, JM Eagle Inc, Nan Ya Plastics Corp, D.P. Jindal Group, Pipelife International GmbH, Zekelman Industries Inc, OPW Corporation, Premier Conduit Inc, International Metal Hose Company, Sanco Industries Ltd. and other major players..
The global Electrical Conduit Market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Electrical Conduit Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Electrical Conduit Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Electrical Conduit Market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts
Segmentation Analysis of the Electrical Conduit Market Report:
The electrical conduit market can be segmented in various ways based on different criteria, allowing for a more detailed analysis of the market and its diverse customer needs. Here are some common segmentation factors for the electrical conduit market:
By Type
· Rigid
· Flexible
By Material
· Metallic
· Non-Metallic
By End User
· Building & Construction
· Industrial Manufacturing
· IT & Telecommunication
· Oil & Gas
· Energy & Utility
· Others
Market share data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments In the Electrical Conduit Market
· In February 2021, Atkore International Group Inc. took over FRE Composites Group which is the main producer of fiberglass conduit answers for the electric, transportation, telecommunication, and infrastructure markets. This acquisition helped Atkore International to widen its electrical conduit product portfolio.
· In October 2020, Atkore International Group Inc. acquired the assets of Queen City Plastics Inc. which is a manufacturer of PVC conduit, elbows, and fittings for the electric market. Queen City Plastics Inc has a stronghold in the southeast and mid-Atlantic region of the United States. This acquisition strengthened Atkore’s current product portfolio and enabled a wide client base in the United States.
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