Electrical Conduit Pipe Market

Electrical Conduit Pipe Market Outlook (2024 to 2034)

Fact.MR, in its newly published study, says that the global electrical conduit pipe market is pegged at US$ 34,302.4 million in 2024, and is forecasted to grow at a 4.8% CAGR, to reach a market value of US$ 54,819.8 million by the end of 2034.

The electrical conduit pipe market size is expected to experience growth opportunities in emerging economies, owing to the growth of e-commerce, which has significantly transformed the way businesses operate, including those in the manufacturing and distribution of construction and building materials, such as electrical conduit pipes. The increasing trend of online purchasing and the prevalence of e-commerce platforms create new opportunities and advantages for electrical conduit pipe manufacturers.

E-commerce platforms provide manufacturers with the opportunity to showcase and sell their products globally. Manufacturers of electrical conduit pipes can reach customers in different regions and markets, overcoming traditional geographical limitations. Manufacturers, by leveraging e-commerce, can tap into diverse markets with varying construction and infrastructure needs, which allows them to diversify their customer base and reduce dependence on specific regional markets.

E-commerce platforms enable manufacturers to provide detailed information about their electrical conduit pipe products, which includes specifications, materials, certifications, and application guidelines. Customers can access this information easily, aiding in informed decision-making.

Report Attributes	Details
Electrical Conduit Pipe Market Size (2024E)	US$ 34,302.4 million
Forecasted Market Value (2034F)	US$ 54,819.8 million
Global Market Growth Rate (2024 to 2034)	4.8% CAGR
North America Market Share (2034F)	29.9%
Demand Growth in Japan (2024 to 2034)	5.0% CAGR
China Market Value (2034F)	US$ 13,438.5 million
Demand for IT and Telecommunication (2034F)	US$ 28,780.4 million
Revenue Share of Rigid Segment (2034F)	52.1%
Key Companies Profiled	Wienerberger AG Aliaxis Group S.A. Sekisui Chemical Co., Ltd. Atkore International Group Inc. China Lesso Group Holdings Ltd. Nan Ya Plastics Corp. Zekelman Industries Inc. Orbia Advance Corporation OPW Corporation

Which Market Trends are Opening New Opportunities for Manufacturers?

“Increasing Urbanization and Infrastructure Development to Fuel the Market Growth”

Urbanization and infrastructure development have significant implications for various industries, including construction and building materials. Electrical conduit pipes play a crucial role in these sectors, and their demand tends to rise in tandem with the growth of urban areas and infrastructure projects.

Urbanization involves the migration of people from rural to urban areas in search of better employment opportunities and improved living standards. There is a subsequent increase in the construction of residential, commercial, and industrial buildings, as urban areas grow.

The construction of buildings in urban settings requires extensive electrical wiring to support the increasing demand for power. Electrical conduit pipes provide a protective housing for electrical wiring, ensuring safety and compliance with building codes.

“Rising Awareness of Safety Standards to Accelerate the Market Growth”

The rising awareness of safety standards has significantly influenced the construction and electrical industries, leading to an increased adoption of electrical conduit systems. The systems play a crucial role in protecting wiring from various potential hazards, aligning with the emphasis on safety regulations.

Many building codes and safety regulations now mandate the use of electrical conduit systems in construction projects, which is driven by the understanding that exposed wiring poses a higher risk of damage and can lead to electrical failures, fires, or accidents. Conduit systems ensure compliance with these regulations.

Electrical conduit systems provide a physical barrier that shields wiring from external elements such as impact, abrasion, and crushing, which is particularly crucial in environments where there is a higher risk of mechanical damage, such as industrial settings, construction sites, and areas with heavy foot traffic.

“Technological Advancements to Contribute Significantly”

Technological advancements in materials and manufacturing processes have a profound impact on the development of conduit pipe products. The innovations contribute to the creation of conduit systems that offer enhanced durability, flexibility, and ease of installation.

The development of advanced polymers, such as high-density polyethylene and polyvinyl chloride, has revolutionized conduit pipe manufacturing. The materials offer improved durability, corrosion resistance, and flexibility compared to traditional materials like metal conduits. HDPE, for instance, is known for its high strength and resistance to chemicals and UV radiation.

Conduit pipes can now be manufactured using composite materials that combine the strengths of different substances. For instance, fiberglass-reinforced conduit pipes leverage the strength of fiberglass along with the corrosion resistance of polymer materials.

Which Factor is Restraining the Demand for Electrical Conduit Pipe?

“Fluctuating Raw Material Prices to Restrain the Market Growth”

Raw materials, including steel, aluminum, and polymers, often constitute a substantial portion of the overall production costs for electrical conduit pipes. Fluctuations in the prices of these materials directly influence the cost structure of manufacturing. Raw material prices are subject to various factors, including global supply and demand dynamics, geopolitical events, natural disasters, and changes in currency values. The volatility associated with these factors makes it challenging for manufacturers to predict and control their material costs.

When raw material prices increase, manufacturers face the challenge of maintaining their profit margins. If the cost of materials rises significantly, manufacturers may be forced to either absorb the increased costs, impacting their profitability, or pass on the costs to customers through price increases. Fluctuations in raw material prices can affect the competitiveness of manufacturers. Those who can manage cost increases effectively or explore alternative materials may have a competitive advantage in terms of pricing.

What Strategy Should Start-ups Incorporate to Enhance Their Market Presence?

“Smart Cities Initiatives is Key to Gaining Competitive Edge”

The concept of smart cities involves leveraging technology and data-driven solutions to enhance the efficiency, sustainability, and quality of urban life. There is a significant potential increase in the demand for electrical conduit pipes, as cities strive to become smarter and more connected. The conduit systems play a crucial role in supporting the installation of smart city infrastructure, which includes sensors, communication cables, and various other components.

Smart cities rely on a network of sensors and devices strategically placed throughout the urban environment to collect data on various parameters such as traffic flow, air quality, temperature, and energy usage. Conduit pipes provide a protective and organized pathway for the multitude of cables and wiring required to connect these sensors to central control systems.

The deployment of IoT devices in smart city initiatives necessitates a robust and secure infrastructure for wiring. Conduit systems help organize and protect the extensive network of cables connecting IoT devices, ensuring reliable data transmission and reducing the risk of damage.

Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, asserts in its newly published study that North America is predicted to hold a 29.9% share of the global market by 2034. Ongoing and upcoming residential and commercial construction projects contribute significantly to the demand for electrical conduit pipes.

What is the Scenario of the Market in the United States?

“Infrastructure Investments to Augment the Growth”

Attribute	United States
Market Value (2024E)	US$ 6,498.3 million
Growth Rate (2024 to 2034)	4.9% CAGR
Projected Value (2034F)	US$ 10,506.7 million

The United States is predicted to account for 64.1% of the North American market by 2034. Government initiatives and increased investments in infrastructure projects, including residential, commercial, and industrial construction, can drive the demand for electrical conduit pipes. The development of smart cities and the integration of IoT devices in urban infrastructure can lead to increased demand for conduit systems to house and protect the necessary wiring.

A robust residential construction market, driven by factors such as population growth and low mortgage rates, can boost the demand for electrical conduit pipes in housing projects. Expansion in commercial and industrial sectors often involves extensive electrical wiring, creating demand for conduit systems to organize and protect the wiring infrastructure.

What is Projected to Propel Demand for Electrical Conduit Pipe in China?

“Growth in Manufacturing Industry in China to Fuel the Demand”

Attribute	China
Market Value (2024E)	US$ 8,253.2 million
Growth Rate (2024 to 2034)	5.0% CAGR
Projected Value (2034F)	US$ 13,428.5 million

China is forecasted to hold a 59.5% share of East Asia market revenue by 2034. The growth of the manufacturing sector in China, especially in electronics and electrical equipment manufacturing, can contribute to the demand for conduit systems in industrial settings.

The expansion of telecommunication networks, including the deployment of 5G technology, can drive the demand for conduit systems to house and protect the extensive cabling required for these networks.

Adherence to stringent safety regulations and building codes in China can drive the adoption of electrical conduit systems to ensure the safety and reliability of electrical installations. Growing concerns about fire safety in buildings can lead to an increased adoption of conduit systems with fire-resistant properties.

What is Projected to Propel Demand for Electrical Conduit Pipe in Japan?

“Advanced Technology Integration to Enhance Market Prospects”

Attribute	Japan
Market Value (2024E)	US$ 4,099.1 million
Growth Rate (2024 to 2034)	5.0% CAGR
Projected Value (2034F)	US$ 6,662.8 million

Japan is anticipated to hold a 29.5% share of East Asia market revenue by 2034. Japan's focus on advanced technology and innovation may lead to the incorporation of smart building technologies, IoT devices, and advanced electrical systems, increasing the demand for conduit systems.

Government efforts to create disaster-resilient infrastructure, especially after natural disasters, may lead to increased investments in electrical conduit systems for the protection and resilience of electrical installations.

Ongoing advancements in conduit materials and manufacturing processes can lead to the development of more efficient and technologically advanced products. Population growth, housing demand, and residential construction projects can contribute to increased demand for electrical conduit systems in housing developments.

Category-wise Insights

Based on application, global demand for electrical conduit pipe is projected to rise significantly in the IT and Telecommunication segment. The IT and telecommunication sector experiences rapid technological advancements and frequent upgrades. Conduit systems allow for flexibility in adapting to changing technologies by providing a modular and adaptable infrastructure for cable installations.

Which Application to Contribute Significantly in the Sales of Electrical Conduit Pipe?

“IT and Telecommunication is Expected to Accelerate the Demand for Electrical Conduit Pipe”

Attribute	IT and Telecommunication
Segment Value (2024E)	US$ 18,214.6 million
Growth Rate (2024 to 2034)	4.7% CAGR
Projected Value (2034F)	US$ 28,780.4 million

The IT and Telecommunication segment of electrical conduit pipe is forecasted to hold 52.5% of the market share by 2034. Electrical conduit pipes provide a secure and organized pathway for the installation and protection of data cables, fiber optic cables, and other communication wiring, which is crucial in IT and telecommunication infrastructure where the management and protection of cables are paramount.

Conduit systems help prevent electromagnetic interference, ensuring the integrity and reliability of data transmission in IT and telecommunication networks, which is especially important for maintaining signal quality and reducing the risk of data loss or corruption.

The IT and telecommunication industry operates with sensitive electronic equipment. Conduit systems contribute to safety by protecting wiring from physical damage, environmental factors, and external contaminants. Compliance with safety standards and regulations is a key driver for the use of conduit systems in these applications.

Which Type of Electrical Conduit Pipe is Set to Occupy a Leading Market Share?

“Rigid Segment is Expected to be the Dominant Type”

Attribute	Rigid Conduit Pipe
Segment Value (2024E)	US$ 18,626.2 million
Growth Rate (2024 to 2034)	4.4% CAGR
Projected Value (2034F)	US$ 28,561.1 million

The rigid segment is predicted to occupy a 52.1% share of the global electrical conduit pipe market by 2034. Rigid conduit pipes are known for their durability and strength, providing robust protection for electrical wiring, which makes them suitable for applications where the conduit is exposed to physical stress, heavy loads, or potential damage.

Rigid conduit pipes offer superior mechanical protection to electrical wiring in both indoor and outdoor environments, which makes them ideal for applications where the conduit may be exposed to impacts, vibrations, or other mechanical stresses.

Rigid conduits are often made from materials such as galvanized steel or stainless steel, which offer excellent resistance to environmental factors such as corrosion, moisture, and UV exposure. The resistance enhances the longevity of the conduit in various settings.

Competitive Landscape

Major players in the electrical conduit pipe sector are employing a range of strategies to attain their objectives. The tactics encompass fostering innovation, implementing rigorous quality control measures across their product portfolios, establishing strategic partnerships, fine-tuning supply chain management systems, and continually enhancing both their products and technologies.

Recent Development

• In 2022, Atkore International Group Inc. successfully completed the acquisition of Elite Polymer Solutions, a prominent manufacturer specializing in High-Density Polyethylene tubing conduits. Elite Polymer Solutions caters to the telecom, utilities, and transport sectors. The strategic acquisition bolsters Atkore's HDPE pipe product portfolio and extends its geographical reach, positioning the company to meet the growing demand for underground protection in the electrical, utility, and telecommunications industries.

Wienerberger AG, Aliaxis Group S.A., Sekisui Chemical Co., Ltd., Atkore International Group Inc., China Lesso Group Holdings Ltd., Nan Ya Plastics Corp., Zekelman Industries Inc., Orbia Advance Corporation, OPW Corporation, are key players in the market.

Segmentation of Electrical Conduit Pipe Market Research

• By Application :

  • Electrical Wire Cables
  • IT and Telecommunication

• By Type :

  • Rigid Conduit Pipe
  • Flexible Conduit Pipe

• By Region :

  • North America
  • Europe
  • East Asia
  • Latin America
  • Middle East & Africa
  • South Asia & Oceania