Electrical Conduit Pipe Market Size, Share, Scope and Forecast 2034

 Fact.MR, in its latest research report released recently, states that the worldwide electrical conduit pipe market stands at US$ 34,302.4 million in 2024, and is anticipated to grow at a 4.8% CAGR to reach a market value of US$ 54,819.8 million by the end of 2034. Market Research Report.

The size of the electrical conduit pipe market is likely to witness growth opportunities in emerging markets due to the development of e-commerce, which has greatly revolutionized the operations of businesses, including those involved in the production and supply of building and construction materials, like electrical conduit pipes. Growing online buying and widespread adoption of e-commerce platforms provide new opportunities and benefits for electrical conduit pipe manufacturers.

For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9412 

Country-wise Insights

Fact.MR, a competitive intelligence and market research solutions provider, affirms in its recently released research report that by 2034, North America is estimated to have a 29.9% share in the global market. Ongoing and future residential and commercial buildings projects drive substantially the demand for electrical conduit pipes.

The United States is also expected to control 64.1% of the North American market in 2034. Government policies and higher investments in infrastructure development, such as residential, commercial, and industrial buildings, can fuel the demand for electrical conduit pipes. The establishment of smart cities and the use of IoT devices in urban infrastructure can cause higher demand for conduit systems to accommodate and safeguard the required wiring.

China is predicted to have a 59.5% market revenue share in the East Asia market by the year 2034. Expansion of the manufacturing industry in China, particularly in the production of electronics and electrical equipment, can fuel the need for conduit systems in industrial environments.

Category-wise Insights

On the basis of application, worldwide demand for electrical conduit pipe is expected to grow substantially in the IT and Telecommunication segment. The IT and telecommunication industry undergoes quick technological improvements and regular upgrading. Conduit systems enable one to be adaptable to evolving technologies by offering a modular and adjustable infrastructure for cabling installations.

The IT and Telecommunication portion of electrical conduit pipe is expected to maintain a market share of 52.5% by 2034. Electrical conduit pipes create a safe and neat route for installation and safeguarding data cables, fiber optic cables, and other communication wiring, which is most important in IT and telecommunication infrastructure where the protection and management of cables take precedence.

Conduit systems prevent electromagnetic interference, which is crucial for ensuring the reliability and integrity of data transmission in IT and telecommunication networks, particularly for preserving signal quality and preventing data loss or corruption.

Competitive Landscape

Key players within the electrical conduit pipe industry are adopting a variety of strategies in order to achieve their goals. The strategies include promoting innovation, embracing stringent quality control across their product ranges, forming strategic alliances, streamlining supply chain management systems, and constantly improving both their products and technologies.

Recent Development

  • In 2022, Atkore International Group Inc. acquired Elite Polymer Solutions, a leading High-Density Polyethylene tubing conduit manufacturer, successfully. Elite Polymer Solutions serves the telecom, utility, and transportation industries. The strategic purchase increases Atkore's portfolio of HDPE pipe products and expands its geography, allowing the company to capitalize on the increasing demand for underground protection in the electrical, utility, and telecommunications markets.
  • 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 major players in the market.

Browse Full Report: https://www.factmr.com/report/electrical-conduit-pipe-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

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