The demand for continuous
electricity is now a basic need in all the sectors. The electricity supplies to
satisfy the demand have to be safe and reliable. The electrical conduits help
to protect and route the electric supply to the desired location. Safety has
been the primary reason behind the increased market of electrical conduits.
Electrical conduits are increasingly being utilized in upcoming residential and
commercial buildings like malls, theatres, hospitals, etc.
Electrical
Conduit Market size is projected to reach USD 9.5
Billion by 2027 from an estimated USD 5.5 Billion in 2020, growing at a CAGR of
8.1% globally.
The new study is based on an
in-depth analysis of market data in the Laser Safety Products. The data offered
in the form of graphs and tables comes from a variety of primary and secondary
sources. As a result, the end user will have a solid understanding of the
market's fundamentals. Customers will also get information about the parent
industry from the market definition.
The
Major Players in the Electrical Conduit Market Include:
·
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
The market
has segmented the global Electrical Conduit market on the basis of type,
application, and region:
The Electrical Conduit market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By Type:
·
Rigid
·
Flexible
By
Application:
·
Building
& Construction
·
Industrial
Manufacturing
·
IT
& Telecommunication
·
Oil
& Gas
·
Energy
& Utility
·
Others
The market is divided into three
categories based on application: children, infants, and adults. During the
projected period, the Electrical Conduit Market is expected to be dominated by
the Children's application. Due to an increase in occurrences of acute diarrhea
and an increasing population of children under the age of five, Electrical
Conduit are in high demand.
By Regional Outlook (Revenue, USD Billion,
2017 – 2028)
Covid-19
Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had
devastating effects on several industry verticals globally. To constrain the
number of cases and slow the coronavirus spread, various public health
guidelines were implemented in different countries across the globe. COVID-19 protocols
range from declaring national emergency states, enforcing stay-at-home orders,
closing nonessential business operations and schools, banning public
gatherings, imposing curfews, distributing digital passes, and allowing police
to restrict citizen movements within a country, as well as closing
international borders. With the growing vaccination rate, governments are
uplifting the protocols to give a boost to the stagnant economy. Like other
industries, Electrical Conduit Market has experienced slow down growth, the however
market is expected to bounce back as restrictions are being lifted up by
governments across the globe.
IMR
presents a detailed study, and summation of data from multiple sources by an
analysis of key parameters. Our report on the Electrical Conduit market covers
the following areas:
·
Electrical
Conduit Industry Sizing Analysis
·
Electrical
Conduit Industry Forecast Analysis
· Electrical Conduit Market Industry Analysis
Reasons to Purchase this Report
·
Qualitative and
quantitative analysis of the market based on segmentation involving both
economic as well as non-economic factors
·
Provision of market
value (USD Billion) data for each segment and sub-segment
·
Indicates the region
and segment that is expected to witness the fastest growth as well as to
dominate the market
·
Analysis by geography
highlighting the consumption of the product/service in the region as well as
indicating the factors that are affecting the market within each region
·
Competitive landscape
which incorporates the market ranking of the major players, along with new
service/product launches, partnerships, business expansions and acquisitions in
the past five years of companies profiled
· Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
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