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.
· Building & Construction
· Industrial Manufacturing
· IT & Telecommunication
· Oil & Gas
· Energy & Utility
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