Electrical Conduit Systems Market: Industry Survey and Industry Outlook 2024 by Credence Research

As stated in a new market research report published by Credence Research “Electrical Conduit Systems (Rigid & Flexible; Metallic & Non-metallic) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022” the global electrical conduits market was valued at US$ 3,954.1 Mn in 2014 and is estimated to expand with a CAGR of 9.2% from 2015 to 2022.
Market Insights
Electrical conduit systems form a subset of cable management systems which are used for carrying cables and wires. Conduits are tubular raceways designed for protection and routing of electrical cables/wires. The electrical conduit system comprises tubing (conduit) and the required fitting components such as elbows, clamps, connectors and others. The most popular types of electrical conduits include galvanized steel rigid conduits (GRC), electrical metallic tubing (EMT), intermediate metal conduit (IMC), aluminum rigid conduit and PVC conduit. By far, GRCs account for the largest share, in terms of revenue, in the global market. However, in terms of penetration, PVC conduit systems account for the largest share worldwide.
Browse the full report at (Electrical Conduit Systems Market - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2021)http://www.credenceresearch.com/report/electrical-conduit-systems-market
The electrical conduit systems market is largely driven by the ever-rising construction industry worldwide. Due to growing construction activities across the industrial, commercial and residential sectors, the demand for electrical conduit systems is expected to remain consistent in the coming years. Further, superior advantages over other wiring methods is another major factor propelling the market growth. Nevertheless, the market faces significant challenges due to higher costs of conduit systems coupled with availability of alternatives.
Competitive Insights
The overall electrical conduit systems market is fragmented in nature with large number of players operating in the market globally. However, the market scenario varies largely across each of the major geographies. For instance, the market in Asia Pacific is more fragmented and unorganized as compared to that in North America and Europe. This is due to large number of regional players in the region making higher market penetration difficult for any single player. On the contrary, North America market is quite consolidated with some of the major players such as Atkore International, Inc., Thomas and Betts Corporation, Robroy Industries, Inc. and others accounting for substantial market share.
Key Trends
• Penetration in emerging economies having booming construction industry
• Focus on providing halogen free and green conduit systems suitable for food and healthcare applications
• Emphasis on providing conduit systems to the industrial segment due to its high profitability
• Focus on online sales due to growing online retail industry
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ToC:
Chapter 1 Preface 14
1.1 Report Description 14
1.1.1 Purpose of the Report 14
1.1.2 Target Audience 14
1.1.3 USP and Key Offerings 14
1.2 Research Scope 15
1.3 Research Methodology 16
1.3.1 Phase I – Secondary Research 16
1.3.2 Phase II – Primary Research 17
1.3.3 Phase III – Expert Panel Review 17
1.3.4 Assumptions 18
1.3.5 Approach Adopted 18
Chapter 2 Executive Summary 19
2.1 Market Snapshot: Global Electrical Conduit Systems Market 19
2.2 Global Electrical Conduit Systems Market, By Product 20
2.3 Global Electrical Conduit Systems Market, By Material 21
2.4 Global Electrical Conduit Systems Market, By Application 22
2.5 Global Electrical Conduit Systems Market, By Geography 23
Chapter 3 Market Dynamics 24
3.1 Introduction 24
3.1.1 Global Electrical Conduit Systems Market Revenue and Growth, 2013 – 2022, (US$ Mn) (Y-o-Y %) 24
3.2 Key Trends Analysis 25
3.2.1 Evolution of Electrical Conduit Systems 25
3.2.2 Recent Trends and Outlook 26
3.3 Market Drivers 28
3.3.1 Rising construction industry worldwide 28
3.3.2 High advantages of Electrical Conduit Systems over other wiring methods 28
3.3.3 Availability of Large Number of Electrical Conduit Type 29
3.4 Market Growth Inhibitors 30
3.4.1 High Initial and Labor Costs of the Electrical Conduit Systems 30…
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