According to a recent market study published by Growth Market Reports, titled, “North America Electrical Conduits & Fitting Accessories Market by Material, By Product Type, and by Country: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 7,436. Mn in 2021 and is anticipated to grow at a growth rate of 6.6 % by the year 2030.

Get Sample Report @ https://growthmarketreports.com/request-sample/5420

The North America Electrical Conduits & Fitting Accessories Market was valued at USD 7,436.7 Mn in 2021 and is expected to reach USD 13,557.5 Mn in 2030, expanding at a CAGR of 6.6 % during the forecast period. The overall incremental opportunity is estimated to be USD 5,440.7 Mn from 2022 to 2030.

A piping system called an electrical conduit, is used to transport electrical wiring in residential, commercial, and industrial applications. Conduits are used to protect the encased wiring from corrosion, mechanical harm, and fire. They are available in different sizes with accessories such as junctions, clamps, bends, T- shapes, C-shapes, and L-shapes.

A tube-shaped device called an electrical conduit is used to organize and protect the overall electrical wiring in a building or other structures. The use of electrical conduits is increasing as a precaution against fire, electrical supply problems, and other operational hazards. Conduits are very resistant to corrosion, waterproof, do not support combustion, and can withstand fire. Metals, polymers, textiles, or burnt clays are used in their construction.

The two types of electrical conduits are metal electrical conducts and non-metal conducts.

Metal Electrical Conduits

  • Electrical Metal Conduit (EMC)
  • Flexible Metal Conduits (FMC)
  • Rigid Metal Conduit (RMC)
  • Intermediate Metal Conduit (IMC)
  • Liquid-tight Flexible Metal Conduit (LMC)

Non-metal Electrical Conduits: Non-metallic conduit (NMC) is used for above-the-ground applications. This conduit needs to be robust, flame-resistant, and resistant to the effects of heat, sunshine, and low temperatures.

  • Non-metallic Conduit (NMC)
  • Rigid Polyvinyl Chloride (Rigid PVC)

Different electrical conduit materials include metallic and non-metallic. They are used in various end-use industries such as building and construction, industrial manufacturing, IT & telecom, oil & gas, energy & utility, and others.

Electrical conduits are further segmented into two types

  1. Rigid Electrical Conduits: Rigid electrical conduit is typically used outdoors to provide protection from damage and offer structural support for electrical cables, panels, and other equipment.
  2. Flexible Electrical Conduits: Flexible electrical conduit has a spiral construction that makes it flexible, allowing it to snake through walls and other structures. It is generally used in dry indoor locations, often for short runs between a wall box and a motor or fixed appliance, such as a garbage disposer.

Rapidly growing world population and economic development and surge in urbanization have significantly increased the demand for energy in the past years. According to the World Bank, over 50% of the population lives in urban areas globally. The world's urban population is estimated to increase by 1.5 times to 6 billion by 2045. Expanding infrastructure and building & construction sectors are responsible for driving the demand for electrical conduit. High demand for electric cables from the infrastructure industry is driving up the usage of electrical conduits.

But also, factors such as Raw materials used for the production of electrical conduits are susceptible to volatile prices. Fluctuations in the prices affect the profit margin of manufacturers. Raw materials employed for electrical conduits include plastic, stainless steel, and aluminum. The key factor causing fluctuations in the prices of raw materials includes volatility in the prices of energy and crude oil. Suppliers can raise the price of their goods or reduce their profit margins in response to rising raw material costs, which is likely to impede the market.

Key Takeaways from the Study

  • Key players operating in the market Atkore, Zekelman Industries, ABB, Nucor, JM Eagle, Inc, Dura-line (Orbia), IPEX (Aliaxis Group SA), Cantex Inc, Aegion Corporation, Electri-Flex Company. These companies are considered key manufacturers of metal stamping based on their revenue, research development (R&D) activities, Gauge Type offerings, regional presence, and supply chain management system.
  • Based on material, the North America electrical conduits & fitting accessories market is segmented into metallic (stainless steel and aluminum), and non-metallic (PVC, HDPE, PP, and others). The non-metallic conduits segment is projected to expand at a significant CAGR during the forecast period. Non-metallic conduits are rigid and flexible conduits. These conduits are lightweight, flexible, and simple to install. Non-metallic conduit provides resistance to corrosion and effective protection against moisture infiltration. Non-metallic materials such as PVC, PP, and HDPE are utilized for electrical conduit. Non-metallic conduits are flame retardant, durable, and resistant to the effects of heat, sunlight, and low temperatures if it is to be used above the ground.
  • Based on product type, the North America electrical conduits & fitting accessories market is segmented into electrical conduits, fittings, flexible conduits, and utility boxes. The flexible conduits segment is projected to expand at a significant CAGR during the forecast period. Flexible electrical conduit is significantly simple to use as compared to rigid metal or plastic conduit, due to the absence of bend. The market share of the electrical conduit segment is expected to grow to its protective properties. Electrical conduits provide more protection than flexible conduits.
  • Based on the end-use industry, the North America electrical conduits & fitting accessories market is categorized as building & construction, industrial manufacturing, IT & telecommunications, oil & gas, energy & utility, and others. The building & construction segment is projected to expand at a significant CAGR during the forecast period due to growing demand for safe and secure wiring systems in commercial and industrial applications. According to the American Institute of Architects (AIA) semi-annual study, the commercial building industry is expected to capture the majority of the benefits, and the growing demand for better infrastructure provides the opportunity for electrical conduit systems.
  • Based on the country, the North America electrical conduits & fitting accessories market is categorized as the U.S. and Canada. The U.S. region is projected to expand at a significant CAGR during the forecast period, as there are many domestic and foreign manufacturers in the country, which has a highly fragmented market for metallic materials. Canada is leading with the second-highest market share because of the rising costs of metallic materials for new homes and the construction of commercial structures, which creates the potential for the conduit fittings industry to expand.

Scope of  North America Electrical Conduits & Fitting Accessories Market Report

Report Metric

Details

Market Value in 2021

USD 7,436.7 Mn

Market Growth Rate (from 2015 to 2030)

6.6 %

Historical Data

2015 - 2020

Base Year

2021

Forecast Period

2022 - 2030

Units Considered

Value (US$ Million)

Market Segments

By Material, By Product Type, By End-Use Industry

Key Companies Profiled

Atkore, Zekelman Industries, ABB, Nucor, JM Eagle, Inc, Dura-line (Orbia), IPEX (Aliaxis Group SA), Cantex Inc, Aegion Corporation, Electri-Flex Company

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

 

Target Audience

  • Supply-side: Manufacturer, distributors, wholesaler, and Supplier.
  • Demand Side: Building & Construction, Industrial Manufacturing, IT & Telecommunications, Oil & Gas, Energy & Utility, Other industries