Electrical Conduit Market: Overview
Electrical conduit is a tube shape device used to protect and align the overall electrical wiring in a building or structure. Growing measures to overcome fire, electrical supply faults, and other operational hazards is boosting the use of electrical conduits. Conduits are highly corrosion resistant, water proof, do not support combustion, and are fire resistant. They are made from metals, plastics, fibers or fired clays. Mostly the conduits are rigid, however in some case flexible conduits are used.
Electrical Conduit Market: Drivers & Restraints
Earlier electric lighting installations made use of existing gas pipes. They were used to serve gas light fixtures which were converted into electric lamps. However, most of electric codes that are presently available disallow the routing of electrical conductors through gas piping due to the damage to electrical insulation from rough interiors of gas pipes and fittings that are used for gas. The global electrical conduit market is projected to expand due to growing safety measures and upgrade of traditional gas pipe methods.
An electrical conduit system can also be used for underground electrical wiring purpose. Electrical conduits can be installed underground between structures or buildings for power and communication cables. These underground conduits are known as duct bank. The application of electrical conduit has made maintenance of electrical wiring safe and simple. Steel electrical conduit the system is expensive. This is likely to inhibit the electrical conduit market. Furthermore, electrical conduit is less esthetically appealing as compared to the concealed wiring system. This, in turn, is projected to hamper the electrical conduit market.
Electrical Conduit Market: Key Segments
The global electric conduit market can be segmented based on material, type, application, end-user, and region. In terms of material, the electrical conduit market can be classified into metals and non-metals. The metal electrical conduit consists of rigid metal conduit (RMC), galvanized rigid conduit (GRC), intermediate metal conduit (IMC), and electrical metal tubing (EMT). Metal electrical conduits are used in commercial and industrial buildings. The non-metallic conduit can be classified as polyvinyl chloride ( PVC), reinforced thermosetting resin (RTRC), rigid non-metallic (RNC), electrical non-metallic tubing (ENT). Non-metal electric conduits such as PVC cost lesser than other forms of conduits and are light in weight as compared to steel conduit materials. They are extensively used for residential establishments. Based on type, the electrical conduit market can be categorized into rigid and flexible. The flexible electrical conduit are classified as flexible metallic conduit (FMC), liquid-tight flexible metal conduit (LFMC), flexible metallic tubing conduit (FMT), liquid-tight flexible non-metallic conduit (LFNC). Flexible conduit are used where isolation from vibration is required. In terms of application, the electrical conduit market can be segregated into IT & telecommunication, data cables, and electric wire cables. Based on end-user, the electrical conduit market can be segmented into residential, industrial, commercial, and utility.
Electrical Conduit Market: Regional Outlook
Based on region, the global electrical conduit market can be split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is projected to lead the global electrical conduit market during the forecast period. The electrical conduit market in Asia Pacific is anticipated to expand due to the increase in demand for electricity from emerging economies. Developing countries such as India and China are expected to create lucrative opportunities due to the rise in investment in infrastructure and power plants in these countries to meet the rising demand for electricity. The electrical conduit market in North America and Europe is anticipated to expand at a rapid pace. Latin America and Middle East & Africa constitute for a moderate share of the global electrical conduit market.
Electrical Conduit Market: Key Players
The key players operating in the global electrical conduit market are Schneider Electric, Legrand S.A, Robroy Industries, Inc, Dura-Line, ABB Installation Products Inc., Hubbell, Inc., HellermannTyton, Aliaxis SA., and Calpipe Industries, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.