According to a new industry research information published by Credence Research “Electrical Conduit Systems (Rigid & Flexible; Metallic & Non-metallic) industry - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022” the global electrical conduits industry 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.
Industry 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 industry. 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 industry 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 industry growth. Nevertheless, the industry faces significant challenges due to higher costs of conduit systems coupled with availability of alternatives.
Competitive Insights
The overall electrical conduit systems industry is fragmented in nature with large number of players operating in the industry globally. However, the industry scenario varies largely across each of the major geographies. For instance, the industry 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 industry penetration difficult for any single player. On the contrary, North America industry 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 industry 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
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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Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
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