The global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts to contain power supply failures, health hazards, fires, and other operational failures.
Electrical wiring is directly related to the safety of human beings and equipment handled by people and therefore the demand for electrical conduits is constantly increasing. The scope of electrical wiring is also increasing for the supply, installation, testing and commissioning of branch outlets, conduits and fittings, switches, wiring, outlets, pull wires GI, junction boxes / pull boxes and ceiling roses.
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Electrical conduit is primarily used for routing and protecting electrical wiring and is made from a variety of materials including fiber, metal, plastic, and fired clay. The types of electrical conduits used industrially depend mainly on the material used to make the tube, its mechanical rigidity and the wall thickness of the conduit. The choice of conduit material also depends on corrosion resistance and mechanical protection, taking into account the cost factor.
According to the latest research conducted by GMI, the global electrical conduit market will surpass $9 billion by 2024.
Rise in demand for electrical conduits due to increasing power requirements in various sectors
Electrical conduit is widely used in large industries and manufacturing facilities that require the safety and reliability of their entire electrical power network. Hence, increasing measures to create a safe and operational environment in alignment with aesthetic proximities will support the expansion of the electrical conduit market.
The increase in metal mining activities along with the rapid development of railway infrastructure are also unfolding the development of the large-scale power grid which, in turn, is expected to increase the growth of the industry. Additionally, growing demand from the shipbuilding industry and large-scale manufacturing plants coupled with an increasing trend in the use of flexible wire and cable management systems will further drive the expansion of the market. electrical conduits during the forecast period.
Growing inclination towards diversified distribution networks
The growing trend in the use of diversified frequency distribution networks and the growing concern for the operations of energy-efficient products will increase the market share of electrical conduits over the estimated period. An increase in the demand for extra high voltage networks and the increase in the allocation of funds by private and administrative organizations will further stimulate the expansion of the industry.
Although the growth of the electrical conduit business faces challenges related to the integration of efficient non-metallic flexible conduit technologies, standardized product configurations, in addition to high replacement cost in large-scale industrial applications , continue to support the overall business landscape.
Asia-Pacific Electrical Conduit Market High Regional Growth Potential
The Asia-Pacific electrical conduit market will generate significant revenue over the forecast period, witnessing the growing electricity demand from several emerging regions. Major countries in Asia-Pacific, including India and other developing countries, continue to upgrade their existing power grids in an effort to meet the constant demand for electricity.
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The renewable energy sector accounted for USD 241.6 billion of investment globally in 2016, with an additional global capacity of 138.5 GW, of which Asia-Pacific countries contributed around 47%. Having maintained a commendable position in the energy ecosystem, APAC is poised to become a vital growth avenue for the electrical conduit market in the coming years.
Partial chapter of the table of contents
Chapter 2 Executive Summary
2.1 360 Electrical Conduit Market0 synopsis, 2013 – 2024
2.1.1 Trade trends
2.1.2 Trends in trade size
2.1.3 Ranking trends
2.1.4 Application trends
2.1.5 End-use trends
2.1.6 Regional trends
Chapter 3 Overview of Power Cables Industry
3.1 Industry Segmentation
3.2 Industry Landscape, 2013-2024 (Million USD)
3.3 Industry Ecosystem Analysis
3.3.1 Supplier matrix
3.4 Regulatory landscape
18.104.22.168 UL 651
22.214.171.124.1 Standard for Rigid PVC Schedule 40, 80, Type EB and A PVC Conduit and Fittings
126.96.36.199.2.2 Schedule 40 and 80 Conduits and Fittings
188.8.131.52.2.3 Type EB and A Conduit and Fittings
184.108.40.206 UL 651A
220.127.116.11.1 Schedule 40 and 80 High Density Polyethylene (HDPE) Ducts
18.104.22.168.3 NFPA 70 – National Electrical Code
22.214.171.124 Federal Regulations, Parts 110-113.
126.96.36.199 NEMA TC 6 and 8
188.8.131.52 NEMA TC 3
184.108.40.206 NEMA TC2
3.5 Cable Management Systems Landscape
3.5.1 Cable management systems – IEC SC 23A
3.5.2 Contribution to electrical safety:
220.127.116.11 Basic principles
18.104.22.168 Electrical conduits, tubes and cable trays, and raceways
22.214.171.124 Fittings for conduits, tubes and cables
126.96.36.199 Supports for conduits, tubes and cables
188.8.131.52 Electrical boxes
3.6 Trend in transmission and distribution losses
3.7 Transmission Network USD Breakdown
3.8 Main customer requirements
3.9 Customer Group Requirement
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