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Global Electrical Conduit Pipes Market by Material Type (Plastic Pipe and Metal Pipe)
[277 Pages] Persistence Market Research estimates that global electrical conduit pipes revenue will reach US$ 32,809.8 million in 2023. The demand for electrical conduit pipes will accelerate with the presence of several manufacturers across the globe, with leading players holding a prominent share of the global electrical conduit pipes market in 2022. The electrical conduit pipes market as a whole is expected to reach US$ 52,434.4 million by 2032, growing at a CAGR of 4.8% from 2023 to 2033.
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Global Electrical Conduit Pipes Market Size (2022A) |
US$ 31,388.7 Mn |
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Global Electrical Conduit Pipes Market Size (2023E) |
US$ 32,809.8 Mn |
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Projected Electrical Conduit Pipes Market Value (2033F) |
US$ 52,434.4 Mn |
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Value CAGR (2023-2033) |
4.8% |
The electrical conduit pipe market has noted considerable expansion due to increasing usage of conduit pipes across end-use markets. These conduit pipes are essential to various industries, showing widespread applicability across a range of applications from electrical wire cables to IT & communications. The rapid development and expansion of urban communities will create opportunities for currently ongoing and upcoming multifamily, commercial, and industrial projects and are expected to grow in the coming years.
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From 2017 to 2022, the market for electrical conduit pipes experienced significant demand from the residential and industrial sectors.
The demand for electrical conduit pipes has witnessed significant growth in the last few years, which is due to the increasing population and rapid urbanization of ongoing and upcoming residential and commercial projects, where these pipes are used on a large scale. Electrical conduit pipes have been consistently employed in residential, commercial, and industrial sectors.
Owing to the economic crisis caused by the COVID-19 pandemic, production and supply chain activities have seen a minor slump, yet consumption will improve with the economic recovery post-containment period following the pandemic. The electrical conduit pipes market growth is also projected to be affected by the COVID-19 pandemic crisis and is expected to witness a significant plunge in demand in 2020.
The market is likely to gain significant growth from the launch of new electrical conduit pipes with advanced properties in the near future. This will not only help end-use industries address safety concerns but will enable accident-free operations with low maintenance and an extended life. Some leading manufacturers already have launched high-resistance electrical conduit pipes in the market, and several others are likely to follow suit to keep pace with the dynamic environment.
According to persistence market research, the sales of electrical conduit pipes is estimated to grow at a modest CAGR of 4.8% between the projection period 2023 to 2033, owing to demand saturation of new project cycles within the period.
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Get a Customized VersionAccording to PMR, there is growing demand for electrical conduit pipes and it will be primarily driven by demand arising from residential and commercial sectors for variety of applications. The new R&D of electrical conduit pipes offer beneficial opportunities in both the residential and commercial sectors. The new developments will aid growth of electrical wire cables and IT & telecommunications applications, and will enable enhanced compatibility with future appraisal and development activities.
Also, infrastructure developments in the government sector are increasing at a fast pace. Electrical wiring at public places and street lights and an increase in the number of traffic signals are some examples of infrastructure development, which are also responsible for the growth of the electrical conduit pipe market.
The construction industry, which comprises residential, commercial, and industrial sectors, has a substantial demand for electrical conduit pipes. This industry is growing steadily across the globe and has resulted in an increase in the demand for the raw materials used in the construction industry. Conduit pipes are an imperative part of the construction industry for applications such as electrical wiring for electricity supply, the installation of circuit boxes and HVAC systems, and the laying of internet and telecommunication cables. Thereby propelling the consumption of electrical conduit pipes in the forecast period.
The recycling cost of plastic conduit pipes is high, which in turn is expected to obstruct the growth of the electrical conduit pipe market. Environmental safety is a topic of utmost concern, and governments across the globe are imposing several rules and regulations on the production and recycling of plastic materials. Due to the legal requirements that have been enforced to protect the environment, incineration and landfilling might be restricted in the next few years. This factor is responsible for the increase in the recycling cost of plastic materials.
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How U.S market is contributing in the growth of overall market?
According to persistence market research, North America is expected to continue to be one of the most lucrative markets throughout the course of the forecast period. Growth in the infrastructure industry is one of the key aspects that is supporting market expansion.
Since the U.S. is the second-leading country in the construction gross value added index in the global construction industry, the pace of new commercial projects has accelerated, which is anticipated to boost overall sales of electrical conduit pipes throughout the projected period.
Due to these reasons, the United States continues to be one of the world's major markets for electrical conduit pipes and is projected to become a lucrative market for key market participants.
What is the scope for targeted market growth in Germany?
Germany's electrical conduit pipe market, which holds the greatest market share in Europe, is predicted to hold around 30% in the assessment period. German firms have been gradually building up new consumer bases in recent years. Due to the strong growth of the German business sector, the market for electrical conduit pipes in Germany is expected to expand at a CAGR of 4.8% from 2023 to 2033. The demand for commercial establishments is favorable, which suggests that the market will likely be constant throughout the projected period.
What is the outlook of India Electrical Conduit Pipes Market?
The South Asia and Pacific market is dominated by the Indian electrical conduit pipe market. With rising investment in residential and commercial developments, the residential and commercial sectors have developed as a market area for electrical conduit pipes. India is predicted to develop significantly in the South Asia and Pacific electrical conduit pipes market between 2023 and 2033, with a CAGR of 5.1% and rising investment in residential and commercial developments as these sectors are the emerging segments for the market's growth.
During the projected period of 2023–2033, the Indian electrical conduit pipes market experienced considerable growth due to government initiatives like the Smart Cities Program, Pradhan Mantri Awas Yojana, and other programs aimed at improving residential and commercial facilities.
Which product type accounts for the highest demand for electrical conduit pipes?
The flexible segment is projected to be the fastest-growing segment in the overall market as it is lightweight, typically less expensive compared to others, versatile, and easy to install. This product type is easy to work with compared to others as it involves no bending. Hence, the flexible electrical conduit pipes are pegged to expand at a CAGR of 5.5% during the projection period of 2023–2033, which is the highest growth rate among material type segment.
Which end-use industry has the predominant share in the global electrical conduit pipe market?
Due to the strong demand for electrical conduit pipes in new, continuing, and upcoming residential projects all over the world, the residential sector holds the greatest market share in the end-use industry category of the global market for electrical conduit pipes. In addition to this, there is rising demand for commercial spaces across all end-use industries. New and expanding commercial establishments around the world generate a healthy demand for electrical conduit pipes, moving the commercial sector into second place behind the residential segment in the global market. The residential and commercial segments collectively holds 70% of the overall market and is expected to grow with the considerable growth rate during the forecast period.
The electrical conduit pipes market is a consolidated market where key players hold major market value share. The manufacturers are highly focused on strong research and development activities with innovations. Companies operating in the electrical conduit pipe market are aiming for strategic collaborations with end users and regional distributors to address the requirements of an expanding customer base. Furthermore, the advent of online sales channels is also expected to create positive growth prospects for the growth in demand for electrical conduit pipes. Some of the leading companies operating in the market are Wienerberger AG, Aliaxis Group S.A., Sekisui Chemical Co., Ltd., Atkore International Group Inc., China Lesso Group Holdings Ltd., Nan Ya Plastics Corp., Zekelman Industries Inc., Orbia Advance Corporation, OPW Corporation, and others.
For instance, in February 2021, Atkore International Group Inc. acquired FRE Composites Group, a leading manufacturer of fibreglass conduit solutions for the transportation, electrical, telecommunication, and infrastructure sectors. This acquisition helps the company expand its product portfolio.
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Attribute |
Details |
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2017-2022 |
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Market Analysis |
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Key Regions Covered |
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Key Countries Covered |
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Key Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon Request |
By Material Type
By End Use Industry
By Product Type
By Application
By Region
China currently leads the global market for electrical conduit pipes. Sales in China will be over 15% of total demand throughout the forecast period.
HDPE electrical conduit pipes has significant demand across end-use industries. The demand for HDPE conduit pipes are expected to remain high in the near future, especially due to corrosion, abrasion, chemical resistant properties in wide range of end-use industry applications and intense penetration in all regions.
Electrical Conduit Pipes are widely used in residential sector. The increasing population and rapid urbanization, is expected to steer the electrical conduit pipe market.
Some of the leading companies manufacturing electrical conduit pipes are Wienerberger AG, Sekisui Chemical Co., Ltd., Atkore International Group Inc., China Lesso Group Holdings Ltd., Nan Ya Plastics Corp., Aliaxis Group S.A., Orbia Advance Corporation, Zekelman Industries Inc. etc.
Electrical wire cables segment is most used electrical conduit pipes across end-use industries and also having more total sales of electrical conduit pipes in this segment. Henceforth, Electrical wire cables segment is driving the global electrical conduit pipes market.
