Persistence Market Research has revealed various facts on the electrical conduit pipe market in its recently published research report titled “Electrical Conduit Pipe Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. This research study is filled with incisive market insights and essential acumen and reflects various factors that have contributed to the growth of the global market. Along with the past market scenario, a glimpse of the future of the electrical conduit pipe market is also provided. The forecast analysis is for five years, from 2017 to 2025. This can assist the reader in slating important strategies based on present market conditions to achieve expansion in the coming years.
A 3600 view of the entire market
Research study on electrical conduit pipe market puts forth a global 3600 perspective. Main geographies across the entire globe are assessed and the trends, developments, opportunities, drivers and challenges in each region and sub region that have an influence over the growth of the market in the respective region are studied to get a clear picture of the global electrical conduit pipe market. Revenue pockets can be derived with such kind of intense market intelligence which is unbiased in nature and purely market centric thus portraying a global perspective in front of the reader.
Unparalleled research methodology for a unique research study
Persistence Market Research follows a one of a kind research methodology to glean vital and relevant market acumen. This research process ensures delivery of statistical data without errors, thus maximizing the accuracy of the research report. Secondary research in combination with primary research gives a clear market understanding based on which key players, market observers and opinion leaders are interviewed to check the reliability of the data and to add other facets of the market. The uniqueness of this research process is the revalidation and re-evaluation of the data that takes place at each step during each interview and is continued till the conclusion of the market research. Based on these vital acumen, key analysis can be drawn and recommendations from domain experts are included in this intelligence report. The multiple cross checking of the data ensures a highly accurate market scenario which can be directly used by the reader to chalk informed decisions.
The research report on global electrical conduit pipe market includes an in-depth analysis on each segment of the market. The five level market segmentation covers material type, product type, end use, application and region.
Competitive evaluation is a critical component of the report
The research report on global electrical conduit pipe market covers analysis on key companies dealing with electrical conduit pipes. Various aspects such as SWOT analysis, key developments, innovations, product portfolio, financials and company overview are included in this section of the report. The reader can gain intelligence on the major players that have a good hold in the market, based on which new strategies can be devised to gain an edge on the competition. The weighted market analysis on global electrical conduit pipe market delivers value to the reader by providing drinkable insights, ready to use statistical analysis and recommendations without biasness in order to plan future expansion strategies and also to gain stability in the changing dynamics of the global market.
As stated by Persistence Market Research, the global electrical conduit pipe market is anticipated to grow at a steady rate to reach a significant value by the end of the assessment period. The electrical conduit pipe market has been consistently growing since 2012 with a slow growth rate. In 2017, the global electrical conduit pipe market reflected a value of about US$ 25 Bn and is estimated to reach a market valuation of more than US$ 33 Bn by the end of the period of assessment. The global market is projected to register a CAGR of 3.5% throughout the period of forecast, 2017-2025.
Growing urbanization increases demand for electrical conduit pipe. It is estimated that China, the U.S. and India are prominent regions where rural areas are being converted into urban areas and these countries will collectively be responsible for more than a 50% share of the growth in the construction industry by the end of 2020. With this continuous growth in the building & construction industry, the demand for electrical conduit pipes is expected to increase over the forecast period with the increase in urbanization. Moreover, increasing projects in the field of electrification and power supply also provide ample opportunity for the growth of the electrical conduit pipe market.
Plastic material to gain popularity in the global market in the near future
The plastic segment in the material category is expected to grow at a high rate as compared to the metal segment in the coming years. The plastic segment is valued a little over US$ 16 Bn in 2017 and is estimated to reach a value of around US$ 23.5 Bn. It is projected to grow at a CAGR of 4.6% throughout the period of forecast. This segment is expected to be highly lucrative and shows increased adoption owing to various benefits it provides, thus leading the global market. On the other hand, the metal segment is expected to grow at a sluggish rate in the coming years. Metal segment is estimated to be valued at around US$ 11.6 Bn by the end of 2025.
HDPE sub segment to largely contribute to the growth of the parent category
The plastic segment is further categorized by HDPE, LDPE, PVC and others. Of these, the HDPE sub segment is soaring across the globe in terms of usage. This higher adoption has resulted in this sub segment to be highly attractive and can be considered worth investing in. The HDPE sub segment is projected to grow at a higher pace to register a CAGR of 5.1% throughout the forecast period and is estimated to reach a value of US$ 7555.5 Mn by the end of the period of assessment. This segment has shown continuous growth since past couple of years and is likely to continue this trend during 2017-2025, thus largely contributing to the growth of the plastic segment in the present scenario as well as in future.
In the metal segment, aluminium exhibits higher strength in terms of market value and is the leading sub segment. It is estimated to reach a value of about US$ 6 Bn by 2025. The steel segment also reflects high growth path and is expected to showcase a higher growth rate as compared to aluminium sub segment to register a CAGR of 2.8% during the forecast period.