Global Market Study on Electrical Conduit Pipe: Sales Remain Influenced by Environmental Concerns Surrounding Plastics


Electrical Conduit Pipe  Market
  • Published On : Sep-2019 |
  • Pages : 264 Pages |
  • Format :

 Electrical Conduit Pipe Market - Scope of the Report

Persistence Market Research (PMR) recently published a market research report on the global electrical conduit pipe market. The report provides detailed assessment on the key market dynamics such as drivers, trends, opportunities, restraints, and detailed information about the electrical conduit pipe market structure. The market research report represents exclusive facts and figures about how the electrical conduit pipe market will rise over the forecast period of 2019-2029.

Key indicators of the market growth, such as supply chain and value chain analysis, Compounded Annual Growth Rate (CAGR), and Year-on-Year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the electrical conduit pipe market over the foreseen years.

The study is relevant for investors in the electrical conduit pipe market, including electrical conduit pipe stakeholders, distributors, suppliers, and manufacturers, and it can also help them understand appropriate strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the electrical conduit pipe market can leverage the information and data presented in PMR’s study.

The report includes statistics and facts related to the macro as well as microeconomic factors that are impacting developments in the market. The report also offers actionable insights based on the future trends in the electrical conduit pipe market. Furthermore, small players and new entrants in the electrical conduit pipe market can also use the information presented in this report to make business decisions and gain momentum in the market.

Key Segments of the Electrical Conduit Pipe Market

PMR’s study on the electrical conduit pipe market is divided into five significant segments such as material type, end-use industry, product type, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

Material Type

End-use Industry

 Product Type

Application

   Region

Plastic Pipe

  • PVC
  • HDPE
  • PP
  • Others

Residential

Rigid Conduit Pipes

Electrical Wire Cables

North America

Metal Pipe

  • Steel
  • Aluminium

Commercial

Flexible Conduit Pipes

IT & Telecommunication

   Latin America

Industrial

Europe

Asia Pacific

Middle East and Africa

Key Questions Answered in PMR’s Electrical Conduit Pipe Market Report

  • Which regions are expected to prevail as the prominent markets over the foreseen years?
  • Which factors will be pivotal driving factors for spurring the demand for electrical conduit pipes over the forecast period?
  • How current trends will be impacting the electrical conduit pipe market?
  • How can market players capture low-hanging opportunities in the electrical conduit pipe market in developed regions?
  • Which are the prominent players in the electrical conduit pipe market?
  • What are the crucial strategies of the prominent players in the electrical conduit pipe market to upscale their position in this landscape?

Electrical Conduit Pipe Market: Research Methodology

In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the electrical conduit pipe market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by assistant analysts to ensure precision and reliability of the conclusions.

Secondary resources are referred by analysts during the evaluation of the electrical conduit pipe market study, which comprises of the facts and figures from governmental authorities, white papers, trade journals, and external and internal exclusive databases. Analysts have thoroughly interviewed several industrial experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.

Comprehensive information acquired from primary resources and secondary resources are validation from companies in the electrical conduit pipe market to make PMR’s projection on the growth prospects of the electrical conduit pipe market more accurate and reliable.

The global demand for electrical conduit pipes is directly correlated to the infrastructural development activities. Rising residential and commercial building construction owing to the increasing population and rapid urbanization, is expected to drive the electrical conduit pipe market. Furthermore, growing investments in the telecommunication industry for the development of faster network capabilities is estimated to drive the electrical conduit pipe market over the forecast period.

Replacement of old worn-out pipes with new corrosion resistant and high strength electrical conduit pipes, and increasing industrialization are some factors, which are expected to drive the demand for electrical conduit pipes over the forecast period.

For instance, in India, initiatives to meet the electricity needs have been undertaken rapidly, especially in villages, where more than 85% villages have been electrified. This trend has prompted an increase in power generation and installed base, and formed a wider transmission and distribution network in India. Though the supply of electricity is still below par in most of the newly electrified villages, efforts are being made to meet the demand and provide uninterrupted power supply. The government has further planned to electrify ~5.5Cr households by 2018, stimulating higher sales of electrical equipment to efficiently supply electricity to each household, propelling the electrical conduit pipe market.

electrical conduit pipe market

The electrical conduit pipe market has been deeply affected by the instability in the price of crude oil in the past few years. Decrease in crude oil prices will directly impact the manufacturing cost of electrical conduit pipes over the forecast period.

Growing commercial and industrial activities boosting the demand for electrical conduct pipes due to its wide spread consumption during the construction of residential, commercial, and industrial buildings.

According to the United Nation, the urban population has grown rapidly from ~751 Mn in 1950 to ~4.2 Bn in 2018. Asia, regardless of its moderately low level of urbanization, is home to ~54% of the world’s urban population, followed by Africa and Europe with ~13% each. Moreover, the urbanization in Asia is now close by ~50%. In contrast, Africa remains mostly rural, with ~43% of its population living in urban areas. The global rural population is now ~3.4Bn and is estimated to rise slightly and drop to ~3.1Bn by 2050. By 2030, it is anticipated that there will be 43 megacities with more than 10 million inhabitants worldwide, most of them in developing regions.

Market Expansion by Manufacturers to Increase their Global Footprint

Over the past five years, an increase in the number of consolidation and expansion activities have been witnessed in the electrical conduit pipe market. This can primarily be attributed to the efforts being made by companies to meet the rising demand for electrical conduit pipes, gain access to high-growth markets of Asia Pacific, and strengthen their foothold in regions. For instance, the Indian Railway network stretches more than 67,000 RKMs (Route Kilometers) in the country, out of which, 27,999 RKMs have been electrified by the end of March 2016, based on the statistics published by the Ministry of Railways. This electrification propels the electrical conduit pipe market in the region.

Power Generation Segment to Remain Standstill

Power generation is correlated with the growth of the electrical conduit pipe market. For proper distribution of electric power, electrical conduit pipes are very important. It has been reported that the electrical power generation potential in MEA is high enough to provide electricity to every household in the region, but due to poor transmission and distribution network, continuous electricity reaches to less household than expected. If power generation plants are utilized with their full potential, then for next few years, the region will have the expected distribution network of electric power. This factor is expected to fuel the growth of the electrical conduit pipe market

Regulation on Plastic Production to Hinder the Market Growth

Government authorities have set guidelines to regulate the wastage of plastic and encourage recycling of plastics. These regulations are frequently proven to be restraints for the plastic production market and induce manufacturers to produce standardized products. These guidelines are also affecting the cost of manufacturing, and is expected to decrease the demand for plastic conduit pipes in the forecast period. Increasing plastic waste and strict norms regarding plastic products, are anticipated to impede the growth of the electrical conduit pipe market.

The recycling cost of plastic electrical conduit pipe 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 hence, governments across the globe are imposing several rules and regulations on the production and recycling of plastic materials. Attributing 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 and is directly affecting the electrical conduit pipe market.

North America Market Poised for High Penetration with Advanced Technologies

The North American electrical conduit pipe market is expected to grow at a CAGR of ~5% over the forecast period. This can mainly be attributed to the electronics industry. As many companies are expanding their presence by opening new operation centers across the North America region, the electronic and telecommunication industry is experiencing prompt growth. The electronic industry is one of the fastest growing industries, which directly impacts the electrical conduit pipe market. The expansion of electronics & telecommunication has resulted in the increasing demand for electrical conduit pipes to protect underground cables. This expansion of the telecommunication and electronics industry is expected to fuel the demand for electrical conduit pipes over the forecast period.

The anti-corrosion property of electrical conduit pipes reduce the replacement and maintenance cost of conduit pipes and is expected drive the electrical conduit pipe market. Galvanized steel pipes and stainless steels are some examples of metallic material type of electrical conduit pipes that possess anti-corrosion property and are in demand by the electronic industry.

Increasing Influence of Regional Players Driving the Market Growth

Presence of large number of unorganized players in the electrical conduit pipe market is anticipated to hold more than ~50% of the market share. Market players that comes under the organized sector have strong regional, sound operations, and sales infrastructure, majorly across the Asia Pacific with few of them having global presence. Key strategies are the expansion of manufacturing facilities and launching new products to strengthen their portfolio. These companies have acquired regional enterprises in domestic as well as overseas territories to have prominent shares in the electrical conduit pipe market.

In March 2016, Aliaxis Group S.A acquired the pipes business assets of Australia-based Zezt Pty Ltd., which is mainly engaged in the manufacturing of polyethylene pipes for fluid and gas transfer, telecommunication and ventilation, among other applications.

In 2016, Wienerberger AG acquired a plastic pipe producer company in Finland for increasing its footprint in the Western Europe electrical conduit pipe market.

In 2019, Aliaxis Group SA, manufacturer and distributor of electrical conduit pipes, acquired Silver-Line Plastics, which is a U.S.-based plastic pipe products manufacturing company.

In October 2016, Mexichem acquired Canadian plastic pipe manufacturer, Gravenhurst Plastics Ltd., to reinforce its value-added specialty products and provide HDPE and optic fiber conduits for the Canadian electrical conduit pipe market.

The Analyst’s Viewpoint

A comprehensive view of the electrical conduit pipe market has led our analysts to conclude that the market is growing at an impressive rate with North America and Asia Pacific holding a large portion of the global electrical conduit pipe market. The Asia Pacific market is expected to be an opportunistic market in terms of consumption. The rising per capita income and ongoing industrialization will create a positive impact on the electrical conduit pipe market owing to their applications in various end-use industries. The electrical conduit pipe market is characterized by the presence of few big players from Europe and the Asia Pacific. Electric wire cables and IT & telecommunication data cable applications are expected to dominate the global electrical conduit pipe market throughout the forecast period. Through an in-depth study, we found that telecommunication operations by various end-use industries are expected to propel the demand for electrical conduit pipes globally. The electrical conduit pipe market is expected to be characterized by innovative product development for varying end user applications over the forecast period. The impact of strict rules and regulations regarding plastic production in the electrical conduit pipe market will remain moderate globally. Strong financial position and technological innovations of key market players will also give impetus to the electrical conduit pipe market. The scope of replacement will boost the growth of the electrical conduit pipe market during the forecast period.

Company Profiles

  • Aliaxis Group S.A. 
  • Atkore International Holdings Incorporated
  • Mexichem SAB de CV 
  • JM Eagle, INC 
  • Cantex, inc
  • Wienerberger AG
  • Sekisui Chemical Co., Ltd. 
  • D. P. Jindal Group
  • Zekelman Industries Inc.
  • National Pipe and Plastics, Inc.
  • China Lesso Group Holdings Ltd.
  • Nan Ya Plastics Corp.
  • Premier Conduit Inc. 
  • International Metal Hose Company
  • OPW Corporation  
  • Sanco Industries Ltd.
  • Pipelife International GmbH 
  • ASTRAL POLYTECHNIK LIMITED

 

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