Electrical Conduit Pipe Market

Global Market Study on Electrical Conduit Pipes: Demand Surging for Fire- and Water-resistant Conduit Pipes for Residential & Commercial Projects

About the Report

Demand for electrical conduit pipes has witnessed significant growth in the last few years, which is projected to continue over the next ten years as well, due to increasing usage across end-use industries. Conduit pipes are essential, exhibiting usefulness across diverse applications, including electrical wire cables and IT & telecommunication. Increasing population and rapid urbanization will create significant opportunities for ongoing and upcoming residential and commercial projects, where these pipes will be used on a large scale.

In its new study, ESOMAR-certified market research and consulting firm Persistence Market Research offers insights about key factors fueling the demand for electrical conduit pipes. The report tracks global sales of in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the construction industry in general, and electrical conduit pipes in particular.

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Companies

  • Aliaxis Group S.A.
  • Sekisui Chemical Co., Ltd.
  • Wienerberger AG
  • National Pipe & Plastics Inc.
  • Cantex Inc.
  • Atkore International Group Inc.
  • Orbia Advance Corporation
  • Astral Polytechnik Limited 
  • China Lesso Group Holdings Ltd.
  • JM Eagle, Inc.
  • Nan Ya Plastics Corp.
  • D.P. Jindal Group
  • Pipelife International GmbH
  • Zekelman Industries Inc. 
  • OPW Corporation
  • Premier Conduit Inc.
  • International Metal Hose Company
  • Sanco Industries Ltd.

What Does Future Outlook Look for Electrical Conduit Pipes in Comparison to Historic Patterns?

Facing challenges such as fire safety and other efficiencies has always been one of the prime concerns of end users. Choosing correct electrical conduit pipes for specific applications has been difficult for end-use industries, hence, manufacturers have increased the number of features and efficiency in these with respect to industry-specific applications to fulfil industry requirements.

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 tackle safety concerns but will enable accident-free operations with low maintenance and 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’s analysis, electrical conduit pipes sales have grown at a modest CAGR from 2016 to 2020, owing to demand saturation of new project cycles within the period. The next wave of growth is expected to originate from the year 2021.

Electrical conduit pipes have been consistently employed in residential, commercial, and industrial sectors. Owing to the ongoing crisis caused by the COVID-19 pandemic, production and supply chain activities have seen a minor slump, yet, consumption will improve with economic recovery post the containment period following the pandemic.

The COVID-19 pandemic has had a severe impact on the global economy at various levels, and the impact is seen on end-use industries as well.  The growth of the electrical conduit pipes market is also projected to be affected by the pandemic crisis, and witnessed a significant plunge in demand in 2020. With a number of end-use industries affected in regions such as North America, East Asia, and South Asia Pacific, supply and shortage in demand are expected to result in a significant drop in Y-O-Y growth. Yet, Persistence Market Research expects the global electrical conduit pipes market to expand at a steady CAGR of close to 5% through 2031.

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What is the Commercial Potential of Electrical Conduit Pipes?

Electrical conduit pipes are mostly used in the residential sector to protect and route electrical wiring. These pipes outperform traditional pipes with increased durability and reliability, and lower ownership cost. The pipes protect wires used in exposed locations, such as along the exterior surface of a wall. A wide range of fire-resistant and water-resistant variants accommodates the best potential in targeted applications across industries.

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Why is R&D Key to Market Consolidation?

Prime manufacturers of electrical conduit pipes are investing more on research & development activities to manufacture high-resistance conduit pipes. Competitive price offerings, increase in end-user satisfaction regarding performance, and use of advanced technologies are the end results of R&D activities. Increasing research & development activities through collaborations or partnerships help companies in launching new and innovative products in the market.

Moreover, establishing sales and service facilities in emerging countries, coupled with long-term partnerships with regional distributors, also paves the way for the expansion of channel reach.

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Country-wise Insights

Why Does the U.S. Have Huge Potential for Electrical Conduit Pipes?

Persistence Market Research has projected North America to remain as one of the most lucrative markets throughout the course of the forecast period. One of the key factors supporting this growth is the construction industry in the country.

As the U.S. is the second-leading country in construction gross value added index in the world, new commercial projects have accelerated, and are expected to increase total sales of electrical conduit pipes over the forecast period.

Attributing to these factors, the U.S. remains one of the largest markets for electrical conduit pipes, which invariably makes it a lucrative pocket for manufacturers.

Why Does Germany Lead Demand for Electrical Conduit Pipes in Europe?

Being the largest market share holder in the European region, the Germany electrical conduit pipes market is pegged to grow at 4.6% during 2021-2031. In recent years, manufacturers have been gradually developing a new customer base in the country.

As the German commercial segment is rising at a good pace, the German electrical conduit pipes market is pegged to expand at a CAGR of more than 5% during 2021-2031. An important drivers of the country is increased demand for commercial establishments, which is expected to remain stable through forecast period.

Why is Demand for Electrical Conduit Pipes Surging in India?

The electrical conduit pipes market in India is the largest in South Asia & Pacific. Residential and commercial sectors have emerged with increasing investment for various projects. India is pegged to expand at a CAGR of around 5% during 2021-2031, which is a considerable growth rate in South Asia & Pacific.

Government of India schemes such as Smart Cities Program, Pradhan Mantri Awas Yojana, and other schemes toward improvement of residential and commercial facilities have created demand for end-use industries, which has led to significant growth of the Indian electrical conduit pipes , a trend that will continue over the next ten years as well.

What Makes GCC Countries Stand Out in MEA?

GCC countries such as Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Oman, and Qatar, with large-scale residential and commercial projects, have attracted tourists from across the globe with their unique designs and features. The Middle East countries vision program toward increasing non-oil economic growth has created significant opportunities.

The market in GCC countries is pegged to expand at a CAGR of 4.5% during 2021-2031, which is highest growth rate in the Middle East & Africa.

China Electrical Conduit Pipes Landscape

China is expected to be amongst the most opportunistic countries with the highest sales of electrical conduit pipes, owing to increased residential and commercial projects in the country. There has been extraordinary surge in the sales of electrical conduit pipes since 2016, which is expected to continue over the forecast period 2021-2031.

Along will more manufacturers in the country, end-use industries have also increased due to rise in residential and commercial projects across China.

Category-wise Insights

Which Material Accounts for the Highest Production of Electrical Conduit Pipes?

Demand of different material types varies from industry to industry; the residential and commercial sectors see major demand for HDPE material. HDPE electrical conduit pipes are expected to contribute significant share in the global market. HDPE electrical conduit pipes are used to protect wiring from external threats, and offer high fire and water resistance. These unique properties helps these pipes gain considerable momentum with key players who are constantly designing, developing, and launching new products to gain a competitive advantage in this landscape.

Which End-use Industry Has a Predominant Share in Electrical Conduit Pipes?

The residential sector has the largest market share of electrical conduit pipes, owing to high demand in new, ongoing, and upcoming residential projects across the globe. Behind the residential segment, the commercial sector holds the second position, owing to increased demand for commercial spaces across end-use industries, and new construction and expansion of commercial establishments across the globe. 

Opportunities in Electrical Conduit Pipes Market

According to Persistence Market Research, demand for electrical conduit pipes will be high from the residential and commercial sectors for various applications, as a result of new research and development of innovative products. New developments will aid growth of electrical wire cables and IT & telecommunication applications, and would help in enhancing compatibility with future appraisal and development activities.

Competitive Landscape

The electrical conduit pipes market is a moderately competitive space, dominated by global players offering cost-competitive products. Some of the players are focusing to carve a niche for specific demography. The market is consolidated in nature, where key players hold a major market value share. It is characterized by a large supplier base and strong B2B networks. There are robust partnerships throughout the value chain, with ample focus on strong research & development activities with innovations. Companies operating in the electrical conduit pipes market are aiming at strategic collaborations with end users and regional distributors to address the requirements of an expanding customer base. Suppliers adopt acquisition and regional expansion strategies to establish a stronger foothold. Brand consciousness and aggressive marketing makes it challenging for new entrants to enter this landscape. Furthermore, advent of online sales channels is also expected to create positive growth prospects 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  

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value and Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia
  • New Zealand
  • Turkey
  • Northern Africa
  • South Africa

Key Segments Covered

  • Material
  • End-use Industry
  • Product Type
  • Application
  • Region.

Key Companies Profiled

  • 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

Report Coverage

  • Market Forecast
  • Brand Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Electrical Conduit Pipes Market by Category

  • By Material
    • Plastic Pipes
    • PVC
    • HDPE
    • PP
    • Others
    • Metal Pipes
    • Steel
    • Aluminum
  • By End-use Industry
    • Residential
    • Commercial
    • Industrial
  • By Product Type
    • Rigid Conduit Pipes
    • Flexible Conduit Pipes
  • By Application
    • Electrical Wire Cables
    • IT & Telecommunication
  • By Region
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

Key Questions Answered in Report

Q1. Which is the most lucrative market for electrical conduit pipes?

China currently leads the global market for electrical conduit pipes. Sales in China will be over 15% of the global share throughout the forecast period.

Q2. Which are the top-selling materials for electrical conduit pipes?

HDPE electrical conduit pipes have significant demand across end-use industries. Demand for HDPE conduit pipes are expected to remain high in the near future, especially due to their corrosion-, abrasion-, chemical-resistant properties in a wide range of end-use industry applications and intense penetration in all regions.

Q3. Which end-use industry is demanding the highest requirement of electrical conduit pipes?

Electrical conduit pipes are widely used in the residential sector. Increasing population and rapid urbanization are expected to steer market growth over the coming years.

Q4. Which are some of the leading companies providing Electrical Conduit Pipes?

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.

Q5. Which application segment is driving the sales of electrical conduit pipes?

Electrical wire cables are the most used electrical conduit pipes across end-use industries.

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Is this research conducted by Persistence Market Research?

Yes, the research has been conducted by expert analysts of Persistence Market Research, through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Persistence Market Research?

Persistence Market Research follows a methodology that encompasses demand-side assessment of the market, and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request a detailed methodology.

Who are the respondents for primary research?

Persistence Market Research speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

What are the sources of secondary research?

Persistence Market Research conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request

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