Docuneeds

Metal Electrical Cable Conduits Market Landscape: Research Findings for Business Growth


PRESS RELEASE

Published April 25, 2023

The Global Metal Electrical Cable Conduits Market was valued at USD 9.5 billion in 2022 and is projected to reach USD 15.4 billion by 2030, at a CAGR of 8.1% during the forecast period.

Global Metal Electrical Cable Conduits Market; Overview

The global metal electrical cable conduits market refers to the market for metal conduits used for electrical cable management and protection. Metal electrical cable conduits are used in various applications, including residential, commercial, and industrial construction, and are available in different materials, such as steel, aluminum, and brass. The market is driven by factors such as the increasing demand for electricity and electrical infrastructure, the growing adoption of renewable energy sources, and the need for reliable and durable cable management solutions. The market is also impacted by factors such as technological advancements, changing building codes and regulations, and the availability of substitutes such as PVC electrical conduits. The market is segmented by type, material, application, end-user, and geography.

Get sample copy of this report athttps://www.themarketinsights.com/request-sample/289700

The Global Metal Electrical Cable Conduits Market Scope and Segment:

Attribute Details
Market Size in 2022 USD 9.5 billion
Estimated Market Size in 2030 USD 15.4 billion
CAGR Growth Rate 8.1%  CAGR
Base Year 2022
Forecast Years 2023-2030
By Type
  • Flexible Metal Conduit (FMC),
  • Intermediate Metal Conduit (IMC),
  • Rigid Metal Conduit (RMC).
By Material ·         Steel,

·          Aluminum,

·         Others

By End Use Industry ·         Residential, Commercial, Industrial, And Infrastructure
Major Regions Covered ·         North America,

·         Europe,

·         Asia Pacific,

·         The Middle East, and

·          Africa

Companies Covered ·         Atkore International

·         Schneider Electric

·         Legrand SA

·         ABB Group

·         Calpipe Industries

·         Wheatland Tube

·         Robroy Industries

·         Thomas & Betts Corporation

·         Prime Conduit

·         Kwik Fit

Report Coverage Revenue forecast, company share, competitive landscape, growth factors, and trends

 

Covid 19 Impact:

The COVID-19 pandemic has had a significant impact on the global metal electrical cable conduits market, both in terms of demand and supply. The pandemic has led to disruptions in global supply chains, production shutdowns, and a decline in demand due to the slowdown of economic activity in several sectors. As a result, the market has witnessed a decline in growth rates compared to previous years.

The pandemic has also resulted in a shift in the way businesses operate, with an increased focus on remote working and online communication. This has led to a growing demand for data centers and related infrastructure, which in turn has driven the demand for metal electrical cable conduits used in these applications. The growing adoption of renewable energy sources and the need for grid modernization has also driven the demand for metal electrical cable conduits used in renewable energy projects and electrical grid infrastructure.

Check for discount @  https://www.themarketinsights.com/check-discount/289700

Key Insights

  • The Global Metal Electrical Cable Conduits Market was valued at USD 9.5 billion in 2022 and is projected to reach USD 15.4 billion by 2030, at a CAGR of 8.1% during the forecast period.
  • The COVID-19 pandemic significantly slowed the growth of the worldwide Wafer Box Desiccators industry in 2020.
  • Due to a variety of driving factors, the market is projected to increase at a significant rate. Increasing demand for electricity and electrical infrastructure.
  • Based on application segmentation, is anticipated to hold the greatest market share.
  • Based on region, North America is projected to continue to dominate the Global Metal Electrical Cable Conduits Market throughout the forecast period.

Global Metal Electrical Cable Conduits Market; Growth Drivers

Increasing demand for electricity and electrical infrastructure: The growing demand for electricity and electrical infrastructure, driven by population growth, urbanization, and industrialization, is a key driver of the market. Metal electrical cable conduits are used for the protection and management of electrical cables in various applications, including residential, commercial, and industrial construction.

Growing adoption of renewable energy sources: The increasing adoption of renewable energy sources such as solar and wind energy has driven the demand for metal electrical cable conduits used in renewable energy projects.

Need for reliable and durable cable management solutions: Metal electrical cable conduits provide a durable and reliable cable management solution that protects electrical cables from damage, moisture, and other environmental factors.

Technological advancements: The development of new and innovative metal electrical cable conduit products, such as lightweight conduits and fire-resistant conduits, has driven the market growth.

Increasing building codes and regulations: The growing emphasis on safety and compliance with building codes and regulations has driven the demand for metal electrical cable conduits that meet these requirements.

Availability of substitutes: The availability of substitutes such as PVC electrical conduits has impacted the market growth to some extent, as PVC conduits offer a more cost-effective solution in some applications.

Global Metal Electrical Cable Conduits Market: Restraints

Cost: Metal electrical cable conduits can be more expensive than other types of conduits, such as PVC electrical conduits. This can limit their use in certain applications where cost is a primary consideration.

Availability of skilled labor: The installation of metal electrical cable conduits requires skilled labor, which may not be available in all regions or markets. This can limit the adoption of metal electrical cable conduits in certain areas.

Competition from other cable management solutions: The market for cable management solutions is highly competitive, and metal electrical cable conduits face competition from other types of conduits, as well as cable trays, cable ladders, and other solutions.

Environmental concerns: The use of metal electrical cable conduits can have environmental implications, such as the use of non-renewable resources and the potential for metal pollution. This can lead to increased scrutiny and regulation of the market.

Impact of COVID-19 pandemic: The COVID-19 pandemic has led to supply chain disruptions and a decline in demand for certain applications, which has impacted the market growth to some extent.

Global Metal Electrical Cable Conduits Market: Opportunities

Expansion into new markets: The global market for metal electrical cable conduits is expanding, and companies can take advantage of this growth by expanding into new geographic markets where demand is high.

Development of new products: There is an opportunity for companies to develop new and innovative products that meet the changing needs of customers, such as lightweight conduits, fire-resistant conduits, and conduits that meet environmental regulations.

Integration of technology: The integration of technology, such as sensors and monitoring systems, into metal electrical cable conduits, can provide additional value to customers and open up new markets for these products.

Focus on sustainability: Companies can differentiate themselves and gain a competitive advantage by focusing on sustainability and developing products that have a lower environmental impact.

Collaboration with other companies: Collaboration between companies can lead to the development of new products and solutions that better meet the needs of customers, as well as the ability to access new markets and distribution channels.

Global Metal Electrical Cable Conduits Market: Challenges

Cost competition: As mentioned earlier, metal electrical cable conduits can be more expensive than other types of conduits. The cost competition from other types of cable management solutions could limit the growth of the metal electrical cable conduits market.

Dependence on skilled labor: Installation and maintenance of metal electrical cable conduits require skilled labor. The availability of skilled labor can be a challenge, especially in emerging markets where the labor force may not be as developed.

Infrastructure challenges: The adoption of metal electrical cable conduits is also affected by infrastructure challenges, including the availability of electricity, transportation infrastructure, and access to raw materials.

Environmental regulations: The metal electrical cable conduits market is subject to environmental regulations, which can impact the cost and availability of raw materials, as well as limit the adoption of certain products in specific regions.

Impact of the COVID-19 pandemic: The pandemic has caused disruptions in the supply chain, delays in project implementation, and a decline in demand for certain applications, which can impact the growth of the metal electrical cable conduits market.

Request for customization @  https://www.themarketinsights.com/request-customization/289700

Global Metal Electrical Cable Conduits Market: Segmentation

By Type: The metal electrical cable conduits market can be segmented into the flexible metal conduit (FMC), intermediate metal conduit (IMC), and rigid metal conduit (RMC). FMC is a type of conduit that is used in areas where flexibility is required. IMC is a thicker and more durable conduit that is used in areas where mechanical protection is required. RMC is a rigid and heavy-duty conduit that is used in areas where high-level protection is required.

By Material: The metal electrical cable conduits market can be segmented into steel, aluminum, and others. Steel conduits are the most commonly used conduits due to their durability, strength, and fire resistance. Aluminum conduits are lightweight and corrosion-resistant, making them a suitable choice for outdoor and corrosive environments.

By End-Use Industry: The metal electrical cable conduits market can be segmented into residential, commercial, industrial, and infrastructure. Residential applications include electrical wiring in homes, apartments, and other residential buildings. Commercial applications include electrical wiring in offices, retail stores, and other commercial buildings. Industrial applications include electrical wiring in factories, warehouses, and other industrial facilities. Infrastructure applications include electrical wiring in transportation systems, airports, and other public infrastructure.

By Region: The metal electrical cable conduits market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is a significant market for metal electrical cable conduits due to the high level of industrialization and infrastructure development in the region. Europe is also a significant market due to the stringent regulations and focus on sustainable infrastructure. The Asia-Pacific region is expected to witness significant growth due to the rapid urbanization, industrialization, and infrastructure development in countries like China and India. LAMEA is expected to witness moderate growth due to the increasing investment in infrastructure and construction activities in the region.

Regional Insights

The metal electrical cable conduits market is expected to experience significant growth across all regions. North America and Europe are expected to remain significant markets due to the high level of infrastructure development and the focus on sustainability. The Asia-Pacific region is expected to witness significant growth due to the rapid urbanization, industrialization, and infrastructure development in countries like China and India. The region is also witnessing an increase in government initiatives and investment in infrastructure development, which is driving the growth of the market. The LAMEA region is expected to witness moderate growth due to the increasing investment in infrastructure and construction activities in the region, especially in the Middle East and Africa.

Competitive Landscape

The Global Metal Electrical Cable Conduits Market is driven by players Atkore International, Schneider Electric, Legrand SA, ABB Group, Calpipe Industries, Wheatland Tube, Robroy Industries, Thomas & Betts Corporation, Prime Conduit, Kwik Fit and other participants in the value chain are among those not featured in the research.

Recent Developments:

  • Atkore International: In September 2021, Atkore International announced the launch of a new line of PVC conduit and fittings that offer enhanced UV protection and durability.
  • Schneider Electric: In March 2021, Schneider Electric announced the expansion of its range of low-smoke zero-halogen (LSZH) conduit products for use in commercial and industrial applications.
  • Legrand SA: In January 2021, Legrand SA announced the acquisition of Focal Point, a leading provider of architectural lighting products.

Frequently Ask Question (FAQ)

  1. What is the current size of the Global Metal Electrical Cable Conduits Market?
    Ans- The Global Metal Electrical Cable Conduits Market was valued at USD 9.5 billion in 2022 and is projected to reach USD 15.4 billion by 2030, at a CAGR of 8.1% during the forecast period.
  1. Which are the prominent players in the Global Metal Electrical Cable Conduits Market?
    Ans- Atkore International, Schneider Electric, Legrand SA, ABB Group, Calpipe Industries, Wheatland Tube, Robroy Industries, Thomas & Betts Corporation, Prime Conduit, Kwik Fit.
  1. What are the driving factors in the Global Metal Electrical Cable Conduits Market?
    Ans- The driving factors that increase the growth of the market are Increasing demand for electricity and electrical infrastructure, Growing adoption of renewable energy sources, Need for reliable and durable cable management solutions.
  1. Which region will lead the Global Metal Electrical Cable Conduits Market?
    Ans– North American region will lead the Global Metal Electrical Cable Conduits Market during the forecast 2023-2030.

About us.
Delivering foresights along with statistical analysis of the operational business industry impacts has been our foremost priority. With the constant developments in the research & development industry, we have always challenged the conventional research methodologies and discovered new research tactics to evolve the growing B2B requirements.

Direct Contact
Jessica Joyal
+1(213)338-8279 | +1(877)376-9989
Email – [email protected]
Website – https://www.themarketinsights.com/

 

 



Source link

Share

Facebook
Twitter
LinkedIn
Pinterest
Email

Leave a Reply

Your email address will not be published. Required fields are marked *

Welcome

Your Total Points

424