산업용 전선관 시장 예측(-2030년) : 유형, 재료, 최종 사용자 및 지역별 세계 분석

According to Stratistics MRC, the Global Industrial Electrical Conduit Market is accounted for $7.4 billion in 2023 and is expected to reach $11.8 billion by 2030 growing at a CAGR of 6.9% during the forecast period. Industrial electrical conduit is a protective piping system used to route and safeguard electrical wiring in industrial settings. Made from materials such as steel, PVC, or aluminum, it shields wires from physical damage, moisture, and corrosion while ensuring compliance with safety regulations. It comes in various types, including rigid metal conduit (RMC), electrical metallic tubing (EMT), and flexible metallic conduit (FMC), offering flexibility in installation and accommodating different environmental conditions. Industrial electrical conduit provides a secure pathway for electrical wiring, supporting the reliable operation of machinery, equipment, and infrastructure in industrial facilities while minimizing the risk of electrical hazards and downtime.

According to the International Energy Agency, "The global electricity demand in 2021 has increased by 4.5% or over 1 000 TWh. Almost 80% of the projected increase in demand in 2021 is in emerging market and developing economies, with the People's Republic China (China) alone accounting for half of the global growth.

Market Dynamics:

Driver:

Rising industrialization and urbanization

Urbanization often entails the construction of new infrastructure such as roads, bridges, airports, and railways. These projects require extensive electrical wiring, which again boosts the demand for electrical conduits. Urbanization leads to the expansion of cities and towns, accompanied by the construction of commercial and residential buildings. All these developments drive up the demand for electrical conduits, which are essential for safely routing and protecting electrical wiring in these structures. As these technologies become more prevalent, there is a corresponding need for specialized conduits designed to handle higher loads, protect sensitive equipment, and ensure safety compliance.

Restraint:

Volatility in raw material prices

Raw materials, such as metals (e.g., steel, aluminum) and plastics (e.g., PVC, polyethylene), are primary components used in manufacturing electrical conduits. Fluctuations in the prices of these materials can lead to unpredictable production costs for conduit manufacturers. Sudden spikes in raw material prices can significantly increase manufacturing expenses, impacting profit margins and pricing strategies. This can result in extended lead times for customers and potential loss of business opportunities for conduit manufacturers.

Opportunity:

Increasing demand for electricity

As the demand for electricity rises, there is a need to expand and upgrade electrical infrastructure to accommodate higher loads and ensure reliable power distribution. This includes the installation of more electrical conduits to route and protect wiring in industrial settings such as factories, manufacturing plants, and warehouses. Moreover, the growing demand for electricity is closely tied to urbanization and industrialization trends. As urban areas expand and industrial activities intensify, there is a corresponding increase in the installation of electrical conduits to support the infrastructure needs of these burgeoning populations and industries.

Threat:

Increased risk of downtime

Downtime resulting from electrical conduit failures can disrupt industrial operations, leading to production delays and loss of revenue for businesses. Industrial facilities rely on uninterrupted operation to meet production targets and fulfill customer orders. Thus, extended downtime periods can result in missed deadlines, canceled contracts, and financial penalties, impacting the bottom line of both facility owners and manufacturers of industrial electrical conduits hampering the growth of the market.

Covid-19 Impact

Lockdowns, project delays, and reduced construction activity impacted demand for electrical conduit products. However, increased focus on essential infrastructure projects, such as healthcare facilities and data centers, partially offset the decline. Manufacturers faced challenges in maintaining production levels due to workforce shortages and supply chain disruptions. The market saw a shift towards online sales channels and remote collaboration tools. Recovery is expected as economic activities resume, driven by infrastructure investments and revival of industrial projects.

The electrical metallic tubing segment is expected to be the largest during the forecast period

The electrical metallic tubing segment is estimated to have a lucrative growth, as it offers a cost-effective and lightweight alternative to traditional rigid metal conduits such as galvanized steel conduit. Its versatility and ease of installation make it a popular choice in various industrial settings, leading to market expansion as more industries adopt EMT for electrical wiring installations. Moreover, EMT must comply with industry standards and regulatory requirements governing electrical conduit installations. Its acceptance and usage in industrial applications depend on meeting these standards, ensuring safety, reliability, and adherence to building codes.

The manufacturing segment is expected to have the highest CAGR during the forecast period

The manufacturing segment is anticipated to witness the highest CAGR growth during the forecast period, manufacturing facilities require extensive electrical infrastructure to power machinery, equipment, and lighting systems. As industrial production expands, there is a corresponding increase in the demand for electrical conduit products to route and protect wiring in factories, plants, and warehouses. Each sector has unique requirements for electrical conduit systems tailored to specific applications, such as high-temperature environments, corrosive conditions, or cleanroom facilities propel the growth of the market.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rising construction activities, expansion of manufacturing sectors, and increasing investments in infrastructure projects are driving the demand for industrial electrical conduit in the region. Additionally, the Asia Pacific market for industrial electrical conduit is highly competitive, with both domestic and international players vying for market share. Thus, manufacturers are focusing on product innovation, cost optimization, and strategic partnerships to remain competitive.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to compliance with stringent regulatory standards and building codes governing electrical installations plays a crucial role in shaping the market. Manufacturers must adhere to regulations such as the National Electrical Code (NEC) in the United States and similar standards in Canada and Mexico. Further adoption of advanced materials, manufacturing techniques, and digital technologies is prevalent in the North American market.

Key players in the market

Some of the key players in the Industrial Electrical Conduit Market include ABB, ANAMET Electrical, Inc. , Atkore International Inc., Cantex, Inc., Champion Fiberglass, Inc., China Lesso Group Holdings Limited, D.P. Jindal Group, Dura-Line Corporation, Eaton Corporation Plc, HellermannTyton, Hubbell Incorporated, International Metal Hose Company, Schneider Electric, Sekisui Chemical Co, Wienerberger AG and Zekelman Industries Inc.

Key Developments:

In March 2024, CANTEX INC. announced C.C. Pierce Company as their new sales representative for PVC electrical pipe, fittings, and boxes for the northern region of the state of NY, Pierce Company to represent their line of PVC electrical products because of their admirable levels of service, amazing longevity, and established relationships.

In February 2024, ABB announced that it has entered into an agreement to acquire SEAM Group, a major provider of energized asset management and advisory services to clients across industrial and commercial building markets.

In January 2024, ABB and Norwegian Cruise Line Holdings have signed a partnership agreement to increase safety and efficiency and to reduce emissions of the NCL fleet equipped with Azipod(R) propulsion system.

Types Covered:

• Rigid Metal Conduit
• Electrical Metallic Tubing
• Intermediate Metal Conduit
• Flexible Metal Conduit

Materials Covered:

• Aluminum
• Steel
• Plastic

End Users Covered:

• Manufacturing
• Oil & Gas
• Construction
• Power Generation
• Renewable Energy
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Industrial Electrical Conduit Market, By Type

• 5.1 Introduction
• 5.2 Rigid Metal Conduit
• 5.3 Electrical Metallic Tubing
• 5.4 Intermediate Metal Conduit
• 5.5 Flexible Metal Conduit

6 Global Industrial Electrical Conduit Market, By Material

• 6.1 Introduction
• 6.2 Aluminum
• 6.3 Steel
• 6.4 Plastic

7 Global Industrial Electrical Conduit Market, By End User

• 7.1 Introduction
• 7.2 Manufacturing
• 7.3 Oil & Gas
• 7.4 Construction
• 7.5 Power Generation
• 7.6 Renewable Energy
• 7.7 Other End Users

8 Global Industrial Electrical Conduit Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 ABB
• 10.2 ANAMET Electrical, Inc.
• 10.3 Atkore International Inc.
• 10.4 Cantex, Inc.
• 10.5 Champion Fiberglass, Inc.
• 10.6 China Lesso Group Holdings Limited
• 10.7 D.P. Jindal Group
• 10.8 Dura-Line Corporation
• 10.9 Eaton Corporation Plc
• 10.10 HellermannTyton
• 10.11 Hubbell Incorporated
• 10.12 International Metal Hose Company
• 10.13 Schneider Electric
• 10.14 Sekisui Chemical Co
• 10.15 Wienerberger AG
• 10.16 Zekelman Industries Inc.