U.S. Electrical Conduit Market Size, Share & COVID-19 Impact Analysis, By Product Type (Flexible Cable Conduit, Rigid Cable Conduit, and Others), By End-user (Buildings & Construction, Manufacturing, IT & Telecommunication, and Others), and Country Forecast, 2023-2030

The U.S. electrical conduit market size was worth USD 1.25 billion in 2022 and is projected to grow at a CAGR of 4.11% during the forecast period. 

An electrical conduit serves as a protective casing and routing pathway for electrical lines. It's crafted from various materials such as plastic, metal, fibers, or fired clay, chosen based on specific usage. Typically, electricians install it within the wiring system of a structure. The market categorizes conduits by product type and end-user segments. Conduit systems vary in material and classification, often specified by wiring regulations for their usage, form, and installation specifics. They encompass rigid and flexible conduits, serving diverse purposes. The growth of the market is propelled by rising demand across industries, durability factors of conduit systems, and ongoing material advancements.

The COVID-19 pandemic posed substantial business risks for key players in commercial and residential sectors. Closure of spaces, reduced demand, and supply chain disruptions impacted product/service delivery, hindering manufacturers' obligations to customers. This instability, compounded by travel restrictions, affected manufacturers' ability to secure contracts and meet deadlines, causing a decline in sales. Despite varying impacts based on geography and networks, both small and large players implemented measures to mitigate the pandemic's effects on their operations.

LATEST TRENDS

Developing Power Generation Capacity is increasing the Demand for Electrical Conduits

Energy generation significantly drives the demand for electrical conduit, with electricity produced through three major energy groups: fossil fuels (coal, petroleum, and natural gas), renewable energy, and nuclear energy. Various sources such as solar energy, geothermal energy, biomass, and nuclear energy power the generation process via steam turbines. Despite differing methods, the electrical components required for transmitting electricity remain the same. Additionally, the U.S. employs diverse energy sources and technologies for electricity generation, with certain sources being more prominent than others. The U.S. Energy Information Administration provides data on electricity generation from utility-scale and small-scale systems. In 2022, utility-scale electricity generation in the U.S. totaled approximately 4.24 trillion kilowatt-hours (kWh). Additionally, small-scale solar photovoltaic systems contributed an estimated 0.06 trillion kWh of electricity.

The final energy consumption in this table excludes the electrical system energy losses. It differs from the total consumption by end-use sector, in which the electrical system energy losses are allocated proportionally to the amount of electricity sold to end customers in each end-use sector.

DRIVING FACTORS

Enormous Benefits and Properties of the Electrical Conduit Have Increased Its Demand, Propelling Market Growth

Electrical conduits come in various shapes and serve different functions, including straight and angled configurations. Adapters facilitate connections between different conduit types. Their primary purpose is to safeguard both the wires and individuals who may come into contact with them or work near electric fields when wiring is exposed. These conduits can be made from plastic or metal and may offer flexibility or rigidity. They play a vital role in the construction process by protecting, organizing, and guiding electrical wiring. While materials such as metal, plastic, fiber, or fired clay can be used, rigid varieties are commonly preferred due to their durability. Whether in residential or commercial settings, electrical conduit is often necessary during new wiring installations, used across areas such as walls, ceilings, or floors. Utilizing these conduits offers several advantages; they shield wires within a sturdy, enclosed tube, safeguarding them from damage or exposure to hazardous conditions. Additionally, this reduces the risks associated with poor wiring, including shocks and fire hazards.

RESTRAINING FACTORS

Fluctuations in Raw Materials Prices and Supply May Restrain Market Growth

The raw materials needed for manufacturing electrical conduits exhibit price variations expected to fluctuate in the upcoming period. These material costs directly impact manufacturing and maintenance expenses, influencing profit margins for manufacturers. Raw materials essential for these conduit’s production include high-density polyethylene, polyvinyl chloride, polypropylene, among others. Both transportation and manufacturing processes demand energy and crude oil. As raw material costs fluctuate, they significantly impact the U.S. electrical conduit market growth.

SEGMENTATION

By Product Type Analysis

By product type, the market is segmented into flexible cable conduit, rigid cable conduit, and others. The flexible cable conduit segment accounted for the highest U.S. electrical conduit market share in 2022 due to its high protection of conductors from moisture and corrosion.

• Most flexible conduit systems, including underground car parks, are suitable for commercial buildings. Conduits such as the C-Series - PVC-coated steel tubing - are ideal for dynamic and static applications in commercial and industrial environments. Factors such as long service life, easy installation, and high protection of conductors from moisture, corrosion, impact, and chemicals make it one of the most preferred choices for contractors in residential and commercial applications.

By End-user Analysis

In terms of end-user, the market is segmented into buildings & construction, manufacturing, IT and telecommunication, and others. The buildings & construction sector dominates the market for electrical conduit due to its widespread adoption, providing essential protection for homes, buildings, and commercial spaces. They serve to protect, route, and organize electrical wiring when utilized in building and construction.

• Due to the increasing number of construction activities and infrastructure development, the buildings and construction segment is expected to hold its dominant U.S. electrical conduit market share over the forecast period.

KEY INDUSTRY PLAYERS

In terms of the competitive landscape, the U.S. market shows significant focus among participants on developing conduits with enhanced operational characteristics to strengthen their position in the industry. Companies such as Atkore International Group Inc., CANTEX Inc., Champion Fiberglass, Inc., Electri-Flex Company, and others hold considerable presence in this market. They continuously expand their product offerings and market reach, establishing strong brand reputations for quality and reliability, enabling them to attract numerous customers in the U.S.

LIST OF KEY COMPANIES PROFILED:

• Atkore International Group Inc. (U.S.)


• ABB (Switzerland)


• Eaton Corporation (Ireland)


• Legrand (France)


• IPEX Inc. (Canada)


• CANTEX Inc (U.S.)


• Champion Fiberglass, Inc (U.S.)


• PECO (U.S.)


• Electri-Flex Company (U.S.)


• WL Plastics (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• October 2022: Eaton Corporation announced its contract with the General Services Administration (GSA) to expand EV supply equipment (EVSE) and services to accelerate low-carbon federal infrastructure projects.


• August 2022: Atkore International Group Inc. affirmed the acquisition of two Oregon-based companies operating under Cascade Poly Pipe & Conduit and Northwest Polymers. The acquisition of Cascade supports Atkore's product portfolio, establishes an HDPE pipe manufacturing presence in the Pacific Northwest to serve customers better, and allows it to meet the growing demands of expanding 5G wireless networks and U.S. Infrastructure.


• April 2022: IPEX Inc. announced the acquisition of Harrington Corporation. The acquisition enables IPEX Inc. to expand its presence and get an exciting opportunity in the U.S.

REPORT COVERAGE

The report provides a comprehensive analysis of the U.S. market, focusing on key aspects such as leading companies, product types, cables, wire systems, and wire industries. It offers insights into market trends, key industry developments, and factors contributing to recent market growth. Additionally, the report covers technological advancements, reimbursement scenarios for energy generation from various sources (including renewables), government initiatives for high efficiency, and the impact of COVID-19 on the market. Moreover, it highlights industry dynamics, encompassing mergers, partnerships, acquisitions, and construction industry reimbursements.

Report Scope & Segmentation