- The growth of electronics industries is driving growth in the market.
- Instability in price, declining demand in the residential sector and huge production of steel, are restraining the growth of the market.
- Asia-Pacific is expected to dominate the market regionally.
Electrical conduit pipes are thick tubes and made of coated steel, stainless steel and aluminum. These are used to give the mechanical strength in addition to flexibility, high resistance and durability features.
Owing to the growth of electronics industries, the global market for electrical conduit pipe is expanding robustly. Besides, the demand for HDPE pipes is increasing rapidly due to the low maintenance cost. In addition, infrastructural development, advantages of anti-corrosion properties, market consolidation & expansion and higher rate of adoption by telecommunication operations are driving the market robustly. However, few factors, such as instability in price, declining demand in the residential sector and huge production of steel, are restraining the growth.
The global market for electrical conduit pipe has segmented widely into five sub-segments. The segments are based on the multiple material types, product types, end-use industries, various applications and regions. As per the report, it is expected that the product type segment is likely to witness a robust growth in the near future.
On the basis of different materials, the market has bifurcated into plastic and metal. Some materials, such as PP, LDPE, PVC, HDPE and others, are included in the plastic type materials segment. Beside these, stainless, aluminum and galvanized steel fall into metal type materials. The plastic segment is likely to experience as the largest and fastest growth segment in the global market for electrical conduit pipe.
The key end-uses of the market has segmented into industrial, residential and commercial sub-segments.
On the basis of application, the market has two segments, such as IT & Telecommunications Data Cables and Electric wire cable.
Geographically, the global market for electrical conduit pipe has segmented into five regions, including Middle-East & Africa (MEA), Europe, Latin America, Asia-Pacific (APAC) and North America. It is expected that Asia-Pacific will be dominating the market through 2025. In addition, market for electric conduit pipes in this region will be sharing around $15 billion revenue during the forecast period.
The global electrical conduit pipe market has enlisted various companies as the key players, such as Sanco Industries Ltd., JM Eagle Inc, Cantex inc, Premier Conduit Inc., Astral Polytechnik Limited, Mexichem SAB de CV, Zekelman Industries Inc., Wienerberger AG, Atkore International Holdings Incorporated, Pipelife International GmbH, among others. More companies are D. P. Jindal Group, China Lesso Group Holdings Ltd., Aliaxis Group S.A., Sekisui Chemical Co. Ltd., National Pipe and Plastics Inc., Nan Ya Plastics Corp., International Metal Hose Company and OPW Corporation, among others.”
View More: Chemicals & Materials
Only $1/clickSubmit Your Ad Here