North America Electrical Conduit Market Size, Share & COVID-19 Impact Analysis, By Product Type (Flexible Cable Conduit, Rigid Cable Conduit, Others), By End-user (Buildings &, Construction, Manufacturing, IT & Telecommunication, Others), and Regional
The North America Electrical Conduit Market Insights of 2023 is an extensive and comprehensive report that provides a complete analysis of the market's size, shares, revenues, various segments, drivers, trends, growth, and development. The report also highlights the limiting factors and regional industrial presence that may affect the market's growth trends beyond the forecast period of 2030.
The North America electrical conduit market size was valued at USD 1.62 billion in 2022. The market is projected to grow from USD 1.67 billion in 2023 to USD 2.19 billion by 2030, exhibiting a CAGR of 3.9% during the forecast period.
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Top Key Vendors:
Atkore International Group Inc. (U.S.)
Eaton Corporation (Ireland)
IPEX Inc. (Canada)
CANTEX Inc. (U.S.)
Champion Fiberglass, Inc. (U.S.)
Electri-Flex Company (U.S.)
WL Plastics (U.S.)
The competitive landscape is constantly evolving as companies adapt to changing market dynamics, technological advancements, and regulatory shifts. Collaboration, strategic partnerships, and investments in research and development are common strategies employed by players to gain a competitive edge and capture new opportunities in the dynamic energy landscape.
Growth Factor Analysis:
For increased flexibility and durability for wire protection at indoor and outdoor locations of buildings and other application places, PVCs and flexible electrical conduit are offered. For instance, the maximum installation flexibility of ABB's Carlon PandC Flex non-metallic corrugated conduit speeds up and simplifies power and communication installations. Any degree of bending requirement can be accommodated using the corrugated design. Its tight bend radius, in contrast to rigid tubing, makes this product perfect for shallow ditches.
On the contrary, the profit margin of the manufacturer is directly impacted by an increase in the price of raw materials, particularly metals, which hampers the North America electrical conduit market growth.
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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period. By Application segment also provides consumption during the forecast period. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Product Type:
Flexible Cable Conduit
Rigid Cable Conduit
Buildings and Construction
IT and Telecommunication
The global North America Electrical Conduit Market 2023-2030 is divided into various market segments based on the locations that they are around the globe. This segmentation is useful as it categorizes the various factors that are used to measure the growth of the market according to the various regions. the energy and power sector is a global market, with different regions having unique strengths and challenges. The shift towards renewable energy is a global trend, with countries around the world investing in wind, solar, and other forms of renewable energy to reduce greenhouse gas emissions and improve energy security.
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Table of content:
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