Electrical conduit pipes are amongst the safest ones and do offer an appealing view with regards to electrical wiring. Plus, the probability of accidental damage (to insulation, wiring) is ruled out. Conduit also prevents flowing of flammable vapors and gases, which, in turn, would offer protection against explosion and fire.
At the same time, it needs to be noted that there is volatility in prices of raw materials, which is expected to restrain the electrical conduit pipe market in the near future. Another restraint is that of difficulty in installation of electrical conduit pipes. Persistence Market Research has mentioned about these facts with subsequent courses of action in its latest market study entitled “Electrical Conduit Pipe Market”.
Electrical Conduit Pipe Market Dynamics
Electrical Conduit Pipe Market, by material, spans plastic pipes, PVC, HDPE, PP, metal, steel, and aluminium. By end-use, it’s commercial, residential, and industrial. By type of product, it’s flexible conduit pipes and rigid conduit pipes. By application it’s IT & Telecommunication and electrical wire cables.
Out of these, flexible conduit pipes hold the largest market share due to easy operation. However, it needs to be noted that flexible pipes may not provide protection like rigid conduit pipes. Persistence Market Research has highlighted these findings with insights in its latest market study entitled “Electrical Conduit Pipe Market”.
North America and Europe hold a significant market share. However, the Asia-Pacific is expected to grow notably in the electrical conduit pipe market in the forecast period. This could be attributed to manpower and raw materials being readily available. Plus, population explosion in countries like India and China does suffice for robust customer base. Persistence Market Research has outlined these developments with insights in its latest market study entitled “Electrical Conduit Pipe Market”.
Persistence Market Research has profiled the key players in electrical conduit pipe market as Aliaxis Group S.A., Sekisui Chemical Co., Ltd., Wienerberger AG, National Pipe & Plastics Inc., Cantex Inc., Atkore International Group Inc., Orbia Polytechnik Ltd., China Lesso Group Holdings Ltd., JM Eagle, Inc., Nan Ya Plastics Corp., D.P. Jindal Group, Pipelife InternationalGmbH, Zekelman Industries Inc., OPW Corporation, Premier Conduit Inc., International Metal Hose Company, and Sanco Industries Ltd.
Persistence Market Research has sketched the latest developments in this regard as well. For instance – Atkore International Group Inc., in February 2021, did acquire FRE Composites Group so as to expand its portfolio of conduit pipes. The same company in October 2020, completed acquisition of Queen City Plastics’ assets with the objective of serving customers all across mid-Atlantic and Southeast regions of the US.
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The global electrical conduit pipe market is likely to grow on a technologically simulated note in the forecast period – Persistence Market Research