Home » Automotive, Business, Europe, Technology » Electrical Conduit Systems Market was valued at USD 3,954.1 Mn in 2014 And Expected to Reach USD 8.12 Billion By 2022: Credence Research
CredenceResearch.com has Published New Research Report Title “Electrical Conduit Systems Market – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2021”

According to a new market research report published by Credence Research “Electrical Conduit Systems Market (Rigid & Flexible; Metallic & Non-metallic) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022” the global electrical conduits market was valued at US$ 3,954.1 Mn in 2014 and is estimated to expand with a CAGR of 9.2% from 2015 to 2022.

Browse the full report at (Electrical Conduit Systems Market – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2021) http://www.credenceresearch.com/report/electrical-conduit-systems-market

Market Insights

Electrical conduit systems form a subset of cable management systems which are used for carrying cables and wires. Conduits are tubular raceways designed for protection and routing of electrical cables/wires. The electrical conduit system comprises tubing (conduit) and the required fitting components such as elbows, clamps, connectors and others. The most popular types of electrical conduits include galvanized steel rigid conduits (GRC), electrical metallic tubing (EMT), intermediate metal conduit (IMC), aluminum rigid conduit and PVC conduit. By far, GRCs account for the largest share, in terms of revenue, in the global market. However, in terms of penetration, PVC conduit systems account for the largest share worldwide.

The electrical conduit systems market is largely driven by the ever-rising construction industry worldwide. Due to growing construction activities across the industrial, commercial and residential sectors, the demand for electrical conduit systems is expected to remain consistent in the coming years. Further, superior advantages over other wiring methods is another major factor propelling the market growth. Nevertheless, the market faces significant challenges due to higher costs of conduit systems coupled with availability of alternatives.

Competitive Insights

The overall electrical conduit systems market is fragmented in nature with large number of players operating in the market globally. However, the market scenario varies largely across each of the major geographies. For instance, the market in Asia Pacific is more fragmented and unorganized as compared to that in North America and Europe. This is due to large number of regional players in the region making higher market penetration difficult for any single player. On the contrary, North America market is quite consolidated with some of the major players such as Atkore International, Inc., Thomas and Betts Corporation, Robroy Industries, Inc. and others accounting for substantial market share.

For More Information, List of Figure, Tables And TOC Visit – http://www.credenceresearch.com/report/electrical-conduit-systems-market

Key Trends

  • Penetration in emerging economies having booming construction industry
  • Focus on providing halogen free and green conduit systems suitable for food and healthcare applications
  • Emphasis on providing conduit systems to the industrial segment due to its high profitability
  • Focus on online sales due to growing online retail industry

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa. 

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Web:  Credence Research

Blog: http://www.mobilecomputingtoday.co.uk/2676/electrical-conduit-systems-market-reach-8-12-2022/

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: sales@credenceresearch.com
Phone: 1-800-361-8290
Address:105 N 1st ST #429
State: California
Country: United States
Website: http://www.credenceresearch.com/report/electrical-conduit-systems-market

Comments are closed.