New York, United States , Sept. 04, 2024 (GLOBE NEWSWIRE) — The Global Electrical Conduit Market Size is to Grow from USD 8.9 Billion in 2023 to USD 17.9 Billion By 2033, at a Compound Annual Growth Rate (CAGR) of 7.2% during the projected period.
Based on the type, the global electrical conduit market is divided into rigid and flexible. Among these, the rigid segment dominates the market with the highest market share of the electrical conduit market during the projected period. Electric conduit is strong and durable, making it ideal for heavy-duty industrial and commercial applications. They are made of steel, aluminum, or PVC and offer excellent protection from physical damage, moisture, and corrosion while adhering to strict safety regulations. Their durability makes them ideal for environments that require extensive mechanical protection, such as factories and warehouses.Based on the material, the global electrical conduit market is categorized into metallic and non-metallic. Among these, the metallic segment is anticipated to grow at the fastest pace during the projected period. These steel and aluminum conduits are extremely durable and offer excellent shielding for electrical wiring in industrial and commercial settings. Their strength and resistance to impact, moisture, and chemicals make them the best choice for environments that require high mechanical protection and adherence to safety protocols.Based on the application, the global electrical conduit market is categorized into energy, rail infrastructure, manufacturing facilities, shipbuilding & offshore facilities, process plants, and others. Among these, the North America is expected to hold the largest share of the global electrical conduit market over the forecast period. Due to significant investments in infrastructure modernization and smart grid technologies. The United States contributes significantly to this dominance, as evidenced by initiatives like the Biden Administration’s infrastructure plan, which invests billions of dollars in electrical infrastructure. These initiatives seek to upgrade the national grid and incorporate renewable energy sources.This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global electrical conduit market based on the below-mentioned segments: 
(GlobeNewsWire)