Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2300 Million | USD 3800 Million | 6.5% | 2022 |
FrequentlyAsked Questions
Electric cable connections to electrical equipment are made via electrical fittings. They offer a reliable and secure connection between the wires and the machinery. Electrical fittings are essential because they make it possible for electrical systems to run securely and dependably. Electrical fittings are made up of a variety of parts that each have a distinct function in electrical systems. The electrical fittings include switches, outlets and receptacles, circuit breakers, fuses, electrical boxes and enclosures, conduit and conduit fittings, and others.
The construction industry is continually expanding on a global scale in the commercial, industrial, and residential categories, which is a major driver of market growth. In the building industry, electrical conduit systems are among the most often used wiring techniques. Therefore, the market for associated fittings is directly supported by the increase in demand for the electrical fittings market.
According to the report, the global electrical fittings market size was worth around USD 2300 million in 2022 and is predicted to grow to around USD 3800 million by 2030.
The global Electrical Fittings market is expected to grow at a CAGR of 6.5% during the forecast period.
The global Electrical Fittings market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to growing industrialization and the rising construction industry.
The global Electrical Fittings market is dominated by players like Madison Electric Company, Emerson Electric, AMFICO, Arlington Industries, Topaz, MK Electric, Eaton, SEPCO USA, Schneider Electric, Bridgeport Fittings, and Picoma among others.
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