Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 18.75 Billion | USD 30.01 Billion | 5.7% | 2021 |
FrequentlyAsked Questions
An electrical conduit is an electrical piping solution widely adopted in the protection of electric wiring. However, it is widely used for protecting cables against pressure stress, tensile stress, cold, and heat in the electrical and mechanical engineering industry. Manufacturers offer different types of conduits for a wide range of applications with different tech requirements.
The global plastic conduit market was valued at $18.75 billion in 2021 and is anticipated to reach 30.01 billion by the end of 2030. The market is projected to grow with a healthy CAGR of 5.7% during the forecast period.
Some of the significant players in the global plastic conduit market include Sanco Industries Ltd., International Metal Hose Company, Premier Conduit Inc., Zekelman Industries Inc., Pipelife International GmbH, D.P. Jindal Group, Nan Ya Plastics Corp., China Lesso Group Holdings Ltd.
North America accounts for the largest share in the global plastic conduit market, with the growing demand to replace the traditional electrical equipment in the region with a high-quality system. Furthermore, the growing construction activities in the region will further contribute towards the growth of the regional market.
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