PVC Conduit Pipes Manufacturing Business. Electrical PVC Pipe Production
Electrical Conduit Pipe Market is projected to register a CAGR of 3.5% by 2025
Use of PVC pipes as electrical conduits is well accepted in household and industrial activities. PVC pipes of different diameters have gained wider acceptance for water supply. Their light weight, low cost, easy installation, non-corrosiveness, high tensile strength to withstand high fluid pressure make them ideal for number of purposes. They also offer resistance to most of the chemicals and have excellent electrical and heat insulation properties. Due to the chemical resistant properties the PVC pipe fittings are widely used in these areas.
PVC pipes and fittings are mainly used in all sectors but the major usages are in household water supply, electrification in houses and industries, and irrigation facilities in agriculture. PVC conduit is used primarily in electrical systems. PVC conduit typically works as housing for wiring.
Growing urbanization increases demand for electrical conduit pipe. It is estimated that China, the U.S. and India are prominent regions where rural areas are being converted into urban areas and these countries will collectively be responsible for more than a 50% share of the growth in the construction industry by the end of 2020. With this continuous growth in the building & construction industry, the demand for electrical conduit pipes is expected to increase over the forecast period with the increase in urbanization. Moreover, increasing projects in the field of electrification and power supply also provide ample opportunity for the growth of the electrical conduit pipe market.
The global electrical conduit pipe market is anticipated to grow at a steady rate to reach a significant value by the end of the assessment period. In 2017, the global electrical conduit pipe market reflected a value of about US$ 25 Bn and is estimated to reach a market valuation of more than US$ 33 Bn by the end of the period of assessment. The global market is projected to register a CAGR of 3.5% throughout the period of forecast, 2017-2025.
On the basis of different materials, the market has bifurcated into plastic and metal. Some materials, such as PP, LDPE, PVC, HDPE and others, are included in the plastic type materials segment. Beside these, stainless, aluminum and galvanized steel fall into metal type materials. The plastic segment is likely to experience as the largest and fastest growth segment in the global market for electrical conduit pipe.
The growth of the global electrical conduit pipe market is influenced by several factors. To name a few, growing electronics industry fuelling the growth of the global market for electrical conduit pipes, replacement of aged pipes, enhancements in conduit pipes, ease of installation and very less maintenance, rising demand for HDPE pipes, demand for electrical conduit pipes to rise owing to higher adoption by telecommunication operations by various end use industries, market consolidation and expansion, rising infrastructure development and also their benefits such as anti-corrosion properties are expected to boost the demand and hence spur the growth of the electrical conduit pipes market. Few factors like price and currency volatility, higher cost of plastic recycling, slowdown in the demand in the residential sector and excessive production of steel can prove to be main challenges to the growth of the electrical conduit pipes market.
Electrical Conduit Market will grow on account of growing demand for highly safe, secure, and effective wiring systems along with increasing demand for cable management systems. The increasing need for simpler, safer and frequently alterable electrical conduits will drive the industry growth. Growing urbanization in the emerging economies will further boost the demand for these products.
With this continuous growth in the building & construction industry, the demand for electrical conduit pipes is expected to increase over the forecast period with the increase in urbanization. Moreover, increasing projects in the field of electrification and power supply also provide ample opportunity for the growth of the electrical conduit pipe market.
Rapid technological advancements along with several ongoing R&D ventures toward developing shockproof and enhanced waterproof conduits will stimulate the electric conduit market size. Furthermore, the growing need to develop specialized equipment for encasing and routing will fuel the industry growth. Provision of halogen free and green conduit systems specific to food and healthcare segments will create new opportunities in the electrical conduit market.
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