(MENAFNEditorial) New York, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Understanding various traits of the Global Electrical Conduit Pipe Market: Forecast Analysis
The research report on global electrical conduit pipe market incudes value and volume projections for the 2017-2025 period. As per this research report, the global market for electrical conduit pipes is anticipated to reach a value of about US$ 33.5 Bn by the end of the period of forecast from a valuation of around US$ 25.5 Bn in 2017. It is projected to grow at a CAGR of 3.5% throughout the period of forecast, 2017-2025. With respect to volume, the global market is projected to grow at a CAGR of 3.5% during this period.
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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.
Global Electrical Conduit Pipe Market: Segmental Analysis
The global market for electrical conduit pipes is segmented by material type, by product type, by end use, by application and by region.
By product type, the rigid segment is anticipated to dominate the global market in terms of both growth rate and market value. This segment is projected to grow at a comparatively higher CAGR of 3.6% throughout the period of assessment
Electrical Conduit Pipe Market Segmentation By Material Type ( Plastic, PVC, HDPE, LDPE, PP, Others, Metal, Aluminum, Galvanized Steel, Stainless Steel ); By Product type ( Rigid Conduit Pipe, Flexible Conduit Pipe ); By End Use ( Residential, Commercial, Industrial ); By Application ( Electric Wire Cables, IT and Telecommunication Data Cables ) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025: By application, electric wire cables segment is projected to grow at a higher pace to reach a noteworthy valuation by 2025. It is likely to lead the global market and is projected to grow at a CAGR of 3.5%
By end use, the commercial segment is highly lucrative in terms of value and pace. It is projected to reflect a value CAGR of 3.7% throughout the forecast period By region, Asia Pacific region is expected to reflect higher market attractiveness. Electrical conduit pipes market in APAC region is likely to dominate the market in other regions owing to higher market value of more than US$ 15 Bn by the end of 2025
By material, plastic segment is the fastest growing segment and is experiencing higher adoption. It is poised to register a high CAGR of 4.6% during 2017-2025
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The research report on global electrical conduit pipe market includes analysis on key players such as Aliaxis Group S.A, Atkore International Holdings Incorporated, Mexichem SAB de CV, JM Eagle, Inc., Cantex, Inc., Wienerberger AG, Sekisui Chemical Co., Ltd., D. P. Jindal Group, Zekelman Industries Inc., National Pipe and Plastics, Inc., China Lesso Group Holdings Ltd., Nan Ya Plastics Corp, Premier Conduit Inc., International Metal Hose Company, OPW Corporation, Sanco Industries Ltd., Pipelife International GmbH and ASTRAL POLYTECHNIK LIMITED.
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