"Strong Demand for Electrical Conduit Systems to Ensure Robust Fittings Market Growth" 

The global electrical conduit fittings market was valued at US$ 1,256.9 Mn in 2021 and is further expected to reach US$ 2,071.6 Mn in 2030, growing at a CAGR of 6.0% during the forecast period from 2023 to 2030. Electrical conduit fittings cover wide array of products used for installing electrical conduit systems in wiring system. The market growth is highly driven by the consistently growing construction sector worldwide across commercial, industrial, and residential segments. Electrical conduit systems are among the most popular methods of wiring system across the construction sector. Subsequently, rise in demand for electrical conduit systems directly supports the related fittings market. Nevertheless, growing adoption of cable trays and ladders may hamper the market growth in the years to come. 

"Metallic Electrical Conduit Fittings Segment to Dominate the Market Throughout the Forecast Period"

Metallic electrical conduit fittings segment dominate the overall market with over 56% share the total market size. Electrical conduit systems and fittings are typically used in industrial sector and are costlier as compared to non-metallic counterparts. Although non-metallic conduit fittings are higher, in terms of volume, due to lower cost of these fittings, the segment generates less revenue as compared to metallic conduit fittings segment. Nevertheless, due to strong residential construction worldwide, non-metallic fittings segment is expected to register higher growth rate during the forecast period. 

"Asia Pacific to Register the Fastest Growth During the Forecast Period"

In 2021, Asia Pacific dominated the overall electrical conduit fittings market with over 34% share of the total market revenue generated worldwide. Furthermore, Asia Pacific is estimated to demonstrate the fastest growth for electrical conduit fittings during the forecast period. India and China are the major driving markets for electrical conduit fittings due to the presence of lucrative construction industry in the two countries. 

The major companies profiled in the report include Arlington Industries, Inc., Atkore International, Inc., Eaton Corporation plc, Dura-Line Corporation, HellermannTyton Group Plc., Hubbell, Inc., Legrand SA, Robroy Industries, Inc., Schneider Electric SE, Southwire Company, LLC, and ABB Ltd.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Electrical Conduit Fittings market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Electrical Conduit Fittings market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Electrical Conduit Fittings market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Electrical Conduit Fittings market?
• Which is the largest regional market for Electrical Conduit Fittings market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Electrical Conduit Fittings market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Electrical Conduit Fittings market worldwide?