North America Conduit Fittings Market, By Product Type (Straps & Clamps, Couplings, Connectors, Plugs, Elbows, Bodies, Nipples & Reducers, Bushings, Locknuts, Caps, Hubs, Others), Material (Metallic, Non-Metallic), Type (Rigid, Flexible), Mounting Type (Wall, Pole), Application (Communication Cables, Electric Cables, Data Cables, Others), End-User (Residential, Industrial, Commercial) – Industry Trends and Forecast to 2030.
North America Conduit Fittings Market Analysis and Size
A conduit is a tube or duct for enclosing wires or cables. Conduit fittings connect conduit to other conduits or an electrical box. They are available in various metals and provide different levels of moisture protection. Conduit fittings are also called electrical fittings, which are used to connect conduits to electrical devices.
The rising demand for conduit fitting products due to their high degree of safety from electrification, reliability and corrosion-resistant properties is accelerating the conduit fittings market. Growing demand for alternatives of conduit available such as cable trays might restrain the conduit fittings market in North America. Increasing electrification and power supply projects create opportunities for the North America conduit fittings market. The global economic crisis is becoming a major challenge for the North America conduit fittings market.
The North America conduit fittings market was valued at USD 980.11 million in 2022 and is expected to reach USD 2,257.77 million by 2030, registering a CAGR of 5.6% during the forecast period of 2023-2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
North America Conduit Fittings Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015- 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Straps & Clamps, Couplings, Connectors, Plugs, Elbows, Bodies, Nipples & Reducers, Bushings, Locknuts, Caps, Hubs and Others), Material (Metallic and Non-Metallic), Type (Rigid and Flexible), Mounting Type (Wall and Pole), Application (Communication Cables, Electric Cables, Data Cables and Others), End-User (Residential, Industrial, Commercial)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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ABB (Switzerland), Eaton (Ireland), Schneider Electric (France), Emerson Electric Co. (United States), Hubbell (United States), Atkore (United States), Bridgeport Fittings, LLC (United States), Cantex Inc. (United States), Topaz Lighting Corp. (United States), Swagelok Company (United States), Legrand SA (France), IPEX Electrical Inc. (Canada), HellermannTyton (United States), Electri-Flex Company (United States), Nucor Corporation (United States)
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Market Opportunities
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Market Definition
The conduit fittings refer to the fittings, which are crucial components used in electrical installations to protect and secure electrical conduits that house and route electrical wires and cables. The market serves residential, commercial, industrial, and infrastructure sectors, providing essential products for applications such as building wiring, power distribution systems, telecommunications networks, and data centers.
North America Conduit Fittings Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail below:
Drivers
- Infrastructure development will determine the growth
The ongoing investments in infrastructure development projects, such as the construction of residential complexes, commercial buildings, industrial facilities, and transportation networks, create a significant demand for conduit fittings. These fittings are essential for the installation of electrical systems, ensuring safe and reliable power distribution.
- Renovation and upgradation projects
The need to upgrade existing infrastructure, including electrical systems, drives the demand for conduit fittings. Renovation projects in residential and commercial buildings, as well as modernization initiatives in industrial facilities, require conduit fittings for efficient and code-compliant electrical installations. This, in turn, is expected to boost market growth.
Opportunities
- Increasing investments in infrastructure development projects
North America has been witnessing significant investments in sectors such as residential, commercial, and industrial construction. These investments are aimed at expanding and upgrading the existing infrastructure, including electrical systems. This, in turn, is anticipated to provide an opportunity for the market.
Restraints/Challenges
- High costs to derail the growth
the demand for conduit fittings is influenced by various factors, including installation requirements, infrastructure development, and industry standards. However, one factor that can restrain and challenge market growth is the complexity and cost associated with installation and maintenance processes.
The installation of conduit fittings requires expertise and compliance with electrical codes and standards. This often necessitates professional services, which can add to the overall cost of electrical installations. Additionally, the maintenance of conduit fittings, including regular inspections and repairs, can incur ongoing service and maintenance costs for end-users.
- Volatility of raw material prices
Rapid changes in raw material prices can pose challenges for manufacturers, as they need to adjust their pricing strategies to maintain profitability. Sudden spikes in raw material costs can increase production expenses, resulting in lower profit margins or the need to pass on the increased costs to customers. This can affect the competitiveness of conduit fitting manufacturers in the market.
This North America conduit fittings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the North America conduit fittings market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Development
- In March 2021, Nucor Corporation announced the building of its new tube mill on its Nucor Steel Gallatin sheet mill in Kentucky, which will allow the company to take advantage of investments the company has made to expand the capacity of the Gallatin mill and add a galvanizing line. The USD 164.00 million investment project will be in operation by the middle of 2023. This will help the company increase its tubular products' production to a total of 250,000 tons and provide increasing demand.
North America Conduit Fittings Market Scope
The conduit fittings market is segmented on the basis of product type, material, type, mounting type, application and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Product Type
- Straps & Clamps
- Couplings
- Connectors
- Plugs
- Elbows
- Bodies
- Nipples & Reducers
- Bushings
- Locknuts
- Caps
- Hubs
- Others
Type
- Rigid
- Flexible
Mounting Type
- Wall
- Pole
Application
- Communication Cables
- Electric Cables
- Data Cables
- Others
End-User
- Residential
- Industrial
- Commercial
North America Conduit Fittings Market Regional Analysis/Insights
North America conduit fittings market is analyzed, and market size information is provided by the country, product type, material, type, mounting type, application and end-user.
The countries covered in the North America conduit fittings market report are the U.S., Canada and Mexico.
The U.S. is expected to hold the largest market share in the North America conduit fittings market as in the U.S. The market is highly fragmented for metallic material due to the large presence of regional manufacturers and international players. In contrast, Canada is expected to dominate with the second highest market share due to the increasing construction of commercial buildings and increasing spending for the metallic material on new residential construction, which provides opportunities for the growth of the conduit fittings market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Conduit Fittings Market Share Analysis
The North America conduit fittings market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to North America conduit fittings market.
Some of the major players operating in the North America conduit fittings market are:
- ABB (Switzerland)
- Eaton (Ireland)
- Schneider Electric (France)
- Emerson Electric Co. (United States)
- Hubbell (United States)
- Atkore (United States)
- Bridgeport Fittings, LLC (United States)
- Cantex Inc. (United States)
- Topaz Lighting Corp. (United States)
- Swagelok Company (United States)
- Legrand SA (France)
- IPEX Electrical Inc. (Canada)
- HellermannTyton (United States)
- Electri-Flex Company (United States)
- Nucor Corporation (United States)
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