Electrical Conduit Market Anticipated to Reach USD 16.27 Billion by 2032

According to the SNS Insider report, The Electrical Conduit Market Size was valued at USD 8.713 billion in 2023 and is expected to reach USD 16.27 billion by 2032 and grow at a CAGR of 7.19 % over the forecast period 2024-2032.The electric conduit market is experiencing significant growth due to rapid urbanization and the development of smart cities, which are driving increased investments in infrastructure globally. This surge in infrastructure projects has created a heightened demand for reliable electrical systems, including conduits essential for powering urban infrastructure like transportation and telecommunications.