Metal Conduits are expected to hold the largest market share in revenue terms during the forecast period – 6W research.
An electrical conduit system can be used for underground electrical wiring purpose. Electrical conduits can be installed underground between structures or buildings for power and communication cables. These underground conduits are known as duct bank. The application of electrical conduit has made maintenance of electrical wiring safe and simple. Furthermore, electrical conduit is less esthetically appealing as compared to the concealed wiring system. This, in turn, is projected to hamper the electrical conduit market in the region.
According to 6Wresearch, Saudi Arabia Conduits Market size is projected to grow at a CAGR of 2.8% during 2020-26. The overall demand for conduits is anticipated to grow at a steady pace on account of favorable government regulations and increasing construction projects in infrastructure, residential, water and energy sector on account of Vision 2030, which would drive the growth of conduits industry over the coming years.
According to Prithu Chawla, Senior Research Analyst, 6Wresearch, “Metal Conduits dominated the market of conduits in Saudi Arabia due to their better mechanical protection properties and operational efficiency. Furthermore, overall reduction in cost of installation of these conduits would also boost their demand in the coming years.”
“Rigid conduits dominated the Saudi Arabia conduits market due to their durability which makes them resistant to wear and tear under extreme conditions. Thus, opening up avenues for the application of such conduits in industrial and commercial spaces.” Prithu further added.
According to Siddharth Saxena, Research Associate, 6Wresearch, “PVC segment dominated the market of plastic conduits in Saudi Arabia on account of rapid development of construction sector as currently more than 5,200 construction projects are currently rolling out in the nation with an estimated value of more than $800 billion. PVC conduit is often used in underground and wet locations. This Material of conduits are favored due to their economical prices and are mostly used indoors in walls or ceilings, outdoors and above-ground use.”
“Saudi Arabia Conduits Market (2020-2026)" provides an in-depth analysis with 35 figures, covered in 70 pages. The report estimates and forecasts the overall Saudi Arabia conduits market by types and materials. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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