Commercial Scale Non-Metal Electrical Conduit Market Size - By Trade Size (½ to 1, 1 ¼ to 2, 2 ½ to 3, 3 to 4, 5 to 6), By Configuration (PVC, Reinforced Thermosetting Resin (RTRC/FRE), Rigid Non-Metallic (RNC), Electrical Non-Metallic Tubing (ENT)) & Forecast, 2024 - 2032
Report ID: GMI10821
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Published Date: August 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 13
Tables & Figures: 10
Countries covered: 19
Pages: 100
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Commercial Scale Non-Metal Electrical Conduit Market
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Commercial Scale Non-Metal Electrical Conduit Market Size
The commercial scale non-metal electrical conduit market was valued at USD 800 million in 2023 and is forecasted to expand at a robust CAGR of 8.4% through 2032, due to an increased need for lightweight, flexible and corrosion resistant conduit solutions. According to the US Department of Energy, smart building technologies can reduce energy consumption by up to 30%, which is improving the growth of the market. The market's expansion is also supported by an intensified emphasis on safety and durability in electrical installations.
Furthermore, there is an increasing preference for the adoption of non-metallic conduits because of their better resistance to moisture, chemicals, and impact. This trend is also aided by a surge in commercial infrastructure projects, especially in developing countries, and increased investment in smart building technologies. Consequently, non-metal electrical conduits are becoming the most widely used, replacing conventional metal ones.
Commercial Scale Non-Metal Electrical Conduit Market Trends
The commercial-scale non-metal electrical conduit industry is witnessing several significant trends. The push for greener materials in construction is boosting the use of non-metallic conduits because these are more environmentally friendly and can be recycled. As reported by the U.S. Environmental Protection Agency, the application of eco-friendly building materials can minimize the waste related to construction activities by 90%. Also, with the improvement of technology, the efficiency of these conduits has been improved, which has made their installation less complicated.
Also, there is an increase in smart structure development projects that utilize the latest technology in conduits so as to increase the level of coverage and control. The changes in legislation are also supporting non-metallic conduits’ use in commercial buildings as they are non-flammable and more tolerant of harsh environmental conditions. All these factors contribute positively to market growth.
Commercial Scale Non-Metal Electrical Conduit Market Analysis
The market for 2 ½ to 3 trade-sized segment is poised to exceed USD 400 million by 2032. Development in the commercial real estate sector is rising the need for office and educational buildings which in turn escalates the need for housing more complex electrical systems in larger conduits.
Furthermore, safety standards and energy compliances are also pushing the usage of non-metal structures which are more resistant to environmental and fire damage. In addition, the growing use of integrated building management systems as well as smart structures will require larger conduits to accommodate the massive connectivity and cabling needed.
The commercial scale non-metal electrical conduit market for from PVC configuration is expected to grow at a rate higher than 7.5% CAGR by 2032 due to various compelling factors. Non-metallized electrical conduits of PVC configuration are expected to grow the fastest in the next few years as more people discover their uses. PVC conduits in particular are preferred for their lightweight properties which make them easy to transport and install.
These are also used to for advanced systems in commercial buildings and offices since they are insulators and are resistant to moisture, corrosion, and chemicals. Furthermore, their cost effectiveness compared to metals is an added advantage which is increasing their adoption in the market. All these factors are making PVC conduits a preferred option in the market.
The commercial scale non-metal electrical conduit market in the Asia-Pacific region is expected to surpass USD 800 million by 2032 owing to the rapid urbanization and industrialization of the region. The growth of government buildings, business office centres, and even restaurants and schools lead to greater demand for non-metallic conduits.
Moreover, rising investment in intelligent building technologies and green building construction systems also encourage the use of non-metal conduits because of their durability. The growth in non-metallic electrically activated structures used for commercial purposes can also be attributed to regulatory improvements enhancing fire safety standards and an overall increase in the preference for non-metallic options.
The U.S. commercial scale non-metal electrical conduits propelled by increasing commercial construction projects, the high availability of sustainable building materials, and increasingly strict safety regulations. Also, rising smart technology adoption and energy-efficient systems installation in commercial premises increases the need for non-metallic conduits. Furthermore, the ease and cost-effective installation of non-metallic conduits aids the growth of the market.
Commercial Scale Non Metal Electrical Conduit Market Share
Atkore holds a significant share in the commercial scale non-metal electrical conduit industry stemming from their strong portfolio of PVC and other non-metal conduit products. Atkore has an edge in the market due to the company's emphasis on high-quality product innovation and the company’s broad distribution channels. A commercial construction activity has a growing demand and Atkore's dedication to safety requirements ensures that the company also participates in developing the market.
Commercial Scale Non-Metal Electrical Conduit Market Companies
Some of the key market players operating across the commercial scale non metal electrical conduit industry are:
Commercial Scale Non Metal Electrical Conduit Industry News:
The commercial scale non-metal electrical conduit market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032, for the following segments:
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Market, By Trade Size
Market, By Configuration
The above information has been provided for the following regions and countries: