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Commercial Scale Non-Metal Electrical Conduit Market Size

Report ID: GMI10821
Published Date: Aug 2024
Report Format: PDF

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Commercial Scale Non-Metal Electrical Conduit Market Size

Commercial Scale Non-Metal Electrical Conduit Market was valued at USD 800 million in 2023 and is likely to register 8.4% CAGR between 2024 and 2032, driven by a rising demand for conduit solutions that are flexible, lightweight, and resistant to corrosion. According to the U.S. Department of Energy, smart building technologies can reduce energy consumption by up to 30%, which is further bolstering the market's growth. The market's expansion is also supported by an intensified emphasis on safety and durability in electrical installations.

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Non-metallic conduits, celebrated for their superior resistance to moisture, chemicals, and impact, are increasingly favoured in challenging environments. This trend is underscored by a boom in commercial infrastructure projects, especially in emerging economies, and heightened investments in smart building technologies. As a result, non-metal electrical conduits are becoming the preferred choice, outpacing traditional metal alternatives.

Commercial Scale Non-Metal Electrical Conduit Market Report Attributes
Report Attribute	Details
Base Year:	2023
Commercial Scale Non-Metal Electrical Conduit Market Size in 2023:	USD 800 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	8.4%
2032 Value Projection:	USD 1.8 Billion
Historical Data for:	2021 to 2023
No. of Pages:	100
Tables, Charts & Figures:	10
Segments covered:	Trade Size, Configuration
Growth Drivers:	Expansion of smart grid networks Refurbishment & retrofit of the existing grid infrastructure
Pitfalls & Challenges:	Slow-paced technological evolution across developing regions

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of commercial scale non-metal electrical conduit was worth over USD 800 million in 2023 and is anticipated to witness 8.4% CAGR from 2024 to 2032, due to the expanded adoption of non-metallic conduits due to their superior properties such as corrosion resistance, flexibility, and cost-effectiveness in diverse commercial applications.

The commercial scale non-metal electrical conduit market share from PVC configuration segment will expand at nearly 7.5% CAGR through 2032, with its durability, low cost, ease of installation, flame resistance and high dielectric strength, making them a preferred choice in commercial projects.

The APAC commercial scale non-metal electrical conduit market is projected to reach USD 800 million by 2032, with rapid industrialization, urbanization, and infrastructure development in countries such as China, India, and Southeast Asian nations.

Major players in the industry include Atkore International Group Inc., Schneider Electric SE, ABB Ltd., Champion Fiberglass, Inc., Guangdong Ctube Industry Co., Ltd., among others. These companies leverage strategic initiatives such as mergers and acquisitions, expansive R&D activities, and innovative products to maintain their competitive edge.