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Commercial Scale Non-Metal Electrical Conduit Market Trends

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

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Commercial Scale Non-Metal Electrical Conduit Market Trends

The commercial-scale non-metal electrical conduit industry is witnessing several significant trends. A growing emphasis on eco-friendly building materials is propelling the adoption of non-metallic conduits, increasingly valued for their sustainability and recyclability. According to the U.S. Environmental Protection Agency, the use of sustainable building materials can reduce construction waste by up to 90%. Thanks to technological advancements, the performance of these conduits has been enhanced, resulting in greater flexibility and simpler installation.

Additionally, the market is observing a surge in smart infrastructure projects that incorporate advanced conduit systems, ensuring improved connectivity and management. Regulatory shifts are also advocating for heightened safety standards, further bolstering the preference for non-metallic conduits in commercial buildings, especially given their fire resistance and resilience to environmental factors. Collectively, these trends chart a robust growth path for the market.

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.