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Industrial Non Metal Electrical Conduit Market Size

Report ID: GMI11201
Published Date: Sep 2024
Report Format: PDF

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Industrial Non Metal Electrical Conduit Market Size

Industrial Non-Metal Electrical Conduit Market was valued at USD 800 million in 2023 and is likely to register about 8.3% CAGR from 2024 to 2032, due to the increasing demand for cost-effective, durable, and lightweight electrical conduits in sectors such as manufacturing, energy, and telecommunications. According to the U.S. Department of Energy, renewable energy projects have grown by 15% annually, amplifying the appeal of non-metal electrical conduits. These conduits are lauded for their resistance to corrosion and ease of installation.

Industrial Non-Metal Electrical Conduit Market

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Furthermore, with industries grappling with stringent safety regulations, there's a pronounced pivot towards non-metal conduits, which offer enhanced protection against environmental adversities. As investments in industrial automation surge and electrical systems undergo upgrades, non-metal electrical conduits are solidifying their status as essential components in the transformation of contemporary industrial electrical networks.

Industrial Non Metal Electrical Conduit Market Report Attributes
Report Attribute	Details
Base Year:	2023
Industrial Non Metal Electrical Conduit Market Size in 2023:	USD 800 Million
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	8.3%
2024 – 2032 Value Projection:	USD 1.6 Billion
Historical Data for:	2021-2023
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 industrial non metal electrical conduit was worth over USD 800 million in 2023 and is expected to register 8.3% CAGR from 2024 to 2032, due to the increasing demand for cost-effective, durable, and lightweight electrical conduits worldwide.

Industrial non metal electrical conduit industry from the 2 ½ to 3 trade-size segment is expected to reach over USD 400 million by 2032, due to increasing demand across various industries such as manufacturing, energy, and telecommunications.

Asia Pacific industrial non metal electrical conduit industry is likely to exceed USD 700 million by 2032, due to rapid industrialization, burgeoning infrastructure projects, and a growing energy sector in the region.

Atkore, ABB, Champion Fiberglass, Inc., CANTEX INC., Electri-Flex Company, HellermannTyton, Hubbell, Legrand, Schneider Electric, Wienerberger AG, and Guangdong Ctube Industry Co., Ltd., are some of the major industrial non metal electrical conduit companies worldwide.