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Industrial Non Metal Electrical Conduit Market Trends

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

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Industrial Non Metal Electrical Conduit Market Trends

The industrial non-metal electrical conduit industry is experiencing notable trends driven by technological advancements and industry demands. Key trends include the growing adoption of flexible and rigid non-metal conduits due to their corrosion resistance, lighter weight, and ease of installation compared to metal alternatives. Sustainability is also playing a significant role, with industries prioritizing eco-friendly materials and conduits that comply with stringent environmental regulations. The rise of smart factories, industrial automation, and renewable energy projects is further boosting demand for non-metal conduits, which offer enhanced safety and protection for complex electrical systems.

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.