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Non-Metal Electrical Conduit Market Size
- Report ID: GMI6232
- Published Date: Jul 2023
- Report Format: PDF
Non-Metal Electrical Conduit Market Size
Non-Metal Electrical Conduit Market size was valued at around USD 3 billion in 2022 and is estimated to register at a CAGR of over 8.1% between 2023 and 2032. The electrical conduit industry is experiencing significant growth due to increasing concerns regarding electrical supply problems, fire hazards, health risks, and operational safety. Developing economies are actively investing in the improvement of their electrical infrastructure and upgrading existing grid networks, creating a favorable business environment. Moreover, companies in the industry are continuously enhancing their product offerings and engaging in mergers and acquisitions to strengthen their market presence, leading to a promising outlook for the electrical conduit industry.
Non-metal electrical conduits are types of conduits used for the installation and protection of electrical wiring. Unlike traditional metal conduits, non-metal conduits are made from materials that are non-conductive and do not have metal components. These units are gaining a higher recognition owing to its numerous advantages over other alternatives. Non-metal conduits, such as PVC or HDPE, are non-conductive materials. Unlike metal conduits, they do not conduct electricity, which reduces the risk of electrical shocks and short circuits. This makes non-metal conduits safer for installations where electrical insulation is crucial. Moreover, these units are highly resistant to corrosion. They are not susceptible to rust, oxidation, or chemical degradation, making them ideal for installations in corrosive environments, outdoor settings, or areas with high moisture content, which complement its adoption. Furthermore, non-metal conduits are generally lighter in weight compared to metal conduits, making them easier to handle and install. They are also more flexible, allowing for easier bending and maneuvering around obstacles during installation, especially in confined spaces.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Non-Metal Electrical Conduit Market Size in 2023: | USD 3.4 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.9% |
| 2032 Value Projection: | USD 6.9 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 320 |
| Tables, Charts & Figures: | 411 |
| Segments covered: | Trade Size, Classification, End Use |
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Non-Metal Electrical Conduit Market Scope
