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North America Non Metal Electrical Conduit Market Size
- Report ID: GMI11619
- Published Date: Sep 2024
- Report Format: PDF
North America Non Metal Electrical Conduit Market Size
North America Non-Metal Electrical Conduit Market size was valued at USD 697.4 million in 2023 and is projected to grow at a CAGR of 7.1% between 2024 and 2032. The market is experiencing growth driven by increased construction activities, sustainable building practices, technological advancements, stringent safety regulations, and expanding renewable energy projects. Rising demand in residential, commercial, and industrial sectors fuels the need for electrical conduits to protect wiring systems. Non-metal options like PVC and fiberglass are preferred for their corrosion resistance and lower environmental impact. Innovations in lightweight and flexible conduits enhance installation efficiency.
Strict safety standards necessitate reliable electrical installations using non-metal conduits. According to the U.S. Energy Information Administration, utility-scale solar electricity generation increased by 24.7% in 2022 compared to the previous year, indicating a growing market for non-metal conduits in renewable energy applications. This expansion of renewable energy projects and infrastructure upgrades contributes significantly to the market's growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Non Metal Electrical Conduit Market Size in 2023 : | USD 697.4 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.1% |
| 2032 Value Projection: | USD 1.3 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 60 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Trade Size, Configuration, End Use |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
North America Non Metal Electrical Conduit Market Scope
