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PVC Electrical Conduit Market Size

Report ID: GMI8093
Published Date: Oct 2024
Report Format: PDF

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PVC Electrical Conduit Market Size

The global PVC electrical conduit market size was valued at USD 2.6 billion in 2023 and is estimated to grow at a CAGR of 7.5% from 2024 to 2032. Urbanization and industrial growth are driving up demand for efficient electrical systems, with PVC conduits gaining popularity due to their cost-effectiveness and easy installation.

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Safety regulations, such as the 2022 update to San Francisco's Building Code, now require non-metallic conduits in construction projects, further boosting market growth. PVC conduits are seeing increased use in residential, commercial, and industrial sectors for power distribution and telecommunications wiring.

In developing countries, ongoing infrastructure development and renovation projects, coupled with the expanding renewable energy sector, are fueling demand for these reliable wiring solutions. The versatility and durability of PVC electrical conduits make them an attractive choice for various applications, contributing to the overall expansion of the market. As cities grow and industries evolve, the need for safe and efficient electrical infrastructure continues to drive the adoption of PVC conduits across different sectors.

PVC Electrical Conduit Market Report Attributes
Report Attribute	Details
Base Year:	2023
PVC Electrical Conduit Market Size in 2023:	USD 2.6 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	7.5%
2032 Value Projection:	USD 5.2 Billion
Historical Data for:	2021 to 2023
No. of Pages:	70
Tables, Charts & Figures:	10
Segments covered:	Trade Size, End Use
Growth Drivers:	Expansion of smart grid networks Refurbishment & retrofit of the existing grid infrastructure Rising peak load demand
Pitfalls & Challenges:	Slow-paced technological evolution across developing regions

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global PVC electrical conduit industry was valued at USD 2.6 billion in 2023 and is estimated to grow at a 7.5% CAGR from 2024 to 2032, driven by urbanization and industrial growth.

The 2 ½ to 3 trade size segment is expected to exceed USD 1.4 billion by 2032 due to its ability to handle higher wiring capacities while maintaining installation flexibility.

U.S. PVC electrical conduit market is projected to surpass USD 710 million by 2032, driven by increasing demand for energy-efficient electrical systems in residential and commercial construction.

Key players in the industry include ABB, Anamet Electrical, ASTRAL, Atkore, Bahra Electric, CANTEX, Champion Fiberglass, Electri-Flex, Guangdong Ctube Industry, and HellermannTyton.