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PVC Electrical Conduit Market Trends

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

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PVC Electrical Conduit Market Trends

The market is growing significantly due to several factors. The demand for robust and efficient electrical infrastructure in urban and industrial settings is a primary driver. Strict building codes and regulations mandating non-metallic conduits for improved safety and corrosion resistance are also increasing demand. The growth in residential, commercial, and industrial construction projects, alongside the expanding renewable energy sector, contributes to market expansion.

The U.S. Energy Information Administration (EIA) reports that solar, wind, and geothermal sources generated about 17% of U.S. electricity in 2022, up from approximately 5% in 2013. Technological advancements, such as fire-resistant and eco-friendly PVC materials, are influencing market trends. The focus on sustainable construction and energy-efficient solutions is driving innovation and new product development in the PVC electrical conduit industry.

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.