Home > Energy & Power > Wire and Cable > Power Cable > Residential Non-Metal Electrical Conduit Market

Residential Non-Metal Electrical Conduit Market Analysis

  • Report ID: GMI10890
  • Published Date: Aug 2024
  • Report Format: PDF

Residential Non-Metal Electrical Conduit Market Analysis

The market for 2 ½ to 3 trade-sized residential non-metal electrical conduits is projected to exceed USD 600 million by 2032. The surge in residential construction, particularly in urban and suburban areas, is propelling demand for conduits that support larger electrical systems. These conduits offer flexibility, ease of installation, and lower costs compared to metal alternatives, making them ideal for expanding homes and energy-efficient projects. The rise in renewable energy systems, such as solar power installations, is also pushing the need for more robust and flexible conduit solutions.
 

Residential Non Metal Electrical Conduit Market Share, By Configuration, 2023

The residential non-metal electrical conduit market, particularly for PVC configurations is anticipated to grow at a CAGR of over 8% through 2032. This expansion is fuelled by the increasing preference for PVC due to its cost-effectiveness, lightweight nature, and excellent corrosion resistance compared to traditional metal conduits. The growing focus on energy-efficient housing, coupled with rising urbanization and new residential construction projects, is driving the demand for PVC conduits.
 

Additionally, the ease of installation and maintenance, along with enhanced durability in harsh environmental conditions, makes PVC a popular choice. The integration of renewable energy systems and smart home technologies is also spurring demand for reliable, flexible conduit solutions like PVC in residential electrical installations.
 

Asia Pacific Residential Non Metal Electrical Conduit Market, 2022 – 2032 (USD Million)

Asia-Pacific residential non-metal electrical conduit market is projected to surpass USD 1.1 billion by 2032. Rapid urbanization and a burgeoning residential construction sector in major economies are driving the demand for efficient and cost-effective electrical systems. Furthermore, government regulations championing energy efficiency and endorsing non-metallic materials for heightened safety are catalysing the market's expansion. A growing emphasis on sustainable building practices, coupled with a heightened preference for flexible and durable conduit solutions, is amplifying the uptake of non-metal electrical conduits in residential settings throughout the region.
 

The U.S. residential non-metal electrical conduit market is witnessing growth due to increased housing construction, rising adoption of energy-efficient solutions, and the need for flexible, corrosion-resistant conduit systems. Government regulations promoting safety and sustainability in electrical infrastructure, along with a shift towards modern construction practices, are further propelling the demand for non-metal conduits in residential applications across the country.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of residential non-metal electrical conduit was worth about USD 1.1 billion in 2023 and is set to experience 8.5% CAGR through 2032, fueled by a rising demand for conduit systems that are safer, lighter, and resistant to corrosion.

The residential non-metal electrical conduit market from the PVC segment is anticipated to grow at over 8% CAGR through 2032, due to its cost-effectiveness, lightweight nature, and excellent corrosion resistance.

APAC residential non-metal electrical conduit market size is projected to surpass USD 1.1 billion by 2032, propelled by rapid urbanization and a burgeoning residential construction sector.

ABB, ASTRAL Limited, Anamet Electrical, Inc., Atkore, CANTEX INC., Champion Fiberglass, Inc., Electri-Flex Company, HellermannTyton, Hubbell, and Legrand among others.

Residential Non-Metal Electrical Conduit Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 10
  • Countries covered: 19
  • Pages: 100
 Download Free Sample