Residential PVC Electrical Conduit Market Size - By Trade Size, Analysis, Growth Forecast, 2024 – 2032

Residential PVC Electrical Conduit Market Size

The global residential PVC electrical conduit market was valued at USD 878.1 million in 2023 and is estimated to grow at a CAGR of 8.1% from 2024 to 2032. The surge in home building, remodelling activity, and choice for efficient and inexpensive materials has been fuelling the growth rate of the electrical conduit market. The use of polymer pipes in PVC conduits is gaining popularity at home because of the advantages they offer such as light weight, corrosion protection and simple repairs. The growth of the market is also supported by tougher regulations on electrical installations which emphasize on the use of non-combustible materials to minimize chances of fire caused by electric leaks..
 

The use of PVC conduits is driven by government incentives meant to guarantee safe and energy friendly electrical framework and the current trend of smart home installations. Last year, the number of smart homes built in U.S. grew by 30%, and the use of PVC conduits for electrical wiring in new residences has greatly contributed to this. The increasing awareness among consumers regarding the use of sustainable and recyclable materials fuels the growth of the market as well, since PVC is easily recyclable and eco-friendly construction practices have become the norm.
 

Residential PVC Electrical Conduit Market Trends

The growth of the residential PVC electrical conduit industry is driven by adoption of green building designs and increasing urbanization. Among the various pipes available, PVC conduits are selected over metal pipes because they are more environmentally friendly as they can be recycled. In addition, these conduits are lightweight, flexible, and cost effective making them suitable for residential renovations and new house constructions. The use of Smart home technologies has led to adoption of new housing practices resulting in greater utilization of PVC conduits because they have excellent insulation and fire safety measures.
 

In addition to that, more stringent electrical safety regulations are fuelling the demand. Smart Homes consume 15% less energy according to DOE's estimates, and having conduits can reduce energy waste in homes and other multi house buildings even more. Coupled with the increased energy efficient regulations, these facts will bolster the future demand for PVC electrical conduits.
 

Residential PVC Electrical Conduit Market Analysis

In the Asia-Pacific region, the residential PVC conduit market is expected to progress at a rapid pace and is expected to be more than USD 860 million by 2032. This is caused by swift urbanization, increased demand for housing, and growth in investments towards residential infrastructure. Since PVC conduits are inexpensive, long-lasting, and easily installed, they are preferred for major housing projects.
 

Moreover, the region’s heightened awareness toward safe electrical installations, coupled with supportive government policies aimed at encouraging the usage of sustainable materials, is additionally driving the demand. The growing adoption of smart home technologies is also responsible for the increased use of PVC conduits in residential wiring systems.

The residential PVC electrical conduit market growth is very promising strongly in the 2 ½ to 3 trade size segment which is projected to achieve greater than 7 % CAGR through 2032. Larger trade sizes are more capable of housing multiple wires which makes them useful for more complex electrical setups in larger single family homes and multi-unit residential buildings. These larger sizes provide enhanced durability and ease of installation, as well as superior moisture and corrosion resistance which are needed for dependable long term service. The demand for these sizes of PVC conduits is further fueled by increasing residential construction, adoption of newer electrical infrastructure, and proliferation of smart home systems.
 

The U.S. residential PVC electrical conduit market is anticipated to surpass USD 245 million by 2032. The key drivers are the increasing activities in home development, remodelling, and environmentally friendly construction. Cost effective, thermal and corrosion resistant PVC conduits are easy to install and maintain, making them suitable for enduring use. Their use in the construction of equipment shrouds is also becoming more common, as their insulating properties meet the high energy efficiency and electrical safety standards.
 

A report by the US Census Bureau shows that new residential construction permits rose 6.8% in March 2023 relative to the same period last year, pointing towards increased competition in the electrical market. Growing utilization of organized wiring solutions due to the increase in smart home technologies also escalates the competition. Government assistance for the use of green technology enhances the attractiveness of PVC conduits as an economical substitute to metals in residential usage.
 

Residential PVC Electrical Conduit Market Share

ABB has a considerable stake in the residential PVC electrical conduit industry and benefits from the increased demand for the material due to its cost, ease of installation, and dependable use. The reputation of the firm for outstanding work fits with the growing demand for residential constructed PVC conduits in the market. With the continued strengthening of global energy efficiency policies and safety requirements, ABB is able to maintain and strengthen its position in the marketplace with the increased demand for PVC conduits as a safe, economical, and environmentally friendly way to strengthen electrical installations in buildings.
 

Residential PVC Electrical Conduit Market Companies

Some of the key players operating across the residential PVC electrical conduit industry are:

• ABB
• Anamet Electrical
• ASTRAL
• Atkore
• Bahra Electric
• Champion Fiberglass
• CANTEX
• Electri-Flex
• Guangdong Ctube Industry
• Hubbell
• HellermannTyton
• Iplex Pipelines
• Legrand
• Schneider Electric
• Sundeep Electricals
• TOYO INDUSTRY LAO FACTORY
• Vinidex
• Wienerberger
   

Residential PVC Electrical Conduit Industry News:

• Atkore started supplying sustainability environmental product declarations for steel and PVC conduits in May 2024. The EPDs are clear and verified third party documents that show the product’s life cycle environmental impact. This step further highlights and strengthens Atkore's commitment to sustainable and responsible production and enables its customers to make eco-friendly choices. The EPDs are further testimony of Atkore's pledge to provide environmentally sustainable means and serve the escalating need for sustainable components in the construction sector.
   

This residential PVC electrical conduit market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032, for the following segments:

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Market, By Trade Size

• ½ to 1
• 1 ¼ to 2
• 2 ½ to 3
• 3 to 4
• 5 to 6
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
• Latin America
  • Brazil
  • Argentina