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Residential PVC Electrical Conduit Market Size
- Report ID: GMI12060
- Published Date: Oct 2024
- Report Format: PDF
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, due to increased home construction, renovation projects, and preference for durable, cost-effective materials. PVC conduits offer benefits including corrosion resistance, lightweight handling, and easy installation, making them popular in residential settings. Market growth is further propelled by stringent electrical safety standards prioritizing non-conductive materials to reduce fire risks.
Government incentives promoting safe and energy-efficient electrical infrastructure, coupled with smart home installation trends, are driving PVC conduit adoption. The U.S. Department of Energy recently reported a 30% increase in smart home installations incorporating PVC conduits for electrical wiring in new residential constructions over the past year. Rising consumer demand for sustainable and recyclable materials also supports market growth, as PVC is often recyclable, aligning with eco-conscious building practices.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Residential PVC Electrical Conduit Market Size in 2023: | USD 878.1 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 8.1% |
| 2024 – 2032 Value Projection: | USD 1.8 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 70 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Trade Size |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Residential PVC Electrical Conduit Market Scope
