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Utility Scale Flexible Electrical Conduit Market Size

Report ID: GMI11967
Published Date: Oct 2024
Report Format: PDF

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Utility Scale Flexible Electrical Conduit Market Size

The global utility scale flexible electrical conduit market was valued at USD 362.6 million in 2023 and is estimated to grow at a CAGR of 8.7% from 2024 to 2032, owing to increased investments in renewable energy projects, rising demand for energy-efficient infrastructure, and utility grid expansion. The shift towards sustainable energy, particularly solar and wind power, necessitates durable and adaptable flexible conduits. The U.S. Energy Information Administration reports that renewable energy sources accounted for about 20% of U.S. electricity generation in 2021, highlighting the sector's growth.

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Smart grid technologies and electric vehicle charging infrastructure development further drive market expansion. Regulatory requirements for electrical safety and aging power infrastructure modernization also contribute to demand. Flexible conduits are preferred in large-scale electrical distribution projects for their ability to protect wiring from physical damage, moisture, and corrosion in utility-scale installations.

Utility Scale Flexible Electrical Conduit Market Report Attributes
Report Attribute	Details
Base Year:	2023
Utility Scale Flexible Electrical Conduit Market Size in 2023:	USD 362.6 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	8.7%
2032 Value Projection:	USD 785 Million
Historical Data for:	2021 to 2023
No. of Pages:	80
Tables, Charts & Figures:	20
Segments covered:	Trade Size, Configuration
Growth Drivers:	Expansion of smart grid networks Refurbishment & retrofit of the existing grid infrastructure Rising peak load demand Increasing electricity demand
Pitfalls & Challenges:	Slow paced technological evolution across the developing regions

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for utility-scale flexible electrical conduit was reached USD 362.6 million in 2023 and is estimated to grow at a CAGR of 8.7% from 2024 to 2032, driven by increased investments in renewable energy projects.

Flexible electrical conduits in the 2 ½ to 3 trade size categories is expected to surpass USD 190 million by 2032, propelled by increasing investments in utility infrastructure modernization.

The flexible metallic conduit (FMC) market is projected to grow at a CAGR of over 7.5% through 2032, as exceptional durability and resistance to extreme temperatures.

The U.S. utility-scale flexible electrical conduit market is set to exceed USD 90 million by 2032, led by infrastructure modernization, renewable energy integration, and regulatory support.

Major key players in the industry include Anamet Electrical, ABB, Atkore, Afi Elektromekanik, Bahra Electric, Delikon Electric Flexible Conduit, Dongguan FlexGlory Machinery Accessories, Eddy Group, Electri-Flex Company, HellermannTyton, Kaiphone Technology, Southwire Company, Shanghai Weyer Electric, United Power, and Whitehouse Flexible Tubing.