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Utility Scale Flexible Electrical Conduit Market Trends

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

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Utility Scale Flexible Electrical Conduit Market Trends

The utility-scale flexible electrical conduit industry is expanding due to increasing renewable energy infrastructure demand, particularly for wind and solar projects. According to the International Energy Agency's Renewables 2022 report, global renewable power capacity is expected to grow by 2,400 GW between 2022 and 2027, equivalent to the entire power capacity of China today. This growth drives the need for flexible electrical conduits in complex cabling systems. The market is shifting towards lightweight, corrosion-resistant, and fire-retardant materials, especially non-metallic conduits for harsh environments.

Technological advancements in conduit manufacturing, improving flexibility and durability, contribute to market growth. Stringent electrical safety and energy efficiency regulations further promote innovation and adoption of flexible conduits in utility-scale applications.

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.