Utility Scale Non Metal Electrical Conduit Market Size - By Trade Size, By Configuration & Forecast, 2024 - 2032

Utility Scale Non Metal Electrical Conduit Market Size

The global utility scale non-metal electrical conduit market size was valued at USD 667.3 million in 2023 and is projected to grow at a CAGR of 5.4% from 2024 to 2032. The market is growing significantly caused by the increasing demand for effective and sustainable power transmission infrastructure. Utilities are starting to utilize PVC and fiberglass conduits because of their corrosion resistance qualities and lower costs, especially in renewable energy projects. Modernization of electricity grids, particularly in the developing region, is accelerating the expansion of the market.
 

Environmental laws and the need for PVC or fiberglass conduits that can withstand harsh conditions also aid in augmenting the demand within the industry. This shows the scale of the efforts made within the US concerning the modernization of the grid. According to the report of the US Department of Energy, more than USD 28 billion were directed towards the enhancement of transmission infrastructure in 2021. This supportive investment trend seeks rapid growth in the use of non metal conduits for utility scale applications. Safety issues including fire resistance and low electrical faults are also enhancing the use of non metallic electrical conduits in utility scale installations across the globe.

Utility Scale Non Metal Electrical Conduit Market Trends

The demand for non-metal electric conduits for utilities is continuously growing due to technological development and new material inventions. Moreover, advanced weather resistant fiberglass composites are being embraced in a broad spectrum. There has been a strong demand shift towards prefabricated and modular non-metal electric conduits due to drastic reductions in both installation time and costs during substantial utility projects infrastructural integration. The construction of smart grids and digital substations has increased the non-metal electric conduits utility scale non metal electrical conduit market growth.
 

A wider focus on sustainable recyclable materials is in tandem with global eco friendly objectives. For example, the US Department of energy indicates that sources like wind and solar energy sources contributed to nearly 20% of electrical generation from utilities scale plants in 2021. This reveals the mounting requirement of non-metal conduits towards the renewable energy ventures, especially in long distance underground cable installations. With the expansion of renewable energy infrastructure, these conduits ensure utmost security and reliability.
 

Utility Scale Non Metal Electrical Conduit Market Analysis

The market for 2 ½ to 3 trade-sized utility scale non-metal electrical conduits is anticipated to exceed USD 290 million by 2032. This growth is powered by a number of factors including the construction of large infrastructure projects that require heavy and corrosion proof materials. The expansion of renewable energy installations and grid modernizations are key contributors because utilities need corrosion free conduits to protect and manage the complex networks of cables. Furthermore, strengthening environmental regulations that encourage the usage of sustainable materials are accelerating the adoption of non-metal conduits. The traditional procurement and installation methods have also shifted towards prefabricated and modular platforms which has boosted growth in the market.
 

The utility-scale non-metal electrical conduit market for PVC configurations is expecting to grow at a CAGR of over 5% between 2024 and 2032. Increasing usage of PVC conduits is expected owing to the significant benefit these pipes provide in long-term investment cost, construction durability, and cost-benefit in large infrastructure projects as they do not corrode, are lightweight and cost-effective. Furthermore, the demand is also being driven by the growing investment in renewable energy power plants, including solar and wind farms, as well as upgrading electricity grids. The ease of installation along with the lightweight nature of PVC is making it more suitable for utility scale projects. The heightened concern for the environment and investment in sustainable materials is increasing the use of PVC conduits in the market.
 

The Asia-Pacific utility scale non-metal electrical conduit market will surpass USD 520 million by 2032, owing to urbanization, infrastructural growth, and the shift to renewable energy. Investment in the modernization of the grid and the integration of durable conduits in extreme conditions complements the market growth, leading to the adoption of more sustainable materials. The construction practices also positively influence the market growth. As per the Chinese National Energy Administration, this country constructed 87.41 GW of solar power capacity during 2022 which signals the significant requirement for non-metallic electrical conduits in passive renewable energy projects across this region.
 

The non-metallic electrical conduit for utility scale projects has a market in the U.S., which is fueled by the expansion of infrastructure, growing investments in renewable energy projects, and plans to upgrade the grid. The need for highly durable conduits which can withstand corrosion is increasing as these conduits are suitable for large installations. Furthermore, changes in regulation that favors eco-friendly materials as well as further technology improvements for conduits facilitates market growth.
 

Utility Scale Non Metal Electrical Conduit Market Share

Atkore holds a significant portion of the utility scale non metal electrical conduit market due to the size of its product range and innovation in the electrical conduits. The emphasis on product strength, durability, anti-corrosion, industry regulations, and the large distribution network mitigated by customer orientation has helped it grow as a key player in the market.
 

Utility Scale Non Metal Electrical Conduit Market Companies

Some of the key players operating across the utility scale non metal electrical conduit industry are:

• ABB
• Anamet Electrical
• ASTRAL
• Atkore
• CANTEX
• Champion Fiberglass
• Electri-Flex Company
• Guangdong Ctube Industry
• HellermannTyton
• Hubbell
• Legrand
• Schneider Electric
• Wienerberger
   

Utility Scale Non Metal Electrical Conduit Industry News

• In November 2022 Atkore enhanced its competitive scope by purchasing Elite Polymer Solutions' assets worth USD 91.6 million. Apart from adding Elite’s expertise in the firm, this acquisition improves Atkore’s portfolio of HDPE products and strengthens its position across the globe. The step enables Atkore to make new contacts in the utility, telecommunication, and transport industries. Thus, this acquisition is ideal and beneficial since it adds more customers to Atkore and a wider range of areas to operate in. Atkore's performance on the market and the diversity of available solutions will increase thanks to the assets of Elite Polymer Solutions.
   

This utility scale non metal 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

Market, By Configuration

• PVC
• Reinforced Thermosetting Resin (RTRC/FRE)
• Rigid Non-Metallic (RNC)
• Electrical Non-Metallic Tubing (ENT)

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