Home > Energy & Power > Wire and Cable > Power Cable > Utility Scale Non Metal Electrical Conduit Market

Utility Scale Non Metal Electrical Conduit Market Analysis

  • Report ID: GMI11508
  • Published Date: Sep 2024
  • Report Format: PDF

Utility Scale Non Metal Electrical Conduit Market Analysis

The market for 2 ½ to 3 trade-sized utility-scale non-metal electrical conduits is expected to exceed USD 290 million by 2032. This growth is driven by several factors, including the increasing demand for robust and corrosion-resistant conduit solutions for large-scale infrastructure projects. The expansion of renewable energy installations and grid modernization efforts are key contributors, as utilities require reliable conduits to protect and manage complex cabling systems. Additionally, rising environmental regulations favoring sustainable materials are boosting the adoption of non-metal conduits. The shift towards prefabricated and modular conduit systems is also enhancing installation efficiency, further driving market growth.
 

Utility Scale Non Metal Electrical Conduit Market Share, By Configuration, 2023

The utility-scale non metal electrical conduit market for PVC configurations is projected to grow at a CAGR of over 5% through by 2032, driven by the increasing use of PVC conduits due to their durability, cost-effectiveness, and resistance to corrosion, making them ideal for large-scale infrastructure projects. The expansion of renewable energy installations, such as solar and wind farms, and the modernization of electrical grids are key factors fueling demand. Additionally, PVC's lightweight and easy installation characteristics are enhancing its appeal for utility-scale applications. The growing emphasis on sustainable and environmentally friendly materials further supports the rising adoption of PVC conduits in the market.
 

Asia Pacific Utility Scale Non Metal Electrical Conduit Market, 2022 – 2032 (USD Million)

The Asia-Pacific utility-scale non-metal electrical conduit market is projected to exceed USD 520 million by 2032, driven by rapid urbanization, infrastructure development, and renewable energy expansion. The market growth is further supported by investments in grid modernization, adoption of sustainable materials, and demand for durable conduits in harsh environments. Enhanced construction practices and technological advancements in conduit systems also contribute to this upward trend.
 

Notably, China's National Energy Administration reported that the country added 87.41 GW of solar power capacity in 2022, highlighting the significant potential for non-metal electrical conduits in renewable energy projects across the region. This surge in renewable energy installations underscores the increasing demand for efficient and reliable conduit solutions in the Asia-Pacific market.
 

The U.S. utility-scale non-metal electrical conduit market is driven by infrastructure expansion, increasing investments in renewable energy projects, and grid modernization efforts. The demand for corrosion-resistant and durable conduits is rising due to their suitability for large-scale installations. Additionally, regulatory shifts favoring sustainable materials and advances in conduit technology further support market growth.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of utility scale non-metal electrical conduit was worth over USD 667.3 million in 2023 and is projected to grow at a 5.4% CAGR from 2024 to 2032, due to increasing demand for resilient and sustainable power transmission infrastructure.

The 2 ½ to 3 trade-sized segment in the utility scale non-metal electrical conduits market is expected to exceed USD 290 million by 2032, driven by increasing demand for robust and corrosion-resistant conduit solutions for large-scale infrastructure projects.

Asia Pacific utility-scale non-metal electrical conduit market is projected to exceed USD 520 million by 2032, driven by rapid urbanization, infrastructure development, and renewable energy expansion.

ABB, Anamet Electrical, ASTRAL, Atkore, CANTEX, Champion Fiberglass, Electri-Flex Company, Guangdong Ctube Industry, HellermannTyton, and Hubbell

Utility Scale Non Metal Electrical Conduit Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 10
  • Countries covered: 22
  • Pages: 60
 Download Free Sample