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Utility Scale Non Metal Electrical Conduit Market Size
- Report ID: GMI11508
- Published Date: Sep 2024
- Report Format: PDF
Utility Scale Non Metal Electrical Conduit Market Size
The global utility scale non-metal electrical conduit market was valued at USD 667.3 million in 2023 and is projected to grow at a CAGR of 5.4% from 2024 to 2032, due to increasing demand for resilient and sustainable power transmission infrastructure. Utilities are adopting PVC and fiberglass conduits for their corrosion resistance and ease of installation, particularly in renewable energy projects. Grid modernization investments, especially in developing regions, are fueling market growth.
Environmental regulations and the need for durable conduits in harsh environments further drive demand. The U.S. Department of Energy reports that over USD 28 billion was invested in transmission infrastructure improvements in 2021, highlighting the scale of grid modernization efforts. This investment trend supports the growing adoption of non-metal conduits in utility-scale applications. Safety considerations, including fire resistance and electrical fault minimization, are also promoting the use of non-metal electrical conduits in utility-scale installations globally.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Utility Scale Non Metal Electrical Conduit Market Size in 2023: | USD 667.3 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.4% |
| 2032 Value Projection: | USD 1.1 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 60 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Trade Size, Configuration |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Utility Scale Non Metal Electrical Conduit Market Scope
