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Utility Scale Non Metal Electrical Conduit Market Trends

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

Utility Scale Non Metal Electrical Conduit Market Trends

The utility-scale non-metal electrical conduit industry is driven by technological advancements and material innovations. High-strength composite materials, such as advanced fiberglass-reinforced plastics, are increasingly adopted for their superior durability in extreme weather conditions. Utilities are implementing prefabricated and modular conduit systems to reduce installation time and costs in large infrastructure projects. The expansion of smart grids and digital substations is fueling demand for non-metal conduits that accommodate complex wiring needs.
 

There is a growing emphasis on recyclable and eco-friendly materials, aligning with global sustainability goals. The U.S. Department of Energy reports that in 2021, renewable energy sources accounted for about 20% of utility-scale electricity generation, highlighting the increasing need for non-metal conduits in long-distance underground cable installations for renewable energy projects. These conduits provide enhanced protection and reliability for the expanding renewable energy infrastructure.

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

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Premium Report Details

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