Industrial Non Metal Electrical Conduit Market Size - By Trade Size (½ to 1, 1 ¼ to 2, 2 ½ to 3, 3 to 4, 5 to 6), By Configuration (PVC, Reinforced Thermosetting Resin (RTRC/FRE), Rigid Non-Metallic (RNC), Electrical Non-Metallic Tubing (ENT)) & Forecast, 2024 - 2032
Report ID: GMI11201
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Published Date: September 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 13
Tables & Figures: 10
Countries covered: 19
Pages: 100
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Industrial Non Metal Electrical Conduit Market
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Industrial Non Metal Electrical Conduit Market Size
The industrial non-metal electrical conduit market was valued at USD 800 million in 2023, is projected to expand at a robust CAGR of 8.3% from 2024 to 2032, experiencing a notable upswing. Sectors such as manufacturing, energy, and telecommunications are increasingly seeking electrical conduits that are cost-effective and lightweight, further propelling the expansion of this market. Non-metal electrical conduits are becoming more appealing as renewable energy projects expand by 15% every year, according to the U.S. Department of Energy. These conduits are easily installed and do not corrode making them popular in the industry.
Additionally, due to the changing safety requirements in industries, a shift towards non-metal conduits that are more environmentally protective is evident. Non-metal electrical conduits have practically become the bare minimum requirements for modern industrial electrical networks as investment in industrial automation increases along with the modernization of electrical infrastructures.
Industrial Non Metal Electrical Conduit Market Trends
The non-metal industrial electric conduit industry is experiencing significant shifts because of advances in technology and market competition. Some of the key trends include the increased penetration of flexible and rigid non-metal conduits owing to their lower weight, ease of installation, and non-corrosive properties as compared to metal conduits. In addition, sustainability has become a top concern with industries requiring ecofriendly materials and conduits that satisfy strict environmental standards.
Furthermore, the expansion of smart factories, industrial automation, and renewable energy initiatives are increasing the use of non-metal conduits due to the increased safety and protection offered for complex electrical systems. The continuous progress being made in material science is also contributing to the invention of new and more affordable non-metal conduits that are suited for different industrial uses.
Industrial Non Metal Electrical Conduit Market Analysis
The market for non-metal industrial electrical conduits of 2 ½ to 3 trade sizes is set to increase and surpass USD 400 million by 2032. This development stems from the increasing requirement in numerous sectors like manufacturing, energy, and telecommunications, where durable and corrosion resistant conduit solutions are a necessity.
The growth of industrial automation and smart infrastructure is, therefore, expanding the consumption of these trade sizes, which adequately safeguard intricate electrical systems. At the same time, greater safety standards and increased emphasis on sustainable conduits is compelling industries to shift towards non-metal conduits which further stimulate growth due to its environmental benefits and ease of installation.
The industrial non-metal electrical conduit market from PVC configurations is projected to grow by over 8% CAGR by 2032. This growth is motivated by withstanding corrosion and chemical exposure, increasing PVC conduit use. Moreover, construction, manufacturing, and energy industries are adopting PVC conduits at an increasing rate because of durability in harsh environments and ease of installation. There is an increase in need for energy and eco-friendly materials which is propelling the demand for PVC conduits due to reliable solution for industrial electrical wiring protection.
By the year 2032, the Asia-Pacific industrial non-metal electrical conduit market is expected to cross USD 700 million. The velocities of industrialization in key countries such as China, India, and Japan are blazing along with massive infrastructure spending and an increasing energy industry. To illustrate, there was a 7.5% rise in infrastructure spending in China according to the Ministry of Commerce of the People’s Republic of China.
As industries modernize their electrical appliances, requirements increase for the availability of corrosion-resistant, lightweight, and inexpensive conduits. Additionally, the regions adoption of renewable energy initiatives and smart cities are expanding the market growth for non metal conduits. Policies advocating the use of sustainable materials, along with high safety regulations make the market grow even more.
The U.S. industrial non-metal electrical conduit market is increasing because of upgrades to aging electrical infrastructure, the introduction of smart manufacturing, and automation. Corrosion-resistant and lightweight conduits are in high demand because of clean energy initiatives and energy efficient systems. Increased safety and environmental regulations are also good for business, while expansion in communication and construction remains strong all over the country continues to advance the economy.
Industrial Non Metal Electrical Conduit Market Share
Atkore has a strong position in the non-metal electrical conduit industry of the industry with the company's wide range of products and their presence in important markets. The company’s investment towards creating new products and the rising request for conduits that are strong, lightweight, and resist corrosion has caused the company to emerge as a leader in developments that serve the expanding projects for smart infrastructure and renewable energy.
Industrial Non Metal Electrical Conduit Market Companies
Some of the key market players operating across the industrial non metal electrical conduit industry are:
Industrial Non Metal Electrical Conduit Industry News:
Industrial 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
Market, By Configuration
The above information has been provided for the following regions and countries: