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PVC Electrical Conduit Market Size

Report ID: GMI8093
Published Date: Feb 2024
Report Format: PDF

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PVC Electrical Conduit Market Size

PVC Electrical Conduit Market was valued at USD 919.3 million in 2023 and is envisioned to register over 7.7% CAGR between 2024 and 2032. Increasing urbanization and industrialization worldwide are propelling the demand for efficient and durable electrical infrastructure, where PVC conduits are preferred owing to their cost-effectiveness and ease of installation.

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Stringent regulations and building codes mandating the use of non-metallic conduits in construction projects for safety and corrosion resistance further boost market demand. Moreover, the rising adoption of PVC conduits in residential, commercial, and industrial sectors for wiring applications, including power distribution and telecommunications, contributes to market expansion.

PVC Electrical Conduit Market Report Attributes
Report Attribute	Details
Base Year:	2023
PVC Electrical Conduit Market Size in 2023:	USD 919.3 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	7.7%
2032 Value Projection:	USD 1.83 Billion
Historical Data for:	2019 to 2023
No. of Pages:	265
Tables, Charts & Figures:	316
Segments covered:	Trade Size, End Use, Region
Growth Drivers:	Expansion of smart grid networks Refurbishment & retrofit of the existing grid infrastructure Rising peak load demand Expansion of micro-grid networks Increasing electricity demand Integration of a sustainable energy infrastructure
Pitfalls & Challenges:	Slow-paced technological evolution across developing regions

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of PVC electrical conduit was reached USD 919.3 million in 2023 and is estimated to grow at a CAGR of over 7.7% through 2032, driven by increasing urbanization and industrialization worldwide.

The residential segment accounted for over 32.9% revenue share in 2023 and will continue to grow through 2032, favored by construction activities.

Asia Pacific market size for PVC electrical conduit will surpass USD 850 million by 2032, owing to the ongoing technological advancements in PVC conduit manufacturing processes.

ABB, Anamet Electrical, Inc., ASTRAL Limited, Atkore, Bahra Electric, CANTEX INC., Champion Fiberglass, Inc., Electri-Flex Company, Guangdong Ctube Industry Co., Ltd., HellermannTyton, Hubbell, Iplex Pipelines and legrand.