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PVC Electrical Conduit Market Trends

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

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PVC Electrical Conduit Market Trends

The PVC electrical conduit industry is set to observe substantial expansion on account of the increasing demand for efficient and durable electrical infrastructure in urban and industrial settings. The stringent regulations and building codes mandating non-metallic conduits for safety and corrosion resistance contribute to market growth. The rise in residential, commercial, and industrial construction projects, coupled with the expansion of the renewable energy sector, further fuels the demand for PVC conduits. Furthermore, technological advancements, including the development of fire-resistant and environmentally friendly PVC materials, are shaping the market landscape.

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.