Utility Scale Flexible Electrical Conduit Market Trends

Utility Scale Flexible Electrical Conduit Market Trends

The flexible electrical conduit industry for utility scale is growing with the increase in infrastructure development in renewable energy such as solar and wind power. The International Energy Agency Renewables 2022 report claims that between 2022 and 2027, the worldwide renewable power capacity is estimated to increase by 2400 GW, which is equivalent to the entire power capacity of China as of today. This strengthens the need for flexible electrical conduits, because these will be necessary in complex cabling systems. The market is moving to light weight, non-corrosive, and non-combustible materials, particularly for conduits made from non-metallics with conduits for severe conditions.
 

The market growth is underscored by improvements in technology related to the production of conduits, which make them more flexible and durable. Stringent electrical safety regulations and energy efficiency standards have also contributed to innovation and use of flexible conduits in wider utility scale applications.