The key players operating in the Non-Metal Electrical Conduit Market are lectrical Conduit Industry Analysis , Non-Metal Electrical Conduit Market size was valued at around USD 3 billion in 2022 and is estimated to register at a CAGR of over 8.1% between 2023 and 2032. The electrical conduit industry is experiencing significant growth due to increasing concerns regarding electrical supply problems, fire hazards, health risks, and operational safety. Developing economies are actively investing in the improvement of their electrical infrastructure and upgrading existing grid networks, creating a favorable business environment. Moreover, companies in the industry are continuously enhancing their product offerings and engaging in mergers and acquisitions to strengthen their market presence, leading to a promising outlook for the electrical conduit industry. , Non-metal electrical conduits are types of conduits used for the installation and protection of electrical wiring. Unlike traditional metal conduits, non-metal conduits are made from materials that are non-conductive and do not have metal components. These units are gaining a higher recognition owing to its numerous advantages over other alternatives. Non-metal conduits, such as PVC or HDPE, are non-conductive materials. Unlike metal conduits, they do not conduct electricity, which reduces the risk of electrical shocks and short circuits. This makes non-metal conduits safer for installations where electrical insulation is crucial. Moreover, these units are highly resistant to corrosion. They are not susceptible to rust, oxidation, or chemical degradation, making them ideal for installations in corrosive environments, outdoor settings, or areas with high moisture content, which complement its adoption. Furthermore, non-metal conduits are generally lighter in weight compared to metal conduits, making them easier to handle and install. They are also more flexible, allowing for easier bending and maneuvering around obstacles during installation, especially in confined spaces. , Non-Metal Electrical Conduit Market Report Coverage , Base Year: 2022 , Market Size in 2022: USD 3.1 Billion , Forecast Period: 2023 to 2032 , Forecast Period 2023 to 2032 CAGR: 8.1% , 2032 Value Projection: USD 6.9 Billion , Historical Data for: 2019 to 2022 , No. of Pages: 320 , Tables, Charts & Figures: 411 , Segments covered: Trade Size, Classification, End Use , 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 , For example, in high moisture-prone locations, cast resin dry-type transformers (CRT) are adopted. This is because its main and secondary coils are enclosed in epoxy resin. This coating prevents moisture from penetrating and damaging the winding substance. This cast resin enclosure offers complete protection, allowing the transformer to operate without interruption in high moisture-prone locations. As a result, this transformer is nonhygroscopic. This transformer is manufactured in ratings ranging from 25 KVA to 12,500 KVA and has an insulating class of 90oC temperature. This transformer offers certain distinct benefits. They are as follows: • Increased overload capacity. , • Minimal partial discharge as well as low loss. As a result, efficiency is quite high. • As with non-inflammable coil insulation, it poses no risk of fire. As a result, it is appropriate for interior installation. , • Can be installed outside in an IP 45 casing. , PITFALLS & CHALLENGES: , Slow-paced technological evolution across developing regions , Epoxy resin has inferior heat dissipation capability as contrasted to oil-immersed transformers. It is not as excellent as the oil radiator's heat dissipation efficiency, but its thermal conductivity is higher. A dry-type transformer's temperature monitoring is dependent on an intelligent temperature sensor implanted in the transformer structure, and its reading point is static, so the temperature acquired is the temperature of a specified spot. Because of the possibility of local heat accumulation, the temperature displayed by the screen is not the actual average temperature. The oil-immersed transformer's insulation fluid is less viscous, and heat flow is rather uniform. The temperature represented on the monitor is the average temperature. In comparison to the hardware compatibility and reusability of oil-immersed transformer insulation oil performance, the dry-type transformer covering is an epoxy resin integrated molding structure, with permanent performance degradation and aging and fault accumulation. This means, that if the transformer fails, it will be discarded as a whole. A dry-type transformer's production process is difficult, and the final cost is more than that of an oil-immersed transformer. Finally, when the oil-immersed transformer has been discarded, it may be dismantled and recycled into its original elements. However, the dry-type transformer waste apparatus has low recovery ability, and epoxy resin castings dry-type transformer cannot be salvaged at that moment. , COVID-19 Impact , The non-metal electrical conduit market has been significantly impacted by the COVID-19 pandemic. Supply chains across the globe have been disrupted, leading to shortages and delays in the manufacturing and delivery of conduit materials and associated components. The construction industry, which is a primary consumer of these units, has been heavily affected by the pandemic. Social distancing requirements, lockdown measures, and financial uncertainties have resulted in cancellations, project delays, and shifting priorities, consequently, declining the demand for non-metal electrical conduit products. , With ongoing efforts to resume non-essential activities and the successful rollout of effective vaccines to contain the virus, the non-metal electrical conduit market is expected to witness a recovery. Furthermore, the increasing demand for electricity in residential sectors has created a heightened requirement for efficient wiring and cables, thereby stimulating the growth of the electrical conduit market in the foreseeable future. , Non-Metal Electrical Conduit Market Trends , The non-metal electrical conduits industry is influenced by several notable trends that are shaping its growth and development. Rising adoption of PVC conduits is driving the market growth. These are widely adopted in the non-metal electrical conduits market due to their cost-effectiveness, ease of installation, and resistance to corrosion. The demand for PVC conduits is expected to continue to rise, driven by their advantages in residential, commercial, and industrial applications. There is an increasing focus on sustainability and environmental consciousness in the construction industry. , As a result, non-metal electrical conduits made from recycled or environmentally friendly materials are gaining traction. This trend aligns with the broader industry movement toward green building practices. In addition, fire safety is a critical consideration in electrical installations which is promoting the use of effective protection equipment including electrical conduits. Non-metal electrical conduits with flame-retardant properties are in high demand to enhance safety measures. Manufacturers are developing conduits with enhanced fire resistance and self-extinguishing capabilities to meet stringent safety requirements. , Non-Metal Electrical Conduit Trade Size Segmentation , The non-metal electrical conduits are available in various trade sizes including 1 ¼ to 2, ½ to 1, 2 ½ to 3, 5 to 6, 3 to 4, and others. The adoption of 2 ½ to 3 is rapidly increasing and is further anticipated to grow at a CAGR of over 7% through 2032. The increasing commercial expansion and refurbishment of small-scale industrial platforms in developing economies have played a crucial role in driving the demand for medium trade size conduits. These conduits are necessary for the installation and protection of electrical wiring in commercial buildings and industrial facilities. As these economies experience growth and modernization, there is a need to upgrade and expand existing infrastructure, which includes electrical distribution systems. This has resulted in a higher demand for medium trade size conduits to accommodate the growing electrical needs of these facilities. , Additionally, the migration of people to suburban areas has further complemented the growth in development of residential complexes and large multi-storey apartments. These developments require efficient electrical distribution networks to supply power to numerous units within the buildings. Medium trade size conduits are used in these applications to establish primary and secondary electric distribution networks, ensuring reliable power supply to residents. The construction of these residential complexes has created a significant demand for medium trade size conduits, further fueling the non-metal electrical conduit market demand. , Non-Metal Electrical Conduit Classification Segmentation , The non-metal electrical conduit market are available in a range of materials including PVC, Reinforced Thermosetting Resin (RTRC/FRE), Rigid Non-Metallic (RNC), and Electrical Non-Metallic Tubing (ENT). Polyvinyl Chloride (PVC) electrical conduits obtain the largest share in 2022 with over 75% of market deriving from the technology. These units are generally more affordable compared to other types of conduits, such as metal conduits. The lower cost of PVC conduits makes them a cost-effective choice for electrical installations, especially in large-scale projects or where budget constraints exist. PVC conduits are lightweight, making them easy to transport, handle, and install. The lightweight nature of PVC conduits simplifies the installation process, reduces labor requirements, and allows for faster completion of electrical projects. Furthermore, PVC is a non-conductive material, meaning it does not conduct electricity. PVC conduits provide excellent electrical insulation, reducing the risk of electrical shocks or short circuits. They offer a reliable and safe solution for routing electrical wiring and cables, thus augmenting its adoption across a wide range of applications. , Non-Metal Electrical Conduit End Use Segmentation , The non-metal electrical conduits find applications in various sectors, including industries, residential buildings, commercial establishments, and utilities. Among these sectors, the residential sector dominated the market in 2022, with a market value exceeding USD 1 billion. It is projected to surpass USD 2.4 billion by 2032. The continuous growth in residential construction activities has created a favorable environment for the non-metal electrical conduit industry. Residential properties prefer non-metal electrical conduits due to their ease of installation, easy adaptability for various wiring configurations, and their ability to navigate across tight spaces. , The residential sector is augmentatively focused on sustainable practices and energy efficiency, which involve the adoption of energy-efficient lighting, smart home systems, and renewable energy technologies. The integration of these technologies will drive the demand for effective and safe wiring systems in buildings, thus propelling the growth of the non-metal electrical conduit market. Additionally, the residential sector places great emphasis on safety standards and compliance with electrical codes. Non-metal electrical conduit systems provide an additional layer of protection for wiring, reducing the risks associated with electrical faults, fire hazards, and accidents. This ensures that homeowners are in compliance with safety requirements and building codes. , Non-Metal Electrical Conduit Regional Analysis , Asia Pacific non-metal electrical conduit market is projected to experience a CAGR of over 8.5% through 2032. This growth is driven by ongoing industrialization and commercialization in countries such as China, India, Japan, and others. These countries are heavily investing in infrastructure development projects, including transportation, energy, and telecommunications, which require extensive wiring and cabling, thereby boosting the demand for electrical conduits. The Asia Pacific region is renowned for its thriving manufacturing and industrial sectors. These sectors necessitate robust electrical infrastructure for efficient power distribution and machinery installations. Non-metal electrical conduit systems offer the necessary flexibility and protection required in these dynamic industrial environments, driving their demand in the region. , Furthermore, countries in the region are actively investing in renewable energy projects to reduce carbon emissions and meet emission targets. The installation of electrical conduits is essential for transmitting electricity from renewable sources to the grid or end-users. The growing emphasis on renewable energy contributes to the increased demand for non-metal electrical conduit systems. Governments across the Asia Pacific region are implementing favorable regulations and schemes to boost infrastructure development, ensuring safety standards for electrical equipment. These initiatives include the implementation of building codes mandating the exploitation of high-grade conduit systems. As a result, the demand for such products is expected to rise across the region in the coming years. , Non-Metal Electrical Conduit Industry Leaders , In the non-metal electrical conduit market, key players are strategically focusing on the development of advanced conduit units that offer highly reliable electrical infrastructure solutions. These companies are prioritizing innovation to meet the evolving needs of customers and the industry. Additionally, they are actively engaging in collaborations and securing supply contracts with wire and cable manufacturers as well as raw material suppliers. These strategic partnerships aim to enhance their competitive position in the market and ensure a robust supply chain to meet customer demands. Major participants in the non-metal electrical conduit industry include Wienerberger AG, HellermannTyton, ABB, Atkore, Anamet Electrical, Inc., legrand, Hubbell, Champion Fiberglass, Inc., Schneider Electric, Electri-Flex Company, CANTEX INC., Astral Limited, and Guangdong Ctube Industry Co., Ltd. , Non-Metal Electrical Conduit Industry News: , In May 2023, ABB has recently opened a cutting-edge distribution center in Pennsylvania, U.S., representing an investment of USD 4 million. This state-of-the-art facility is specifically designed to cater to the electrical needs of the Northeast region of the country. With a substantial inventory valued at USD 15 million, the center is well-equipped to meet the growing demand for dependable electrical products. By establishing this distribution center, ABB aims to enhance its market presence in the Northeast region and effectively address customer requirements, leading to an expanded customer base. , In November 2022, Atkore recently finalized the acquisition of assets from Elite Polymer Solutions, a renowned manufacturer of High Density Polyethylene (HDPE) conduits, for a purchase price of USD 91.6 million. This strategic acquisition by Atkore is set to strengthen their HDPE product portfolio, further solidifying their position in the market. Moreover, the acquisition will enable Atkore to broaden their national footprint and unlock new prospects for their products in industries such as utility, telecommunication, and transportation. This move aligns with Atkore's growth strategy and enhances their ability to serve a wider range of customers and applications. , Non-metal electrical conduit market research report includes an in-depth coverage of the industry with estimates & forecast in terms of USD Million from 2019 to 2032, for the following segments: , KEY MARKET SEGMENTS , By Trade Size , ½ to 1 , 1 ¼ to 2 , 2 ½ to 3 , 3 to 4 , 5 to 6 , Others , By Classification , Polyvinyl Chloride (PVC) , Reinforced Thermosetting Resin (RTRC/FRE) , Rigid Non-Metallic (RNC) , Electrical Non-Metallic Tubing (ENT) , By End Use , Residential , Commercial , Industrial , Utility , The above information has been provided for the following regions and countries: , North America , U.S. , Canada , Mexico , Europe , France , Germany , Italy , UK , Russia , Asia Pacific , China , India , Japan , South Korea , Australia , Middle East & Africa , Saudi Arabia , UAE , Qatar , South Africa , Latin America , Brazil , Argentina.
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