U.S. HDPE Conduit Market Size Worth $1.7 Billion by 2027 | CAGR: 5.7%: AMR
Allied Market Research
6 min read
Allied Market Research
The U.S. HDPE conduit market is driven by an increase in demand from telecommunication sector. The need for HDPE conduits is being driven by the telecommunications sector's rapid expansion, which is being fueled by rise in internet adoption, a need for high-speed data transmission, and the introduction of 5G networks. The telecommunications industry relies heavily on HDPE conduit because it protects cables, makes it easier to place cables underground and above ground, supports fiber optic networks, and makes it possible to expand and modify existing systems in the future. It is a favored option for many different telecommunication applications due to its robustness, resistance to environmental variables, and versatility.
Wilmington, Delaware, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “U.S. HDPE Conduit MarketbyEnduse Industry(Telecommunications, Electric Cable, Utility, Renewables, and Others): U.S. Opportunity Analysis and Industry Forecast, 2023-2027". According to the report, the U.S. HDPE conduit market attained $ 1.2 billion in 2022 and is projected to reach $ 1.6 billion by 2027, growing at a CAGR of 5.7% from 2023 to 2027.
The U.S. HDPE conduit market is driven by robust demand from renewable energy sector. The installation of electrical cables for power transmission is necessary for the expansion of renewable energy projects such as wind farms and solar power plants. HDPE conduits are used in these applications due to their resistance to external elements such as UV radiation and moisture. The market for HDPE conduit has expanded due to a rise in focus on renewable energy in the U.S.
According to the Energy Information Administration (EIA), utility-scale solar capacity has been growing rapidly in the U.S. since 2010, and solar is anticipated to make up more than half of all new power producing capacity in 2023. In solar power projects, HDPE conduit is used to protect and route cables. It offers the electrical wires connecting solar panels, inverters, and other parts of a solar power system a sturdy and weatherproof enclosure. The cables are better protected by HDPE conduit from physical harm, moisture, and UV rays.
Cables in wind turbines and along transmission lines are protected and organized using HDPE conduit in wind energy installations. It assists in directing cables from wind turbine generators to the main gathering point or substation. The challenging settings of wind farms are an excellent match for HDPE conduit due to its robustness and tolerance to inclement weather. In addition, geothermal power plants use the natural heat source of the earth to produce electricity. In these projects, HDPE conduit is used to encase and safeguard the electrical wires connecting the multiple components of power plant, including geothermal wells, heat exchangers, and power producing units.
Furthermore, HDPE conduit may be used in biomass and bioenergy projects where organic materials are used to generate heat or power. In places such as biomass power plants, anaerobic digesters, and biofuel manufacturing plants, it helps with the protection and routing of electrical lines. The market is expected to expand significantly during the forecast period owing to these excellent applications of HDPE conduit in renewable energy sector. However, availability of substitutes turn may restrain the growth of the U.S. HDPE conduit market.
Report Coverage & Details:
Report Coverage
Details
Forecast Period
2023–2027
Base Year
2022
Market Size in 2022
$1.2 billion
Market Size in 2032
$1.6 billion
CAGR
5.7%
No. of Pages in Report
171
Segments covered
End Use Industry
Drivers
Surge use of HDPE conduit in the telecommunication sector
Lucrative use of HDPE conduit in renewable energy
Rise in infrastructural development
Opportunities
Growth in demand for underground cable installations
Increase awareness regarding sustainable and eco-friendly solutions
Restraints
Availability of substitutes
Fluctuations in the prices of raw materials
Covid-19 Scenario
The COVID-19 pandemic primarily had negative effects on various industries, including construction and infrastructure, there are a few potential positive impacts it had on the U.S. HDPE conduit market.
Increased demand for telecommunications infrastructure: The pandemic led to a significant increase in remote work, online learning, and virtual communication. As a result, there was a surge in demand for robust and reliable telecommunications infrastructure, including fiber optic networks. HDPE conduits are commonly used to protect and house fiber optic cables, making them essential components of expanding telecommunication networks.
Emphasis on infrastructure investment: Governments around the world, including the U.S., have focused on infrastructure investment to stimulate economic recovery. Infrastructure spending helps create jobs and drives economic growth. As a result, there has been an increased focus on infrastructure projects such as broadband expansion, renewable energy installations, and utility upgrades, all of which require HDPE conduits.
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The telecommunications segment to maintain its lead position during the forecast period.
Based on the end use industry, the telecommunications segment accounted for the largest share in 2022, contributing to more than one-third of the U.S. HDPE conduit market revenue. The use of HDPE (High-Density Polyethylene) conduit in the telecommunications sector is driven by several key drivers such as the rollout of 5G technology is a significant growth factor for the HDPE conduit market in the telecommunications sector. The deployment of 5G networks requires efficient cable management solutions, and HDPE conduit offers the necessary protection and organization for the fiber optic cables supporting 5G connectivity. The densification of wireless infrastructure with small cell deployments further contributes to the demand for HDPE conduit. In addition, the surge in data-intensive applications, including video streaming, cloud computing, and IoT devices, is generating a massive amount of data traffic. HDPE conduit enables the installation and management of fiber optic cables that may handle increase in data volumes, ensuring efficient data transmission and supporting the growth in demands of data-driven applications.
Leading Market Players: -
Atkore
Blue Diamond Industries
Bulldog Pipe
Dura-Line Ltd
Endot Industries, LLC
Flying W Plastics Inc.
Opti-Com Manufacturing Network, LLC
Southwire Company, LLC.
United Poly Systems
WL Plastics
The report provides a detailed analysis of these key players in the U.S. HDPE conduit market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
