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Asia Pacific Flexible Electrical Conduit Market Size
Asia Pacific Flexible Electrical Conduit Market was valued at USD 775.5 million in 2023 and is projected to grow at a CAGR of over 8.3% from 2024 to 2032. Rapid urbanization and industrialization in China, India, and Japan are driving demand for these products in construction and infrastructure projects. Investment from government in building renewable energy infrastructure is also proliferating the demand.
Additionally, increasing adoption of advanced technologies like smart buildings and IoT devices is boosting demand for flexible conduit systems to protect electrical wiring and cables Furthermore, the growth of automotive, aerospace, and telecommunications industries in Asia Pacific drives demand for flexible electrical conduits. This presents lucrative opportunities for manufacturers amid the region's evolving infrastructure landscape.
Who are the major Asia Pacific flexible electrical conduit industry players?
ABB, Atkore, B.E.C. Conduits Pvt. Ltd, Dongguan FlexGlory Machinery Accessories Co., Ltd, Electri-Flex Company, FURUKAWA ELECTRIC CO., LTD, Hellermann Tyton, and Hubbell among others.
Why is the flexible electrical conduit industry booming in China?
China flexible electrical conduit market is projected to exceed USD 390 million by 2032, attributed to industrialization and infrastructure.
Why is the demand for liquid-tight flexible non-metallic rising in Asia Pacific flexible electrical conduit industry?
The liquid-tight flexible non-metallic configuration segment of the APAC flexible electrical conduit market will surpass USD 415 million by 2032, due to its versatility and durability.
How much is the Asia Pacific flexible electrical conduit market worth?
Asia Pacific market for flexible electrical conduit was reached USD 775.5 million in 2023 and will continue to surge at 8.3% CAGR through 2032, driven by rapid urbanization and industrialization.