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Asia Pacific Flexible Metallic Conduit Market Size - By Trade Size (½ to 1, 1 ¼ to 2, 2 ½ to 3, 3 to 4, 5 to 6, Others), By Application, By End Use (Residential, Commercial, Industrial, Utility), Country Outlook & Forecast, 2024 – 2032

  • Report ID: GMI9809
  • Published Date: Jun 2024
  • Report Format: PDF

Asia Pacific Flexible Metallic Conduit Market Size

Asia Pacific Flexible Metallic Conduit Market was valued at USD 203.5 million in 2023 and is expected to grow at a CAGR of 7.3% from 2024 to 2032. Rapid urbanization and industrialization in emerging economies such as China and India are leading to increased construction activities and infrastructure development, which in turn boost the demand for flexible metallic conduits for electrical wiring and cabling. With around 1/3rd of India's population residing in urban areas as per World Bank data from 2022, this proportion is projected to further rise in the upcoming years. This trend creates a conducive environment for the growth of the conduit industry.
 

Asia Pacific Flexible Metallic Conduit Market

Additionally, the rise in automation across various industries and the need for advanced wiring solutions to ensure safety and efficiency further propel market growth. The growing adoption of renewable energy sources and the subsequent need for efficient power transmission also contribute to the market expansion. Furthermore, technological advancements in conduit materials and the development of fire-resistant and corrosion-resistant variants enhance their appeal in various applications, reinforcing market growth in the region.
 

Asia Pacific Flexible Metallic Conduit Market Trends

In the Asia Pacific region, the flexible metallic conduit market is witnessing several notable trends. Rapid urbanization, particularly in emerging economies like China and India, is fueling demand for flexible metallic conduits for electrical installations in construction projects. Moreover, the increasing adoption of automation across diverse industries is driving the need for advanced wiring solutions, further boosting market growth. Additionally, the shift towards renewable energy sources is creating opportunities for conduit manufacturers, as efficient power transmission infrastructure becomes imperative. Technological advancements in conduit materials, including fire and corrosion-resistant variants, are enhancing their appeal in various applications, shaping the market's trajectory in the region.
 

Asia Pacific Flexible Metallic Conduit Market Analysis

Asia Pacific Flexible Metallic Conduit Market Size, By Trade Size, 2022 – 2032, (USD Million)

The trade sizes ranging from 2 ½ to 3 inches, the flexible metallic conduit market is poised to exceed USD 110 million by 2032. These sizes offer an optimal blend of flexibility and strength, catering to diverse industrial needs. Widely utilized in standard electrical setups, they boast competitive pricing, appealing to budget-conscious consumers while ensuring quality and efficiency. Moreover, the escalating adoption of automation and industrial technologies further fuels the demand for flexible metallic conduits, necessitating robust electrical connections.
 

 Asia Pacific Flexible Metallic Conduit Market Share, By End Use, 2023

Asia Pacific flexible metallic conduit market is projected to expand about 6.5% CAGR through 2032. These conduits offer superior protection for electrical wirings, cables, and other sensitive components against harsh environmental conditions, mechanical stress, and electromagnetic interference prevalent in industrial settings. Moreover, the growing emphasis on safety standards and regulations further propels the implementation of flexible metallic conduits in industrial facilities, ensuring reliable and secure electrical installations. As industrial infrastructures continue to modernize and expand in the Asia Pacific region, the flexible metallic conduit market is poised for sustained growth in the foreseeable future.
 

China Flexible Metallic Conduit Market Size, 2022 - 2032, (USD Million)

The China flexible metallic conduit market is projected to surpass USD 90 million by 2032. China's rapid industrialization, coupled with the continuous expansion of its manufacturing sector, is driving the demand for flexible metallic conduits across various applications. as China continues to prioritize technological advancements and infrastructure development, the market for flexible metallic conduits is expected to witness sustained growth, supported by investments in modernizing industrial facilities and upgrading electrical systems nationwide.
 

Ongoing innovations by major players operating in the industry will further drive the product penetration. In September 2021, ABB Installation Products unveiled novel conduit and cable support solutions tailored for the international rail transport industry, aiming to elevate operational efficiency and safety standards throughout rail networks worldwide, thus propelling the product demand across the nation.
 

Asia Pacific Flexible Metallic Conduit Market Share

Asia Pacific Flexible Metallic Conduit Company Market Share Analysis, 2023

Schneider Electric commands a substantial market share in the Asia Pacific flexible metallic conduit industry, leveraging its extensive product portfolio and strong presence across the region. With a reputation for innovation and reliability, Schneider Electric offers a diverse range of flexible metallic conduit solutions tailored to meet the unique needs of various industries. Its commitment to quality and customer satisfaction solidifies its position as a key player in this rapidly growing market segment.
 

Asia Pacific Flexible Metallic Conduit Market Companies

Major key players operating across the Asia Pacific flexible metallic conduit industry are:

  • Atkore
  • ABB
  • B.E.C. Conduits Pvt. Ltd.
  • Electri-Flex Company
  • FURUKAWA ELECTRIC CO., LTD.
  • Hubbell
  • Hellermann Tyton
  • Kaiphone Technology Co. Ltd.
  • Legrand
  • Leonier Electricals
  • SHIELDCON
  • Schneider Electric
  • Supa Flex
  • Treotham
     

Asia Pacific Flexible Metallic Conduit Industry News

  • In December 2023, Hubbell Incorporated completed the acquisition of Systems Control, a prominent supplier of tailored electrical distribution and control solutions. This strategic transaction strengthened Hubbell's presence in the utility and industrial sectors, broadening its range of cutting-edge products. By incorporating Systems Control's knowledge and technologies, Hubbell reaffirmed its dedication to furnishing holistic solutions to global clientele.
     
  • In September 2021, ABB Installation Products unveiled groundbreaking innovations in conduit and cable support for the global rail transport sector. These advancements, showcased at the recent industry event, revolutionized infrastructure solutions, enhancing efficiency and safety across rail networks. ABB's cutting-edge products received acclaim for their ability to streamline installations and improve reliability in challenging environments. The company's dedication to innovation underscores its commitment to driving progress within the rail industry, offering state-of-the-art solutions tailored to meet evolving needs.
     

This Asia Pacific flexible metallic conduit market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032, for the following segments:

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Market, By Trade Size

  • ½ to 1
  • 1 ¼ to 2
  • 2 ½ to 3
  • 3 to 4
  • 5 to 6
  • Others

Market, By Application

  • Rail infrastructure
  • Military Aerospace
  • Healthcare Facilities
  • Process Plants
  • Energy
  • Others

Market, By End Use

  • Residential
  • Commercial
  • Industrial
  • Utility

The above information has been provided for the following countries:

  • China
  • India
  • Japan
  • South Korea
  • Australia

 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Asia Pacific market for flexible metallic conduit was reached USD 203.5 million in 2023 and is anticipated to register 7.3% CAGR between 2024 to 2032, owing to increased awareness about workplace safety requirements, improvements in technology, and expenditures in infrastructure.

Asia Pacific flexible metallic conduit industry from the 2 ½ to 3 inches segment will record USD 110 million by 2032, due to their optimal flexibility, strength, affordability, and rising adoption in automation and industrial technologies for robust electrical connections.

China flexible metallic conduit industry size may exceed USD 90 million by 2032, owing to rapid industrialization, manufacturing expansion, and investments in technological advancements and infrastructure modernization.

Atkore, ABB, B.E.C. Conduits Pvt. Ltd., Electri-Flex Company, FURUKAWA ELECTRIC CO., LTD., Hubbell, Hellermann Tyton, Kaiphone Technology Co. Ltd. and Legrand, among others.

Asia Pacific Flexible Metallic Conduit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 10
  • Countries covered: 5
  • Pages: 60
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