Home > Energy & Power > Wire and Cable > Power Cable > Commercial Liquid-Tight Flexible Metal Conduit Market
Commercial Liquid-Tight Flexible Metal Conduit Market Share
Commercial Liquid-Tight Flexible Metal Conduit Market size was valued at USD 148.4 million in 2023 and is projected to grow at a CAGR of 8.3% between 2024 and 2032. This growth is fueled by several factors including a rising demand for safe and durable electrical infrastructure in commercial buildings, technological advancements in conduit designs, and an increasing adoption of flexible conduits across industrial applications.
Furthermore, the market is seeing a push from a heightened focus on energy efficiency and the necessity for enhanced protection against environmental risks. According to the U.S. Department of Energy, commercial buildings account for 36% of the nation's electricity consumption, highlighting the critical need for efficient electrical infrastructure. Regulatory standards and building codes, which now mandate the use of premium electrical conduits, are further amplifying the demand for liquid-tight flexible metal conduits in the commercial landscape.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 148.4 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 8.3% |
| 2032 Value Projection: | USD 311.7 Million |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 80 |
| Tables, Charts & Figures: | 15 |
| Segments covered: | Trade Size |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Commercial Liquid-Tight Flexible Metal Conduit Market Trends
The market for commercial liquid-tight flexible metal conduits is growing fast due to the high demand for strong electrical conduit solutions. Key trends include better material technology, which improves flexibility and durability, and more uses in construction, industrial, and utility areas. According to the U.S. Census Bureau, construction spending in the U.S. reached USD 1.6 trillion in 2023, showing the sector's growth.
Urbanization, especially in developing countries, and new infrastructure projects are major drivers of this market growth. Strict safety rules and regulations are also pushing the use of these conduits. The use of smart technologies and IoT in building systems is increasing demand. Companies are focusing on eco-friendly materials and new designs to meet changing market needs and sustainability goals.
Commercial Liquid-Tight Flexible Metal Conduit Market Analysis
The global market for commercial liquid-tight flexible metal conduit (LFMC) will exceed USD 311 million by 2032. North America's growth comes from more construction and infrastructure projects. In Asia-Pacific, the market is growing due to more factories and cities. Europe's market is growing because of strict safety rules.
In Latin America, there is more demand for better electrical wiring protection. The Middle East and Africa are seeing growth due to more investments in smart grid projects. These regional factors, along with new technology and the need for flexible, durable conduit solutions, will drive strong market growth in the coming years.
The commercial liquid tight flexible metal conduit (LFMC) market is expected to experience substantial growth, with a projected CAGR surpassing 7% through 2032, especially in the 2 ½ to 3 inch trade size segment. This growth is driven by increasing demand for secure electrical wiring in commercial buildings, advancements in construction technologies, and the rising need for robust, flexible conduit solutions in various industrial applications. Additionally, stringent safety regulations and the growing trend of smart building infrastructures are further propelling the market forward, ensuring reliable and durable protection for electrical systems.
The Asia Pacific LFMC market is projected to exceed USD 125 million by 2032. This growth is primarily fueled by a surging need for resilient electrical wiring solutions in commercial and industrial sectors. Furthermore, the escalating integration of automation and smart technologies in industries underscores the imperative for enhanced protection of electrical systems, thereby amplifying the demand for LFMC.
According to the Asian Development Bank, urbanization in the Asia Pacific region is expected to reach 64% by 2030, and infrastructure investments are projected to require USD 1.7 trillion annually through 2030. These factors are pivotal, given that both new constructions and renovations necessitate dependable conduit systems to uphold electrical safety and efficiency.
The U.S. commercial liquid-tight flexible metal conduit industry is experiencing growth driven by increasing construction activity, rising demand for secure and flexible wiring solutions, and stringent safety regulations. Expanding renewable energy projects and the need for robust electrical infrastructure in these setups further propel market demand.
Commercial Liquid-Tight Flexible Metal Conduit Market Share
ABB holds a significant share in the U.S. commercial liquid-tight flexible metal conduit industry due to its extensive product portfolio, reputation for quality, and innovative solutions that meet stringent safety standards. ABB's commitment to technological advancement and customer satisfaction further solidifies its position as a market leader in wiring protection solutions for commercial applications.
Commercial Liquid-Tight Flexible Metal Conduit Market Companies
Some of the key market players operating across the commercial liquid-tight flexible metal conduit industry are:
- Atkore
- Anamet Electrical, Inc.
- AF? ELEKTROMEKAN?K
- ABB
- Delikon Electric Flexible Conduit
- Eddy Group Limited
- Eaton
- Electri-Flex Company
- Heyco
- Kaiphone Technology Co., Ltd.
- PDU Cables
- Southwire Company, LLC.
- Techno Flex
- Thomas & Betts Corporation
- Zhejiang Flexible Technology Co., Ltd.
Commercial Liquid-Tight Flexible Metal Conduit Industry News
- In May 2022, JD Martin and ABB Installation Products announced an expanded partnership to strengthen the distribution and promotion of ABB's electrical installation products across key markets. This strategic collaboration leveraged JD Martin's extensive industry expertise and sales channels to increase customer access to ABB's premium wiring solutions, including its Carlon and Ocal product lines. The expanded agreement saw JD Martin represent ABB Installation Products in additional territories, including Alabama, Florida, and Georgia, further enhancing the availability of ABB's innovative electrical infrastructure offerings to commercial and industrial customers in these regions.
The commercial liquid-tight flexible metal 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:
Click here to Buy Section of this Report
Market, By Trade Size
- ½ to 1
- 1 ¼ to 2
- 2 ½ to 3
- 3 to 4
- 5 to 6
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Aisa Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Latin America
- Brazil
- Argentina
Frequently Asked Questions (FAQ) :