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Commercial Liquid-Tight Flexible Metal Conduit Market Trends

Report ID: GMI10422
Published Date: Jul 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of commercial liquid-tight flexible metal conduit reached USD 148.4 million in 2023 and is set to witness 8.3% CAGR through 2032, fueled by rising demand for safe and durable electrical infrastructure.

The 2 ½ to 3 inch trade size segment will witness over 7% CAGR through 2032, driven by increasing demand for secure electrical wiring in commercial buildings.

Asia Pacific market is projected to exceed USD 125 million by 2032, fueled by surging need for resilient electrical wiring solutions in commercial and industrial sectors.

Atkore, Anamet Electrical, Inc., AF? ELEKTROMEKAN?K, ABB, Delikon Electric Flexible Conduit, Eddy Group Limited, Eaton, Electri-Flex Company, and Heyco among others.