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Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Analysis

  • Report ID: GMI10425
  • Published Date: Jul 2024
  • Report Format: PDF

Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Analysis

The global market for commercial liquid tight flexible non-metallic conduit (LFNC) is expected to surpass USD 315 million by 2032, driven by strong demand across various regions. In North America, increasing infrastructure investments and technological advancements in construction are key factors. Europe sees growth due to stringent regulatory standards for electrical installations and a growing emphasis on safety. The Asia-Pacific region benefits from rapid industrialization, urbanization, and the expansion of manufacturing sectors. In Latin America, infrastructure development and the modernization of electrical grids are primary drivers. Meanwhile, the Middle East and Africa experience growth due to rising construction activities and investments in renewable energy projects.
 

Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Share, By Trade Size, 2023

The 2 ½ to 3 inch trade size segment is projected to witness about 6% CAGR through 2032, driven by the increasing demand for flexible and durable wiring solutions, advancements in construction technology, and the rising trend of smart building infrastructure. Additionally, stringent safety regulations and the need for efficient electrical systems in commercial spaces are boosting the adoption of LFNC products. Enhanced durability and ease of installation are also key factors contributing to the market's robust growth.
 

Asia Pacific Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Size, 2022 - 2032, (USD Million)

Asia Pacific commercial Liquid-tight flexible non-metallic conduit market is projected to exceed USD 125 million by 2032. This growth is driven by increased infrastructure development, rapid urbanization, and the rising demand for safe and efficient electrical systems. Additionally, the adoption of advanced technologies in construction and a surge in industrial automation contribute to the market's expansion. The LFNC market also benefits from the growing emphasis on sustainability and the use of eco-friendly materials in construction, alongside stringent regulatory standards mandating enhanced safety measures in electrical installations.
 

The U.S. commercial liquid-tight flexible non-metallic conduit market is driven by several key factors. These include increasing adoption in construction projects due to its flexibility and durability, rising demand for reliable cable protection solutions in industrial applications, stringent safety regulations promoting its use, and advancements in materials enhancing performance and lifespan, all contributing to sustained market growth and expansion.
 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of commercial liquid-tight flexible non-metallic conduit was worth over USD 158.4 million in 2023 and will grow at 7.7% CAGR between 2024 and 2032, due to the growing need for versatile and long-lasting wiring solutions in commercial construction

Commercial liquid-tight flexible non-metallic conduit market from the 2 ½ to 3 inch trade size segment will witness 6% CAGR through 2032, driven by increasing demand in commercial construction for robust, flexible conduit solutions to accommodate larger electrical wiring needs.

Asia Pacific commercial liquid-tight flexible non-metallic conduit industry will surpass USD 125 million by 2032, attributed to the stringent electrical safety regulations, rapid urbanization and extensive infrastructure projects.

Prominent players operating in the commercial liquid-tight flexible non-metallic conduit industry are ABB, Atkore, Dura-Line Corporation, Eaton, Hangzhou EVT Electrical Co., Ltd., Hubbell, IPEX USA LLC., Legrand, Shanghai Weyer Electric Co., Ltd., Southwire Company, LLC., Techno Flex, Thomas & Betts Corporation, and Zhejiang Flexible Technology Co., Ltd. among others.

Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 15
  • Countries covered: 19
  • Pages: 80
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