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Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Size

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

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Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Size

Commercial Liquid-Tight Flexible Non-Metallic Conduit Market was valued at USD 158.4 million in 2023 and is projected to grow at a CAGR of 7.7% between 2024 and 2032, due to the increasing demand for flexible, durable wiring solutions in commercial construction and the surge in infrastructure development projects. Additionally, the growing adoption of renewable energy systems, smart buildings, and the need for efficient, space-saving wiring solutions further bolster the demand for liquid-tight flexible non-metallic conduits, contributing to the market's expansion.

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Ongoing advancements in materials and manufacturing processes are fueling market growth in the commercial sector. As businesses place greater emphasis on safety, efficiency, and durability in their electrical installations, the market is poised for sustained growth and ongoing innovation to meet the evolving demands of the commercial sector.

Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Report Attributes
Report Attribute	Details
Base Year:	2023
Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Size in 2023:	USD 158.4 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	7.7%
2032 Value Projection:	USD 315.4 Million
Historical Data for:	2021 - 2023
No. of Pages:	80
Tables, Charts & Figures:	15
Segments covered:	Trade Size
Growth Drivers:	Ongoing commercial infrastructural development Expansion of micro-grid networks Increasing electricity demand
Pitfalls & Challenges:	Slow-paced technological evolution across developing regions

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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.