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), Regional Outlook & Forecast, 2024 – 2032
Report ID: GMI9626
|
Published Date: May 2024
|
Report Format: PDF
Download Free PDF
Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2023
Companies covered: 13
Tables & Figures: 20
Countries covered: 19
Pages: 110
Download Free PDF

Flexible Metallic Conduit Market
Get a free sample of this reportGet a free sample of this report Flexible Metallic Conduit Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Flexible Metallic Conduit Market Size
The global flexible metallic conduit market size reached a value of USD 505.2 million in 2023 and is projected to grow at a CAGR of 7.2% through 2032. This growth is attributed to the rising use of Flexible Metallic Conduits (FMCs) in construction and infrastructure development because of their durability, corrosion resistance, and flexibility.
In addition, the increasing rate of urbanization and industrialization in developing nations has escalated the need for robust and effective wiring and cabling systems that foster further expansion of the market. According to Wordbank, the urban population of India in 2022 was nearly 75% and is expected to grow in the subsequent years, which bodes well for the conduit industry growth.
Flexible Metallic Conduit Market Trends
The market for flexible metallic conduit is marked with certain trends such as a rise in the use of liquid-tight flexible metallic conduits, which offer superior protection against moisture and contaminants in difficult and demanding environments. In addition, there is high growth potential for flexible metallic conduits in renewable energy constructions such as solar and wind farms because of their strength and flexibility.
Newer technologies are resulting in the production of conduits with additional features like enhanced corrosion and fireproofing. In addition, there is a prevalent attempt to substitute traditional production materials with eco-friendly and recyclable products in conduits manufacturing in response to growing needs for sustainability and carbon footprint reduction.
Flexible Metallic Conduit Market Analysis
The flexible metallic conduit industry is expecting to rise over USD 240 million by 2032 for trade sizes ranging at size 2.5 to 3 inch. These sizes are structurally suitable for a variety of industrial applications as they provide a sufficient amount of structural integrity while simultaneously offering a great degree of flexibility. They are common among standard electrical installations, making these conduits readily available to and easily identified by contractors and installers.
This specific market also allows for competitive pricing when compared to either larger size than 3 or smaller than 2.5, which makes these conduits attractive to consumers aiming to save costs while still receiving top tier quality. Their wide availability and handy price ranges make them the conduit of choice for standard installations catering to both flexibility and rigidity.
The flexible metallic conduit market from industrial sectors is record a CAGR of 6.5% till 2032. These industries depend on conduits for protection from harsh environments while simultaneously safeguarding electrical systems and assuring safety and integrity. The vast infrastructure and mega projects within this sector boosts the demand for conduits across a variety of installations and applications. Additionally, the rising safety standards set forth in various regulations further bolster the need for high quality conduits that are in fairness required by the industry gaps this segment dominates the market.
The Asia Pacific flexible metallic conduit market is predicted to exceed USD 390 million by 2032, attributable to the swift industrial activities followed by urban migration in China, India, and the rest of the Southeast Asian countries, as these regions boost their electrical architecture. Furthermore, the increasing acceptance of industry automation and modern manufacturing techniques drives the necessity for flexible and reliable electrical wiring systems.
Also, the regions aggressive adoption of new technologies including safety regulations and protection infrastructural development enhances the growth of the market. For instance, in September 2021, ABB Installation Products launched new conduit and cable support products aimed at the global rail transport market which improves efficiency and safety within rail networks.
The flexible metallic conduit market in the U.S. is driven by growth in the construction of residential, commercial, and industrial buildings which is the main factor behind the expansion. Also, increasing electrical safety regulations and advanced technologies adopted in protection wiring enable growth. Increase in the use of flexible conduits in data centers and green energy projects continues to drive growth.
Flexible Metallic Conduit Market Share
Because of its extensive portfolio, global presence, and reputation for quality and dependability, ABB has a large market share in the flexible metallic conduits space. The company’s engineering prowess meets multiple industrial requirements while observing strict safety regulations. Reinforcing wiring protection solutions with simultaneous technology advancement and meeting customer's needs assures ABB’s industry leading position.
Flexible Metallic Conduit Market Companies
Some of the key market players operating across the flexible metallic conduit industry are:
Flexible Metallic Conduit Industry News
The 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:
Click here to Buy Section of this Report
Market, By Trade Size
Market, By Application
Market, By End Use
The above information has been provided for the following countries: