Home > Energy & Power > Wire and Cable > Power Cable > Flexible Metallic Conduit Market
Flexible Metallic Conduit Market was valued at USD 505.2 million in 2023 and is projected to grow at a CAGR of 7.2% during 2024 to 2032, owing to the increasing adoption of flexible metallic conduits in the construction and infrastructure sectors, due to their superior durability, corrosion resistance, and flexibility.
Additionally, the rise in urbanization and industrialization, particularly in emerging economies, has led to heightened demand for efficient and reliable wiring and cabling solutions, further propelling market growth. As per the Worldbank, approximately 75% of the population of India resided in urban setting in 2022 which is further going to increase in the coming years, creating a favorable scenario for the conduit industry growth.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Flexible Metallic Conduit Market Size in 2023: | USD 505.2 Million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 7.2% |
2032 Value Projection: | USD 969 Million |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 110 |
Tables, Charts & Figures: | 20 |
Segments covered: | Trade Size, Application and End Use |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The flexible metallic conduit industry is experiencing several notable trends including the increasing preference for liquid-tight flexible metallic conduits, which provide enhanced protection against moisture and contaminants, making them ideal for harsh and demanding environments. Additionally, there is a growing demand for flexible metallic conduits in renewable energy projects, such as solar and wind farms, due to their durability and adaptability. Technological advancements are also leading to the development of conduits with improved features, such as enhanced corrosion resistance and fireproofing capabilities. Moreover, the market is seeing a shift towards environmentally friendly and recyclable materials in conduit manufacturing, aligning with the global emphasis on sustainability and reducing carbon footprints.
The flexible metallic conduit by trade sizes 2 ½ to 3 is projected to exceed USD 240 million by 2032. These sizes offer an optimal balance between flexibility and rigidity, providing sufficient structural integrity suitable for a wide range of industrial applications. They are commonly used in standard electrical installations, making them readily available and familiar to contractors and installers. Additionally, they present a competitive price point compared to larger or smaller options, attracting cost-conscious buyers without sacrificing quality or performance. Their versatility and widespread use in standard installations make them a preferred choice for those seeking both flexibility and rigidity at an affordable cost.
The flexible metallic conduit market in the industrial sector is expected to grow at a CAGR of over 6.5% through 2032. Industries needing protection from harsh environments depend on these conduits to safeguard electrical systems, ensuring both safety and integrity. The sector's extensive infrastructure and large-scale projects create substantial demand for conduits across various installations and applications. Moreover, stringent safety standards and regulations require the use of high-quality conduits that meet industry requirements, further solidifying the dominance of this segment in the market.
Asia Pacific flexible metallic conduit market is likely to surpass USD 390 million by 2032, driven by the rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations, which in turn are increasing the demand for robust electrical infrastructure. Additionally, the rising adoption of automation and advanced manufacturing processes in industries is driving the need for reliable and flexible electrical conduits. Additionally, the region's proactive approach to adopting advanced technologies and regulatory standards in electrical safety and infrastructure development fuels market expansion. For example, in September 2021, ABB Installation Products introduced innovative conduit and cable support solutions for the global rail transport sector, enhancing efficiency and safety across rail networks.
The growth of the U.S. flexible metallic conduit market is primarily driven by increasing construction activities in residential, commercial, and industrial sectors. Additionally, stringent regulations pertaining to electrical safety and the adoption of advanced technologies in wiring protection contribute to market expansion. Rising demand for flexible conduits in data centers and renewable energy projects further fuels growth.
ABB commands a significant market share in the flexible metallic conduits sector owing to its broad product range, global reach, and strong reputation for quality and reliability. The company's innovative solutions address various industrial needs while adhering to strict safety standards. ABB's dedication to technological progress and customer satisfaction further cements its status as a leader in wiring protection solutions.
Some of the key market players operating across the flexible metallic conduit industry are:
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: