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Industrial Flexible Electrical Conduit Market Size
Industrial Flexible Electrical Conduit Market was valued at USD 696.1 million in 2023 and is anticipated to expand at a CAGR of 7.9% from 2024 to 2032. The increasing demand for safe and reliable electrical infrastructure in industrial settings, coupled with the need for flexibility in wiring systems to accommodate complex machinery and equipment layouts, is a primary driver.
The rising adoption of renewable energy sources and the subsequent requirement for resilient and versatile conduit systems to manage variable power inputs further contribute to market expansion. As per IEA, in 2023, the global annual additions to renewable capacity surged by nearly 50% to reach approximately 510 gigawatts (GW), marking the most rapid growth rate observed in the last twenty years.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 696.1 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.9% |
| 2032 Value Projection: | USD 1.4 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 110 |
| Tables, Charts & Figures: | 20 |
| Segments covered: | Trade Size, Configuration |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Industrial Flexible Electrical Conduit Market Trends
The industrial flexible electrical conduit industry is witnessing several notable trends driven by advancements in manufacturing processes, increasing automation, and stringent regulatory standards. There's a growing demand for flexible conduit solutions that offer durability, adaptability, and ease of installation in industrial settings, particularly amidst evolving machinery layouts and production environments. Moreover, the rise of smart factories and Industry 4.0 initiatives is fuelling the need for conduit systems capable of supporting complex electrical and communication networks. Furthermore, the emphasis on workplace safety and the protection of electrical installations is driving the adoption of conduit solutions that comply with rigorous industry standards.
Industrial Flexible Electrical Conduit Market Analysis
2 ½ to 3 trade size flexible electrical conduits hold a substantial share across the industrial application and are projected to exceed USD 350 million by 2032. These dimensions strike an ideal equilibrium between flexibility and sturdiness, offering ample structural strength suitable for various industrial applications. They find common usage in typical electrical installations, ensuring familiarity among contractors and installers and easy availability. Moreover, they boast a competitive pricing compared to larger or smaller alternatives, appealing to budget-conscious purchasers without compromising quality or functionality. Their adaptability and prevalence in standard installations make them a favoured option for individuals seeking a cost-effective solution that combines flexibility and durability.
The industrial flexible electrical conduit market from liquid-tight flexible non-metallic (LFNC) is expected to grow at a CAGR of over 7.5% through 2032. This growth is propelled by several factors, including the rising demand for conduits that offer superior protection against liquids, oils, and corrosive substances in industrial environments. LFNC conduits provide exceptional flexibility and durability, making them well-suited for applications where traditional metallic conduits may be impractical or insufficient. Additionally, the lightweight nature of LFNC conduits contributes to easier installation and handling, reducing labor costs and installation time. Furthermore, the growing emphasis on safety and compliance with industry regulations drives the uptake of LFNC conduits, which offer excellent resistance to fire and high temperatures.
Asia Pacific industrial flexible electrical conduit market is projected to surpass USD 580 million by 2032, propelled by region's rapid industrialization and infrastructure development, leading to increased demand for flexible conduit solutions to support expanding manufacturing, construction, and infrastructure projects. Additionally, stringent regulatory standards and a growing focus on workplace safety are driving the adoption of flexible electrical conduits that offer superior protection against environmental hazards and electrical faults.
The growth of the U.S. industrial flexible electrical conduit market is driven by factors such as increasing industrialization, infrastructure development, and stringent safety regulations. Additionally, the demand for flexible conduit solutions offering superior protection against environmental hazards and electrical faults, coupled with advancements in manufacturing processes, contribute to market expansion.
Industrial Flexible Electrical Conduit Market Share
ABB holds a significant market share in the industrial flexible electrical conduit business due to its innovative product offerings, advanced manufacturing processes, and strong global presence. With a focus on quality, reliability, and technological advancements, ABB continues to be a preferred choice for industrial customers seeking flexible conduit solutions that meet their specific requirements and regulatory standards, further solidifying its market leadership position.
Industrial Flexible Electrical Conduit Market Companies
Major key players operating across the industrial flexible electrical conduit industry are:
- Anamet Electrical, Inc.
- ABB
- Atkore
- Afi Elektromekanik
- Bahra Electric
- Delikon Electric Flexible Conduit
- Dongguan FlexGlory Machinery Accessories Co., Ltd.
- Eddy Group Limited
- Electri-Flex Company
- HellermannTyton
- Kaiphone Technology Co. Ltd.
- Southwire Company, LLC.
- Shanghai Weyer Electric Co., Ltd.
- United Power
- Whitehouse Flexible Tubing
Industrial Flexible Electrical Conduit Industry News
- In October 2022, Southwire unveiled a fresh collection of spring steel supports and fasteners, showcasing the company's commitment to meeting customer demands with inventive solutions. This new line aims to provide effective and reliable choices for diverse electrical installation needs. With the introduction of these supports and fasteners, Southwire reinforces its standing as a leading supplier of top-tier electrical products and solutions in the sector.
- In March 2020, Atkore International announced the launch of Koreflex flexible conduit range, thus highlighting its commitment to innovating electrical infrastructure solutions. This introduction aimed to enhance flexibility and durability, catering to diverse installation needs across various industries. With this launch, Atkore reaffirmed its position as a leading provider of reliable and adaptable conduit solutions, adeptly adapting to evolving customer demands across multiple sectors.
This industrial flexible electrical 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:
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Market, By Trade Size
- ½ to 1
- 1 ¼ to 2
- 2 ½ to 3
- 3 to 4
- 5 to 6
- Others
Market, By Configuration
- Flexible Metallic (FMC)
- Liquid-Tight Flexible Metal (LFMC)
- Flexible Metallic Tubing (FMT)
- Liquid-Tight Flexible Non-Metallic (LFNC)
The above information has been provided for the following countries:
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Latin America
- Brazil
- Argentina
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