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Industrial Flexible Metal Conduit Market Size

Report ID: GMI10217
Published Date: Jul 2024
Report Format: PDF

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Industrial Flexible Metal Conduit Market Size

Industrial Flexible Metal Conduit Market was valued at USD 172.5 million in 2023 and is expected to grow at a CAGR of 6.8% between 2024 and 2032. Increasing industrial automation and the need for robust and flexible electrical wiring solutions are major contributors. The rise in infrastructure development and the expansion of manufacturing sectors further fuel demand.

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Additionally, advancements in conduit materials and designs enhance durability and efficiency, making them suitable for various applications. The growing emphasis on safety and compliance with stringent regulatory standards also boosts the adoption of flexible metal conduits in industrial environments.

Industrial Flexible Metal Conduit Market Report Attributes
Report Attribute	Details
Base Year:	2023
Industrial Flexible Metal Conduit Market Size in 2023:	USD 172.5 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.8%
2032 Value Projection:	USD 320.4 Million
Historical Data for:	2021 - 2023
No. of Pages:	80
Tables, Charts & Figures:	15
Segments covered:	Trade Size
Growth Drivers:	Ongoing industrial 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 industrial flexible metal conduit was reached USD 172.5 million in 2023 and is expected to grow at 6.8% CAGR through 2032, owing to the ongoing industrial infrastructural development.

The industrial flexible metal conduit market from the 2 ½ to 3-inch trade size segment is expected to record over 5.5% CAGR through 2032, driven by increasing infrastructure investments, and advancements in construction technologies.

Asia Pacific industrial flexible metal conduit (FMC) market is projected to surpass USD 130 million by 2032, attributed to rapid industrialization, significant urbanization, and extensive infrastructure development.

Anamet Electrical, Inc., ABB, Atkore, Bahra Electric, Delikon, Dongguan FlexGlory Machinery Accessories Co., Ltd., Electri-Flex Company, Hangzhou EVT Electrical Co., Ltd., and Hangzhou ANAKO among others.