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Industrial Liquid-Tight Flexible Metal Conduit Market Size

  • Report ID: GMI10142
  • Published Date: Jul 2024
  • Report Format: PDF

Industrial Liquid-Tight Flexible Metal Conduit Market Size

Industrial Liquid-Tight Flexible Metal Conduit Market size was valued at USD 169.9 million in 2023 and is projected to grow at a CAGR of 8.3% between 2024 and 2032. This growth is driven by several factors, including increasing industrial automation, rising demand for secure and flexible wiring solutions, and stringent safety regulations. The market benefits from the expanding construction sector, where liquid-tight conduits are essential for protecting electrical wiring in harsh environments. Additionally, the growth of renewable energy projects and the need for robust electrical infrastructure in these setups further propel market demand.

 

Technological advancements and innovations in conduit materials and design also contribute to the market's expansion, offering enhanced durability and performance in challenging industrial applications. Atkore Flexicon launched new conduit systems and fittings with a UL 360 rating in September 2023, as well as zinc-coated conduit tailored for essential applications in the food, pharmaceutical, and electronics sectors. With industries placing greater emphasis on safety, efficiency, and durability in electrical installations, the market is positioned for steady growth and ongoing innovation to address evolving industry requirements.
 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of industrial liquid-tight flexible metal conduit reached USD 169.9 million in 2023 and is set to witness 8.3% CAGR from 2024 to 2032, owing to the increasing industrial automation, rising demand for secure and flexible wiring solutions, and stringent safety regulations worldwide.

Industrial liquid-tight flexible metal conduit industry from the 2 ½ to 3 inch trade size segment is expected to register over 7% CAGR through 2032, due to its increasing demand for reliable electrical infrastructure in sectors like construction, manufacturing, and energy.

Asia Pacific market is expected to exceed USD 140 million by 2032, due to rapid industrialization and infrastructure development in countries such as China, India, and Japan in the region.

Anamet Electrical, Inc., Atkore, ABB, AF? ELEKTROMEKAN?K, Delikon Electric Flexible Conduit, Eddy Group Limited, Electri-Flex Company, Eaton, Heyco, and Kaiphone Technology Co., Ltd., are some of the industrial liquid-tight flexible metal conduit companies worldwide.

Industrial Liquid-Tight Flexible Metal Conduit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 15
  • Countries covered: 19
  • Pages: 80
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