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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.
Report Attribute | Details |
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Base Year: | 2023 |
Industrial Liquid-Tight Flexible Metal Conduit Market Size in 2023: | USD 169.9 Million |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 8.8% |
2032 Value Projection: | USD 355.6 Million |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 80 |
Tables, Charts & Figures: | 15 |
Segments covered: | Trade Size |
Growth Drivers: |
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Pitfalls & Challenges: |
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