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Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Size - By Trade Size (½ to 1, 1 ¼ to 2, 2 ½ to 3, 3 to 4, 5 to 6), Regional Outlook & Forecast, 2024 – 2032

  • Report ID: GMI10003
  • Published Date: Jun 2024
  • Report Format: PDF

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Size

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market was valued at USD 181.4 million in 2023 and is anticipated to grow at a CAGR of 7.6% from 2024 to 2032. Key growth drivers include increasing demand for corrosion-resistant and durable conduits in industrial applications, rising infrastructure development, and stricter safety standards. Additionally, the growing adoption of automation and smart technologies in industries requires reliable conduit solutions for complex wiring needs. The expansion of renewable energy projects, a heightened focus on sustainability, and advancements in conduit materials and manufacturing processes further propel market growth, ensuring robust demand for these conduits in the coming years.

 

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market

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Ongoing innovations in materials and manufacturing processes are boosting market growth. For instance, Atkore Flexicon, in September 2023, introduced new conduit systems and fittings with UL 360 rating, along with zinc-coated conduit, designed for critical applications in food, pharmaceuticals, and electronics. As industries increasingly prioritize safety, efficiency, and durability in electrical installations, the market is poised for sustained growth and continuous innovation to meet evolving industry demands.
 

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Trends

The industrial liquid-tight flexible non-metallic conduit industry is experiencing significant trends driven by the demand for robust, corrosion-resistant solutions in industrial settings. Growth in automation, smart technologies, and renewable energy projects is boosting the need for advanced conduit systems. The Industrial LFNC market is evolving with eco-friendly materials and recyclability, exemplified by Electri-Flex's March 2023 introduction of antimicrobial properties in its Liquatite Type LNMP conduit. This innovation boosts protection against microbial growth in food processing and healthcare settings, aligning with greener practices and stringent hygiene standards. These trends underscore the market's dedication to sustainability and enhanced safety.
 

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Analysis

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Size, By Region, 2022 – 2032, (USD Million)
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The global market for industrial liquid tight flexible non-metallic conduit (LFNC) is projected to exceed USD 359 million by 2032, driven by robust demand across various regions. In North America, stringent regulatory standards promoting safety in industrial settings contribute significantly to market growth. Meanwhile, in Europe, emphasis on sustainable construction practices and the rising adoption of flexible conduit solutions in infrastructure projects are key drivers. The Asia-Pacific region is witnessing rapid industrialization and urbanization, fueling the demand for reliable electrical infrastructure, thereby boosting market expansion. Additionally, technological advancements enhancing product durability and flexibility are further propelling the LFNC market worldwide.
 

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Share, By Trade Size, 2023
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The 2 ½ to 3 inch trade size segment is poised for robust growth and is projected to expand at 6.5% CAGR through 2032, due to the increasing industrial automation and expansion in manufacturing sectors necessitate reliable and flexible conduit solutions for electrical wiring protection. Secondly, stringent regulatory standards demanding safer and more durable electrical installations are boosting the adoption of LFNC conduits. Moreover, the versatility of LFNC conduits in diverse industrial applications, offering resistance to oils, chemicals, and environmental factors, further contributes to their rising demand. These trends underscore LFNC conduits' integral role in modern industrial infrastructure.
 

Asia Pacific Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Size, 2022 - 2032, (USD Million)
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Asia Pacific industrial liquid-tight flexible non-metallic conduit market is forecasted to surpass USD 145 million by 2032, driven by rapid industrialization in key economies such as China and India. These nations are witnessing substantial infrastructure development and expanding manufacturing sectors, necessitating reliable electrical conduit solutions. Moreover, stringent regulatory requirements aimed at enhancing workplace safety and ensuring durable electrical installations are further boosting the adoption of LFNC conduits across the region. Additionally, the versatility of LFNC products in withstanding environmental challenges and their compatibility with various industrial applications are contributing factors to their increasing popularity. This growth underscores the pivotal role of Asia Pacific in the global LFNC market landscape.
 

The growth of the U.S. industrial liquid-tight flexible non-metallic conduit market is driven by increasing investments in infrastructure projects, stringent electrical safety regulations, and the expansion of sectors like manufacturing, utilities, and construction. LFNC's ability to provide durable and flexible electrical wiring protection in demanding environments further enhances its demand across various industrial applications in the United States.
 

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Share

Industrial Liquid-Tight Flexible Non-Metallic Conduit Company Market Share Analysis, 2023,

ABB holds a significant share in the industrial liquidtight flexible non-metallic conduit market, leveraging its expertise in electrical solutions. The company's innovative LFNC products cater to diverse industrial needs, offering robust protection for electrical wiring in demanding environments. ABB's strong market presence, combined with its commitment to technological advancement and quality, positions it as a key player driving growth and reliability in the LFNC market segment.
 

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Companies

Major key players operating across the industrial liquid-tight flexible non-metallic conduit industry are:

  • ABB
  • Atkore
  • Anamet Electrical, Inc.
  • Dura-Line Corporation
  • Electri-Flex Company
  • Eaton
  • Hangzhou EVT Electrical Co., Ltd.
  • Hangzhou Topele Imp. & Exp. Co.,Ltd
  • Hubbell
  • IPEX USA LLC.
  • Kaiphone Technology Co. Ltd.
  • Legrand
  • Shanghai Weyer Electric Co., Ltd.
  • Southwire Company, LLC.
  • Techno Flex
  • Thomas & Betts Corporation
  • Zhejiang Flexible Technology Co., Ltd.
     

Industrial Liquid-Tight Flexible Non-Metallic Conduit Industry News

  • In May 2022, JD Martin revealed its collaboration with ABB Installation Products, enhancing its offerings with ABB's renowned installation solutions. This strategic alliance utilized JD Martin's broad network and industry expertise to bolster the promotion of ABB's products in crucial markets.
     

This industrial liquid-tight flexible non-metallic 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

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
  • Aisa Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
  • Latin America
    • Brazil
    • Argentina
Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of industrial liquid-tight flexible non-metallic conduit was worth USD 181.4 million in 2023 and is projected to expand at 7.6% CAGR from 2024 to 2032, owing to the increasing demand for corrosion-resistant and durable conduits in industrial applications.
The industrial liquid-tight flexible non-metallic conduit market share from the 2 ½ to 3-inch trade size segment is projected to grow at over 6.5% CAGR between 2024 and 2032 due to the increasing industrial automation and expansion of the manufacturing sector.
Asia Pacific industrial liquid-tight flexible non-metallic conduit industry is anticipated to garner more than USD 145 million by 2032, on account of the rapid industrialization in key economies such as China and India.
ABB, Atkore, Anamet Electrical, Inc., Dura-Line Corporation, Electri-Flex Company, Eaton, Hangzhou EVT Electrical Co., Ltd., Hangzhou Topele Imp. & Exp. Co.,Ltd, Hubbell, among others are key players operating in the industrial liquid-tight flexible non-metallic conduit industry.

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 15
  • Countries covered: 19
  • Pages: 80
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