Home > Energy & Power > Wire and Cable > Power Cable > Industrial Liquid-Tight Flexible Non-Metallic Conduit Market

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Analysis

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

Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Analysis

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

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)

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.

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

Buy Now


Premium Report Details

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