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Liquid-Tight Flexible Metal Conduit Market Size
Liquid-Tight Flexible Metal Conduit Market was valued at USD 470 million in 2023 and is projected to record over 8.6% CAGR from 2024 to 2032, surged by increasing demand in various sectors including residential, industrial, commercial and utilities. Additionally, innovations in material technology and product design are enhancing the durability, flexibility, and performance of liquid-tight flexible metal conduits, broadening their applications across various industries.
Rising awareness about safety standards and regulations, coupled with the expansion of infrastructure projects worldwide, further fuels market expansion. As industries continue to prioritize safety and reliability of electrical systems, the market is poised for continued growth and innovation in the coming years.
Report Attributes | Details |
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Base Year: | 2023 |
Market Size in 2023: | USD 470 Million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 8.6% |
2032 Value Projection: | USD 1.01 Billion |
Historical Data for: | 2021 to 2023 |
No. of Pages: | 110 |
Tables, Charts & Figures: | 20 |
Segments covered: | Trade Size, Application and End Use |
Growth Drivers: |
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Pitfalls & Challenges: |
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Liquid-Tight Flexible Metal Conduit Market Trends
The conduit industry is experiencing increasing adoption of the LFMC conduits across diverse industries including manufacturing, construction, automotive, and telecommunications due to their ability to provide reliable protection for electrical wiring in harsh environments. Additionally, rising emphasis on safety standards and regulations, prompting industries to prioritize the use of conduits that meet stringent requirements. In May 2023, Atkore incorporated its stainless-steel conduit body sets with an FDA-approved gasket, ensuring adherence to regulatory standards and broadening the utility of its products, especially in industries with rigorous sanitary demands. As infrastructure projects continue to expand globally, demand is expected to remain strong, driving market growth and innovation in the foreseeable future.
Liquid-Tight Flexible Metal Conduit Market Analysis
Based on trade size, the 2 ½ to 3 sizes liquid-tight flexible metal conduit segment is projected to exceed USD 270 million by 2032. These units strike a balance between flexibility and rigidity along with sufficient structural integrity, making it suitable for a wide range of applications across industries. Additionally, it is commonly used in standard electrical installations, making it readily available and familiar to contractors and installers. Furthermore, it offers competitive price point compared to larger or smaller options, appealing to cost-conscious buyers without compromising on quality or performance. Its versatility and widespread use in standard installations make it a preference for cost-conscious buyers, offering both flexibility and rigidity.
Based on applications, liquid-tight flexible metal conduit market from energy sector is anticipated to witness more than 7.5% CAGR through 2032. Industries requiring protection from harsh environments rely on these conduits to safeguard electrical systems, ensuring safety and integrity. Furthermore, stringent safety standards and regulations necessitate the use of high-quality conduits that meet industry requirements, further reinforcing the dominance of this segment in the market.
Asia Pacific liquid-tight flexible metal conduit market is projected to surpass USD 410 million by 2032, on account of the rapid industrialization and urbanization across the region. Rapidly growing automotive and electronics industries require reliable wiring protection solutions, further boosting the demand. Moreover, Asia Pacific's proactive approach towards adopting advanced technologies and regulatory standards in electrical safety and infrastructure development fuels market expansion.
U.S. market trends in liquid-tight flexible metal conduits reflect a focus on safety compliance, driven by stringent regulations. Increasing adoption of renewable energy and electrification in transportation fuels demand. Construction sector expansion, coupled with technological advancements in materials and design, contributes to market growth. Additionally, the shift towards smart buildings drives innovation in wiring protection solutions.
Liquid-Tight Flexible Metal Conduit Market Share
ABB holds a substantial market share in the liquid-tight flexible metal conduits market due to its extensive product portfolio, global presence, and reputation for quality and reliability. ABB's innovative solutions cater to diverse industrial applications, meeting stringent safety standards. Its commitment to technological advancement and customer satisfaction further solidifies its position as a market leader in wiring protection solutions.
Liquid-Tight Flexible Metal Conduit Market Companies
Some of the major liquid-tight flexible metal conduit industry players are:
- ABB
- AF? ELEKTROMEKAN?K
- Anamet Electrical, Inc.
- Atkore
- Delikon Electric Flexible Conduit
- Eaton
- Eddy Group Limited
- Electri-Flex Company
- Heyco
- Kaiphone Technology Co., Ltd.
- PDU Cables
- Southwire Company, LLC.
- Techno Flex
- Thomas & Betts Corporation
- Zhejiang Flexible Technology Co., Ltd.
Liquid-Tight Flexible Metal Conduit Industry News
- In February 2023, Atkore, a leading provider of electrical products, introduced PVC conduit for enhanced wiring solutions. The conduit, designed for both indoor and outdoor applications, offered durability and protection for electrical systems. Its innovative features facilitated easy installation and ensured long-term performance. Atkore's PVC conduit aimed to meet the evolving needs of electrical contractors, enhancing efficiency and safety in various projects.
- In May 2022, JD Martin revealed its representation of ABB Installation Products, enhancing its portfolio with ABB's renowned array of installation solutions. This strategic alliance capitalized on JD Martin's broad network and proficiency to advance ABB's products in pivotal markets. Prioritizing outstanding service and assistance, JD Martin adeptly highlighted ABB's inventive offerings to its customer base.
This liquid-tight flexible metal 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
Market, By Application
- Rail infrastructure
- Military Aerospace
- Healthcare Facilities
- Process Plants
- Energy
- Others
Market, By End Use
- Residential
- Commercial
- Industrial
- Utility
The above information has been provided for the following countries:
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Latin America
- Brazil
- Argentina
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