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Liquid-Tight Flexible Metal Conduit Market Size

Report ID: GMI9434
Published Date: May 2024
Report Format: PDF

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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.

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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.

Liquid-Tight Flexible Metal Conduit Market Report Attributes
Report Attribute	Details
Base Year:	2023
Liquid-Tight Flexible Metal Conduit 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:	Expansion of smart grid networks Refurbishment & retrofit of the existing grid infrastructure. Rising peak load demand Increasing electricity demand
Pitfalls & Challenges:	Slow paced technological evolution across the developing regions

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of liquid-tight flexible metal conduit was reached USD 470 million in 2023 and will continue to rise with 8.6% CAGR through 2032, surged by increasing demand in various sectors including residential, industrial, commercial and utilities.

The liquid-tight flexible metal conduit market form the energy segment is anticipated to grow over 7.5% CAGR between 2024 and 2032, as industries requiring protection from harsh environments rely on these conduits to safeguard electrical systems.

Asia Pacific liquid-tight flexible metal conduit market is projected to be worth USD 410 million by 2032, on account of the rapid industrialization and urbanization across the region.

ABB, AF? ELEKTROMEKAN?K, Anamet Electrical, Inc., Atkore, Delikon Electric Flexible Conduit, Eaton, Eddy Group Limited, Electri-Flex Company, Heyco and Kaiphone Technology Co., Ltd. among others.