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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.
What is the size of liquid-tight flexible metal conduit market?
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.
Why is the demand for liquid-tight flexible metal conduit growing across the energy sector?
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.
How big is Asia Pacific liquid-tight flexible metal conduit industry?
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.
Who are the major contenders in liquid-tight flexible metal conduit industry?
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.