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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.
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.