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Liquid-Tight Flexible Non-Metallic Conduit Market Size - By Trade Size (½ to 1, 1 ¼ to 2, 2 ½ to 3, 3 to 4, 5 to 6), By Application (Rail Infrastructure, Military Aerospace, Healthcare Facilities, Process Plants, Energy), By End Use & Forecast, 2024 – 2032

  • Report ID: GMI9388
  • Published Date: May 2024
  • Report Format: PDF

Liquid-Tight Flexible Non-Metallic Conduit Market Size

Liquid-Tight Flexible Non-Metallic Conduit Market size was valued at USD 501.8 million in 2023 and is anticipated to expand at a CAGR of 8% between 2024 and 2032, propelled by factors including rapid industrialization, infrastructure development, and stringent safety regulations governing electrical installations. Additionally, versatility and ease of installation of these products contribute to their growing popularity among contractors, electricians, and end-users. Moreover, the surge in infrastructure development projects worldwide, particularly in emerging economies, is fueling the need for reliable cable protection systems, thereby contributing to the market's growth trajectory.
 

Liquid-Tight Flexible Non-Metallic Conduit Market

Ongoing innovations in materials and manufacturing processes are enhancing the performance and reliability, further fuelling market expansion. For instance, in September 2023, Atkore Flexicon, has expanded its hygienic range with new UL 360 rated conduit systems and fittings including AFC UL-FG LFMC zinc-coated conduit, to meet stringent requirements for critical applications in food, pharmaceuticals, and electronics. As industries prioritize safety, efficiency, and durability in electrical installations, the market is poised for continued growth and innovation to meet evolving industry needs.
 

Liquid-Tight Flexible Non-Metallic Conduit Market Trends

The market is experiencing significant shift in widespread acceptance of LFNC conduits across diverse sectors including construction, manufacturing, telecommunications, and automotive. They are preferred over traditional metallic conduits due to lighter weight, corrosion resistance, and ease of installation, resulting in cost and time savings for contractors and end-users. Furthermore, developing eco-friendly and recyclable conduit materials, are aligning with industry efforts towards greener practices amidst rising concerns for sustainability along with hygienic standards.
 

For instance, in March 2023, Electri-Flex introduced antimicrobial properties to its Liquatite nonmetallic high-flex Type LNMP food-grade conduit. This enhancement aimed to provide an additional layer of protection against microbial growth in food processing and healthcare environments.
 

Liquid-Tight Flexible Non-Metallic Conduit Market Analysis

Liquid-Tight Flexible Non-Metallic Conduit Market Size, By Application, 2022 – 2032, (USD Million)

Based on application, the energy sector dominated the market in recent years, and is anticipated to surpass USD 290 million by 2032, fueled by its crucial role in safeguarding electrical wiring and components in the energy sector. Additionally, they ensure uninterrupted power supply and safety in power plants, substations, renewable energy installations, and transmission facilities by offering top-tier protection. These are indispensable assets in the sector, ensuring reliability, efficiency, and sustainability by withstanding harsh conditions and facilitating efficient electrical installations. Moreover, rapid modernization and expansion to meet growing demand and embrace renewable energy sources, also soaring demand in the market.
 

Liquid-Tight Flexible Non-Metallic Conduit Market Share, By End Use, 2023

Liquid-tight flexible non-metallic conduit market from industrial end use segment is set to grow at a CAGR of over 7.5% through 2032. LFNC conduits play a vital role in ensuring the safety and efficiency of electrical installations in industrial environments. With superior protection against moisture, chemicals, and physical damage, are essential for safeguarding electrical components in factories, manufacturing facilities and warehouses. Moreover, sector's emphasis on operational reliability, uptime, and safety further drives the demand. As industries modernize and expand, the demand for flexible and durable electrical wiring solutions solidifies the dominance of the industrial sector.
 

Asia Pacific Liquid-Tight Flexible Non-Metallic Conduit Market Size, 2022 - 2032,  (USD Million)

Asia Pacific Liquid-tight flexible non-metallic conduit market is projected to cross USD 410 million by 2032, propelled by rapid industrialization, urbanization, and infrastructural development across the region. As key economies including China, India, Japan, and South Korea continue to invest heavily in energy infrastructure, the demand for LFNC conduits surges. Additionally, stringent regulatory standards for electrical safety and growing awareness of the benefits of LFNC conduits contribute to market growth. For instance, in May 2023, Atkore integrated an FDA-approved gasket into its stainless-steel conduit body sets, which ensured compliance with regulatory standards.
 

U.S. LFNC conduit market is driven by stringent safety regulations, infrastructure upgrades, and increasing adoption in industries like construction, manufacturing, and utilities. With a focus on reliability and efficiency, LFNC conduits are widely used to protect electrical wiring in commercial and industrial applications. Presence of key players and technological advancements further propels market growth.
 

Liquid-Tight Flexible Non-Metallic Conduit Market Share

Liquid-Tight Flexible Non-Metallic Conduit Market Share Analysis, 2023

Few key players in the market include Thomas & Betts Corporation, AFC Cable Systems, and Electri-Flex Company. These companies are prominent players due to their extensive product portfolios, strong distribution networks, established brand reputation, and focus on innovation and customer service. Additionally, their adherence to quality standards and compliance with regulatory requirements further contribute to their dominance in the LFNC electrical conduit market.
 

Liquid-Tight Flexible Non-Metallic Conduit Market Companies

Some of the key market players operating across the liquid-tight flexible non-metallic conduit industry are:

  • ABB
  • Anamet Electrical, Inc.
  • Atkore
  • Champion Fiberglass, Inc.
  • Dura-Line Corporation
  • Eaton
  • Electri-Flex Company
  • Hubbell
  • IPEX USA LLC.
  • Kaiphone Technology Co. Ltd.
  • Legrand
  • Southwire Company, LLC.
  • Thomas & Betts Corporation
  • Zhejiang Flexible Technology Co., Ltd.
     

Liquid-Tight Flexible Non-Metallic Conduit Industry News

  • In October 2022, Southwire introduced a new line of spring steel fasteners and supports, available for immediate shipping. The announcement highlighted Southwire's commitment to meeting customer demand with innovative solutions. The newly launched product line aimed to provide efficient and reliable solutions for various electrical installation needs.
     
  • In May 2022, JD Martin announced its representation of ABB Installation Products, expanding its portfolio with ABB's acclaimed range of installation solutions. This strategic partnership leveraged JD Martin's extensive network and expertise to promote ABB's products across key markets.
     

The liquid-tight flexible non-metallic 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

 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of Liquid-tight flexible non-metallic conduit reached USD 501.8 million in 2023 and will register 8% CAGR between 2024 and 2032, propelled by rapid industrialization, infrastructure development, and stringent safety regulations governing electrical installations.

The energy segment is anticipated to surpass USD 290 million by 2032, fueled by its crucial role in safeguarding electrical wiring and components in the energy sector.

Asia Pacific market is projected to cross USD 410 million by 2032, owing to rapid industrialization, urbanization, and infrastructural development across the region.

ABB, Anamet Electrical, Inc., Atkore, Champion Fiberglass, Inc., Dura-Line Corporation, Eaton, Electri-Flex Company, Hubbell, IPEX USA LLC., Kaiphone Technology Co. Ltd., Legrand, Southwire Company, LLC., Thomas & Betts Corporation and Zhejiang Flexible Technology Co., Ltd.

Liquid-Tight Flexible Non-Metallic Conduit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 20
  • Countries covered: 19
  • Pages: 100
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