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Liquid-Tight Flexible Non-Metallic Conduit Market Trends

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

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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.

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.