Home > Energy & Power > Wire and Cable > Power Cable > North America Flexible Electrical Conduit Market
North America Flexible Electrical Conduit Market was valued at USD 351 million in 2023 and is estimated to grow at a CAGR of 7.6% from 2024 to 2032, primarily driven by factors including increasing infrastructure development, rising demand for energy-efficient solutions, stringent regulations promoting safety standards, advancements in construction technologies, and the expansion of industrial sectors requiring flexible wiring solutions.
As per U.S. Bureau of Economic Analysis, construction industry constituted 4% of the overall GDP of the nation in Q1 2023, which is further anticipated to grow in the coming years. Additionally, the growing adoption of smart buildings and the integration of renewable energy sources further fuel market growth.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
North America Flexible Electrical Conduit Market Size in 2023: | USD 351 Million |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 7.6% |
2032 Value Projection: | USD 690.8 Million |
Historical Data for: | 2019 - 2023 |
No. of Pages: | 170 |
Tables, Charts & Figures: | 188 |
Segments covered: | Trade Size, Classification, Application, End Use |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The North America flexible electrical conduit industry is witnessing a substantial growth owing to several emerging trends. There is a growing preference for flexible conduit solutions due to their versatility and ease of installation. Increasing emphasis on sustainability is driving demand for conduit materials with eco-friendly properties. Advancements in technology are leading to the development of smart conduit systems with integrated sensors for monitoring purposes. Additionally, there is a rising adoption of corrosion-resistant conduit materials, particularly in harsh industrial environments, to ensure long-term durability and reliability.
Based on trade size, the 2 ½ to 3 trade size conduits hold a substantial market share and are projected to grow over USD 190 million by 2032. The units provide ample space for accommodating larger bundles of wires and cables, ensuring efficient wiring installations with reduced congestion. Additionally, their larger diameter allows for easier routing around obstacles and through complex pathways. These conduits provide enhanced flexibility, durability, and protection for electrical wiring systems, making them suitable for industrial, commercial, and residential applications requiring robust and reliable conduit solutions.
North America flexible electrical conduit market from Flexible Metallic (FMC) classification is anticipated to grow at a CAGR of over 6.5% through 2032. Flexible Metallic (FMC) electrical conduits offer distinct advantages over other flexible conduit classifications. Their metal construction provides superior durability and protection against mechanical damage, corrosion, and fire hazards compared to non-metallic options. FMC conduits also offer excellent electromagnetic interference (EMI) shielding, making them suitable for sensitive electronic applications. Additionally, their flexibility allows for easier installation in tight spaces and around obstacles, ensuring efficient and reliable electrical wiring systems in various industrial, commercial, and residential settings.
The U.S. flexible electrical conduit market is likely to surpass USD 490 million by 2032, fuelled by the ongoing expansion of infrastructure projects across sectors such as construction, transportation, and utilities. The increasing adoption of advanced technologies, such as smart buildings and renewable energy integration, further fuels growth. As per U.S. Department of Energy (DOE), in 2022, renewable energy generation in the U.S. exceeded coal for the first time. Solar energy generation is forecasted to rise by 75%, and wind by 11% by 2025, which in turn creates a growth scenario for the technology. Moreover, the surge in data center construction and the trend towards energy efficiency drive the demand for flexible conduit solutions in the U.S. market.
Schneider Electric stands out as one of the major players in the North America flexible electrical conduit industry. Renowned for its innovative solutions and global presence, Schneider Electric offers a wide range of flexible conduit products catering to various industries. With a strong emphasis on quality and reliability, Schneider Electric continues to be a leading choice for flexible wiring solutions in the region.
Some of the prominent key players operating across the North America flexible electrical conduit industry are:
Click here to Buy Section of this Report
Market, By Trade Size
Market, By Classification
Market, By Application
Market, By End Use
The above information has been provided for the following countries: