Market research reports, consulting: Global Market Insights Inc.

North America Flexible Electrical Conduit Market Size - By Trade Size (½ to 1, 1 ¼ to 2, 2 ½ to 3, 3 to 4, 5 to 6), By Classification, By Application, By End Use (Residential, Commercial, Industrial, Utility), Country Outlook & Forecast, 2024 – 2032

Report ID: GMI8781
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Published Date: April 2024
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Report Format: PDF

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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.
 

North America Flexible Electrical Conduit Market

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.
 

North America Flexible Electrical Conduit Market Trends

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.
 

North America Flexible Electrical Conduit Market Analysis

North America Flexible Electrical Conduit Market Size, By Trade Size, 2022 – 2032 (USD Million)

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 Revenue Share, By Classification, 2023

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.
 

U.S. Flexible Electrical Conduit Market Size, 2022 – 2032 (USD Million)

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.
 

North America Flexible Electrical Conduit Market Share

North America Flexible Electrical Conduit Company Market Share Analysis, 2023

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.
 

North America Flexible Electrical Conduit Market Companies

Some of the prominent key players operating across the North America flexible electrical conduit industry are:

  • ABB
  • Anamet Electrical, Inc.
  • Atkore
  • CANTEX INC.
  • Electri-Flex Company
  • HellermannTyton
  • Hubbell
  • Kaiphone Technology Co., Ltd. 
  • LEDES
  • legrand
  • Schneider Electric
  • Southwire Company, LLC.
  • Wienerberger AG
     

North America Flexible Electrical Conduit Industry News

  • In May 2023, ABB unveiled a new distribution hub in Pennsylvania, USA, worth USD 4 million. This cutting-edge facility will cater to the electrical needs of the Northeast region, boasting a USD 15 million inventory to meet escalating demand for dependable electrical products. By bolstering its footprint in the Northeast, ABB aims to enhance customer service, foster growth, and broaden its clientele.
     
  • In March 2020, Atkore International introduces the innovative KoreFlex flexible conduit range, offering versatile solutions for diverse electrical installations. The new product line enhances flexibility and durability, catering to various applications. This launch signifies Atkore's commitment to providing high-quality conduit solutions to meet evolving industry needs.
     

This North America flexible electrical conduit market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2019 to 2032, for the following segments:

Market, By Trade Size

  • ½ to 1
  • 1 ¼ to 2
  • 2 ½ to 3
  • 3 to 4
  • 5 to 6
  • Others

Market, By Classification

  • Flexible Metallic (FMC)
  • Liquid-Tight Flexible Metal (LFMC)
  • Flexible Metallic Tubing (FMT)
  • Liquid-Tight Flexible Non-Metallic (LFNC)

Market, By Application

  • Rail infrastructure
  • Manufacturing facilities
  • Shipbuilding & offshore facilities
  • Process plants
  • Energy
  • Others

Market, By End Use

  • Residential
  • Commercial
  • Industrial
  • Utility

The above information has been provided for the following countries:

  • U.S.
  • Canada
  • Mexico

 

Authors: Ankit Gupta, Vishal Saini
Frequently Asked Question(FAQ) :
How big is the North America flexible electrical conduit market?
The market size of North America flexible electrical conduit was reached USD 351 million in 2023 and is estimated to grow at 7.6% CAGR up to 2032, driven by increasing infrastructure development, rising demand for energy-efficient solutions and stringent regulations promoting safety standards.
Why is the use of flexible metallic electrical conduit growing in North America?
Why is the U.S. flexible electrical conduit industry expanding?
Who are the main contenders in North America flexible electrical conduit market?
North America Flexible Electrical Conduit Market Scope
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    Base Year: 2023

    Companies covered: 13

    Tables & Figures: 188

    Countries covered: 3

    Pages: 170

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