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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.
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.
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?
North America flexible metallic electrical conduit market is anticipated to grow at over 6.5% CAGR through 2032, as they offer excellent electromagnetic interference (EMI) shielding, making them suitable for sensitive electronic applications.
Why is the U.S. flexible electrical conduit industry expanding?
U.S. flexible electrical conduit market is anticipated to surpass USD 490 million by 2032, propelled by the ongoing expansion of infrastructure projects across sectors such as construction, transportation, and utilities.
Who are the main contenders in North America flexible electrical conduit market?
ABB, Anamet Electrical, Inc., Atkore, CANTEX INC., Electri-Flex Company, HellermannTyton, Hubbell, Kaiphone Technology Co., Ltd., LEDES, legrand, Schneider Electric, Southwire Company, LLC and Wienerberger AG.