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North America Liquid-Tight Flexible Non-Metallic Conduit Market Analysis

  • Report ID: GMI10691
  • Published Date: Aug 2024
  • Report Format: PDF

North America Liquid-Tight Flexible Non-Metallic Conduit Market Analysis

The energy sector is expected to exceed USD 35 million by 2032. This growth is driven by several key factors, including the increasing demand for reliable and efficient power infrastructure, the expansion of renewable energy projects, and the need for upgraded electrical grids to support the transition to sustainable energy sources. Additionally, government initiatives and investments in modernizing the energy sector, coupled with technological advancements in LFNC solutions, are propelling market growth.
 

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

The industrial end-use application of North American liquid tight flexible non-metallic conduit market is expected to grow at a CAGR of over 7% through 2032, fueled by the increasing need for robust and flexible conduit systems in industrial settings, where they are essential for protecting electrical wiring in challenging environments. Additionally, the rising focus on safety and regulatory compliance, advancements in conduit technology, and the growing adoption of automation and smart manufacturing processes contribute to the market's expansion.
 

U.S. Liquid-Tight Flexible Non-Metallic Conduit Market Size, 2022 - 2032, (USD Million)

The U.S. liquid tight flexible non-metallic conduits market is expected to surpass USD 125 million by 2032. This growth is mainly due to the increasing need for strong conduit systems in industrial areas, where they protect electrical wiring in tough conditions. For instance, according to the U.S. Department of Labor, workplace safety regulations have become stricter, pushing companies to adopt better protective systems. Additionally, new conduit technologies, more automation and smart manufacturing, and large investments in infrastructure projects are driving the market forward.
 

The U.S. conduit market experiences momentum from strict safety regulations, ongoing infrastructure enhancements, and rising demand across sectors such as construction, manufacturing, and utilities. LFNC conduits, favored for their reliability and efficiency, dominate the safeguarding of electrical wiring in both commercial and industrial settings. Moreover, the market benefits from the strong presence of industry leaders and continuous technological innovations.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America liquid-tight flexible non-metallic conduit was worth over USD 91.5 million in 2023 and is set to exhibit about 7.7% CAGR through 2032, due to demand for versatile and durable conduit solutions.

North America liquid-tight flexible non-metallic conduit market share from energy application is set to surpass USD 35 million by 2032, fueled by rising demand for efficient power infrastructure, renewable energy projects, and upgraded grids.

The U.S. liquid-tight flexible non-metallic conduits market is projected to exceed USD 125 million by 2032, driven by the rising demand for durable conduit systems in industrial settings.

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

North America Liquid-Tight Flexible Non-Metallic Conduit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 10
  • Countries covered: 3
  • Pages: 90
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