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

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

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

North America Liquid-Tight Flexible Non-Metallic Conduit Market was valued at USD 91.5 million in 2023 and is expected to register about 7.7% CAGR between 2024 and 2032. This growth is driven by increasing demand for versatile and durable conduit solutions in various sectors, including construction, automotive, and industrial applications. Additionally, the emphasis on enhanced safety standards and regulatory compliance is pushing the demand for liquid-tight solutions, as they offer superior protection against environmental factors and mechanical damage.

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Rising construction activities and infrastructure development, coupled with advancements in materials technology, are boosting the adoption of non-metallic conduits. In September 2023, Atkore Flexicon expanded its hygienic range by introducing a new conduit systems and fittings with UL 360 rating. This new product is designed to meet the stringent requirements of critical applications in the food, pharmaceutical, and electronics industries, which in turn will drive the product penetration globally.

North America Liquid-Tight Flexible Non-Metallic Conduit Market Report Attributes
Report Attribute	Details
Base Year:	2023
North America Liquid-Tight Flexible Non-Metallic Conduit Market Size in 2023:	USD 91.5 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	7.7%
2032 Value Projection:	USD 181.4 Million
Historical Data for:	2021 - 2023
No. of Pages:	90
Tables, Charts & Figures:	10
Segments covered:	Trade Size, Application, End Use
Growth Drivers:	Expansion of smart grid networks Refurbishment & retrofit of the existing grid infrastructure. Integration of a sustainable energy infrastructure
Pitfalls & Challenges:	Slow-paced technological evolution across developing regions

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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.