Utility Scale Flexible Electrical Conduit Market Size - By Trade Size, By Configuration, Growth Forecast 2024 – 2032

Utility Scale Flexible Electrical Conduit Market Size

The global utility scale flexible electrical conduit market size was valued at USD 362.6 million in 2023 and is estimated to grow at a CAGR of 8.7% from 2024 to 2032. Infrastructure expansion and inclusion of renewable resources for energy generation is the main reason for the growth predicted. With the movement toward sustainable sources of energy focusing primarily in solar and wind, the more robust and adaptable flexible conduits are required. U.S. EIA states that renewable energy resources accounted for nearly 20% electricity generation in the U.S. in the year 2021, which signifies a growth in the sector.
 

Advancements in electric vehicles and their support systems such as smart grids also accelerate the market expansion. There is also a focus on integration of electrical safety measures and modernization of outdated electrical power systems which address the demand. There is a tendency to use conduits for heavy electrical works in installations aimed at large-scale distributions because of the protection they offer from damage to wiring, moisture, and corrosion in utility instalments.

Utility Scale Flexible Electrical Conduit Market Trends

The flexible electrical conduit industry for utility scale is growing with the increase in infrastructure development in renewable energy such as solar and wind power. The International Energy Agency Renewables 2022 report claims that between 2022 and 2027, the worldwide renewable power capacity is estimated to increase by 2400 GW, which is equivalent to the entire power capacity of China as of today. This strengthens the need for flexible electrical conduits, because these will be necessary in complex cabling systems. The market is moving to light weight, non-corrosive, and non-combustible materials, particularly for conduits made from non-metallics with conduits for severe conditions.
 

The market growth is underscored by improvements in technology related to the production of conduits, which make them more flexible and durable. Stringent electrical safety regulations and energy efficiency standards have also contributed to innovation and use of flexible conduits in wider utility scale applications.
 

Utility Scale Flexible Electrical Conduit Market Analysis

These 2 ½ to 3 trade sizes electrical conduits are flexible in nature and remain one of the most deployed across utility segments in current days, with projections of sales exceeding 190 million USD by 2032. The expectations for future investments in utility infrastructure enable these conduits to project reliable sales figures. Also, the increasing demand for electrical systems and the switch to flexible conduits for better durability and easier installation in harsh environments provides conduits a growth scenario. Moreover, the renewable energy business growth coupled with the necessary upgrades of power transmission and distribution requiring flexible conduits within this size range increases their demand further.
 

The utility scale flexible electrical conduit market from flexible metallic conduits is expected to grow above 7.5% CAGR through 2032, owing to their soaring demand across industries including oil & gas and others. This can be attributed to the unique features of these conduits i.e their extreme ruggedness, high temperature tolerance, and strong protection in hostile environments. Also, the flexibility of these conduits simplifies installation in complex or confined spaces thereby reducing labor costs and improving efficiency. Furthermore, the increase in focus on the infrastructure resiliency and the need for a reliable utility electrical systems increases the demand to a whole new range.
 

Fueled by infrastructural development, integration of renewable energy, as well as regulatory support, the US utility-scale flexible electrical conduits market is expected to grow beyond USD 90 million by the year 2032. Due to relatively high demand, robust electrical distribution solutions will be needed, and this explains why the U.S. Department of Energy Grid Deployment Office has allocated USD 10.5 billion to boost grid resilience and reliability. The emphasis on energy efficiency, material safety, and innovations in technology serve to catalyze conduit market expansion, thereby boosting the utility scale flexible electrical conduits industry within the borders of US.
 

The Asia Pacific utility scale flexible electrical conduit market will also benefit from industrial growth, growing energy needs, and increased infrastructure growth in renewable energy projects. Government policies supporting and investing into smart grids and improving existing transmission and distribution networks also propel growth. Moreover, the global trend of urbanization along with the need to use flexible conduits in retrofitting harsh environments also increase demand.
 

Utility Scale Flexible Electrical Conduit Market Share

Atkore possesses a considerable proportion of the market of utility-scale flexible electrical conduits owing to its broad range of products and contact in the world. Its products meet the needs of major energy projects for smart grids and renewable energy. Also, Atkore's strategy to focus on robust high-performance conduits for harsh environments aids it in consolidating its position in this developing market segment.
 

Utility Scale Flexible Electrical Conduit Market Companies

Some of the key players operating across the utility scale flexible electrical conduit industry are:

• Anamet Electrical
• ABB
• Atkore
• Afi Elektromekanik
• Bahra Electric
• Delikon Electric Flexible Conduit
• Dongguan FlexGlory Machinery Accessories
• Eddy Group
• Electri-Flex Company
• HellermannTyton
• Kaiphone Technology
• Southwire Company
• Shanghai Weyer Electric
• United Power
• Whitehouse Flexible Tubing
   

Utility Scale Flexible Electrical Conduit Industry News

• In March 2024, Atkore Flexicon enhanced its retrofit solutions with the addition of hinged fittings and locknuts that are easier to install onto existing wiring without requiring significant changes. These fittings encase cables and protect them from Ultraviolet (UV) damage and vermin. These fittings are available in several sizes that fit Atkore's divisible conduits and have a simple hinge for easy installation. Their non- metallic construction makes them useful in applications such as solar installations because they do not corrode.
   
• In October 2022, Southwire introduced its new range of spring steel supports and fasteners. This range is reliable for numerous electrical installations and attends to clients’ concerns. The step helps in deepening Southwire's foothold in the market of electrical products as a major quality supplier.
   

This utility scale 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 2021 to 2032, for the following segments:

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Market, By Trade Size

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

Market, By Configuration

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

The above information has been provided for the following countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
• Latin America
  • Brazil
  • Argentina