Commercial Liquid-Tight Flexible Metal Conduit Market
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The global commercial liquid-tight flexible metal conduit market in 2023, reached a value of USD 148.4 million, with a projected CAGR of 8.3% through 2032. This growth is propelled by a higher need for safe electrical infrastructure in commercial buildings, technological improvement in conduits’ designs, and an increasing use of conduits in flexible form across industrial applications.
Additionally, the market is being driven by an increase in focus on energy efficiency and the ever-growing need to mitigate environmental exposures. As stated by the U.S. Department of Energy, commercial buildings consume 36% of the total electricity usage in the country, indicating the dire need for efficient electrical infrastructure. The enhanced regulatory standards and building codes that require premium quality electrical conduits are also driving the growth of liquid-tight flexible metal conduits in the commercial sector.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Commercial Liquid-Tight Flexible Metal Conduit Market size in 2023: | USD 148.4 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 8.3 |
| 2023 Value Projection: | USD 311.7 Million |
| Historical Data for: | 2021 to 2023 |
| No of Pages: | 80 |
| Tables, Charts & Figures: | 15 |
| Segments Covered: | Trade Size |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The growth of the market for commercial liquid-tight flexible metal conduits is propelling at an accelerated pace because of the rising need for robust electrical conduit systems. Improvements in material technology that increase flexibility and durability, as well as broader applications in construction, industrial, and utility sectors, are key trends. As per the projections provided by the Census Bureau of the United States, the construction spending in the U.S. was USD 1.6 trillion in 2023, which is indicative of growth in the sector.
Especially, new infrastructure developments and urbanization in emerging countries are the most important factors for growth in this market. These conduits must also be used in order to adhere to strict safety regulations. Additionally, the growing usage of smart technologies and IoT in building systems is fueling growth. Companies are shifting towards the use of sustainable materials and aspirational designs to adapt to changing market expectations and sustainability objectives.
By the year 2032, market worldwide is expected to reach USD 311 million. The growth of North America is as a result of having more construction and infrastructure works. In Asia Pacific, the growth has been prompted due to the increase in industrial and urban constructions. The European markets are growing due to the very strict safety regulations. In Latin America, there is an increase in the demand for better protection of electrical wiring. Middle East and African countries are experiencing growth due to increased investment in smart grid projects. These regions, in conjunction with emerging technology and a shift towards more reliable, durable conduits, will see substantial growth in the upcoming years.
The commercial liquid-tight flexible metal conduit market is foreseen to yield great growth with an anticipated CAGR of more than 7% during the forecast period till 2032, particularly in the range of 2 ½ to 3 inch trade sizes. This is being driven by the increased penetration of commercial buildings against the backdrop of evolving construction needs and the ever growing need for rugged, flexible conduits for various industrial uses. Moreover, increased concern for safety and the growing trend of smart buildings are also pushing the market to ensure maximum protection towards the electrical components and systems.
The Asia Pacific commercial liquid-tight flexible metal conduit market is expected to reach over USD 125 million in revenue by the year 2032. This expansion is largely attributed to the growing demand for durable electrical wiring in the commercial and industrial segments.
In addition, the increasing use of automation and smart technologies in industries highlights the need for better electrical system protection, which further drives the demand for LFMC. The Asian Development Bank voices that it is projected that the level of urbanization in the Asia Pacific region will increase to 64% by 2030. Furthermore, infrastructure spending is expected to require USD 1.7 trillion each year until 2030. These are crucial since both new buildings and existing ones undergoing renovation need a reliable conduit system to ensure electrical safety and efficiency.
The expansion of the U.S. commercial liquid-tight flexible metal conduit market is the result of improved construction activities, increasing construction expenditures, the demand for more secure and flexible rigid conduits, and tighter safety measures. Moreover, the market is fueled by expanding renewable energy projects coupled with a greater need for heavy-duty construction electrical works.
With its industry-leading portfolio of products, unmatched reputation, and innovative safety-compliant solutions, ABB holds a key position in the market. Also, their continuous pursuit of technological development puts them as a frontrunner in customer satisfaction in the market of wiring protection solutions for commercial applications.
Some of the key market players operating across the commercial liquid-tight flexible metal conduit industry are:
Market, By Trade Size
The above information has been provided for the following regions and countries:
Atkore, Anamet Electrical, Inc., AF? ELEKTROMEKAN?K, ABB, Delikon Electric Flexible Conduit, Eddy Group Limited, Eaton, Electri-Flex Company, and Heyco among others.
The 2
Asia Pacific market is projected to exceed USD 125 million by 2032, fueled by surging need for resilient electrical wiring solutions in commercial and industrial sectors.
The market size of commercial liquid-tight flexible metal conduit reached USD 148.4 million in 2023 and is set to witness 8.3% CAGR through 2032, fueled by rising demand for safe and durable electrical infrastructure.