Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Size - By Trade Size (½ to 1, 1 ¼ to 2, 2 ½ to 3, 3 to 4, 5 to 6), Regional Outlook & Growth Forecast, 2024 – 2032

Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Size

The commercial liquid-tight flexible non-metallic conduit market was valued at USD 158.4 million in 2023 and is projected to grow at a CAGR of 7.7% by 2032. This growth is supported by the rise in the need for versatile and long-lasting wiring options in commercial building projects alongside the rapid expansion of infrastructure development activities.
 

In addition, strict fire safety regulations and the use of improved materials and technology for conduits also provide aid towards having a stronger foundation for the benefits and protection of the electrical systems. Furthermore, the increasing integration of renewable energy systems and smart buildings coupled with the demand for more efficient and compact wiring systems are increasing the market for liquid-tight flexible non-metallic conduits.

Furthermore, the market is also expanding with constant innovations in the materials and methods among commercial conduits. In September 2023, Atkore Flexicon developed new conduit systems and fittings rated at UL 360 along with zinc-coated conduits for more demanding applications in food, pharmaceuticals, and electronics industries. As companies focus more on system safety, efficiency, and the enduring nature of electrical installations, there will be continued growth and innovation in this sector of the market.
 

Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Trends

The liquid-tight flexible non-metallic conduit industry is expanding rapidly due to an increase in needs for strong wiring in commercial construction systems. Additionally, growing safety standards as well as the need for flexible, corrosion resistant, waterproof conduits are boosting the market. Changes in material technology that increase durability and ease of installation are also important market trends. Additionally, the expansion of renewable energy projects and development of smart buildings are opening new possibilities that are most likely to be used in urban areas of North America and Asia-Pacific which are heavily investing in infrastructure.
 

Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Analysis

The market for commercial LFNC (liquid tight flexible non-metallic conduit) is projected to exceed USD 315 million by the year 2032, due to robust demand in the market. In North America, infrastructure spending as well as the level of construction technology are determining factors. Europe witnesses’ growth owing to the compliance of regulatory standards for electrical installations and an increased emphasis on safety.
 

The economic industrialization, urbanization and the expansion of manufacturing base are favourable for the Asia Pacific region. Meanwhile in Latin America, infrastructure expansion and modernization of electrical grids are the main market drivers. Moreover, in the Middle East and Africa, growth comes from increasing development investment in construction and renewable energy projects.
 

The commercial liquidtight flexible non-metallic conduit (LFNC) market is anticipated to expand significantly, with a forecasted CAGR growth of more than 6% through 2032, particularly in the 2 ½ to 3 inch trade size range. The growth is propelled from the demand for flexible, easily adjustable and durable wiring, changes in construction innovation, and the adoption of smart building infrastructure. Moreover, sophisticated regulatory measures regarding the safety and commercial electrical systems are also driving the use of these products. Improved strength and simplified installation are also major contributors to the expanding growth of the market.

The Asia Pacific commercial LFNC market is expected to reach over USD 125 million by the year 2032, fueled by construction developments, increased urban population, and heightened safety and efficiency of electrical devices. For instance, the World Bank forecasted that by 2023 India will have approximately one-third of the population resided within its cities. Moreover, this market is expanded due to the improvements in construction technologies and increased industrial automation. Increased emphasis on sustainability and eco-friendly construction materials alongside regulated safety standards also aid the LFNC market due to enhanced safety requirements for electrical installations.
 

The U.S. commercial liquid tight flexible non-metallic conduit industry is expanding due to several primary drivers. These include increased adoption in construction projects due to its flexibility and durability, increased need for reliable cable protection in industrial use, safety regulations encouraging its use, and new materials improving performance and life, contributing to market growth and development.
 

Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Share

Atkore International is one of the key market players in the commercial liquid tight flexible non-metallic conduit industry due to their vast product range which covers high-quantity conduits for different industries and construction applications. Further, Atkore's well-established distribution channels and focus on novel products ensure that they stay a step ahead of their competitors, gaining customers’ trust and growing the market in this important subsector of electrical infrastructure solutions.
 

Commercial Liquid-Tight Flexible Non-Metallic Conduit Market Companies

Some of the key market players operating across the commercial liquid-tight flexible non-metallic conduit industry are:

• ABB
• Atkore
• Anamet Electrical, Inc.
• Dura-Line Corporation
• Electri-Flex Company
• Eaton
• Hangzhou EVT Electrical Co., Ltd.
• Hangzhou Topele Imp. & Exp. Co.,Ltd
• Hubbell
• IPEX USA LLC.
• Kaiphone Technology Co. Ltd.
• Legrand
• Shanghai Weyer Electric Co., Ltd.
• Southwire Company, LLC.
• Techno Flex
• Thomas & Betts Corporation
• Zhejiang Flexible Technology Co., Ltd.
   

Commercial Liquid-Tight Flexible Non-Metallic Conduit Industry News

• In May 2022, JD Martin announced a partnership with ABB Installation Products, LLC in order to expand its product range with ABB’s world-class installation products. This collaboration took advantage of JD Martin’s solid connections and experience in the industry to strengthen the marketing and selling efforts of ABB’s products in important geographies.
   

The commercial liquid-tight flexible non-metallic 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

The above information has been provided for the following regions and countries:

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