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Flexible Electrical Conduit Market Trends

  • Report ID: GMI5923
  • Published Date: Jun 2023
  • Report Format: PDF

Flexible Electrical Conduit Market Trends

The flexible electrical conduit market has been witnessing a substantial rise in demand due to the growing infrastructure and construction projects globally. Rising concerns toward safety and fire protection in residential, commercial and industrial sectors have proliferated the industry outlook. Continuous technological advancements in materials, manufacturing processes, and design have led to the development of more advanced and efficient flexible conduit systems. These advancements offer enhanced features such as improved flexibility, durability, and ease of installation, which further drive market growth.
 

Furthermore, the need for upgrading and modernizing existing electrical infrastructure through retrofit and renovation projects drives the demand for flexible electrical conduit systems. These systems provide a flexible and adaptable solution for incorporating new wiring installations or replacing outdated systems, thereby fuelling the market growth.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of flexible electrical conduit reached valuation of USD 1.7 billion in 2023 and is anticipated expand at 8.3% CAGR during 2024 to 2032 owing to the ongoing development of electrical infrastructure and upgradation of current grid networks.

The demand for liquid-tight flexible metal (LFMC) is projected to attain 8.5% gains between 2023 and 2032 due to the rising adoption in the construction industry.

Asia Pacific flexible electrical conduit business will witness 9% growth rate till 2032, driven by the ongoing industrialization, and commercialization across countries including China, India, Japan, and others

Some of the leading industry players are ABB, Hubbell, Anamet Electrical, Inc., CANTEX INC., Schneider Electric, Electri-Flex Company, HellermannTyton, legrand, Wienerberger AG, Southwire Company, LLC., and Atkore

Flexible Electrical Conduit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 524
  • Countries covered: 19
  • Pages: 395
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