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Industrial 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 & Forecast, 2024 – 2032
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Industrial Liquid-Tight Flexible Non-Metallic Conduit Market
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Base Year: 2023
Companies covered: 17
Tables & Figures: 15
Countries covered: 19
Pages: 80
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Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Size
The global industrial liquid-tight flexible non-metallic conduit market size valued at USD 181.4 million in 2023, is anticipated to grow at a CAGR of 7.6% by 2032. The market is primarily driven by the rising demand for corrosion resistant and long-lasting conduits in industrial sector, increased infrastructure investment, as well as new safety regulations.
Moreover, the adoption of automation and smart technology in industries leads to specialized conduit needs for complex wiring. The growth in renewable energy projects, greater emphasis on green development, and improvement in the conduit materials and manufacturing technology also add to strengthen the market growth, creating a steady demand for these conduits in the future.
Moreover, continuous development in technologies as well as in materials is also boosts growth of the market. For instance, Atkore Flexicon, in September 2023, launched new conduit systems and fittings together with zinc electroplated conduits for critical uses in food, pharmaceutical and electronics with UL 360 rating. The emphasis put by industries on safety, efficiency, and durability of electrical installations call for sustained growth of the market and innovation to keep up with shifting industry needs.
Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Trends
The industrial liquid tight flexible non-metallic conduit market is influenced by industrial operations that demand tougher and corrosion resistant solutions. There is also an increasing demand for improved conduit systems because of the growth in smart technologies, automation, and renewable energy projects.
The Industrial LFNC market is shifting towards more environmentally friendly materials and recyclability, as illustrated by Electri-Flex’s March 2023 introduction of antimicrobial features on their Liquatite Type LNMP conduit. This innovation provided better protection against vulnerable places like food processing and health care to comply with green and hygiene standards. These trends highlight the sustainability and safety commitment within the market.
Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Analysis
The market of industrial liquid tight flexible non-metallic conduit is anticipated to surpass USD 359 million by 2032 owing to high demand from different regions. In North America, the market is growing at a rampant stage due to the strict regulatory policies that promote safety within industrial environments.
On the other hand, the construction sector across Europe is focusing on sustainable development and increasing use of flexible conduits for construction projects which are some of the reasons for the growth. The Asia Pacific region is growing due to rapid industrialization and urbanization which means there will be increased electrical infrastructure, a higher demand in the market. Moreover, the flexible and durable products offered by the newer technologies are expected to be one of the main drivers for industrial liquid tight flexible non-metallic conduit growth across the globe.
The industrial liquid-tight flexible non-metallic conduit market is witnessing robust growth, projected to exceed at a CAGR exceeding 6.5% through 2032, particularly in the 2 ½ to 3 inch trade size segment. The growth is driven by several factors. First, the growth in industrial automation and expansion of manufacturing industries requires flexible and durable supplies for electrical wiring protection.
Secondly, LFNC conduits are being increasingly adopted due to improved and stringent guidelines set by various regulatory bodies to ensure safe and robust electrical installations. Moreover, the ability that LFNC conduits have to endure oils, chemicals, and other factors in the environment proves that they will continue to be needed in many different industrial uses. These trends show that there is still relevance of LFNC conduits for the current industrial environment.
The industrial liquid-tight flexible non-metallic conduit market in the Asia Pacific region is expected to exceed USD 145 million by 2032. This will be facilitated by rapid industrialization in major regions like China and India. Such countries are experiencing rapid growth in infrastructure construction and increased investment in the manufacturing industry which calls for improved productivity and reliability of electrical conduit systems.
Furthermore, campaigns aimed at further improving safety standards and increasing the lifespan of electrical installations will further drive the utilization of LFNC conduits within the region. Additionally, the increasing popularity stems from the emphasis LFNC products place on their durability against environmental conditions and their wide range of industrial applications. This shift emphasizes how significant the region is to the global LFNC market.
The growth of the U.S. industrial Liquidtight Flexible Non-Metallic Conduit (LFNC) market is fueled by government spending on infrastructure development, the precise nature of electrical safety codes, and growth in sub sectors such as manufacturing, utilities, and construction. The additional advantage of LFNC, to provide flexible and robust protection to electrical wiring in hostile environments significantly increases its demand within the U.S.
Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Share
ABB has major market share in the market, using its expertise in electrical solutions. With its innovative LFNC products, the company serves different industrial locations providing strong protection of electrical wiring in difficult application conditions. In addition, ABB's market presence, focus on technology and quality, makes it growth reliable in the LFNC market segment.
Industrial Liquid-Tight Flexible Non-Metallic Conduit Market Companies
Some of the key market players operating across the industrial liquid-tight flexible non-metallic conduit industry are:
Industrial Liquid-Tight Flexible Non-Metallic Conduit Industry News
Industrial 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
The above information has been provided for the following regions and countries: