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North America Flexible Electrical Conduit Market Size

Report ID: GMI8781
Published Date: Apr 2024
Report Format: PDF

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North America Flexible Electrical Conduit Market

North America Flexible Electrical Conduit Market was valued at USD 351 million in 2023 and is estimated to grow at a CAGR of 7.6% from 2024 to 2032, primarily driven by factors including increasing infrastructure development, rising demand for energy-efficient solutions, stringent regulations promoting safety standards, advancements in construction technologies, and the expansion of industrial sectors requiring flexible wiring solutions.

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As per U.S. Bureau of Economic Analysis, construction industry constituted 4% of the overall GDP of the nation in Q1 2023, which is further anticipated to grow in the coming years. Additionally, the growing adoption of smart buildings and the integration of renewable energy sources further fuel market growth.

North America Flexible Electrical Conduit Market Report Attributes
Report Attribute	Details
Base Year:	2023
North America Flexible Electrical Conduit Market Size in 2023:	USD 351 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	7.6%
2032 Value Projection:	USD 690.8 Million
Historical Data for:	2019 - 2023
No. of Pages:	170
Tables, Charts & Figures:	188
Segments covered:	Trade Size, Classification, Application, End Use
Growth Drivers:	Expansion of smart grid networks Refurbishment & retrofit of the existing grid infrastructure Increasing electricity demand Integration of a sustainable energy infrastructure
Pitfalls & Challenges:	Slow-paced technological evolution across developing nations

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America flexible electrical conduit was reached USD 351 million in 2023 and is estimated to grow at 7.6% CAGR up to 2032, driven by increasing infrastructure development, rising demand for energy-efficient solutions and stringent regulations promoting safety standards.

North America flexible metallic electrical conduit market is anticipated to grow at over 6.5% CAGR through 2032, as they offer excellent electromagnetic interference (EMI) shielding, making them suitable for sensitive electronic applications.

U.S. flexible electrical conduit market is anticipated to surpass USD 490 million by 2032, propelled by the ongoing expansion of infrastructure projects across sectors such as construction, transportation, and utilities.

ABB, Anamet Electrical, Inc., Atkore, CANTEX INC., Electri-Flex Company, HellermannTyton, Hubbell, Kaiphone Technology Co., Ltd., LEDES, legrand, Schneider Electric, Southwire Company, LLC and Wienerberger AG.