According to a new report, published by KBV research, The Global Flexible Electrical Conduit Market size is expected to reach $2.7 billion by 2030, rising at a market growth of 8.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 260.5 Mega Meter, experiencing a growth of 4% (2019-2022).
The Energy segment is experiencing a CAGR of 8.9% during (2023 - 2030). Reliable electrical infrastructure is urgently needed because of the rising power demand, which is being fueled by causes including population increase, urbanization, and the manufacturing sector. Electrical conduits, which are essential for securing and directing electrical cables and wires, have been more frequently installed due to this requirement. The emphasis on clean energy sources like solar and wind power has also helped the business grow.
The Metallic segment is leading the Global Flexible Electrical Conduit Market by Material Type in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.1 billion by 2030. Both rigid and flexible conduits frequently use non-metallic conduit. Lightweight, flexible by hand, and simple to install are these conduits. In addition, the non-metallic conduit is resistant to corrosion and provides excellent protection against the infiltration of moisture. PVC, PP, HDPE, and other non-metallic materials are used for electrical conduit.
The Liquid Tight Flexible Non-Metallic Conduit (LFNC) segment is showcasing a CAGR of 9.5% during (2023 - 2030). To ensure long-term durability & protection, LFMCs are often composed of corrosion-resistant materials such as galvanized steel or aluminum despite opposed environments. The use of LFMC in the construction industry is further aided by the fact that it is frequently UV-resistant, enabling it to tolerate sunlight exposure without decaying or degrading.
The Asia Pacific region dominated the Global Flexible Electrical Conduit Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.1 billion by 2030. The North America region is poised to grow at a CAGR of 7.8% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 8.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/flexible-electrical-conduit-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Dura-Line Corporation (Orbia Advance Corporation, S.A.B. de C.V.), ABB Group, Atkore, Inc., Saint-Gobain Group, Legrand Group, Hubbell Incorporated, Schneider Electric SE, Parker Hannifin Corporation, Champion Fiberglass, Inc., and NewAge Industries, Inc.
By Application (Volume, Mega Meter, USD Million, 2019-2030)
By Material Type (Volume, Mega Meter, USD Million, 2019-2030)
By Type (Volume, Mega Meter, USD Million, 2019-2030)
By Geography (Volume, Mega Meter, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
