The global flexible electrical conduit market was valued at $1.5 billion in 2022, and is projected to reach $3.4 billion by 2032, growing at a CAGR of 8.6% from 2023 to 2032.
Flexible electrical conduits are tubular structures designed to provide a safe and flexible pathway for electrical wiring and cables. These conduits are hollow and have an interior passage or lumen through which electrical wires are routed. The predominant reason for flexible electrical conduits is to protect the wires from harm and to ensure the secure and efficient transmission of electrical energy or signals. The flexibility of these conduits is vital as it approves them to accommodate movement, vibration, and changes in route while maintaining the integrity of the electrical wiring. This flexibility is performed through the selection of excellent materials and the design of the conduit, enabling it to withstand bending stresses without breaking or impairing the performance of the wires within.
Flexible electrical conduits find applications in various industries and environments where electrical wiring needs to be installed in areas that require flexibility or where protection against mechanical stress is necessary. These include residential, commercial, and industrial settings such as buildings, factories, data centers, and outdoor installations. The flexible electrical conduit market offers a range of products with different sizes, lengths, and configurations to suit specific applications. Conduits be straight, allowing for linear installations, coiled, or corrugated, providing additional flexibility for routing in confined spaces or around obstacles.
Manufacturers in the flexible electrical conduit market prioritize the use of durable and resilient materials, such as PVC (polyvinyl chloride), metal alloys, or thermoplastics, to ensure the conduits withstand harsh environmental conditions, temperature variations, and exposure to chemicals or moisture. Some conduits also incorporate additional features, such as flame resistance, UV protection, or resistance to electromagnetic interference (EMI) for specialized applications.
"Flexible Electrical Conduit Market Surges as Upgradation and Retrofitting Gain Momentum"
The flexible electrical conduit market is experiencing a significant surge in demand as the trends of upgradation and retrofitting gain momentum. With advancements in technology and evolving electrical infrastructure needs, industries and consumers alike are increasingly focusing on upgrading and retrofitting existing systems rather than undertaking complete overhauls. This shift in approach has fueled the demand for flexible electrical conduits, which play a vital role in ensuring the safe and efficient transmission of electrical power or signals.
One of the key drivers behind the surge in the flexible electrical conduit market is the need to upgrade aging electrical systems. Many buildings and facilities have outdated wiring and electrical infrastructure that no longer meets the demands of modern technology and electrical loads. Upgrading these systems is essential to improve energy efficiency, accommodate new equipment or machinery, and ensure compliance with safety regulations. Flexible electrical conduits provide a flexible and protective pathway for new wiring installations, allowing for seamless integration into the existing infrastructure without the need for extensive and costly renovations. In addition, retrofitting projects have become increasingly popular across various industries. Instead of constructing new facilities from scratch, organizations are opting to repurpose existing spaces to meet changing needs. Whether it's converting an office space into a data center or repurposing a warehouse for industrial automation, retrofitting requires adaptable electrical solutions.
Flexible electrical conduits offer the necessary flexibility to navigate around obstacles, tight spaces, or irregular pathways, making them ideal for retrofitting projects. Moreover, the versatility of flexible electrical conduits makes them suitable for a wide range of industries, including residential, commercial, and industrial sectors. From residential renovations and office expansions to manufacturing plant upgrades and infrastructure development, the demand for flexible electrical conduits spans multiple applications. As a result, manufacturers and suppliers in the market are focusing on innovation, growing new merchandise with stronger flexibility, durability, and ease of installation to meet the evolving wishes of clients engaged in upgradation and retrofitting projects.
The flexible electrical conduit market is segmented on the basis of material type, type, application, and region. By material type, the market is classified into metallic and non-metallic. By type, the market is segmented into the flexible metallic conduit (FMC), liquid tight flexible metal conduit (LFMC), flexible metallic tubing (FMT), and liquid tight flexible non-metallic conduit (LFNC). By application, the market is categorized into rail infrastructure, manufacturing facilities, shipbuilding & offshore facilities, process plants, energy, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Key players in the flexible tube industry include ABB, Hubbell, Schneider Electric, Legrand, Southwire Company, LLC., Atkore, Parker Hannifin Corp, Saint-Gobain, NewAge Industries, and Flex Tubes.
Flexible electrical conduits are tubular structures designed to provide a safe and flexible pathway for electrical wiring and cables. These conduits are hollow and have an interior passage or lumen through which electrical wires are routed. The predominant reason for flexible electrical conduits is to protect the wires from harm and to ensure the secure and efficient transmission of electrical energy or signals. The flexibility of these conduits is vital as it approves them to accommodate movement, vibration, and changes in route while maintaining the integrity of the electrical wiring. This flexibility is performed through the selection of excellent materials and the design of the conduit, enabling it to withstand bending stresses without breaking or impairing the performance of the wires within.
Flexible electrical conduits find applications in various industries and environments where electrical wiring needs to be installed in areas that require flexibility or where protection against mechanical stress is necessary. These include residential, commercial, and industrial settings such as buildings, factories, data centers, and outdoor installations. The flexible electrical conduit market offers a range of products with different sizes, lengths, and configurations to suit specific applications. Conduits be straight, allowing for linear installations, coiled, or corrugated, providing additional flexibility for routing in confined spaces or around obstacles.
Manufacturers in the flexible electrical conduit market prioritize the use of durable and resilient materials, such as PVC (polyvinyl chloride), metal alloys, or thermoplastics, to ensure the conduits withstand harsh environmental conditions, temperature variations, and exposure to chemicals or moisture. Some conduits also incorporate additional features, such as flame resistance, UV protection, or resistance to electromagnetic interference (EMI) for specialized applications.
"Flexible Electrical Conduit Market Surges as Upgradation and Retrofitting Gain Momentum"
The flexible electrical conduit market is experiencing a significant surge in demand as the trends of upgradation and retrofitting gain momentum. With advancements in technology and evolving electrical infrastructure needs, industries and consumers alike are increasingly focusing on upgrading and retrofitting existing systems rather than undertaking complete overhauls. This shift in approach has fueled the demand for flexible electrical conduits, which play a vital role in ensuring the safe and efficient transmission of electrical power or signals.
One of the key drivers behind the surge in the flexible electrical conduit market is the need to upgrade aging electrical systems. Many buildings and facilities have outdated wiring and electrical infrastructure that no longer meets the demands of modern technology and electrical loads. Upgrading these systems is essential to improve energy efficiency, accommodate new equipment or machinery, and ensure compliance with safety regulations. Flexible electrical conduits provide a flexible and protective pathway for new wiring installations, allowing for seamless integration into the existing infrastructure without the need for extensive and costly renovations. In addition, retrofitting projects have become increasingly popular across various industries. Instead of constructing new facilities from scratch, organizations are opting to repurpose existing spaces to meet changing needs. Whether it's converting an office space into a data center or repurposing a warehouse for industrial automation, retrofitting requires adaptable electrical solutions.
Flexible electrical conduits offer the necessary flexibility to navigate around obstacles, tight spaces, or irregular pathways, making them ideal for retrofitting projects. Moreover, the versatility of flexible electrical conduits makes them suitable for a wide range of industries, including residential, commercial, and industrial sectors. From residential renovations and office expansions to manufacturing plant upgrades and infrastructure development, the demand for flexible electrical conduits spans multiple applications. As a result, manufacturers and suppliers in the market are focusing on innovation, growing new merchandise with stronger flexibility, durability, and ease of installation to meet the evolving wishes of clients engaged in upgradation and retrofitting projects.
The flexible electrical conduit market is segmented on the basis of material type, type, application, and region. By material type, the market is classified into metallic and non-metallic. By type, the market is segmented into the flexible metallic conduit (FMC), liquid tight flexible metal conduit (LFMC), flexible metallic tubing (FMT), and liquid tight flexible non-metallic conduit (LFNC). By application, the market is categorized into rail infrastructure, manufacturing facilities, shipbuilding & offshore facilities, process plants, energy, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Key players in the flexible tube industry include ABB, Hubbell, Schneider Electric, Legrand, Southwire Company, LLC., Atkore, Parker Hannifin Corp, Saint-Gobain, NewAge Industries, and Flex Tubes.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flexible electrical conduit market analysis from 2022 to 2032 to identify the prevailing flexible electrical conduit market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the flexible electrical conduit market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global flexible electrical conduit market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Material Type
- Metallic
- Non-Metallic
By Type
- Flexible Metallic Tubing (FMT)
- Liquid Tight Flexible Non-Metallic Conduit (LFNC)
- Flexible Metallic Conduit (FMC)
- Liquid Tight Flexible Metal Conduit (LFMC)
By Application
- Rail Infrastructure
- Manufacturing Facilities
- Shipbuilding and Offshore Facilities
- Process Plants
- Energy
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- ABB Ltd.
- Atkore International Group Inc.
- Flex Tubes
- Hubbell Incorporated
- Legrand
- NewAge Industries, Inc.
- Parker Hannifin Corporation
- Saint-Gobain
- Schneider Electric SE.
- Southwire Company, LLC
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FLEXIBLE ELECTRICAL CONDUIT MARKET, BY MATERIAL TYPE
CHAPTER 5: FLEXIBLE ELECTRICAL CONDUIT MARKET, BY TYPE
CHAPTER 6: FLEXIBLE ELECTRICAL CONDUIT MARKET, BY APPLICATION
CHAPTER 7: FLEXIBLE ELECTRICAL CONDUIT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the flexible electrical conduit market was valued at $1.5 billion in 2022, and is estimated to reach $3.4 billion by 2032, growing at a CAGR of 8.6% from 2023 to 2032.The flexible electrical conduit market refers to the industry concerned in the manufacturing, distribution, and sale of conduits designed to defend and route electrical wiring and cables. These conduits are flexible in nature, allowing for convenient installation in wide range of applications, such as commercial buildings, industrial facilities, residential properties, and outside installations. The market affords a extensive range of options, consisting of metallic and non-metallic conduits, liquid-tight versions, and those suitable for hazardous environments. As the demand for secure and environment friendly electrical installations grows, the flexible electrical conduit market performs a fundamental function in meeting the needs of diverse industries and applications and retrofitting projects.
The flexible electrical conduit market is witnessing significant growth propelled by two key driving factors such as the surge in renewable energy installations and rapid industrialization. As the world embraces sustainable energy sources, the demand for flexible conduits has soared to protect and manage electrical cabling in renewable energy projects like solar and wind farms. Moreover, the rapid pace of industrialization in emerging economies necessitates reliable and adaptable conduit solutions to ensure safe and efficient electrical installations in various industrial sectors. The versatility and durability of flexible electrical conduits make them essential components for meeting the evolving needs of these dynamic industries, contributing to the market's continuous expansion and global significance.
The growth of the flexible electrical conduit market faces certain challenges due to competition from alternative wiring solutions and high installation and maintenance costs. As the industry evolves, other cable management options, such as cable trays, cable ties, and raceways, are being considered by consumers as substitutes to flexible conduits. These alternatives may offer cost advantages or specific benefits that cater to particular installation requirements. Additionally, the installation and maintenance costs associated with flexible electrical conduits can be relatively higher compared to traditional rigid conduits, especially in complex or large-scale projects. These factors may deter some customers from adopting flexible conduits, impacting the market's growth potential. However, manufacturers and industry players continue to innovate, emphasizing the unique advantages of flexible conduits, such as ease of installation and adaptability, to overcome these challenges and expand their market presence. Moreover, efforts to streamline installation processes and enhance the cost-effectiveness of maintenance are underway to address these restraining factors and foster sustainable growth in the flexible electrical conduit market.
The flexible electrical conduit market is poised for significant growth, driven by promising opportunity factors such as retrofitting and upgradation projects, along with technological advancements. As existing infrastructures and electrical systems age, the demand for retrofitting and upgrading these systems is on the rise. Flexible electrical conduits offer a versatile and cost-effective solution for revamping outdated installations, ensuring enhanced safety and efficiency. Additionally, the continuous evolution of technology in conduit materials, manufacturing processes, and smart conduit solutions opens up new avenues for market expansion. Advancements in materials technology enable the development of conduits with improved flexibility, durability, and resistance to harsh environments, meeting the demands of modern construction and industrial projects. These opportunities not only cater to existing infrastructures but also align with the growing focus on sustainable and innovative electrical solutions, driving the flexible electrical conduit market towards a promising future.
The flexible electrical conduit market is segmented on the basis of material type, type, application, and region. By material type, the market is classified into metallic and non-metallic. By type, the market is segmented into the flexible metallic conduit (FMC), liquid tight flexible metal conduit (LFMC), flexible metallic tubing (FMT), and liquid tight flexible non-metallic conduit (LFNC). By application, the market is categorized into rail infrastructure, manufacturing facilities, shipbuilding & offshore facilities, process plants, energy, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Key players in the flexible tube industry include ABB, Hubbell, Schneider Electric, Legrand, Southwire Company, LLC., Atkore, Parker Hannifin Corp, Saint-Gobain, NewAge Industries, and Flex Tubes.
Impact Analysis:
Russia and Ukraine conflict
The ongoing conflict between Russia and Ukraine has the potential to impact the flexible electrical conduit market trend in several ways.The presence of disruptions in the supply chain of flexible electrical conduits as both Russia and Ukraine play significant roles in the manufacturing and distribution of industrial products, and any disruptions in their trade relationship affect the availability and cost of materials needed for producing flexible electrical conduits.
Moreover, the conflict creates market uncertainty, leading to a slowdown in the construction and infrastructure sectors, which are major consumers of flexible electrical conduits.
In addition, there be shifts in regional demand for flexible electrical conduits.
However, broader economic instability in the region resulting from the conflict leads to a decrease in the overall demand for flexible electrical conduits.
Furthermore, the geopolitical considerations arising from the Russia-Ukraine conflict influence government policies and regulations, indirectly affecting the flexible electrical conduit market.
Changes in import/export regulations, tariffs, or trade barriers impact the competitiveness of manufacturers and alter market dynamics.
Economic Crisis
During an economic crisis, experiences a decrease in demand , which will lead to decline in the flexible electrical conduit market share.Moreover, pricing pressures arise during an economic crisis which have significant impact on the flexible electrical conduit market forecast.
Supply chain disruptions are another consequence of economic crises that impact the flexible electrical conduit market size.
In addition, an economic crisis accelerates market consolidation within the flexible electrical conduit industry.
Companies Mentioned
- ABB Ltd.
- Atkore International Group Inc.
- Flex Tubes
- Hubbell Incorporated
- Legrand
- NewAge Industries, Inc.
- Parker Hannifin Corporation
- Saint-Gobain
- Schneider Electric SE.
- Southwire Company, LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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