Flexible Electrical Conduit Market size was USD 2.4 billion in 2024 and is estimated to reach USD 6.3 billion by the end of 2037, expanding at a CAGR of 7.7% during the forecast period, i.e., 2025-2037. In 2025, the industry size of flexible electrical conduit is evaluated at USD 2.5 billion.
The flexible electrical conduit market is expanding primarily due to its growing use in residential electrical installations for routing and protecting electrical wires. It is frequently used in applications like electrical panel wiring, residential wiring, and wiring for HVAC systems, appliances, and lighting fixtures. According to the International Energy Agency (IEA), by 2030, around 600 million heat pumps will be installed worldwide, up from 180 million in 2020. The number of heat pumps installed in individual buildings is expected to increase from 1.5 million per month to about 5 million by 2030. Heat pumps are at least three times more efficient than conventional fossil fuel radiators.
Electrical wire protection against attainable threats is another crucial element. Flexible conduits provide a physical barrier that protects the wires from environmental factors such as heat, moisture, dust, and mechanical harm. This protection is required to guarantee the records core's uninterrupted operation and to avert potential equipment malfunctions or outages.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.7% |
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Base Year Market Size (2024) |
USD 2.4 billion |
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Forecast Year Market Size (2037) |
USD 6.3 billion |
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Regional Scope |
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Configuration (Flexible Metallic (FMC), Liquid-Tight Flexible Metal (LFMC), Flexible Metallic Tubing (FMT), Liquid-Tight Flexible Non-Metallic (LFNC))
Flexible metallic tubing segment is anticipated to capture around 42.8% flexible electrical conduit market share by the end of 2037. The segment’s expansion is influenced by the growing need for flexible and simple-to-install solutions. Customization is also a major trend, with customers looking for unique configurations such as conduits for industrial automation that are highly flexible or fire-resistant. Additionally, the popularity of pre-assembled and modular setups is improving operational efficiency, lowering labor costs, and simplifying installs. Furthermore, the need for setups that adhere to stringent standards is growing due to the emphasis on safety and compliance, driving businesses to invest in cutting-edge designs such as FMT.
Application (Rail Infrastructure, Military Aerospace, Healthcare Facilities, Process Plants, Energy)
The energy segment in flexible electrical conduit market is estimated to garner a substantial share in the forecast period. The segment growth can be attributed to the growing need for dependable and long-lasting wiring solutions. Additionally, the use of flexible conduits for effective wiring solutions is growing due to the growth of renewable energy projects, such as wind and solar installations. According to the International Renewable Energy Agency’s (IRENA) 1.5°C scenario, the proportion of renewable energy in the world's energy mix would rise from 16% in 2020 to 77% by 2050. Furthermore, the need for flexible conduits in energy distribution networks is driven by the development of smart grid systems and the rising adoption of energy-efficient devices. Manufacturers are developing specific conduit solutions for the industry, driving market expansion, and emphasizing safety, compliance, and environmental preservation.
Our in-depth analysis of the global flexible electrical conduit market includes the following segments:
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Trade Size |
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Configuration |
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Application |
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APAC Market Statistics
Asia Pacific in flexible electrical conduit market is anticipated to account for around 38.4% revenue share by 2037. The market is growing due to the trend of rapid infrastructure development and industrialization, especially in China and India, which has raised demand for electrical systems and related infrastructure. Moreover, stricter safety laws and emphasizing eco-friendly products are also spurring innovation. With an emphasis on high-performance and environmentally friendly solutions, manufacturers are broadening their product lines to satisfy local demands.
China's flexible electrical conduit market expansion can be attributed to the rising demand for conduits driven by the increased investments in infrastructure and industrial activities. For instance, the U.S. contributed USD 76 billion to infrastructure projects in five major infrastructure sectors through the Belt and Road Initiative (BRI) between 2013 and 2021, while the People's Republic of China (PRC) contributed USD 679 billion. This growth is further fueled by the country's large population and increasing urbanization, heightening the need for electricity and power generation. Moreover, the recent launches and innovative products introduced by market players have significantly boosted the industry's growth across the nation.
In India the urban population is growing at an unprecedented rate, pressurizing the country's resources, infrastructure, and environment. The idea of smart buildings and cities has gained traction nationwide in response to these issues, consequently accelerating the demand for flexible electrical conduits. The India Brand Equity Foundation reported that 40% of India's population is predicted to live in urban regions by 2030, and they will account for 75% of the country's GDP. Cities that experience a population increase face difficulties in managing their infrastructure and providing services. In India, the Smart Cities Mission seeks to effectively and efficiently address these issues.
North America Market Analysis
North America will hold a significant share of the flexible electrical conduit market in 2037. The region is establishing itself as a major market for electrical conduit pipes, offering important participants in the sector profitable prospects. The market's growth potential is still strong and attractive to manufacturers and investors alike as long as infrastructural development continues to flourish.
In the U.S., flexible electrical conduit market demand is mostly driven by energy generation, which includes fossil fuels, renewable energy, and nuclear energy. For instance, in 2023, utility-scale electricity production plants in the U.S. generated approximately 4,178 billion kilowatt-hours (kWh) (or 4.18 trillion kWh).1 About 60% of this electricity was generated using fossil fuels such as coal, natural gas, petroleum, and other gases. Nuclear energy accounted for roughly 19%, with renewable energy accounting for approximately 21%.
In Canada, utilities are leveraging smart grid technology and data to improve efficiency in electricity supply and storage. This advancement helps them manage costs and peak demand more effectively, while also integrating large-scale renewable energy and power generated by customers into the grid.
The leading companies in the flexible electrical conduit market strive to get a competitive edge by launching new products, spending on R&D, and diversifying their product lines. To control the market and increase their footprint in many areas and marketplaces, both regional giants actively engage in mergers and acquisitions.
Author Credits: Dhruv Bhatia
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