Prewired Flexible Conduit Market Size, Share, and Industry Analysis By Type (Metallic and Non-Metallic), By Application (Energy and Utility, Industrial Manufacturing, Construction Industry, and Others), and Regional Forecast, 2024-2032

Prewired flexible conduit typically has a spiral construction that allows it to thread through walls and other structures easily. These conduits bend and twist easily without additional electrical hardware, elbow joints, and threads, among others. They are used wherever good flexibility is required due to equipment movement or vibration or where bends and offsets would be difficult with rigid conduit. Standard flexible metal conduit is used in dry interior locations. They are best suited for vibrating equipment such as heating and air conditioning units. Additionally, factors such as the absence of risk of wear and tear, safe wiring system, and absence of risk of shock are significant advantages that positively enhance the growth of the prewired flexible conduit market.

The main driver of the prewired flexible conduit market is the durability of this conduit with low maintenance. Consumers consequently switch to these wiring systems for their infrastructure, which drives the market growth. Furthermore, flexible metal conduits can be used to connect lighting fixtures above suspended ceilings, enhancing the market growth.

• Prewired conduit systems are used for cable management. They are typically used to distribute power, lighting, data, and communications in buildings with concrete floors, steel-framed cavity floors, and suspended ceilings.

The market growth is expected to be inhibited by the challenges associated with the identification of defects in this system. Installing these conduits can be difficult, hindering the market growth. Additionally, the flexible metal conduit is not intended for general-purpose raceways for long distances, further inhibiting the market growth.

The COVID-19 outbreak has significantly affected the electronics and semiconductor industry. Business and manufacturing units in various countries were closed due to the increase in COVID-19 cases and remained closed in the first quarter of 2022. In addition, a partial or complete lockdown disrupted the global supply chain, posing challenges for manufacturers to reach customers.

Additionally, the COVID-19 pandemic impacted the electronics sector as production facilities were at a standstill. This helped drive the demand for electronics and semiconductor products in these industries. Its significant impact includes a major disruption in manufacturing across Europe and a disruption in Chinese part exports, which hamper market opportunities for the prewired flexible conduit market.

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Prewired Flexible Conduit


• Key Industry Trends


• Regulatory Landscape for Prewired Flexible Conduit


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

SEGMENTATION

ANALYSIS BY TYPE

Based on type, the global market can be categorized into metallic and non-metallic. Metal conduit has a thick-walled threaded tube, usually made of coated steel, stainless steel, or aluminum. Metal conduits come in various forms and are more commonly used in commercial and industrial buildings than residential ones. On the other hand, non-metallic conduits are usually made of PVC conduit. These conduits are standard in both rigid and flexible types. Non-metallic conduits have advantages such as resistance to corrosive substances, moisture resistance, and ease of installation, which propels the non-metallic conduit market.

ANALYSIS BY APPLICATION

Based on application, the global market can be categorized into energy and utility, industrial manufacturing, construction, and others. The energy and utility segment is expected to dominate and grow at a significant CAGR during the forecast period. This is attributed to the growing demand from developing economies. Additionally, increased urbanization and population growth may further boost the market growth for this segment. The industrial segment is expected to grow owing to the soaring demand from European countries due to several key regional players. The construction industry is one of the major contributors to the global market, driven by the rising developments in infrastructure activities.

REGIONAL ANALYSIS

The global prewired flexible conduit market is studied across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America dominates the global prewired flexible conduit market and is expected to witness significant growth over the forecast period. This is attributed to the soaring demand from the region's energy and utility industries. New technological advancements in the industrial sector are expected to fuel the prewired flexible conduit market expansion. The U.S. holds most of the market and is expected to dominate the region, followed by Canada.

Europe is another important market for prewired flexible conduit due to several key players in the region. The regional market is mainly driven by the demand for these ducts from various end-use industries. Germany, France, the U.K., Italy, and Russia are the leading countries contributing to the European market.

Asia Pacific is expected to grow over the analysis period due to increased urbanization and demand from developing economies in the region. Additionally, the growing population in the region is expected to boost the demand for these conduits for various infrastructure and construction works. China is expected to hold dominate the regional market, followed by Japan, India, South Korea, and Australia. Indonesia, Thailand, Malaysia, the Philippines, and Vietnam are other countries contributing to the regional market.

The growing wiring and accessories industry in Latin America is driving the growth in the market along with the wide scope due to the boost from emerging countries such as Brazil and Mexico. Commercial and residential construction operations are growing in several countries in the Middle East & Africa, driven by  advancements in new construction projects. It is expected that the prewired flexible conduit market will grow over the upcoming years.

KEY PLAYERS COVERED

The report provides the profiles of key players such as Nexans, Preflex Group, Evopipes, ASCABLE-RECAEL, Elydan Group, PM FLEX, Legrand, Linx Printing Technologies, Pipelife, and ANAMET Electrical, Inc.

KEY INDUSTRY DEVELOPMENTS

• In May 2021, Milton officials announced that two contractors would build a lighting system for the Rails to Trails extension from Federal Street to Lavinia Street. The first contract is to install conduit for lights along the trail and the second is to install bollard lights. The overall project is estimated at USD 195,000.

In May 2021, Array Technologies, one of the world's largest manufacturers of ground-based systems, announced that Nucor Corporation agreed with the company to produce specific components of its solar tracking system and support the co-development of future components for Array's next generation of products.