The Europe Flexible Electrical Conduit Market would witness market growth of 8.1% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 60.8 Mega Meter, showcasing a growth of 3.7% (2019-2022).
Flexible electrical conduits are often found in manufacturing facilities, warehouses, data centers, data centers, and industrial amenities to protect cables and wiring from challenging circumstances like exposure to moisture, chemicals, oils, or extreme temperatures. Electrical installations for transportation systems, such as railways, airports, and highways, are another crucial application for flexible electrical conduits. Power distribution to various components, including lighting, signalling systems, control panels, and communication networks, is made possible by these conduits, which offer an impenetrable and flexible passage for electrical cables.
The market has also grown as smart homes and intelligent construction systems have become increasingly common. Concealing and safeguarding wires used in home automation, security systems, audio/video installations, and other smart devices are made simple with the help of these conduits. It provides flexibility for advancing technology by enabling future expansions, modifications, and easy access to the wiring.
Activities for offshore exploration and production have expanded due to the rising demand for gas and oil. This fuels the demand for offshore and shipbuilding facilities, which favourably affects the demand for flexible electrical conduits. Developing offshore infrastructure and support vessels is also required to expand renewable energy sources, such as offshore wind farms.
As per International Trade Administration; applying environmental and renewable energy technologies has been a global priority for Germany. Wind, solar, biomass, and hydropower sources comprised 46% of the nation's electricity mix in 2019. Solar energy (9%), biomass (8.7%), onshore & offshore wind capacity (24.4%), and hydropower contributed to the remainder of the clean energy mix. The total amount of electricity produced by all renewable technologies was 238.37-terawatt hours. As a result of the rising renewable energy sector in the European region, the market is estimated to grow.
The Germany market dominated the Europe Flexible Electrical Conduit Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $157.1 million by 2030. The UK market is anticipated to grow at a CAGR of 7.2% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 8.9% during (2023 - 2030).
Based on Application, the market is segmented into Shipbuilding & Offshore Facilities, Process Plants, Energy, Rail Infrastructure, Manufacturing Facilities, and Others. Based on Material Type, the market is segmented into Metallic, and Non-Metallic. Based on Type, the market is segmented into Flexible Metallic Tubing (FMT), Flexible Metallic Conduit (FMC), Liquid Tight Flexible Non-Metallic Conduit (LFNC), and Liquid Tight Flexible Metal Conduit (LFMC). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Flexible Electrical Conduit Market is Projected to reach USD 2.7 Billion by 2030, at a CAGR of 8.6%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include 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 Country (Volume, Mega Meter, USD Million, 2019-2030)
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