Fire resistant cable, as the name suggests, are designed to resist fire. One way of doing this is to design a fire resistant cable to maintain circuit integrity under critical conditions. The main objective of a fire resistant cable is to limit the propagation of flames and resist combustion. Fire resistant cables are used in the wiring of fire resistant safety circuits, high-temperature installation conditions, and to control and measure services in residential, industrial, and commercial complexes. Fire resistant cables are developed to maintain circuit integrity in case of a fire and ensure safe evacuation with no detrimental effects of smoke and toxic gases.
The fire resistant cable market is anticipated to grow in the forecast period owing to improvements in the quality of fire resistant cable coupled with the growing demand for fire resistant cables from the building and construction industry. The safety and security regulations in countries like the U.S, Europe, and Japan has boosted the growth of fire resistant cable market. However, volatile prices of raw materials restrict the growth of the fire resistant cable market. On the other hand, the increasing power generation around the globe is likely to showcase growth opportunities for fire resistant cable market during the forecast period. The Global Fire Resistant Cable Market is expected to reach USD 2.3 billion by 2025, from USD 1.7 billion in 2017 growing at a CAGR of 3.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The study provides a significant view of the global fire resistant cable market is classified based on insulation material, end-use industry, and region. These segments have been estimated and forecasted with the future and past trends. By insulation material, the fire resistant cable market is divided as XLPE, PVC, LSZH, EPR, and others. By end-user industries, the fire resistant cable market includes automotive and transportation, building and construction, energy, manufacturing, and others. The regional segmentation includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Furthermore, these regions are divided into major countries, such as the U.S., India, Germany, France, UK, China, Japan, and Brazil.
This report segments the global fire resistant cable market as follows:
Global Fire Resistant Cable Market: Insulation Material Analysis
XLPE
PVC
LSZH
EPR
Others
Global Fire Resistant Cable Market: End-Use Industry Analysis
Building & Construction
Automotive & Transportation
Manufacturing
Energy
Others
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fire resistant cable market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The fire resistant cable market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Some of the major players operating in the global fire resistant cable market General Cable Corporation, Prysmian Group, LS Cable & System Ltd., Nexans S.A., Leoni AG, NKT Group, Universal Cable (M) Berhad, Tratos Limited, and EL Sewedy Electric Company, among others.
Report Description: http://www.marketgrowthanalysis.com/fire-resistant-cable-market
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Fire resistant cables are developed to maintain circuit integrity in case of a fire and ensure safe evacuation with no detrimental effects of smoke and toxic gases.The fire resistant cable market is anticipated to grow in the forecast period owing to improvements in the quality of fire resistant cable coupled with the growing demand for fire resistant cables from the building and construction industry.
The safety and security regulations in countries like the U.S, Europe, and Japan has boosted the growth of fire resistant cable market.
The Global Fire Resistant Cable Market is expected to reach USD 2.3 billion by 2025, from USD 1.7 billion in 2017 growing at a CAGR of 3.3% during the forecast period of 2018 to 2025.
By insulation material, the fire resistant cable market is divided as XLPE, PVC, LSZH, EPR, and others.
Furthermore, these regions are divided into major countries, such as the U.S., India, Germany, France, UK, China, Japan, and Brazil.This report segments the global fire resistant cable market as follows:Global Fire Resistant Cable Market: Insulation Material AnalysisXLPEPVCLSZHEPROthersGlobal Fire Resistant Cable Market: End-Use Industry AnalysisBuilding & ConstructionAutomotive & TransportationManufacturingEnergyOthersRequest for Table of Contents: http://www.marketgrowthanalysis.com/reports/toc/207The report provides a detailed overview of the industry including both qualitative and quantitative information.
It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
Latest research on Global Fire-Resistant Cable Market report covers forecast and analysis on a worldwide, regional and country level.
this report included a special section on the Impact of COVID19.
Also, Fire-Resistant Cable Market (By major Key Players, By Types, By Applications, and Leading Regions) Segments outlook, Business assessment, Competition scenario and Trends .Some of the key players’ Analysis in Fire-Resistant Cable Market@ Jiangnan Group,NKT,Leoni,Tele-Fonika Kable,General Cable,Nexans,Universal Cable (M) Berhad,Dubai Cable Company,Keystone Cable,Tianjin Suli Cable,Tratos Limited,EL Sewedy Electric,Prysmian Group,LS Cable & SystemSample Copy Of Fire-Resistant Cable Market Report https://www.reportsandmarkets.com/sample-request/global-fire-resistant-cable-market-4193420?utm_source=icibs_medium=6 One of the crucial parts of this report comprises Fire-Resistant Cable industry key vendor’s discussion about the brand’s summary, profiles, market revenue, and financial analysis.
The report will help market players build future business strategies and discover worldwide competition.
A detailed segmentation analysis of the market is done on producers, regions, type and applications in the report.On the basis of geographically, the market report covers data points for multiple geographies such as United States, Europe, China, Japan, Southeast Asia, India, and Central& South AmericaAnalysis of the market:Other important factors studied in this report include demand and supply dynamics, industry processes, import & export scenario, R development activities, and cost structures.
Besides, consumption demand and supply figures, cost of production, gross profit margins, and selling price of products are also estimated in this report.The conclusion part of their report focuses on the existing competitive analysis of the market.
Globally, the fire-resistant cable market is primarily driven by growth in construction and industrial sectors, increased needs for fire safety products, rapid urbanization, and globalization.
Additionally, rapidly growing industries such as automotive & transportation, manufacturing, energy are likely to drive the growth of the target market over the forecast period...A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global fire-resistant cable market was worth USD 1,760.1 million in 2020 and is further projected to reach USD 2,211.5 million by 2027, at a CAGR of 3.4 % during the forecast period (2021-2027).
Moreover, replacing aging infrastructure, grid maintenance, conversion of overhead lines into underground lines, and the development of rail networks worldwide are likely to increase the consumption of fire-resistant cables during the forecast period.The Rise in Demand for Fire-Resistant Cables for Power Generation is Creating Lucrative Opportunities for the MarketAccording to the International Energy Agency, global energy demand has increased by 4.5 %, or more than 1000 TWh, in 2021.
This segment is primarily driven by properties such as high thermal short circuit ratings, excellent electrical properties stored at high temperatures, resistance to thermal deformation, excellent water resistance and low permeability to water, excellent chemical resistance, and long operational life.Impact of COVID-19 on Global Fire-Resistant Cable MarketThe COVID-19 outbreak has greatly affected the fire-cable market.
Fire-resistant cable producers were also impacted by corporate shutdowns, social distance regulations, and limited local and state government activities in 2020.
Moreover, since buildings and construction were hard hit by the pandemic, demand for fire-resistant cables fell as well.Asia-Pacific Leads the Global Fire-Resistant Cable MarketThe global fire-resistant cable industry is grouped into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America.
The building and construction, automotive, and transportation sector are projected to grow in the near future, especially in the developing economies.
Due to the sustained growth, the various start-ups are investing in the fire resistant cable market, which was valued at $1.82 billion as of 2018, and the demand projected to grow at a compound annual growth rate (CAGR) of 4.30% during the forecast period of 2019 to 2025.The report is titled “Fire Resistant Cable Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast (2019 – 2025)”.
The report documents that the growth of fire resistant cable is increasing due to the growing regulations for fire safety globally.
The report covers Fire Resistant Cable Market size by type and applications, Fire Resistant Cable Market share by top 5 companies and also the market share by start-ups during the forecast period.View Full Table of Contents of Fire Resistant Cable Market:https://www.industryarc.com/Research/Fire-Resistant-Cable-Market-Research-500249Report Price (Single User): US $3850Global Fire Resistant Cable Market: Demand AnalysisFlame retardants or fireproof cables feature fire resistance, long-term circuit integrity in the fire, and low toxic gas and smoke emission properties.
Moreover, these cables are easy to install, and they play a very vital role in assuring the orderly shutdown of the systems for the occupants in the building.Global Fire Resistant Cable Market: Leading SegmentsAPAC is gauged to have led the fire resistant cable market in terms of demand in recent times.
The application segment of fire resistant cable in the building and construction industry is anticipated to grow at a progressive CAGR of 5.50% during the forecast period of 2019 to 2025.Global Fire Resistant Cable Market: Market Trends and Growth DriversBuilding and Construction IndustryDue to the explosive nature of PVC, the construction industry has started using the wires that are PVC free, and the industry now uses halogen-free cables that can be easily recycled.
