The Worldwide Fire-Resistant Cable Industry is Expected to Reach $2.1 Billion by 2026
DUBLIN, Sept. 6, 2021 /PRNewswire/ -- The "Fire-Resistant Cable Market by Insulation Material (EPR, LSZH, PVC, XLPE), End-use Industry (Automotive & Transportation, Building & Construction, Energy, Manufacturing), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global fire-resistant cable market size is projected to grow from USD 1.8 billion in 2021 to USD 2.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 3.3%.
The global fire-resistant cable market has witnessed high growth primarily because of the booming construction as well as industrial sector, rise in the demand for fire safety products, and rapid urbanization & globalization. Furthermore, grid maintenance, replacement of aging infrastructure, conversion of overhead lines to underground lines, and the development of rail networks across the globe, have propelled the consumption of fire-resistant cables over the next few years.
In terms of both value and volume, XLPE segment to be the fastest-growing segment by 2026.
The XLPE segment is projected to grow at the highest CAGR from 2021 to 2026. High thermal short circuit rating, excellent electrical property maintained under the complete temperature range, resistance to thermal deformation at high temperatures, excellent water resistance and low permeability to water, excellent chemical resistance, high durability, and long operational life are some of the properties fueling the growth of the XLPE insulation material segment.
In terms of both value and volume, building & construction is projected to be the fastest-growing segment from 2021 to 2026, for fire-resistant cables.
Building & Construction is projected to be the fastest-growing segment in the fire-resistant cable market. Fire-resistant cables can be used for wiring and interconnection purposes in residential and non-residential areas. These cables are easy-to-install, maintain the reliability of electrical circuits, and can withstand high temperatures during fires, thus, ensuring human safety. Increasing awareness about the safety of buildings among the masses has led to the increase in demand for fire-resistant cables. These cables find applications in the distribution of power in almost every commercial and residential building. Increasing construction activities are driving the fire-resistant cable market in the building & construction industry.
In terms of both value and volume, the APAC fire-resistant cable market is projected to grow at the highest CAGR during the forecast period.
In terms of value and volume, the APAC region is projected to grow at the highest CAGR from 2020 to 2025. Emerging economies in APAC are expected to experience significant demand for fire-resistant cable as a result of the expansion of the end-use industries due to rapid economic development and urbanization. Furthermore, growing manufacturing, building & construction, and automotive & transportation industries, among others in several APAC countries are fueling the demand for fire-resistant cables in the region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Higher Demand For Fire-Resistant Cables Expected From Emerging Economies
4.2 APAC: Fire-Resistant Cable Market, By End-Use Industry And Country
4.3 Fire-Resistant Cable Market, By Insulation Material
4.4 Fire-Resistant Cable Market, By End-Use Industry
4.5 Fire-Resistant Cable Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Demand For Fire-Resistant Cables For Fire Safety & Protection
5.2.1.2 Increasing Fire Safety Standards & Regulations Globally
5.2.2 Restraints
5.2.2.1 Volatility In Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Increasing Demand For Fire-Resistant Cables For Power Generation
5.2.3.2 Population Growth And Rapid Urbanization Translating To Large Number Of Construction Projects
5.2.3.3 Increasing Developments In Automotive Industry
5.2.4 Challenges
5.2.4.1 Availability Of Cheap And Inferior Quality Fire-Resistant Cables
5.3 Range Scenario Analysis
5.4 Supply Chain Analysis
5.4.1 Prominent Companies
5.4.2 Small & Medium Enterprises
5.5 Porter's Five Forces Analysis
5.6 Yc-Ycc Drivers
5.7 Market Mapping/Ecosystem Map
5.8 Patent Analysis
5.9 Regulatory Analysis
5.10 Technology Analysis
5.11 Trade Analysis
5.12 Average Selling Price Analysis
5.13 Case Study Analysis
6 Impact Of Covid-19 On The Fire-Resistant Cable Market
6.1 Introduction
6.2 Impact Of Covid-19 On The Fire-Resistant Cable Market
6.2.1 End-Use Industries
6.2.1.1 Impact Of Covid-19 On The Building & Construction Industry
6.2.1.2 Impact Of Covid-19 On The Automotive Industry
6.2.1.3 Impact Of Covid-19 On The Energy Industry
7 Fire-Resistant Cable Market, By Insulation Material
7.1 Introduction
7.2 Cross-Linked Polyethylene (XLPE)
7.3 Polyvinyl Chloride (PVC)
7.4 Low Smoke Zero Halogen (LSZH)
7.5 Ethylene Propylene Rubber (EPR)
7.6 Others
8 Fire-Resistant Cable Market, By End-Use Industry
8.1 Introduction
8.2 Building & Construction
8.3 Automotive & Transportation
8.4 Manufacturing
8.5 Energy
8.6 Others
9 Fire-Resistant Cable Market, By Region
10 Competitive Landscape
10.1 Overview
10.2 Market Ranking
10.2.1 Prysmian Group
10.2.2 Nexans S.A.
10.2.3 NKT Group
10.2.4 Leoni Ag
10.2.5 LS Cable & System Limited
10.3 Market Share Analysis
10.4 Revenue Analysis Of Top Market Players
10.5 Competitive Leadership Mapping
10.5.1 Star
10.5.2 Emerging Leaders
10.5.3 Pervasive
10.5.4 Emerging Companies
10.6 Strength Of Product Portfolio
10.7 Business Strategy Excellence
10.8 Competitive Leadership Mapping Of Smes (Small And Medium-Sized Enterprises)
10.8.1 Progressive Companies
10.8.2 Responsive Companies
10.8.3 Starting Blocks
10.8.4 Dynamic Companies
10.9 Competitive Scenario
11 Company Profiles
11.1 Major Players
11.1.1 Prysmian Group
11.1.2 Nexans S.A.
11.1.3 NKT Group
11.1.4 Leoni Ag
11.1.5 LS Cable & System Limited
11.1.6 Elsewedy Electric Company
11.1.7 Jiangnan Group Limited
11.1.8 Hitachi Metals Ltd.
11.1.9 Furukawa Electric Co., Ltd.
11.1.10 Sumitomo Electric Industries, Ltd.
11.1.11 Yazaki Corporation
11.1.12 Swcc Showa Cable Systems Co Ltd.
11.2 Additional Players
11.2.1 Universal Cable (M) Berhad
11.2.2 Tratos Limited
11.2.3 Keystone Cable
11.2.4 Dubai Cable Company (Private) Ltd.
11.2.5 Tianjin Suli Cable Group
11.2.6 Tele-Fonika Kable Sa
11.2.7 Top Cable
11.2.8 Shanghai Jiukai Wire & Cable Co., Ltd.
11.2.9 Siccet Srl
11.2.10 RSCC Wire & Cable Llc
11.2.11 RR Kabel Limited
11.2.12 Bahra Advanced Cable Manufacture Co. Ltd.
11.2.13 Middle East Specialized Cables Company (Mesc)
11.2.14 Walsin Lihwa Corporation
11.2.15 Cavicel S.P.A
11.2.16 St Cable Corporation
12 Adjacent Markets
13 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/2afos0
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