Fire Resistant Cable Market Size, Share, Report, Analysis, Trends & Forecast to 2026

Fri Jul 13, 2018 - 10:15am UTC

According to Stratistics MRC, the Global Fire Resistant Cable market is estimated at $1.62 billion in 2017 and is projected to reach $2.41 billion by 2026, at a CAGR of 4.5%.

Gaithersburg, MD, US – July 13, 2018

Rising demand for fire resistant cable from various industries, increasing power generation across the globe and increasing regulations for fire safety across geographies are some factors driving the market growth. However, a volatile price of raw materials is one of the major factors restraining the market growth.

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Fire resistant cables are designed to defy combustion and limit the propagation of flames. Fire resistant cables are often used to uphold circuit integrity of those vital life safety systems such as fire alarm and suppression services increasingly used in public and government buildings and where there is sensitive electronic equipment these cables are designed for increased safety. Low smokes cables have a covering designed to limit the amount of smoke and toxic halogen gases given off during fire situations. Most cables used in installations have been insulated with PVC or similar materials.

Based on insulation material, the Cross linked poly ethylene (XLPE) segment accounted for considerable market share during the forecast period. The growth of this segment can be attributed to its easy availability of XLPE, average price than other insulation materials, and excellent insulation properties. By geography, Asia pacific held the largest market share due to growth in building & construction and automotive & transportation industries. China is the largest consumer of fire resistant cable in the Asia Pacific region. The growing manufacturing industry in China is also leading to the growth of the Fire Resistant Cable Market in the country. Increased demand for fire safety and government regulations is another factor driving the consumption of fire resistant cable in China.

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Some of the key players in Fire Resistant Cable market are General Cable Corporation, Leoni AG, Universal Cable (M) Berhad, Sewedy Electric Company, Prysmian Group, Tele-Fonika Kable SA, Tianjin Suli Cable Group, LS Cable & System Ltd, Dubai Cable Company (Private) Ltd, NKT Group, Keystone Cable, Tratos Limited, Nexans S.A and Jiangnan Group Limited.

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Insulation Material Covered:
• Polyvinyl Chloride (PVC)
• Ethylene Propylene Rubber-Insulated (EPR)
• Cross Linked Poly Ethylene (XLPE)
• Low Smoke Zero Halogen (LSZH)
• Other Insulating Materials

End-Users Covered:
• Automotive & Transportation
• Energy
• Building & Construction
• Manufacturing
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
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Contact Info:
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Email: info@strategymrc.com
Organization: Stratistics Market Research Consulting Pvt Ltd

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