Overview and Scope
Flame resistant cables are high-performance fireproof cables that operate well in extreme fire breakout scenarios. A fire-resistant cable is specially intended to transport electrical energy in severe conditions during a fire, ensuring power to emergency equipment such as signaling, smoke extractors, acoustic sirens, water pumps, and others.
Sizing and Forecast
The fire-resistant cable market size has grown steadily in recent years. It will grow from $1.91 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to urbanization and infrastructure growth, industry-specific demand, awareness and education, environmental impact and sustainability, economic conditions and market growth..
The fire-resistant cable market size is expected to see steady growth in the next few years. It will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to incidence of fire accidents, environmental concerns & sustainable solutions, rising awareness of fire hazards, industry-specific applications, infrastructure development & urbanization.. Major trends in the forecast period include stringent safety regulations, advance safety solution, rising awareness of fire safety, expanding industrial applications, technological advancement.
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Segmentation & Regional Insights
The fire-resistant cable market covered in this report is segmented –
1) By Insulation Material: Ethylene Propylene Rubber-Insulated (EPR), Low Smoke Zero Halogen (LSZH), Polyvinyl Chloride (PVC), Cross Linked Poly Ethylene (XLPE), Other Types
2) By Voltage: 15kV, 16-30 KV, >30KV
3) By End-Use Industry: Automotive And Transportation, Building And Construction, Energy, Manufacturing, Other End-Use Industries
Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fire-resistant cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing electricity generation is expected to propel the growth of the fire-resistant cable market going forward. Electricity generation refers to producing electricity through the primary sources of power. The generation of electricity benefits the fire resistance cable market because these cables are designed to convey electrical energy under the severe circumstances that occur during a fire, ensuring that power is available to emergency devices such as signaling, air extractors, sound alarms, pumping water, and others. For instance, in 2021, according to a report issued by the Energy Information Administration (EIA), a US-based agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, in 2021, net energy generation from utility-scale facilities in the United States is expected to be around 4,116 billion kilowatt hours (kWh). According to the EIA, small-scale solar photovoltaic (PV) systems produced an additional 49.03 billion kWh (or around 0.05 trillion kWh). Moreover, an increase of around 61% of utility-scale electricity output in the United States was generated by fossil fuels (coal, petrol, and diesel), 19% by nuclear energy, and 20% by alternative energy sources. Therefore, increasing electricity generation is driving the growth of the fire-resistant cable market.
Key Industry Players
Major companies operating in the fire-resistant cable market report are LS Cable & System Ltd., Nexans SA, Prysmian SpA, Tratos Limited, El Sewedy Electric Company, Leoni AG, NKT A/S, Relemac Technologies Pvt Ltd., TPC Wire & Cable Corp, General Cable Corporation, Universal Cable (M) Bhd., Furukawa Electric Co. Ltd., Elsewedy Electric S A E, RR Kabel Ltd., Jiangnan Group Limited, Tele-Fonika Kable SA, Bambach Cables, Eland Cables, Top Cable, Belden Inc., Southwire Company LLC, Polycab India Limited, KEI Industries Limited, Finolex Cables Ltd., Havells India Limited, Lapp Group, Caledonian Cables Ltd., Ducab, Oman Cables Industry, Riyadh Cables Group of Companies, Bahra Cables Company, Alfanar Group, Saudi Cable Company, National Cables Industry,
The fire-resistant cable market report table of contents includes:
1. Executive Summary
2. Fire-Resistant Cable Market Characteristics
3. Fire-Resistant Cable Market Trends And Strategies
4. Fire-Resistant Cable Market – Macro Economic Scenario
5. Global Fire-Resistant Cable Market Size and Growth
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31. Global Fire-Resistant Cable Market Competitive Benchmarking
32. Global Fire-Resistant Cable Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fire-Resistant Cable Market
34. Fire-Resistant Cable Market Future Outlook and Potential Analysis
35. Appendix
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