Fire-Resistant Cable Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
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Fire-Resistant Cable Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
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Fire-Resistant Cable Market is Segmented by Insulation Material Type (XLPE, PVC, LSZH, EPR, and Others), by End-Use Industry Type (Building & Construction, Automotive & Transportation, Manufacturing, Energy, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Fire-Resistant Cable Market is Segmented by Insulation Material Type ...
The global fire-resistant cable market is estimated to grow from USD 1.97 billion in 2022 to USD 2.4 billion by 2028 at a CAGR of 3.2% during the forecast period.
Fire-resistant cable is a type of electrical cable designed to maintain its functionality for a specified time during a fire. These cables are constructed with materials that can withstand high temperatures and prevent the spread of flames and smoke. The primary goal is to maintain the integrity of the electrical circuit and communication systems even in the presence of a fire, allowing critical systems to continue functioning for an extended period.
Global Fire-Resistant Cable Market Report Overview
Market Size in 2028
USD 2.4 Billion
Market Size in 2022
USD 1.97 Billion
CAGR (2023-2028)
3.2%
Base Year of Study
2022
Trend Period
2017-2021
Forecast Period
2023-2028
Market Dynamics
Driver: Surge in demand for fire-resistant cables
Fire-resistant cables, also known as fire-proof or fire survival cables, are designed to maintain circuit integrity during fires. They offer high resistance to combustion, high temperatures, and low smoke emissions, reducing the generation of acid gases. These properties protect human life and are in high demand across various industries due to public safety concerns. The global market is experiencing growth opportunities for fire-resistant cables, indicating the need for their use in various industries for fire protection and safety during incidents.
Opportunity: Increase in demand for fire-resistant cables for power generation
The International Energy Agency reports a 4.5% increase in global electricity demand in 2021, with 80% of the increase in demand coming from emerging markets and developing economies. China alone accounts for half of global growth. The US Energy Information Administration predicts the global energy demand will reach 736 quadrillion Btu by 2040, with non-OECD countries like India and China accounting for over half of global total energy consumption. This demand is expected to be met by new generation capacity additions, requiring new transmission and distribution infrastructure and creating opportunities for the fire-resistant cable market.
Key Players
Some of the fire-resistant cable top manufacturers are-
XLPE segment is estimated to register the highest growth in the coming five years
End-Use Industry-Type Analysis
Building & Construction, Automotive & Transportation, Manufacturing, Energy, and Others
Building & construction segment is expected to lead the market during the forecast period.
Regional Analysis
North America, Europe, Asia-Pacific, and the Rest of the World
Asia-Pacific is expected to be the fastest-growing market in the coming five years.
By Insulation Material Type
The market is segmented as XLPE, PVC, LSZH, EPR, and others. The XLPE segment is estimated to register the highest growth in the coming five years. This growth is attributed to the increasing demand for fire-resistant cables from end-use industries.
By End-Use Industry Type
The market is segmented as building & construction, automotive & transportation, manufacturing, energy, and others. The building & construction segment is expected to lead the marketduring the forecast period. Rapid urbanization and rising safety standards drive the growth of this segment.
By Region
Asia-Pacific is expected to be the fastest-growing marketfor fire-resistant cables in the coming five years. China and India are the growth engines of the region. The market is sustained by the rising demand from end-use industries and growing safety standards. North America and Europe are also likely to offer sizeable growth opportunities in the coming five years.
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Research Methodology
This fire-resistant cable market report offers high-quality insights and results from a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This fire-resistant cable market report provides intelligence most comprehensively. The sports nutrition market report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players and those willing to enter the market.
What Deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Fire-Resistant Cable Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and what is their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirements?
10% free customization
Customization Option
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to 3 players)
SWOT analysis of key players (up to 3 players)
Market Segmentation
Current market segmentation of any one of the end-use industry types by insulation material type.
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
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Fire-resistant cable is a type of electrical cable designed to maintain its functionality for a specified time during a fire. These cables are constructed with materials that can withstand high temperatures and prevent the spread of flames and smoke. The primary goal is to maintain the integrity of the electrical circuit and communication systems even in the presence of a fire, allowing critical systems to continue functioning for an extended period.
Some of the fire-resistant cable manufacturers are Prysmian Group, Nexans S.A., General Cable Corporation, NKT Group, Leoni AG, LS Cable & System Ltd., EL Sewedy Electric Company, Tratos Limited, Jiangnan Group Limited, and Tele-Fonika Kable SA.
