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The fire-resistant cable global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Fire-Resistant Cable Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Fire-Resistant Cable Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Fire-Resistant Cable Market Overview
Market Drivers –
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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the fire-resistant cable market. Major companies operating in the fire-resistant cable market are developing product innovations to strengthen their position in the market. For instance, in April 2023, Nexans, a France-based provider of cable technology solutions, has launched Nexans Fire Safety, an all-in-one offer that includes state-of-the-art fire protection cabling solutions, modular wiring solutions, smart packaging, premium services, and digital tools. It ensures the safety of buildings against fire hazards and provides low fire-hazard cables that ensure lower smoke opacity and gas emissions and prevent the spread of flame, and reduce heat release.
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
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Regional Insights –
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
Key Companies –
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,
Table of Contents
1. Executive Summary
2. Fire-Resistant Cable Market Report Structure
3. Fire-Resistant Cable Market Trends And Strategies
4. Fire-Resistant Cable Market – Macro Economic Scenario
5. Fire-Resistant Cable Market Size And Growth
…..
27. Fire-Resistant Cable Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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