Fire Resistance Cable Market to Witness Exponential Growth by 2030 - Nexans SA, Furukawa Electric, TPC Wire & Cable, etc

Limited Growth Opportunities Likely to Curb Fire Resistance Cable Market Growth Over 2030

WILMINGTON, DELAWARE, UNITED STATES, April 24, 2024 /EINPresswire.com/ -- Fire resistance cable market are those cables designed for functioning and maintaining continuous operations in the fire conditions. Fire safety regulations of different countries create a push for the usage of fire resistance cables for various end-use industries. Rapid growth in industrialization and urbanization, increasing awareness regarding fire safety accidents, and regulatory standards of fire safety across regions are fueling the global fire resistance cable market. The fire resistance cable market size was valued at $1.8 billion in 2020 and is projected to reach $2.5 billion by 2030, at a CAGR of 3.5% from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/14865

Fire resistance cable is also known by other names, such as fire-survival cable, fire-performance cable, or fire-resistance cable. These cables have a higher resistance to burning, a higher temperature, more flexibility, less toxicity, and smoke, and produce less acid gas. Furthermore, such cables must be built of high-quality materials to be acceptable for uses with greater mechanical load signals and to be effective enough to safeguard the power supply during or after a fire incident.

The construction and building application sector continues to lead the global fire-resistance cable market, owing to global industrialization and urbanization. Most users prefer high-quality cables and wiring to avoid future repair costs. Furthermore, several advantages of fire-resistance cable, such as its non-corrosive nature, superior mechanical and electrical capabilities, and highly flame-retardant features, are linked to the growth of the global fire-resistance cable market. The price of raw materials and the amount of energy required to make fire-resistance cables are continually changing. The value chain, which comprises procurement and operating expenses, is directly affected by the fluctuating prices of these components.

The global fire resistance cable market analysis has been done based on insulation material, end-use industry, and region. By insulation material, the fire resistance cable market is divided into ethylene propylene rubber-insulated (EPR), low smoke zero halogen (LSZH), Polyvinyl Chloride (PVC), Cross Linked Poly Ethylene (XLPE), and others. The cross-linked polyethylene (XLPE) segment accounted for the substantial market share of fire resistance cable in terms of value and is estimated to lead the overall market in the coming years. This could be due to increased demand from developing countries such as China and India. In addition, in the future years, low smoke zero halogen (LSZH) is expected to expand at the fastest rate.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/14865

By end-use industry, building & construction is projected to be the fastest-growing segment in the fire-resistance cable market. Increasing awareness about the safety of buildings among the masses has led to an increase in demand for fire-resistance cables. These cables find applications in the distribution of power in almost every commercial and residential building. Increasing construction activities are driving the fire-resistance cable market in the building & construction industry.

By region, the Asia-Pacific region was one of the most prominent regions in the market. India, China, and ASEAN nations, which are seeing significant expansion in end-use sectors, are likely to drive demand for fire-resistance cables in the Asia-Pacific region. Increasing population and growing urbanization are expected to drive industrial expansion in the region.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Fire Resistance Cable industry's key market players adopt various strategies such as product launches, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐅𝐢𝐫𝐞 𝐑𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐂𝐚𝐛𝐥𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

TPC Wire & Cable Corp.
Nexans S.A.
Prysmian Group
Leoni AG
Tratos Limited
LS Cable & System Limited
EL Sewedy Electric Company
NKT Group
Furukawa Electric Co., Ltd.
Relemac Technologies Pvt. Ltd

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/14865

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲:

- By region, Asia-Pacific is projected to grow at the highest CAGR of nearly 3.8%, in terms of revenue, during the fire resistance cable market forecast period.
- By insulation material, the cross-linked polyethylene segment accounted for the largest fire-resistance cable market share in 2020.
- By end-use industry, the building & construction segment garnered the largest market share in 2020.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐏𝐨𝐰𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝟏. 𝐇𝐢𝐠𝐡 𝐕𝐨𝐥𝐭𝐚𝐠𝐞 𝐂𝐚𝐛𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2020/05/13/2032806/0/en/High-Voltage-Cables-Market-to-Reach-23-4-Billion-by-2027-AMR.html

𝟐. 𝐖𝐢𝐫𝐞𝐝 𝐂𝐡𝐚𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/wired-charging-market-to-reach-15-9-bn-globally-by-2030-at-3-9-cagr-allied-market-research-301469650.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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David Correa
Allied Market Research
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