Fire-Resistant Cable Market to experience an impressive growth of 3.8% during 2020-2025

Fire-Resistant Cable Market to experience an impressive growth of 3.8% during 2020-2025

January 28, 2020

Fire-Resistant 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 in the usage of fire-resistant cables for various end-use industries. The global fire-resistant cable market is likely to witness a CAGR of 3.8% during the forecast period. 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-resistant cable market.

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Fire-Resistant Cable Market Segment Insights:

By Insulation Material Type:

Based on the 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:

Based on the 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 market during the forecast period. Rapid urbanization and rising safety standards drive the growth of this segment.

By Region:

In terms of regions, Asia-Pacific is expected to be the fastest-growing market for 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.

Key Players:

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.

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Features of the Report

This report offers high-quality insights and is the outcome of 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.

Based on the research, a proper report is crafted with the following key features:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors 

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