Fire-Resistant Cable Market to offer a healthy CAGR of 3.8% during 2020-25
February 13, 2020
Fire-Resistant Cable Market Overview:
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.
Report Overview:
This new report from Stratview Research analyses the Fire-Resistant Cable Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Fire-Resistant Cable Market Segment Insights:
Insulation Material Type: XLPE, PVC, LSZH, EPR, and others
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.
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https://www.stratviewresearch.com/toc/751/fire-resistant-cable-market.html
End-Use Industry Type: building & construction, automotive & transportation and others
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.
A highly/moderately/fragment consolidated Market
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.
Region: Asia-Pacific is expected to be the fastest-growing market for fire-resistant cables
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.
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