Press release
Fire Resistance Cable Market to Witness Comprehensive Growth by 2030
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 of 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.
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The fire resistance cable market is those cables designed for functioning and maintaining continuous operations in 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-resistant cable market.
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 on the basis of insulation material, end-use industry, and region. By insulation material, the fire-resistant cable market is divided into ethylene propylene rubber-insulated (EPR), low smoke zero halogens (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 halogens (LSZH) is expected to expand at the fastest rate.
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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. The increasing population and growing urbanization are expected to drive industrial expansion in the region.
The major companies profiled in this fire resistance cable industry report include EL Sewedy Electric Company, Furukawa Electric Co., Ltd., Leoni AG, LS Cable & System Limited, Nexans S.A., NKT Group, Prysmian Group, Relemac Technologies Pvt. Ltd, TPC Wire & Cable Corp., and Tratos Limited.
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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.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Access the Full Report @ https://www.alliedmarketresearch.com/fire-resistance-cable-market-A14496
The fire resistance cable market is those cables designed for functioning and maintaining continuous operations in 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-resistant cable market.
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 on the basis of insulation material, end-use industry, and region. By insulation material, the fire-resistant cable market is divided into ethylene propylene rubber-insulated (EPR), low smoke zero halogens (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 halogens (LSZH) is expected to expand at the fastest rate.
Get a PDF brochure for Industrial Insights and Business Intelligence @ https://www.alliedmarketresearch.com/request-sample/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. The increasing population and growing urbanization are expected to drive industrial expansion in the region.
The major companies profiled in this fire resistance cable industry report include EL Sewedy Electric Company, Furukawa Electric Co., Ltd., Leoni AG, LS Cable & System Limited, Nexans S.A., NKT Group, Prysmian Group, Relemac Technologies Pvt. Ltd, TPC Wire & Cable Corp., and Tratos Limited.
Enquiry 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.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
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