Press release
Technology Adoption: Global Fire Rated Cables Market Anticipated for Progressive CAGR Growth During 2018-2028
In all fire tragedies, heat, toxic fumes, and smoke act as primary hindrances in the safe evacuation of an area, a plant or a building. Fire rated or fire resistance cables offer features, such as fire resistance, low toxic gas emission & smoke, long term circuit integrity in a fire, flame retardant properties, easy & cost effective installation and zero halogen gases.
Fire safety or fire protection cables are categorized as rated flame retardant and fire rated cables. The major difference between flame retardant cables and fire rated cables is that flame retardant cables are designed to only restrict the spreading of a fire by preventing combustion and on the other hand, fire rated cables, also referred to as circuit integrity cables or fire resistive cables, are capable of functioning in the presence of fire for a specified time under defined conditions. These cables are specially designed to maintain circuit integrity during a fire. They are good flame retardants known for their favourable characteristics, such as excellent electrical and mechanical properties.
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Fire rated cables are easy to install cables that play an important role in assuring the orderly shutdown of systems and evacuation of building occupants. Fire rated cables are capable of maintaining continuity as well as circuit integrity of electrical circuits, such as electric heaters, furnaces, ovens, heating & air conditioning equipment, kilns, cooking equipment, appliances, lighting fixtures, fire safety equipment and alarm systems for a longer duration in the event of a fire. The global fire rated cables market is estimated to be driven by safety standards in various commercial and residential buildings as well as standards that ensure the safety of roadway tunnels, refineries and transit systems. A fire rated cable consists of insulation and a fire proof layer that can survive high temperature ranging from 750°C to 950°C.
Fire Rated Cables Market: Dynamics
Drivers
Safety & security regulations, especially in countries, such as the U.S., Europe, and Japan are forecasted to support growth of the global fire rated cables market.
Favorable characteristics, such as the ability to withstand high temperatures (750°C-950°C), low toxicity, non-corrosiveness and low smoke emission during a fire are estimated to drive the global fire rated market.
Restraints
The high cost of fire rated cables, as compared to other fire protection cables may hamper growth of the market, especially in cost sensitive regions, such as Asia-Pacific and Middle East & Africa.
Fire Rated Cables Market: Segmentation
The global fire rated cables market can be segmented on the basis of construction as: single core fire rated cables and multicore fire rated cables.
The global fire rated cables market can be segmented on the basis of type as: unarmored, armored, and braided and others.
The global fire rated cables market can be segmented on the basis of application as: residential application, commercial application and industrial application.
Fire Rated Cables Market: Regional Outlook
The Asia Pacific fire rated cables market is estimated to witness rapid growth, owing to an increase in stringent safety standards and growth in building & industrialization. Europe and North America are estimated to dominate the fire rated cables market over the forecast period, owing to high safety & security measures mandated by governments. The Japan fire rated cables market is estimated to grow at a significant rate, owing to consumer behavior of adopting safety measures.
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Fire Rated Cables Market: Market Participants
Examples of some of the market participants in the global fire rated cables market, identified across the value chain include:
Prysmian Group
Nexans S.A
Elsewedy Electric
TPC Wire & Cable Corp.
Relemac Technologies Pvt. Ltd.
RR Kabel
RSCC Wire and Cable
FirstFlex
Cleveland Cable Company
Universal Cable (M) Berhad
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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