United States & Asia Low Smoke Halogen-Free Cable Materials Market Segmentation On The Basis Of Elevator Type, Service, Geography And Forecast To 2026

United States & Asia Low Smoke Halogen-Free Cable Materials Market Analysis

According to Verified Market Research, the United States & Asia Low Smoke Halogen-Free Cable Materials Market was valued at USD 278.77 Million in 2018 and is expected to witness a growth of 7.0% from 2019-2026 and reach USD 473.03 Million by 2026.

What is Low Smoke Halogen-Free Cable Materials Market?

Low smoke halogen-free cable materials, also referred to as low smoke zero halogens (LSZH) is a distinctive material that is utilized for cable sheath in the wire & cable industry. In the case of a fire, halogen-containing materials emit corrosive and toxic gases. The corrosive gases can damage the equipment in the surrounding, such as electronic equipment. In the case of combustion, low smoke halogen- free cable materials limit the emission of toxic and corrosive gases.

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Low smoke halogen free cable materials have various advantages such as flexibility and elasticity, flame retardant properties, good physical mechanical property (tensile strength and wear resistance), good heat resistance and excellent electrical properties. These characteristics aid the low smoke halogen free cable materials market to grow.

United States & Asia Low Smoke Halogen-Free Cable Materials Market Market Outlook

Low smoke halogen free cables can increase human safety as they emit less toxic and corrosive gas during combustion, especially when in comparison to traditional cable insulation and sheathing materials. Low smoke halogen free cables were initially intended for installation in small, confined spaces where the risk of corrosion and toxicity from smoke generated in a fire by legacy cables would be particularly problematic.

Currently, low smoke halogen free cables alternatives are available for data and telecom cables, fiber optic cables and appliance wires and cables. The absence of halogenated materials makes low smoke halogen free cables a reasonable choice for new construction projects where environmental and sustainability considerations are involved.

While factors such as the potential for low smoke halogen cables to increase human safety as well as the increasing applications of the cables in various industries are aiding the growth of the market, there is also increased confusion among both cable manufacturers and cable buyers regarding not only the terminology around these products, but also which standards can be used to satisfactorily evaluate and test those cable products and cable components purporting to be low-smoke and halogen free.

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United States & Asia Low Smoke Halogen-Free Cable Materials Market Market Segmentation

The United States & Asia Low Smoke Halogen-Free Cable Materials Market Market is classified on the basis of Type, Service, Elevator Technology, End-use Sector, and Geography. The gist of breaking down the market into various segments is to gather information about various aspects of the market.

On the basis of Elevator Type, the market is bifurcated on the basis of Passenger Elevators, Freight Elevators, and Others. A passenger lift is a completely enclosed lift car that travels vertically within a specially prepared lift shaft, while freight elevators are designed to move goods and materials. The demands for passenger lift are growing and expected to boom over the forecast period. Thus, the market for passenger elevators is expected to hold the largest share in the market.

On the basis of Service, Maintenance & Repair accounted for the largest market share in 2018, with a market value of USD xx Million and is projected to grow at the highest CAGR during the forecast period. Modernization was the second-largest market in 2018, valued at USD xx Million in 2018
In terms of Geography, the market was dominated by the Asia Pacific in 2018, with China, Japan, and Mexico accounting for the majority of the shares in this region. The Asia Pacific was also the fastest growing region in the global market.

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United States & Asia Low Smoke Halogen-Free Cable Materials Market Market Competitive Landscape

The “United States & Asia Low Smoke Halogen-Free Cable Materials Market Market” study report offers a valuable insight with an emphasis on global market including some of the major players such as Fujikura Ltd., Sumitomo Electric, General Cable, E. I. Du Pont De Nemours and Company, Hitachi Chemical LTD, SAB Cable, and Nexans, Furukawa Electric Co., Ltd. and SouthWire. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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