Press release
Fire Resistant & Fire Performance Cable Market 2022: Growing Demand Analysis by Companies Strategy, Developments, Market Position, Opportunities, and New Product Launches
The Fire Resistant & Fire Performance Cable Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Fire Resistant & Fire Performance Cable market growth.The Global Fire Resistant & Fire Performance Cable Market Size is Projected to Reach at a CAGR of 4% during 2022-2027.
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Market Overview:
The availability of cheap and duplicates of original branded products is a major challenge for the fire-resistant cable market. These products are generally available at competitive rates than the original products and are comparatively inferior in quality. Leading players are facing challenges from the unorganized sector which offers inexpensive products, particularly in the emerging economies of China and India. In such a competitive environment, it is challenging for the leading market players to enable profit margins and compete with the small unorganized players, which leads to a negative impact on the balance sheets of leading players.
Top Leading Companies:
ALMAS CABLE, Cables Britain, BATT Cables, RS Components, Draka, RR Kabel, Qing Cables, Reka Cables Ltd, AEI Cables, Cleveland Cable Company, Ducab, Nexans, THORNE & DERRICK, FP Cables, MICC Ltd, Eland Cables
Recent Developments
In April 2021, NKT Group entered into a frame agreement for high voltage cables with the French Transmission System Operator, Réseau de Transport d’Electricité (RTE) for the renewal and modernization of the power grid in France.
In 2021, Jiangnan Group plans to install four imported cross-linked cable production lines, including two production lines for 35kV ultra-high-speed medium-voltage crosslinked cables, one production line for 110kV PP cables and one production line for 110kV cross-linked cables and import two German concentric stranding machines in 2021.
In November 2020, NKT Group entered into service agreements with Elia, 50 Hertz, and Nemo Link with the purpose of ensuring the efficient integration of energy into the Belgian, UK, and German power grids.
In October 2020, NKT Group entered into a frame agreement for low and medium voltage power cables with Ellevio to ensure the timely reinforcement and development of the power grid in central Sweden.
Fire Resistant & Fire Performance Cable Market Segmentation by Type:
Fire Rated30 minutes
Fire Rated60 minutes
Fire Rated120 minutes
Fire Resistant & Fire Performance Cable Market Segmentation by Application:
Power
Communication
Machinery
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APAC region to lead the global fire-resistant cable market
The APAC region accounted for the largest market share in 2020. The demand for fire-resistant cables in APAC is mainly driven by China, India, and ASEAN countries, which are experiencing substantial growth in the end-use industries. Increasing population and rapid urbanization are among the key factors expected to propel industry expansion in the region during the forecast period. Growing manufacturing, building & construction, and automotive & transportation industries, among others in several APAC countries are fueling the demand for fire-resistant cables in the region.
Regional Fire Resistant & Fire Performance Cable Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Fire Resistant & Fire Performance Cable Market Report:
Detailed overview of Fire Resistant & Fire Performance Cable Market
Changing the Fire Resistant & Fire Performance Cable market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Fire Resistant & Fire Performance Cable market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Fire Resistant & Fire Performance Cable Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Fire Resistant & Fire Performance Cable Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Fire Resistant & Fire Performance Cable industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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