The next 10 years to see marked organic growth of the Fire Rated Cables Market
Fire rated cables, also referred to as circuit integrity cables or fire resistive cable are cables capable of functioning in the presence of fire for a specified time under defined conditions. These cables are specially designed to maintain circuit integrity and for interconnections of various compartments within large buildings or complexes during a fire outbreak. They are good flame retardants known for their favorable characteristics, such as excellent electrical and mechanical properties. 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. They 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.
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Fire Rated Cables Market: Dynamics
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. Additionally, 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 market.
Difficult to install MI cables, expensive fire rated structures and fire blankets or wraps can be replaced by fire rated cables. NICEIC has already highlighted through national shows and seminars the importance of using fire rated cables in electrical installations.
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.
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Fire Rated Cables Market: Regional Outlook
On the basis of region, the Latin America fire rated cables market is estimated to be driven by countries, such as Mexico and Brazil, due to positive economic growth predictions. It is expected that government policies in the U.K. will promote growth of the global fire rated cables market.
For example, the national standard for electrical installations in the U.K. is IEE Regulations - BS 7671, which promotes the use of fire resistant fastenings and fixings.
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 global market over the forecast period, owing to high safety & security measures mandated by governments in these regions.
The Japan fire rated cables market is estimated to grow at a significant rate, owing to consumer behavior of adopting safety measures. On the other hand, Middle East & Africa are estimated to register stable growth over the same time frame.
Fire Rated Cables Market: Key Players
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
• Cleveland Cable Company
• Universal Cable (M) Berhad
• Cavicel S.p.A
• Helkama Bica
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