Press release
Fire Resistant Cable Market Size 2022 with 8.87% CAGR : Recent Innovations & Technological Advancements in Report, Value Chain Analysis Till 2029
The Global Fire Resistant Cable Market is forecast to reach above USD 5.8 billion by 2029 by rising at a compound annual growth rate (CAGR) of 8.87% throughout the forecast period from 2020 to 2029Fire Resistant Cable Market Overview
Due to the rising need for fire-resistant cables in the building & construction, industrial, energy, and automotive industries, the market for fire-resistant cables is anticipated to experience considerable expansion in the coming years. The use of fire-resistant cables has also been boosted by rising fire safety awareness, a quick rate of industrialization and urbanisation, and the implementation of fire safety legislation by governments across the world.
Increased demand for fire-resistant cables from the building and construction industry, stricter safety and security regulations in various countries, and rising energy production have all propelled the global market for fire resistance cables. In the upcoming years, it is anticipated that the need for fire-resistant cables would increase due to grid maintenance, infrastructure replacement, the conversion of overhead lines to subterranean lines, and the global growth of rail networks. On the other side, the fluctuation of raw material prices serves as a market restriction.
The global Fire Resistant Cable market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
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.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Fire Resistant Cable market manufacturers. The revenue created from the sales of Fire Resistant Cable Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are Prysmian Group, Nexans S.A., NKT Group, Leoni AG, LS Cable & System Limited, Jiangnan Group Limited, Tratos Limited, EL Sewedy Electric Company, and Furukawa Electric Co., Ltd and Others.
The Fire Resistant Cable Market has been segmented as below:
Fire Resistant Cable Market by Insulation Material, 2020-2029, (USD Millions. Thousand Units)
XLPE
PVC
EPR
LSZH
Fire Resistant Cable Market by End-Use, 2020-2029, (USD Millions. Thousand Units)
Automotive and Transportation
Building and Construction
Energy
Manufacturing
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Fire Resistant Cable Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Fire Resistant Cable market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
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Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Fire Resistant Cable Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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