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Fire-Resistant Cable Market 2023 : Trends, Business Growth And Major Driving Factors | LS Cable & System Ltd., Nexans SA, Prysmian SpA, Tratos Limited, EL Sewedy Electric Company
Fire-Resistant Cable Market
Fire-Resistant Cable Market Size, Growth Rate, And Forecast
The global fire-resistant cable market size is expected to grow from $1.82 billion in 2022 to $1.91 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fire-resistant cable market size is expected to reach $2.22 billion in 2027 at a CAGR of 3.8%.
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Fire-Resistant Cable Market Drivers
The increasing electricity generation is expected to propel the growth of the fire-resistant cable market going forward. Electricity generation refers to producing electricity through the primary sources of power. The generation of electricity benefits the fire resistance cable market because these cables are designed to convey electrical energy under the severe circumstances that occur during a fire, ensuring that power is available to emergency devices such as signaling, air extractors, sound alarms, pumping water, and others.
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Fire-Resistant Cable Market Segments
1) By Insulation Material: Ethylene Propylene Rubber-Insulated (EPR), Low Smoke Zero Halogen (LSZH), Polyvinyl Chloride (PVC), Cross Linked Poly Ethylene (XLPE), Other Types
2) By Voltage: 15kV, 16-30 KV, >30KV
3) By End-Use Industry: Automotive And Transportation, Building And Construction, Energy, Manufacturing, Other End-Use Industries
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Fire-Resistant Cable market.
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Fire-Resistant Cable Market Key Players
Major players in the fire-resistant cable market are LS Cable & System Ltd., Nexans SA, Prysmian SpA, Tratos Limited, EL Sewedy Electric Company, Leoni AG, NKT A/S, Relemac Technologies Pvt Ltd., TPC Wire & Cable Corp, General Cable Corporation, Universal Cable (M) Bhd., Furukawa Electric Co. Ltd., Elsewedy Electric S A E, and RR Kabel Ltd.
The Business Research Company's "Global Fire-Resistant Cable Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Fire-Resistant Cable Market Include:
1. Executive Summary
2. Fire-Resistant Cable Market Characteristics
3. Fire-Resistant Cable Market Trends And Strategies
4. Fire-Resistant Cable Market - Macro Economic Scenario
5. Fire-Resistant Cable Market Size And Growth
……
27. Fire-Resistant Cable Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fire-Resistant Cable Market
29. Fire-Resistant Cable Market Future Outlook and Potential Analysis
30. Appendix
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