Fire-Resistant Cable Market Report 2024 - Analysis, Competition, Forecasts And Opportunities, 2024-2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Fire-Resistant Cable Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.32 billion In 2028 At A CAGR Of 3.8% :

The fire-resistant cable market size has grown steadily in recent years. It will grow from $1.91 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to urbanization and infrastructure growth, industry-specific demand, awareness and education, environmental impact and sustainability, economic conditions and market growth..

The fire-resistant cable market size is expected to see steady growth in the next few years. It will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to incidence of fire accidents, environmental concerns & sustainable solutions, rising awareness of fire hazards, industry-specific applications, infrastructure development & urbanization.. Major trends in the forecast period include stringent safety regulations, advance safety solution, rising awareness of fire safety, expanding industrial applications, technological advancement.

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Fire-Resistant Cable Market Major Segments
The fire-resistant cable market covered in this report is segmented -

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

Key Driver - The Surging Demand For Fire-Resistant Cables In The Growing Electricity Generation Landscape

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. For instance, in 2021, according to a report issued by the Energy Information Administration (EIA), a US-based agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, in 2021, net energy generation from utility-scale facilities in the United States is expected to be around 4,116 billion kilowatt hours (kWh). According to the EIA, small-scale solar photovoltaic (PV) systems produced an additional 49.03 billion kWh (or around 0.05 trillion kWh). Moreover, an increase of around 61% of utility-scale electricity output in the United States was generated by fossil fuels (coal, petrol, and diesel), 19% by nuclear energy, and 20% by alternative energy sources. Therefore, increasing electricity generation is driving the growth of the fire-resistant cable market.

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Prominent Trend - Nexans Takes The Lead With Cutting-Edge Offerings In Fire Safety Technology

Product innovations have emerged as the key trend gaining popularity in the fire-resistant cable market. Major companies operating in the fire-resistant cable market are developing product innovations to strengthen their position in the market. For instance, in April 2023, Nexans, a France-based provider of cable technology solutions, has launched Nexans Fire Safety, an all-in-one offer that includes state-of-the-art fire protection cabling solutions, modular wiring solutions, smart packaging, premium services, and digital tools. It ensures the safety of buildings against fire hazards and provides low fire-hazard cables that ensure lower smoke opacity and gas emissions and prevent the spread of flame, and reduce heat release.

Fire-Resistant Cable Market Players
Major companies operating in the fire-resistant cable market report 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, RR Kabel Ltd., Jiangnan Group Limited, Tele-Fonika Kable SA, Bambach Cables, Eland Cables, Top Cable, Belden Inc., Southwire Company LLC, Polycab India Limited, KEI Industries Limited, Finolex Cables Ltd., Havells India Limited, Lapp Group, Caledonian Cables Ltd., Ducab, Oman Cables Industry, Riyadh Cables Group of Companies, Bahra Cables Company, Alfanar Group, Saudi Cable Company, National Cables Industry,

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Largest And Fastest Growing Region In The Market
Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fire-resistant cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Fire-Resistant Cable Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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