Press release
Fire‐Resistant Cable Market Expected to Reach USD 2.59 Billion by 2032 at 3.3% CAGR
Fire-Resistant Cable Market
Competitive landscape: Key players include Prysmian Group, Nexans, General Cable, LS Cable & System, NKT, Leoni, and EL Sewedy Electric.
Higher Demand: North America currently leads consumption, while Asia‐Pacific is the fastest‐growing region .
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United States: Growth & Opportunity
The U.S. - part of North America's 35%+ market share - benefits from stringent fire safety codes in high-rise and industrial sectors.
Opportunity: Surge in smart buildings, data centers, and infrastructure upgrades creates demand for advanced fire-resistant cables.
Trends: Adoption of halogen-free, low-smoke formulations (e.g., XLPE, LSZH) .
Consolidation: Major suppliers (Prysmian Group, Nexans, General Cable, NKT, LS Cable & System) are expanding via M&A and partnerships .
Updation: Ongoing tech developments target smart sensor integration and improved thermal stability for emergency circuits .
Asia‐Pacific: Trends & Opportunity
APAC currently holds ~44% market share and is forecast to grow fastest through 2032.
Opportunity: Rapid urbanization in China, India, SE Asia presents opportunities in residential, commercial, and industrial segments.
Trends: Focus on modular cable systems with built-in flame resistance and smoke suppression .
Consolidation: Local cable manufacturers partner with global giants to enhance capacity-Prysmian, Nexans, and LS Cable & System leading the way .
Updation: Investment into LSZH manufacturing plants to comply with green building standards .
Middle East & Africa: Growth & Consolidation
MEA is experiencing steady expansion aligned with regional economic growth and infrastructure projects.
Growth: Fire-resistant cable demand is rising in critical infrastructure, including power, transport, and oil & gas sectors.
Opportunity: Retrofitting ageing infrastructure and new projects create demand for specialized solutions.
Consolidation: Local distributors are forging alliances with NKT, EL Sewedy Electric, Nexans, and Prysmian to deliver turnkey solutions .
Updation: Adoption of eco-friendly cables in major Middle East smart city initiatives.
Europe: Opportunity & Trends
Europe covers about 25-30% of the current market and follows APAC in CAGR .
Opportunity: Investments in railways, airports, hospitals drive need for 60-120‐minute fire-rated cables.
Trends: Strong preference for LSZH, low-smoke, halogen-free insulated cables .
Consolidation: Industry leaders-Prysmian, Nexans, LS Cable & System, General Cable, NKT-are acquiring regional SMEs to boost local capacity .
Updation: Green-certified wiring mandated by EU building codes.
Mergers & Acquisitions & Key Recent Developments
Prysmian Group, Nexans, General Cable, LS Cable & System, NKT, Leoni, EL Sewedy Electric, Tratos are actively consolidating markets through M&A and capacity expansion.
Technological advancements: Development of XLPE and LSZH cables, smart fire-performance monitoring, and eco-material innovation.
Regulatory influence: New safety standards in North America and Europe require 120-minute fire-rated cabling in critical operations
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Fire-Resistant Cable Market Segmentation:
by Insulation
Material Cross-Linked Polyethylene
Low Smoke Zero Halogen
Polyvinyl Chloride
Ethylene Propylene Rubber
The market for fire-resistant cables is divided into three segments based on the insulation material: polyvinyl chloride, low smoke zero halogen, and cross-linked polyethylene. The market share of large fire-resistant cables is anticipated to remain held by the Cross-Linked Polyethylene category, which dominated the market in 2024.
by Voltage Range
Low Voltage
Medium Voltage
High Voltage
by End User
Automotive & Transportation
Building & Construction
Textile
Electrical & Electronics
Others
Automotive & Transportation, Building & Construction, Textile, Electrical & Electronics, and Others Building are the market segments based on end users. In 2024, the construction segment dominated the fire-resistant cable market, and it is anticipated to maintain its dominant market share for the foreseeable future.
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Fire-Resistant Cable Market Key Players:
North America
1. Southwire Company, LLC - United States
2. Advanced Digital Cable Inc. (ADC) - United States
3. nVent PYROTENAX - United States
4. Incab America LLC- United States
5. General Cable Corporation - United States
Europe
1. Prysmian Group - Italy
2. Nexans S.A. - France
3. NKT Group - Denmark
4. LEONI AG - Germany
5. Tratos Group - United Kingdom
Asia Pacific
1. KEI Industries Ltd.- India
2. Polycab India Limited - India
3. Dynamic Cables Pvt. Ltd. - India
4. Bhuwal Cables Limited- India
5. Relemac Technologies Pvt. Ltd.*- India
6. Far East Cable Co., Ltd. - China
7. Shanghai Shenghua Cable Group - China
8. Ningbo Orient Wires & Cables Co., Ltd. - China
9. Zhejiang Wanma Co., Ltd. - China
10. Sun Cable Co., Ltd. - China
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/fire-resistant-cable-market/274605/
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