Global Fire-Resistant Cable Market to reach USD 2.3 billion by 2026

Global Fire-Resistant Cable Market is valued approximately at USD 1.76 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 3.2% over the forecast period 2019-2026. The driving force for the growth of the Fire-Resistant Cable Market is recorded by the rising demand for fire resistant cable from the building & construction, automotive & transportation, as well as increasing regulations for fire safety across geographies. Fire resistant cables is a type of fireproof cables consist of high resistance to combustion, temperature, primarily utilized for protection from fire, heat and smoke. Moreover, these fire-resistant cables are utilized for wiring and also for interconnected purpose in non-residential and residential areas. These cables are easy to install although the glazing must be fire resistant and also maintains the reliability of the electrical circuits. The government regulations and norms made for end-use applications such as office and other commercial buildings regarding safety and security is strengthen the adoption of fire-resistant cables among the end-use industries. Escalating demand for passive fire protection equipment and systems in commercial buildings, rising awareness about the fire safety norms, rapid industrialization in developing economies, along with growing stringency of building safety regulations are the few factor responsible for high CAGR of the market over the forecast period. For instance, In U.S., National Fire Protection Association (NFPA) has announced over 300 consensus codes and standards, which are intended to reduce the possibilities and effects related to fire. Also, in India, Bureau of Indian Standards (BIS) has formulated over 150 standards on fire safety in buildings and firefighting equipment & systems to eliminate the risk associated with fire. This in turn is projected to leverage the demand for fire resistant cables all over the world. However, high costs of fire-resistant cables are the major factor constraining the growth of global fire-resistant cables market during the forecast period.

The regional analysis of global Fire-Resistant cables Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of fire safety rules & regulations, as well as building safety standards along with the growth of construction industry in the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period due to surging demand for fire resistant cables in the development of commercial and residential infrastructure across the region.
Major market player included in this report are:

Rysmian Group
Nexans S.A.
Elsewedy Electric
TPC Wire & Cable Corp.
Leoni AG
Tianjin Suli Cable Group
Keystone Cable
Tratos Limited
NKT Group
EL Sewedy Electric Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors& challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By End-Use Industry:
Building & Construction
Automotive & Transportation
Manufacturing
Energy
By Insulation Material:
XPLE
LSZH
PVC
EPR
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Fire Resistant Cable in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors