Global Fire Resistant Cable Market Size was valued nearly USD 1,580 million by 2017 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 3.51% during the forecast period that is 2017-2025. Fire resistant cables are basically designed for augmented fire resistance. Fire resistant cables can resist the spread of fire, but due to fire the cable is fully destroyed and no circuit integrity is assured. This type of cables is not intended to assure service during a fire but is chosen to prevent the flame spreading. Fire resistant cables maintain circuit integrity and continue to work in the presence of fire. It is used in numerous applications such as fire alarm systems, emergency lighting, voice alarm systems, and others.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global fire resistant cable market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global fire resistant cable market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.   

Market Dynamics

Fire Resistant Cable Market was valued USD 1,580 million in the year 2017, and is growing at CAGR of 3.51% during the analysis period. Growth of this market can be attributed to the growing demand for fire resistant cables from the building & construction industry. In addition, rising disposable income in developing regions is also expected to boost the growth of the fire-resistant cable market. Furthermore, safety & security regulations, specifically in countries, such as the U.S., Europe and Japan are anticipated to boost the growth of the global fire-resistant cables market. Additionally, favorable characteristics, such as the ability to withstand extreme temperatures (750°C-950°C), low toxicity, non-corrosiveness and low smoke emission during a fire are expected to propel the market. However, volatile prices of raw materials are one of the significant factors expected to hamper the market growth during the forecast period. One of the challenges fire resistant cable market is facing availability of cheap and alternative products. Conversely, increasing power generation across the globe to offer lucrative growth opportunities for the market during the projection period.

Segment Analysis 

By Insulation Material Type Insights: On the basis of insulation material, the fire-resistant cable market is bifurcated into XLPE, LSZH, EPR, PVC, and others. By type, the XLPE segment is anticipated to grow at the highest growth rate during the analyses period, owing to the rising demand for XLPE insulation in fire safety for numerous end-use industries such as building & construction, automotive & transportation, and others. Fire resistant cable maintains circuit integrity.

By End-Use Industry Analysis: On the basis of end-use industry, the fire-resistant cable market is bifurcated into building & construction, automotive & transportation, manufacturing, energy. The building & construction is expected to be the dominant end user. The rapid urbanization and need for fire safety are major factors propelling the building & construction industry.

Regional Analysis

The global fire resistant cable market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Asia Pacific is anticipated to be the fastest-growing region for fire resistant cable market during the analysis period. Countries in Asia Pacific region have huge prospects for the fire-resistant cable market because of the rising end-use industries such as building & construction, manufacturing, automotive & transportation, and others. China is one of the largest consumers of fire-resistant cable in the Asia Pacific region. The rapid increase in manufacturing industry in China is a significant factor leading to the growth of the fire-resistant cable market in the country. Increased demand for fire safety is another factor propelling the adoption of fire-resistant cable in China.

Global Fire-Resistant Cable Market Size, Share Analysis, By Region 2017

Global Fire-Resistant Cable Market Study Objective

1. To forecast the market size of fire-resistant cable market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of fire-resistant cable market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of fire-resistant cable market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of fire-resistant cable market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the fire-resistant cable market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of fire-resistant cable market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of fire-resistant cable market commercially.

Key Players Operating In Fire Resistant Cable Market

Key players of fire-resistant cable market Prepression Group, Nexans S.A, General Cable Corporation, NKT Group, Leoni AG, LS Cable & System Ltd., EL Sewedy Electric Company, Universal Cable (M) Berhad, Tratos Limited, Jiangnan Group Limited, Dubai Cable Company (Private) Ltd., Tele-Fonika Kable SA, Tianjin Suli Cable Group, and Keystone Cable. The other players in the value chain of fire-resistant cable market include Top Cable, Bahra Advanced Cable Manufacture Co. Ltd., Siccet SRL, Middle East Specialized Cables Company, Walsin Lihwa Corporation, Cavicel S.P.A, and ST Cable Corporation

Global Fire Resistant Cable Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.