Fire resistance cables, also known as circuit integrity (CI) cables, are defined as a cable that is capable of maintaining circuit integrity for a specified period during a fire. These cables normally have a solid conductor and a soft jacket. When these cables are exposed to high temperatures, the soft and flexible insulating material alters and transforms into a fire-resistance insulator, protecting the conductors. These cables are meant to give power and auxiliary control to fire alarm, voice alarm, and emergency lighting systems.
MARKET DYNAMICS
High demand for fire-resistant cables for fire safety & protection and Increasing fire safety standards & regulations globally are driving the growth of the fire resistance cable market. However, the Volatility in raw material prices may restrain the growth of the fire resistance cable market. Furthermore, the increasing demand for fire resistant cables for power generation, population growth and rapid urbanization translating to large number of construction projects, and increasing developments in the automotive industry are anticipated to create a market opportunity for the fire resistance cable market during the forecast period.
MARKET SCOPE
The "Global Fire Resistance Cable Market Analysis To 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The fire resistance cable market report aims to provide an overview of the fire resistance cable market with detailed market segmentation by insulation material, end-use industry, and geography. The global fire resistance cable market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fire resistance cable market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global fire resistance cable market is segmented on the basis of insulation material and end-use industry. Based on insulation material, the fire resistance cable market is segmented into ethylene propylene rubber-insulated (EPR), low smoke zero halogen (LSZH), polyvinyl chloride (PVC), cross linked poly ethylene (XLPE), and others. On the basis of end-use industry, the fire resistance cable market is segmented into automotive and transportation, building and construction, energy, manufacturing, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fire resistance cable market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The fire resistance cable market by each region is later sub-segmented by respective countries and segments. The fire resistance cable market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the fire resistance cable market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the fire resistance cable market in these regions.
IMPACT OF COVID-19 ON FIRE RESISTANCE CABLE MARKET
With the rise in cases of COVID-19 pnademic, the market has faced a negative impact on the demand for fire resistant cables. The fire-resistant cable market has observed a significant decline in its demand in 2020 as well as in the first quarter of 2021, owing to the COVID-19 impact across various end-use industries (majorly the construction, manufacturing & energy industries). Fire resistant cable manufacturers were affected in 2020 due to business shutdown mandates, social distancing norms, and limited local and state government office activities. However, the demand for fire resistant cables was hampered by the pandemic, majorly due to the decline in demand for these cables from the building & construction industry.
MARKET PLAYERS
The reports cover key developments in the fire resistance cable market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from fire resistance cable market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the fire resistance cable market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fire resistance cable market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Prysmian Group
- EL Sewedy Electric
- Elsewedy Electric Company
- Furukawa Electric Co., Ltd.
- Jiangnan Group Limited
- Leoni AG
- LS Cable and System Limited
- Nexans S.A.
- NKT Group
- Tratos Limited