Fire resistant cable, as the name suggests, are designed to resist fire. One way of doing this is to design a fire resistant cable to maintain circuit integrity under critical conditions. The main objective of a fire resistant cable is to limit the propagation of flames and resist combustion. Fire resistant cables are used in the wiring of fire resistant safety circuits, high-temperature installation conditions, and to control and measure services in residential, industrial, and commercial complexes. Fire resistant cables are developed to maintain circuit integrity in case of a fire and ensure safe evacuation with no detrimental effects of smoke and toxic gases.
MARKET DYNAMICS
The fire resistant cable market is anticipated to grow in the forecast period owing to improvements in the quality of fire resistant cable coupled with the growing demand for fire resistant cables from the building and construction industry. The safety and security regulations in countries like the U.S, Europe, and Japan has boosted the growth of fire resistant cable market. However, volatile prices of raw materials restrict the growth of the fire resistant cable market. On the other hand, the increasing power generation around the globe is likely to showcase growth opportunities for fire resistant cable market during the forecast period.
MARKET SCOPE
The "Global Fire Resistant Cable Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of fire resistant cable market with detailed market segmentation by insulation material, end-use industry, and geography. The global fire resistant 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 resistant cable market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global fire resistant cable market is segmented on the basis of type, insulation material, and end-use industry. Based on insulation material, the market is segmented ethylene propylene rubber, cross-linked polythene, polyvinyl chloride, low smoke zero halogen, and others. The fire resistant cable market on the basis of end-use industry is classified into construction industry, energy & power, automotive industry, and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fire resistant cable market based on various segments. It also provides market size and forecast estimates from the year 2020 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 resistant cable market by each region is later sub-segmented by respective countries and segments. The 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 fire resistant 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 for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the fire resistant cable market in these regions.
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MARKET PLAYERSThe reports cover key developments in the fire resistant 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 the way for the expansion of business and customer base of market players. The market payers from fire resistant cable market are anticipated to lucrative growth opportunities in the future with the rising demand for fire resistant cable in the global market. Below mentioned is the list of few companies engaged in the fire resistant cable market.
The report also includes the profiles of key fire resistant cable companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
-EL Sewedy Electric Company
-General Cable Corporation
-Jiangnan Group Limited
-Leoni AG
-LS Cable & System Ltd.
-Nexans S.A.
-NKT Group
-Prysmian Group
-Tratos Limited
-Universal Cable (M) Berhad
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