Fire Resistant Cable Market will exhibit a CAGR of 8.87% in the forecast period of 2020 to 2029 and is expected to reach above USD 5.8 billion by 2029.
Exactitude consultancy has announced the publication of Global Fire Resistant Cable Market, a new research that encompasses regional and global market data and is projected to produce a profit from 2020 to 2029.The report looks into this market in depth. The present market trends and dynamics are assessed, assisting in the mapping of the global Fire Resistant Cable market’s path. It incorporates precise and anticipated market estimations in terms of value and volume, technical advancement, macroeconomic and governing market aspects to offer a realistic picture of the current market position.
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The necessity to find substitutes for some of the toxic compounds and materials led to the invention of additives and resins.
The constant use of poisonous chemicals and compounds in the fabrication of the cables is extremely hazardous to the environment. The government’s increasing focus on phasing out PVC, lead, and halogenated flame retardants is a key source of concern for cable makers, since it may slow market development. The need to discover alternatives to some of the harmful substances and materials led to the development of additives and resins. The growing demand for additives such as polyethylene terephthalate and polypropylene polymers, which are utilized for cable insulation and jacketing, is propelling the fire-resistant cable market forward.
Top Leading Companies of Global Fire Resistant Cable Market are Prysmian Group, Nexans S.A., NKT Group, Leoni AG, LS Cable & System Limited, Jiangnan Group Limited, Tratos Limited, EL Sewedy Electric Company, and Furukawa Electric Co., Ltd and others.
Recent Developments
- In April 2021, NKT Group entered into a frame agreement for high voltage cables with the French Transmission System Operator, Réseau de Transport d’Electricité (RTE) for the renewal and modernization of the power grid in France.
- In 2021, Jiangnan Group plans to install four imported cross-linked cable production lines, including two production lines for 35kV ultra-high-speed medium-voltage crosslinked cables, one production line for 110kV PP cables and one production line for 110kV cross-linked cables and import two German concentric stranding machines in 2021.
- In November 2020, NKT Group entered into service agreements with Elia, 50 Hertz, and Nemo Link with the purpose of ensuring the efficient integration of energy into the Belgian, UK, and German power grids.
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Regional Share :
Its major share is occupied by Asia Pacific, Middle East & Africa (MEA), North America, and Europe region. The Asia Pacific shares 34% of the total market.
Fire Resistant Cable Market Segmentation:
Fire Resistant Cable Market by Insulation Material, 2020-2029, (USD Millions. Thousand Units)
XLPE
PVC
EPR
LSZH
Fire Resistant Cable Market by End-Use, 2020-2029, (USD Millions. Thousand Units)
Automotive and Transportation
Building and Construction
Energy
Manufacturing
Regions Covered in the Global Fire Resistant Cable market Report 2022:
- The Middle East and Africa (GCC Countries and Egypt)
- North America (the United States, Mexico, and Canada)
- South America (Brazil etc.)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Fire Resistant Cable Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Fire Resistant Cable Market.
Reason for Buying this Report:
- It offers informative data on recent advancements and technological trends.
- For a comparative study of the Fire Resistant Cable Market.
- It offers extensive research on market dynamics such as drivers, restraints, and opportunities.
- Furthermore, it offers an in-depth analysis of the economic aspects of the businesses.
- The global analysis of global trading, import, export, and local consumption.
- Global Fire Resistant Cable Market analysis of sellers, vendors, and buyers.
- It offers an evaluation of competitive landscape.
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