About Fire Resistant Cable
Fire Resistant Cable is used in fire disasters, fire smoke, heat, and toxic fumes. These cables are built in various formats. And it is featured in low liability of fire, which meets various testing requirements, it is applicable to the places with the flame retardant requirement. Mineral insulated copper cables offer the ultimate fire resistance and good protection against electromagnetic insulation.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Analyst at AMA Research estimates that Europe Manufacturers will contribute the maximum growth to Global Fire Resistant Cable market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Prysmian Group (Italy), Nexans (France), General Cable (United States), NKT (Denmark), Leoni (Germany), LS Cable & System (South Korea), EL Sewedy Electric (Egypt), Universal Cable (M) Berhad (Malaysia), Tratos Limited (United Kingdom), Jiangnan Group (China) and Dubai Cable Company (United Arab Emirates) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Tele-Fonika Kable (Poland), Tianjin Suli Cable (China) and Keystone Cable (Singapore).
Segmentation Overview
AMA Research has segmented the market of Global Fire Resistant Cable market by , Application (Building & Construction, Automotive & Transportation, Manufacturing, Energy and Others) and Region.
On the basis of geography, the market of Fire Resistant Cable has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Fire Resistant Cable market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Insulation Materials, the sub-segment i.e. Cross-Linked Polyethylene will boost the Fire Resistant Cable market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase Use Of Fire-Resistant And Halogen-Free Cables In New Installation Have Increased and Technology Advancement
Market Growth Drivers:
Increasing Demand from Building & Construction Sector and Rise Demand in High-Temperature Installation Conditions
Challenges:
Lack of standardization
Restraints:
Rapid Change in Raw Material Prices Is Hampering the Growth of Market
Opportunities:
Strong Opportunity in Data Storage Industry, Due To Rapid Development in Digitization
Market Leaders and their expansionary development strategies
In January 2022, NKT acquired Ventcroft Ltd. The acquisition strengthen its position within fire-resistant power cable technology.
In Mar 2019, RADOX announced the launch of new cable solution for oil and gas applications in Australia and New Zealand region. Through these fire-resistant cables adds strong existing portfolio, and with this HUBER+SUHNER looking forward to defining developments to their customers.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Fire Resistant Cable Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.