Fire Resistant Cable Market analysis research and trends report for 2019 - 2025

1
Fire Resistant Cable Market Growth Outlook with
Industry Review and Forecast 2019-2025
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Global Market Scenario of Fire Resistant Cable
Industry

• Fire resistant cable market size is likely to
  follow a rising trend in the coming years due to
  increasing infrastructural projects. In 2007, the
  global infrastructural investment was about USD
  1.5 trillion and is likely to USD 4 trillion by
  2040. Rising construction activities would likely
  increase the demand in the fire resistant cable
  market as they are extensively used in commercial
  and residential applications where electrical and
  fire safety is of utmost importance. The global
  construction market is likely to propel and cross
  USD 15 trillion by 2030.
• This growth will be majorly driven by progress in
  countries like China, India and the U.S. which
  will account for more than 50 of the
  construction market value. Government initiatives
  like Smart City Mission and the Atal Mission for
  Rejuvenation and Urban Transformation (AMRUT) in
  India, energy efficient green building
  development targets released by the China
  government, etc. are some of the factors that
  will significantly help in expanding the sale of
  fire resistant cables in the future.
• The fire resistant cable market is segmented
  based on material, application and region. The
  different types of material used for insulation
  purpose are polyvinyl chloride, cross-linked
  polyethylene, low smoke zero halogen, ethylene
  propylene rubber and others.
• The low smoke zero halogen segment is likely to
  gain a significant growth rate in the coming
  years due to its superior properties as compared
  to other materials. It is made of thermoset or
  thermoplastic compounds which releases minimum
  smoke no halogen when they are exposed to high
  heat. Hence, they are highly preferred for indoor
  applications, low ventilation areas, public
  spaces, etc.

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• Regional Trends-
• Europe holds a significant share in the fire
  resistant cable market size due to presence of
  key participants. As this region is greatly
  focused on sustainable development and
  environmental protection, the EU regulations have
  greatly influenced various industries to meet
  higher standards.
• The energy market of this region has switched to
  renewable sources to meet their energy demands in
  a better and sustainable way. This would increase
  the demand for fire resistant cables in the
  coming years.
• New developments in other industries like
  digitalization, vehicle electrification,
  increasing security related regulations are some
  factors which will further boost the demand in
  the fire resistant cable market due to its high
  quality and superior performance in vulnerable
  environment.

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Market Research Reports Key Analytical Components
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• Competitive Trends
• Some of the key players of fire resistant cable
  market share are TPC Wire Cable Corp., Prysmian
  Group, RSCC Wire and Cable, etc.

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