Title: Fire Resistant Cable Market analysis research and trends report for 2019 - 2025
1Fire Resistant Cable Market Growth Outlook with
Industry Review and Forecast 2019-2025
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2 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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3- 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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4Market Research Reports Key Analytical Components
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5- 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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