Global Fire Resistant Cable Market Analysis
According to Verified Market Research, The Global Fire Resistant Cable Market was valued at USD 1.67 Billion in 2018 and is projected to reach USD 2.13 Billion by 2026, growing at a CAGR of 3.07% from 2019 to 2026.
What is Fire Resistant Cable?
Fire resistant cables, also known as circuit integrity (CI) cables, are defined as the cable that is capable of maintaining circuit integrity for a specified time period during a fire. These cables are usually soft jacket with a solid conductor. When these cables are exposed to high-temperature conditions, cable’s soft and flexible insulating material changes and creates a fire resistant insulator in order to protect the conductors. These cables are specifically designed in order to deliver power and auxiliary control in fire alarm systems, voice alarm systems, and emergency lighting systems.
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Global Fire Resistant Cable Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Increasing demand for fire resistant cables from the building & construction sector, increasing safety & security regulations across the geographies along with an increase in power generation has been driving the global fire resistant cable market. However, volatility in raw material prices acts as a restraint for the overall market at a global level.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Fire Resistant Cable Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Fire Resistant Cable Market Competitive Landscape
The “Global Fire Resistant Cable Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as General Cable Corporation, Leoni AG, Universal Cable (M) Berhad, Sewedy Electric Company, Prysmian Group, Tele-Fonika Kable SA, Tianjin Suli Cable Group, LS Cable & System Ltd, Dubai Cable Company (Private) Ltd, NKT Group, Keystone Cable, Tratos Limited, Nexans S.A and Jiangnan Group Limited. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Global Fire Resistant Cable Market, By Insulation Material
Global Fire Resistant Cable Market, By End-Use Industry
• Building & Construction
• Automotive & Transportation
Global Fire Resistant Cable Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World