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According to a report released by Markets and Markets, an international market research institution, the compound annual growth rate of the global fire-resistant cable market from 2021 to 2026 is about 3.
3%.
With increasing public awareness about fire safety, rapid pace of industrialization and urbanization, and implementation of fire safety regulations by governments across the globe, the demand for fire-resistant cables will increase
significantly during the forecast period.
In terms of insulation materials, cross-linked polyethylene (XLPE) led the fire-resistant cable market in 2020 and is also expected to occupy the largest share
of this market during the forecast period.
High thermal short-circuit ratings, excellent electrical properties over the full temperature range, resistance to thermal deformation at high temperatures, excellent water resistance and low water permeability, excellent chemical resistance, high durability, and long service life are the factors driving the growth of the
XLPE segment.
From the perspective of application industry, building and construction will become the largest segment
in the fire-resistant cable market during the forecast period.
Increasing safety awareness in buildings among the masses is driving the increasing demand for fire-resistant cables
.
Fire-resistant cables are used
in the distribution of electricity in almost all commercial and residential buildings.
Increasing construction activities are driving the fire-resistant cable market
in the construction and construction industry.
In terms of market region, Asia-Pacific is expected to account for the largest share
of the fire-resistant cable market.
Growing population and rapid urbanization are the key factors
driving the industry expansion in the region during the forecast period.
The cable is easy to install, maintains the reliability of the circuit, can withstand high temperature and fire, and ensures personal safety
.
Growing construction and automotive industries in Asia-Pacific countries are driving the demand for fire-resistant cables in the
region.
From the perspective of manufacturers, in the international market, Prysmian (including the acquired General Cable), Nexans, Nectanet, LEONI Cable, LS Cable, Southwire, Sumitomo Electric and others will be the major cable manufacturers
during the forecast period.
On the other hand, major regional manufacturers in various regions, such as Far East Smart Energy in China, Elsewedy Electric in Egypt, Dubai Cable in the Middle East, etc.
, will also actively participate in international competition
with their advantages.
According to a report released by Markets and Markets, an international market research institution, the compound annual growth rate of the global fire-resistant cable market from 2021 to 2026 is about 3.
3%.
With increasing public awareness about fire safety, rapid pace of industrialization and urbanization, and implementation of fire safety regulations by governments across the globe, the demand for fire-resistant cables will increase
significantly during the forecast period.
In terms of insulation materials, cross-linked polyethylene (XLPE) led the fire-resistant cable market in 2020 and is also expected to occupy the largest share
of this market during the forecast period.
High thermal short-circuit ratings, excellent electrical properties over the full temperature range, resistance to thermal deformation at high temperatures, excellent water resistance and low water permeability, excellent chemical resistance, high durability, and long service life are the factors driving the growth of the
XLPE segment.
From the perspective of application industry, building and construction will become the largest segment
in the fire-resistant cable market during the forecast period.
Increasing safety awareness in buildings among the masses is driving the increasing demand for fire-resistant cables
.
Fire-resistant cables are used
in the distribution of electricity in almost all commercial and residential buildings.
Increasing construction activities are driving the fire-resistant cable market
in the construction and construction industry.
In terms of market region, Asia-Pacific is expected to account for the largest share
of the fire-resistant cable market.
Growing population and rapid urbanization are the key factors
driving the industry expansion in the region during the forecast period.
The cable is easy to install, maintains the reliability of the circuit, can withstand high temperature and fire, and ensures personal safety
.
Growing construction and automotive industries in Asia-Pacific countries are driving the demand for fire-resistant cables in the
region.
From the perspective of manufacturers, in the international market, Prysmian (including the acquired General Cable), Nexans, Nectanet, LEONI Cable, LS Cable, Southwire, Sumitomo Electric and others will be the major cable manufacturers
during the forecast period.
On the other hand, major regional manufacturers in various regions, such as Far East Smart Energy in China, Elsewedy Electric in Egypt, Dubai Cable in the Middle East, etc.
, will also actively participate in international competition
with their advantages.
