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According to the report on the ceramic cable market released by Transparency Market Research, the global ceramic cable market will grow at a compound annual growth rate of 5.
2%
from 2019 to 2026.
Europe is expected to be at the forefront of global demand due to a range of macroeconomic and industry-specific factors, with the region expected to grow
at a CAGR of 5.
8% during the forecast period, according to the report.
The application of ceramicized cables in fire alarm and smoke detection systems is expected to significantly drive the global ceramized cables market
.
Based on voltage level, the ceramized cable market is segmented into low voltage (less than 600V), medium voltage (600V to 69kV), and high voltage (greater than 69kV).
Based on application, the market has been segmented into fire and smoke detection systems, emergency lighting and signage, emergency communications, rescue elevators, emergency generators, and others
.
Based on end-use industry, the market is further segmented into construction, industrial, transportation, and others
.
The major factor driving the growth of the ceramized cable market is the increasing adoption of this type of cable in temperature-sensitive applications, which is due to stringent government regulations
to improve safety in residential and industrial areas.
Another factor contributing to the growth of the market compared to other competing products is the cost and technical advantages
offered by this cable.
According to the research report, the fire and smoke detection systems segment is expected to dominate the global market and expand
at a significant growth rate during the forecast period.
Europe held the largest market share in 2017 in terms of revenue and volume, driven by the growing focus on improving safety in critical application areas, such as high-rise buildings, which require longer evacuation times
in the event of a fire.
The European market is expected to grow at an impressive CAGR during the forecast period, followed by Asia-Pacific
.
According to the report on the ceramic cable market released by Transparency Market Research, the global ceramic cable market will grow at a compound annual growth rate of 5.
2%
from 2019 to 2026.
Europe is expected to be at the forefront of global demand due to a range of macroeconomic and industry-specific factors, with the region expected to grow
at a CAGR of 5.
8% during the forecast period, according to the report.
The application of ceramicized cables in fire alarm and smoke detection systems is expected to significantly drive the global ceramized cables market
.
Based on voltage level, the ceramized cable market is segmented into low voltage (less than 600V), medium voltage (600V to 69kV), and high voltage (greater than 69kV).
Based on application, the market has been segmented into fire and smoke detection systems, emergency lighting and signage, emergency communications, rescue elevators, emergency generators, and others
.
Based on end-use industry, the market is further segmented into construction, industrial, transportation, and others
.
The major factor driving the growth of the ceramized cable market is the increasing adoption of this type of cable in temperature-sensitive applications, which is due to stringent government regulations
to improve safety in residential and industrial areas.
Another factor contributing to the growth of the market compared to other competing products is the cost and technical advantages
offered by this cable.
According to the research report, the fire and smoke detection systems segment is expected to dominate the global market and expand
at a significant growth rate during the forecast period.
Europe held the largest market share in 2017 in terms of revenue and volume, driven by the growing focus on improving safety in critical application areas, such as high-rise buildings, which require longer evacuation times
in the event of a fire.
The European market is expected to grow at an impressive CAGR during the forecast period, followed by Asia-Pacific
.
