Global Fire Resistant Cable Market
Fire-Resistant Cable Market- Global Industry Size, Share, Trend Analysis, Growth, Opportunity and Forecast, 2017-2027, Segmented By Insulation Material (Cross-Linked Polyethylene (XLPE), Polyvinyl Chloride (PVC), Low Smoke Zero Halogen (LSZH), Ethylene Propylene Rubber (EPR), and Others); By End-Use Industry (Building & Construction, Automotive & Transportation, Manufacturing, Energy, and Others); By Region (North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa)
- Published Date: October 2021
- Report ID: BWC21126
- Available Format: PDF
- Page: 202
Report Overview
Global fire-resistant cable market is registering a healthy growth worldwide. The market is likely to grow due to the growing demand for fire-resistant cables in the building and construction, industrial, energy, and automotive industries.Global Fire-Resistant Cable Market- Industry Trends & Forecast Report 2027
Global fire-resistant cable market was worth USD 1,760.1 million in 2020 and is further projected to reach USD 2,211.5 million by 2027 at a CAGR of 3.4 % during the forecast period (2021-2027). In the coming years, the market for fire-resistant cables is likely to rise significantly due to the increasing demand for fire-resistant cables in the building and construction, industrial, energy, and automotive sectors. In addition, a growing awareness of fire safety, increased industrialization and urbanization, and the adoption of fire safety legislation worldwide have all boosted the demand for fire-resistant cables, thereby driving the growth of the fire resisitant cable market.
Source: BlueWeave Consulting
Global Fire-Resistant Cable Market Overview
Fire resistance cable is also known as fire-performance cable, or fire-survival cable. Fire-resistant cables continue to operate normally for a specific time after being exposed to prolonged fire. These cables are designed to provide circuit integrity for applications like sprinkler systems, emergency lighting, rescue elevators, alarm horns, and smoke exhaust systems during a fire. Cables of this type have a higher melting point, are more resistant to burning, produce less smoke and toxicity, and produce less acid gas. Further, such cables are constructed with high-quality materials to be suitable for applications with greater mechanical loads and to protect the power supply during a fire.
Global Fire-Resistant Cable Market Trend
Growth Drivers
Rise in Demand for Fire-Resistant Cables for Fire Safety & Protection is Propelling the Market Growth
Fire-resistant cables produce less smoke, are low in toxicity, emit little acid gas, and are resistant to combustion and high temperatures. A fire-resistant cable will safeguard circuit integrity in the event of a fire. Several end-use sectors are seeing an increase in demand for fire-resistant cables in response to the need for public safety against fires. For instance, NKT Group signed service agreements with Elia, 50 Hertz, and Nemo Link in November 2020 to integrate energy into the Belgian, UK, and German power grids. Various end-use sectors require fire-resistant cables for fire protection and safety during fire mishaps or disasters, therefore expanding the market demand for fire-resistant cables.
Restraints
Instability in Raw Materials Prices is Hampering the Growth of the Market
The costs of raw materials and the energy required to manufacture fire-resistant cables are constantly fluctuating. The value chain, which includes procurement and operating costs, is directly affected by the unpredictable prices of these commodities. Manufacturers' profit margins are also affected by sudden fluctuation in prices. Rubber, copper, plastic, and aluminum are among the most common raw materials utilized in manufacturing fire-resistant cables. Variations in the prices of these raw materials are primarily due to the instability of energy and crude oil costs, which are necessary for the manufacturing and transportation of these goods. Raw materials for fire-resistant cables increase in cost when crude oil and energy prices fluctuate. As a result, the cost of these materials affects the cost of fire-resistant cables directly.
Global Fire-Resistant Cable Market Impact of COVID-19
The novel coronavirus has negatively impacted the fire-resistant cable market. Across various end-use industries (mainly construction, manufacturing, and energy), the fire-resistant cable market has seen a huge drop in demand in 2020 and the first quarter of 2021. POSOCO, IEA International Energy Agency Global Energy Review 2020, states that the COVID-19 in India resulted in one of the largest electricity demand drops in the world, with power demand falling by 28% by the end of March 2020. In the days following the emergency lockdown, which began on March 25, 2020, hospitals, critical services, and the residential sector increased their energy consumption, but industrial demand and commercial activity decreased significantly. As the market recovers from the pandemic, the government and various manufacturers are working together to push the market forward.
Global Fire-Resistant Cable Market: By End-Use Industry
Based on the end-use industry, the global fire-resistant cable market is segmented into building & construction, automotive & transportation, manufacturing, energy, and others. The building & construction segment accounted for the largest market share in 2020 and is likely to dominate the segment during the forecast period. The public's growing awareness of building safety has resulted in a rise in demand for fire-resistant cables. In both residential and non-residential environments, fire-resistant cables can be utilized for wiring and connectivity. The cables are easy to install, ensure electrical circuit reliability, and are able to withstand high temperatures during fires, thus ensuring human safety. Furthermore, these cables are used in every commercial and residential facility to distribute electricity. With the surge in construction activity, fire-resistant cables are witnessing high demand.
Source: BlueWeave Consulting
Global Fire-Resistant Cable Market: Regional Insights
Geographically, the global fire-resistant cable market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. Among all the regions, the Asia-Pacific region held the largest share in the fire-resistant cable market in 2020 and is likely to dominate the market during the projection period. A growing population and rapid urbanization have fueled the region's industrial expansion, thereby propelling the fire resistant cable market. The cables are simple to install and preserve the electrical circuits' stability. They can also endure extreme temperatures and fires, ensuring human safety. The demand for fire-resistant cables in APAC countries is fueled by the region's growing construction and automobile industries.
Source: BlueWeave Consulting
Competitive Landscape
The fire-resistant cable market is moderately consolidated due to the presence of limited domestic and international players. Additionally, the emergence of new players has resulted in healthier competition among long-established service providers in the industry. Some key players in the global fire-Resistant Cable market are Prysmian Group, Nexans S.A., Nkt Group, Leoni Ag, Ls Cable & System Limited, Elsewedy Electric Company, Jiangnan Group Limited, Hitachi Metals Ltd., Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., Yazaki Corporation, Swcc Showa Cable Systems Co Ltd., Universal Cable (M) Berhad, Tratos Limited, Keystone Cable, Dubai Cable Company (Private) Ltd. , and Other Prominent Players.
Recent Developments
- In March 2021, Jiangnan Group announced its plans to import two German concentric stranding machines and install 4 imported cross-linked cable production lines, including 2 production lines for 35kV ultra-high-speed medium-voltage cross-linked cables, 1 production line for 110kV PP cables, and 1 production line for 110kV cross-linked cables.
- In October 2020, to ensure the timely reinforcement and expansion of the power grid in central Sweden, NKT Group and Ellevio signed a frame agreement for low and medium-voltage power lines.
Scope of the Report
Details |
|
Years Considered |
Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 – 2027 |
Facts Covered |
Revenue in USD million |
Market Coverage |
U.S, Canada, France, Germany, United Kingdom, Rest of the Europe, Japan, China, India, New Zealand, Australia, Rest of the APAC, Brazil, Mexico, Rest of the Latin America, South Africa, Saudi Arabia, UAE, and Rest of MEA. |
Product/Service Segmentation |
By Insulation Material, By End-Use Industry, and By Region |
Key Players |
Key Players for the market Some of the key players include Prysmian Group, Nexans S.A., Nkt Group, Leoni Ag, Ls Cable & System Limited, Elsewedy Electric Company, Jiangnan Group Limited, Hitachi Metals Ltd., Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., Yazaki Corporation, Swcc Showa Cable Systems Co Ltd., Universal Cable (M) Berhad, Tratos Limited, Keystone Cable, Dubai Cable Company (Private) Ltd. , and Other Prominent Players. |
- By Insulation Material
-
-
- Cross-Linked Polyethylene (XLPE)
- Polyvinyl Chloride (PVC)
- Low Smoke Zero Halogen (LSZH)
- Ethylene Propylene Rubber (EPR)
- Others
-
-
- By End-Use Industry
-
-
- Building & Construction
- Automotive & Transportation
- Manufacturing
- Energy
- Others
-
-
- By Region
-
-
- North America
- Europe
- The Asia-Pacific
- Latin America
- The Middle East and Africa
-
-
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Primary & Secondary Research Application
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
- Executive Summary
- Global Fire-Resistant Cable Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Restraints
- Opportunities
- Challenges
- Recent Development/Technological Advancements
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Application of Suppliers
- Bargaining Application of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Global Fire-Resistant Cable Market Overview
- Market Size & Forecast by Value, 2017-2027
- By Value (USD Million)
- Market Share & Forecast
- By Insulation Material
- Cross-Linked Polyethylene (XLPE)
- Polyvinyl Chloride (PVC)
- Low Smoke Zero Halogen (LSZH)
- Ethylene Propylene Rubber (EPR)
- Others
- By End-Use Industry
- Building & Construction
- Automotive & Transportation
- Manufacturing
- Energy
- Others
- By Region
- North America
- Europe
- The Asia-Pacific
- Latin America
- The Middle East and Africa
- By Insulation Material
- Market Size & Forecast by Value, 2017-2027
- North America Fire-Resistant Cable Market
- Market Size & Forecast by Value, 2017-2027
- By Value (USD Million)
- Market Share & Forecast
- By Insulation Material
- By End-Use Industry
- By Country
- United States
- Canada
- Market Size & Forecast by Value, 2017-2027
- Europe Fire-Resistant Cable Market
- Market Size & Forecast by Value, 2017-2027
- By Value (USD Million)
- Market Share & Forecast
- By Insulation Material
- By End-Use Industry
- By Country
- France
- Germany
- United Kingdom
- Rest of Europe
- Market Size & Forecast by Value, 2017-2027
- Asia-Pacific Fire-Resistant Cable Market
- Market Size & Forecast by Value, 2017-2027
- By Value (USD Million)
- Market Share & Forecast
- By Insulation Material
- By End-Use Industry
- By Country
- Japan
- China
- India
- New Zealand
- Australia
- Rest of APAC
- Market Size & Forecast by Value, 2017-2027
- Latin America Fire-Resistant Cable Market
- Market Size & Forecast by Value, 2017-2027
- By Value (USD Million)
- Market Share & Forecast
- By Insulation Material
- By End-Use Industry
- By Country
- Brazil
- Mexico
- Rest of Latin America
- Market Size & Forecast by Value, 2017-2027
- Middle East & Africa Fire-Resistant Cable Market
- Market Size & Forecast by Value, 2017-2027
- By Value (USD Million)
- Market Share & Forecast
- By Insulation Material
- By End-Use Industry
- By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- Market Size & Forecast by Value, 2017-2027
- Competitive Landscape
- Company Market Share Analysis, 2020
- Competitive Benchmarking, By Product Offerings
- List of Key Players and their Offerings
- Impact of COVID-19 across Industry
- Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
- Prysmian Group
- Nexans S.A.
- Nkt Group
- Leoni Ag
- Ls Cable & System Limited
- Elsewedy Electric Company
- Jiangnan Group Limited
- Hitachi Metals Ltd.
- Furukawa Electric Co., Ltd.
- Sumitomo Electric Industries, Ltd.
- Yazaki Corporation
- Swcc Showa Cable Systems Co Ltd.
- Universal Cable (M) Berhad
- Tratos Limited
- Keystone Cable
- Dubai Cable Company (Private) Ltd.
- Other Prominent Players
- Key Strategic Recommendations
*Financial details of unlisted companies will be available as per data availability in final deliverable
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable.
List of Figures
Fig 1: Global Fire-Resistant Cable Segmentation
Fig 2: Global Fire-Resistant Cable Market Value Chain Analysis
Fig 3: Company Market Share Analysis, 2020
Fig 4: Global Fire-Resistant Cable Market Size, By Value (USD Million), 2017-2027
Fig 5: Global Fire-Resistant Cable Market Share, By Insulation Material, By Value, 2017-2027
Fig 6: Global Fire-Resistant Cable Market Share, By End-Use Industry, By Value, 2017-2027
Fig 7: Global Fire-Resistant Cable Market Share, By Region, By Value, 2017-2027
Fig 8: North America Fire-Resistant Cable Market Size, By Value (USD Million), 2017-2027
Fig 9: North America Fire-Resistant Cable Market Share, By Insulation Material, By Value, 2017-2027
Fig 10: North America Fire-Resistant Cable Market Share, By End-Use Industry, By Value, 2017-2027
Fig 11: North America Fire-Resistant Cable Market Share, By Country, By Value, 2017-2027
Fig 12: Europe Fire-Resistant Cable Market Size, By Value (USD Million), 2017-2027
Fig 13: Europe Fire-Resistant Cable Market Share, By Insulation Material, By Value, 2017-2027
Fig 14: Europe Fire-Resistant Cable Market Share, By End-Use Industry, By Value, 2017-2027
Fig 15: Europe Fire-Resistant Cable Market Share, By Country, By Value, 2017-2027
Fig 16: the Asia-Pacific Fire-Resistant Cable Market Size, By Value (USD Million), 2017-2027
Fig 17: the Asia-Pacific Fire-Resistant Cable Market Share, By Insulation Material, By Value, 2017-2027
Fig 18: the Asia-Pacific Fire-Resistant Cable Market Share, By End-Use Industry, By Value, 2017-2027
Fig 19: the Asia-Pacific Fire-Resistant Cable Market Share, By Country, By Value, 2017-2027
Fig 20: Latin America Fire-Resistant Cable Market Size, By Value (USD Million), 2017-2027
Fig 21: Latin America Fire-Resistant Cable Market Share, By Insulation Material, By Value, 2017-2027
Fig 22: Latin America Fire-Resistant Cable Market Share, By End-Use Industry, By Value, 2017-2027
Fig 23: Latin America Fire-Resistant Cable Market Share, By Country, By Value, 2017-2027
Fig 24: The Middle East & Africa Fire-Resistant Cable Market Size, By Value (USD Million), 2017-2027
Fig 25: The Middle East & Africa Fire-Resistant Cable Market Share, By Insulation Material, By Value, 2017-2027
Fig 26: The Middle East & Africa Fire-Resistant Cable Market Share, By End-Use Industry, By Value, 2017-2027
Fig 27: The Middle East & Africa Fire-Resistant Cable Market Share, By Country, By Value, 2017-2027
List of Tables
Table 1: Global Fire-Resistant Cable Size, By Form, By Value, 2017-2027
Table 2: Global Fire-Resistant Cable Market Size, By Insulation Material, By Value, 2017-2027
Table 3: Global Fire-Resistant Cable Market Size, By End-Use Industry, By Value, 2017-2027
Table 4: Global Fire-Resistant Cable Market Size, By Region, By Value, 2017-2027
Table 5: North America Fire-Resistant Cable Market Size, By Insulation Material, By Value, 2017-2027
Table 6: North America Fire-Resistant Cable Market Size, By End-Use Industry, By Value, 2017-2027
Table 7: North America Fire-Resistant Cable Market Size, By Country, By Value, 2017-2027
Table 8: Europe Fire-Resistant Cable Market Size, By Insulation Material, By Value, 2017-2027
Table 9: Europe Fire-Resistant Cable Market Size, By End-Use Industry, By Value, 2017-2027
Table 10: Europe Fire-Resistant Cable Market Size, By Country, By Value, 2017-2027
Table 11: the Asia-Pacific Fire-Resistant Cable Market Size, By Insulation Material, By Value, 2017-2027
Table 12: the Asia-Pacific Fire-Resistant Cable Market Size, By End-Use Industry, By Value, 2017-2027
Table 13: the Asia-Pacific Fire-Resistant Cable Market Size, By Country, By Value, 2017-2027
Table 14: Latin America Fire-Resistant Cable Market Size, By Insulation Material, By Value, 2017-2027
Table 15: Latin America Fire-Resistant Cable Market Size, By End-Use Industry, By Value, 2017-2027
Table 16: Latin America Fire-Resistant Cable Market Size, By Country, By Value, 2017-2027
Table 17: The Middle East & Africa Fire-Resistant Cable Market Size, By Insulation Material, By Value, 2017-2027
Table 18: The Middle East & Africa Fire-Resistant Cable Market Size, By End-Use Industry, By Value, 2017-2027
Table 19: The Middle East & Africa Fire-Resistant Cable Market Size, By Country, By Value, 2017-2027
Table 20: Prysmian Group Business Overview
Table 21: Prysmian Group Financial Analysis
Table 22: Nexans S.A. Business Overview
Table 23: Nexans S.A. Financial Analysis
Table 24: Nkt Group Business Overview
Table 25: Nkt Group Financial Analysis
Table 26: Leoni Ag Business Overview
Table 27: Leoni Ag Financial Analysis
Table 28: Ls Cable & System Limited Business Overview
Table 29: Ls Cable & System Limited Financial Analysis
Table 30: Elsewedy Electric Company Business Overview
Table 31: Elsewedy Electric Company Financial Analysis
Table 32: Jiangnan Group Limited Business Overview
Table 33: Jiangnan Group Limited Financial Analysis
Table 34: Hitachi Metals Ltd. Business Overview
Table 35: Hitachi Metals Ltd. Financial Analysis
Table 36: Furukawa Electric Co., Ltd. Business Overview
Table 37: Furukawa Electric Co., Ltd. Financial Analysis
Table 38: Sumitomo Electric Industries, Ltd. Business Overview
Table 39: Sumitomo Electric Industries, Ltd. Financial Analysis
Table 40: Yazaki Corporation Business Overview
Table 41: Yazaki Corporation Financial Analysis
Table 42: Swcc Showa Cable Systems Co Ltd. Business Overview
Table 43: Swcc Showa Cable Systems Co Ltd. Financial Analysis
Table 44: Universal Cable (M) Berhad Business Overview
Table 45: Universal Cable (M) Berhad Financial Analysis
Table 46: Tratos Limited Business Overview
Table 47: Tratos Limited Financial Analysis
Table 48: Keystone Cable Business Overview
Table 49: Keystone Cable Financial Analysis
Market Segmentation
- By Insulation Material
-
-
- Cross-Linked Polyethylene (XLPE)
- Polyvinyl Chloride (PVC)
- Low Smoke Zero Halogen (LSZH)
- Ethylene Propylene Rubber (EPR)
- Others
-
-
- By End-Use Industry
-
-
- Building & Construction
- Automotive & Transportation
- Manufacturing
- Energy
- Others
-
-
- By Region
-
-
- North America
- Europe
- The Asia-Pacific
- Latin America
- The Middle East and Africa
-
-
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