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Fire-Resistant Cable Market

Fire-Resistant Cable Market

Global Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022 - 2029)

Published Date: Upcoming | Format:

Industry: Chemicals & Materials | Author Name: Harshad

Fire-resistant cables are used in various end-use industries such as oil and gas, power transmission and distribution, mining, commercial buildings, and data centers. The growing demand for energy and the increasing investment in infrastructure development are the major factors driving the growth of the fire-resistant cable market. The increasing use of fire-resistant cables in data centers is also contributing to the growth of this market.

Data Centers and Hospitals are Turning to Fire-Resistant Cable

The fire-resistant cable market is expected to grow, as regulations become more stringent and the diversity of areas in which they are used increases. Fire-resistant cables are required in order to protect against damage due to fire, especially when they are installed in electrical equipment rooms where smoking is allowed. It is necessary to replace general purpose power supply (GPS) cables with more expensive fire-resistant GPS or fiber optic cables that can be safely installed on walls or ceilings. When one considers that some 100% of UPS systems use power supply cords, it also becomes clear why this market will expand rapidly in the future.

The fire-resistant cable market is also expanding due to their increasing use in areas such as data centers and hospitals. Data centers are becoming increasingly important as a means of storing and processing data, and their use is growing rapidly around the world. Hospitals are also installing more sensitive equipment, such as MRI machines, which need to be protected from any potential damage in the event of a fire. Fire-resistant cables are typically made from materials that are resistant to heat and flames, such as silicone rubber or PVC. They can be used to protect both power and data cables, and are available in a variety of sizes and voltages.

Fire-Resistant Cable Market: XLPE is being slowly Replaced with PVC

Polyethylene (PE) based insulation is widely used in power cables for providing good dielectric strength at elevated temperatures. It offers excellent fire-resistant properties due to its low thermal conductivity and high charring temperature, but certain types of the insulation material, particularly Polyethylene (XLPE), are found to suffer from serious failures when exposed to electrical overstress conditions during short circuit. As a result, XLPE insulation has been largely replaced by other insulation materials such as Polyvinyl Chloride (PVC).

However, a recent study has shown that XLPE still remains the best insulation material for fire-resistant cables in the global fire-resistant cable market. It is found that when subjected to an electrical overstress condition, XLPE insulation failed in a more controlled manner compared to other insulation materials such as PVC. This resulted in less damage to the cable and prevented the spread of fire. The study also found that XLPE cables are more resistant to water spray attack than other types of cables. As a result, they are better suited for use in applications where there is a risk of exposure to water spray, such as marine environments.

Asia Pacific is Dominating the Global Fire-Resistant Cable Market

Fire resistant cables are a vital part of any nation's infrastructure system. These cables serve to protect important elements of the national power grid, telecommunications system, and transportation network from being damaged due to fires or other natural disasters that could cause loss of life and disruption in the delivery of basic utilities. As such, fire resistant cables have been required by law for any project involving these critical infrastructure sectors. The Asia Pacific region contains some of the world's most heavily populated countries which rely on complex and interconnected systems of power grids, water pipelines and telephone networks - all of which can be subject to widespread failures if they were compromised by a single event such as a natural disaster or terrorist attack. For this reason, many nations in this area consider an efficient and reliable fire-resistant cable system to be a top priority.

The Asia Pacific fire-resistant cable market is also home to some of the world's most rapidly growing economies, which are seeing an ever-increasing demand for electricity and other essential services. This is contributing to the rapid growth in demand for fire resistant cables in the region. In addition, many countries in this area are subject to frequent natural disasters such as typhoons, earthquakes and floods, which can cause widespread damage to infrastructure systems. As a result, there is a strong market for fire resistant cables in Asia Pacific that is expected to continue growing at a brisk pace in the coming years.

Manufacturers of Fire-Resistant Cable are Witnessing Increased Pressure to Offer Quality and Remain Competitive

A recent surge in demand for fire-resistant cables for power generation has created new opportunities for manufacturers of these cables. Cable manufacturers that can provide high-quality, fire-resistant cables are likely to see the greatest success in this growing market. The need for fire-resistant cables arises from the increasing use of combustible materials in power generation facilities. The risk of fire is particularly high in data centers and other facilities that use large amounts of electronic equipment. In order to protect these facilities from the potential damage caused by a fire, it is necessary to use cables that can resist ignition and spread of flames.

Fire-resistant cables are typically made from materials such as plastics, silicone rubber, and Teflon. Most manufacturers in fire-resistant cable market use proprietary processes when assembling them. This means that even if a manufacturer produces high-quality products, purchasing agents may struggle to find comparable alternatives in terms of price or quality.

Key Vendors in Fire-Resistant Cable Market

NKT Group, Tele-Fonika Kable SA., LS Cable & System Limited, General Cable Corporation LEONI AG, Jiangnan Group Limited, Prysmian Group, Nexans S.A., Jiangnan Group Limited, and Elsewedy Electric Company are some of the key producers in fire-resistant cable market.

Key Elements Included In The Study: Global Fire-Resistant Cable Market

  • Fire-Resistant Cable Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value and Volume, 2018 - 2021
  • Volume Consumption at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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