Fire-Resistant Cable Global Market Report 2024

The fire-resistant cable market has grown steadily in recent years. It will grow from $1.91 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The expansion observed in the historical period can be ascribed to factors such as urbanization and the development of infrastructure, industry-specific requirements, increased awareness and education, considerations related to environmental impact and sustainability, as well as prevailing economic conditions and market growth.

The fire-resistant cable market is expected to see steady growth in the next few years. It will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The anticipated growth in the forecast period can be credited to factors such as the occurrence of fire accidents, increasing emphasis on environmental concerns and sustainable solutions, heightened awareness of fire hazards, industry-specific applications, and the ongoing trends of infrastructure development and urbanization. Noteworthy trends expected in the forecast period encompass the implementation of stringent safety regulations, the adoption of advanced safety solutions, increasing awareness of fire safety, the expansion of industrial applications, and continuous technological advancements.

The anticipated growth in the fire-resistant cable market is expected to be propelled by the increasing generation of electricity. Electricity generation involves the production of electricity from primary power sources. This growth is particularly beneficial for the fire-resistant cable market as these cables are designed to transmit electrical energy under severe conditions that arise during a fire. This ensures a continuous power supply to essential emergency devices such as signaling equipment, air extractors, audible alarms, water pumping systems, and others. For instance, a 2021 report from the Energy Information Administration (EIA) indicated that net energy generation from utility-scale facilities in the United States was projected to reach approximately 4,116 billion kilowatt-hours (kWh) in 2021. Additionally, small-scale solar photovoltaic (PV) systems contributed an extra 49.03 billion kWh (or around 0.05 trillion kWh). The report further highlighted a 61% increase in utility-scale electricity output in the United States from fossil fuels (coal, petrol, and diesel), 19% from nuclear energy, and 20% from alternative energy sources. Thus, the upward trend in electricity generation is a key driver for the growth of the fire-resistant cable market.

The surge in demand from the building and construction sector is anticipated to drive the growth of the fire-resistant cable market in the future. The building and construction sector encompasses the industry involved in the planning, design, construction, and management of buildings and infrastructure. Fire-resistant cables find extensive use in critical areas of buildings, such as emergency exits, stairwells, and fire alarm systems, where maintaining functionality during a fire is crucial for evacuation and firefighting efforts. As an example, data from the UK-based government department, the Office for National Statistics, reported a 5.6% increase in total annual construction output in 2022 compared to 2021. Consequently, the growing demand from the building and construction sector is fueling the expansion of the fire-resistant cable market.

The prevailing trend of product innovations has gained significant traction in the fire-resistant cable market. Major companies in this sector are actively engaged in developing innovative products to enhance their market positioning. A case in point is Nexans, a France-based provider of cable technology solutions, which, in April 2023, introduced Nexans Fire Safety - an all-encompassing offering featuring cutting-edge fire protection cabling solutions, modular wiring solutions, smart packaging, premium services, and digital tools. This comprehensive solution ensures building safety against fire hazards by providing low fire-hazard cables that contribute to reduced smoke opacity, gas emissions, flame spread, and heat release.

The anticipated growth in the fire-resistant cable market is expected to be propelled by increasing investments in infrastructure projects. Investments in infrastructure projects involve the allocation of capital for the development, construction, and maintenance of physical assets, including roads, bridges, highways, public transportation systems, energy infrastructure, and telecommunication networks. As infrastructure investments rise, there is a growing demand for reliable and secure electrical systems within buildings, transportation networks, and other critical infrastructure projects. For example, in May 2023, the Australian Government announced funding of $15.5 billion to support state infrastructure projects. Therefore, the surge in investments in infrastructure projects is a key driver for the growth of the fire-resistant cable market.

In March 2023, Elettrotek Kabel SpA, an Italy-based metal construction company, completed the acquisition of Controlcavi Industria Srl for an undisclosed amount. This strategic move by CCI Cable Service is poised to expand the reach of the EK Group, supporting its ongoing growth trajectory. Controlcavi Industria Srl, the acquired company, is an Italy-based manufacturer specializing in fire-resistant cables.

Major companies operating in the fire-resistant cable market report are LS Cable & System Ltd., Nexans SA, Prysmian SpA, Tratos Limited, El Sewedy Electric Company, Leoni AG, NKT A/S, Relemac Technologies Pvt Ltd., TPC Wire & Cable Corp, General Cable Corporation, Universal Cable (M) Bhd., Furukawa Electric Co. Ltd., Elsewedy Electric S A E, RR Kabel Ltd., Jiangnan Group Limited, Tele-Fonika Kable SA, Bambach Cables, Eland Cables, Top Cable, Belden Inc., Southwire Company LLC, Polycab India Limited, KEI Industries Limited, Finolex Cables Ltd., Havells India Limited, Lapp Group, Caledonian Cables Ltd., Ducab, Oman Cables Industry, Riyadh Cables Group of Companies, Bahra Cables Company, Alfanar Group, Saudi Cable Company, National Cables Industry.

Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fire-resistant cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fire-resistant cable market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of insulation materials for flame-resistant cables include ethylene propylene rubber-insulated (EPR), low smoke zero halogen (LSZH), polyvinyl chloride (PVC), cross-linked polyethylene (XLPE), and others. Ethylene propylene rubber-insulated (EPR) serves as a versatile insulation material utilized across a wide range of voltages and applications. These applications span low, medium, and transmission voltages, covering control and equipment wiring, cables, extraction cables, and cable accessories. The voltage categories include 15kV, 16-30kV, and >30kV, with applications in various industries such as automotive and transportation, building and construction, energy, manufacturing, and more.

The fire-resistant cable market research report provides fire-resistant cable market statistics, including fire-resistant cable industry global market size, regional shares, competitors with a fire-resistant cable market share, detailed fire-resistant cable market segments, market trends and opportunities, and any further data you may need to thrive in the fire-resistant cable industry. This fire-resistant cable market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fire-resistant cable market consists of sales of single-core cables, mineral-insulated (MI) fireproof cables, metal-clad (MC) fireproof cables, and multi-core cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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