The Asia-Pacific fire-resistant cable market is anticipated to grow at a CAGR of 5.9% during the forecast period. The presence of strict laws and regulations related to fire safety is a key factor in creating the demand for fire-resistant cable in the region. Moreover, the developing construction industry of the major economies of Asia-Pacific such as India, China, Japan, and Singapore among others are also increasing the use of fire-resistant cables to meet the fire safety requirements in buildings.

Additionally, expansion of power grid or transmission line, along with the rising smart city projects are further strengthening the growth of the market in the region. In addition, the automotive industry of Asia-Pacific is making a noticeable contribution to the growth of the fire-resistant cable market in the region.  

The Asia-Pacific fire-resistant cable market is segmented based on the insulation material and end-use industry. Based on the insulation material, the market is sub-segmented into EPR, LSZH, XLPE, and PVC. Among which PVC cables are anticipated to capture a significant share across the region owing to its high popularity. Further, based on the end-use industry, the market is sub-segmented into automotive and transportation, energy, manufacturing, building and construction, and others. Automotive & transportation also include marine, aviation, and railways. Energy includes renewable energy such as wind, solar, offshore; hydro, thermal & nuclear power plants, and oil & gas sectors. Building & construction include homes, commercial buildings, offices, and other public places. Others include the telecom sector.

Some of the key players of the Asia-Pacific fire-resistant cable market include RR Kabel Ltd., LS Cable & System Ltd., Tianjin Suli Cable Group Ltd., Wilson Cables, Havells India Ltd., and others. The market players are considerably contributing to the market growth by adopting various strategies including mergers, and acquisitions, and collaborations to stay competitive in the market.

For instance, in June 2020, LS Cable & System declared that it has started to ship the first batch of submarine cables for Taiwan’s offshore wind farms. This is the first shipment for the submarine cable project totaling nearly $400 million that LS C&S won from Taiwan. In 2019, LS C&S won the right to supply all the high-voltage (HV) submarine cables for the first offshore wind farm project being built in Taiwan. Such kinds of contracts will be useful for The Company to generate significant revenue and leverage its share in a country.  

Research Methodology

The market study of the Asia-Pacific fire-resistant cable market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for manufacturers of cables manufacturers, distributors, electric utilities, power plant project developers, power grid infrastructure companies, government, and power research organizations, and regulatory authorities for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation

1. Asia-Pacific Fire-Resistant Cable Market Research and Analysis by Insulation Material
2. Asia-Pacific Fire-Resistant Cable Market Research and Analysis by End-Use Industry

The Report Covers

• Comprehensive research methodology of the Asia-Pacific fire-resistant cable market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific fire-resistant cable market.
• Insights about market determinants which are stimulating the Asia-Pacific fire-resistant cable market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.