Fire resistant cable market is expected to grow at a significant rate during the forecast period 2019-2025. Fire resistant cables are intended to maintain circuit integrity in the event of a fire. It ensures the safe evacuation of people with no harmful effects, such as smoke and toxic gases. These cables are manufactured in the format, such as XLEVA-MI/XLPE/PVC/LSOH/PE/EPR as primary insulation material and flame-retardant PVC, and LSOH as sheathing or bedding material. Fire-resistant cables are utilized in safety systems, such as door opening, warning systems, emergency lighting, and fire detection for control or power feeding. The major factors encouraging the growth of the market include increasing the building and construction industry coupled with government regulations for fire protection and the rising demand for power generation. For instance, according to the US Energy Information Administration (EIA), the world energy consumption will increase by 28% between 2015 and 2040. Majority of the demand for energy is expected to come from countries with strong economic growth, especially Asia. Moreover, it is expected that non-OECD countries, such as China and India account for over 60% of the world’s overall rise in the consumption of energy from the period 2015 to 2040. As per their estimation, renewables are the fastest growing energy source with an increasing consumption by an average 2.3% annually from the period 2015 and 2040.

The second fastest growing energy source globally is expected to be a nuclear power, with a rising consumption by 1.5% every year between 2015 and 2040. This, in turn, is supporting the demand for nuclear power plants. For their safety systems, these plants utilize several layers of fire protection. Such layers comprise fire detection/suppression systems, including smoke detectors and sprinklers and fire barriers, including insulation. In addition, every plant must outline the fire protection plan and program to ensure that the reactor can be carefully and safely shut down in case of fire. The circuit integrity cables enable to protect the electrical circuit from harmful fire conditions. As a result, it allows to achieve and maintain safe shutdown and suppression activities. The cables are dependent to safely control the plant systems. This, in turn, is contributing to the adoption of fire-resistant cables to maintain circuit integrity and standardization and testing of these cables are required to ensure its better performance. Apart from these driving factors, stringent government regulations regarding the testing of fire-resistant cables are restricting the growth of the market.

The global fire-resistant cable market is segmented into insulation material and end-use industry. Based on insulation material, the market is further segmented into EPR (Ethylene propylene rubber), LSZH (Low Smoke Zero Halogen), XLPE (Cross-Linked Polyethylene), and PVC (Poly Vinyl Chloride). Additionally, on the basis of end-use industry, the market is further classified into automotive and transportation, energy, manufacturing, building and construction, and others. Rising demand for fire-resistant cables in automotive and transportation has reported. Electrical and mechanical concerns are the most common cause of the fire. According to the National Fire Protection Association (NFPA), on average, 17 automobile fires were accounted every hour and killed an average of four people per week. Due to such significant fire incidences, the demand for fire-resistant cables in vehicles has increased significantly as these cables use inorganic insulation materials that create a non-conductive char layer when exposed to fire. In addition, fire-resistant cable sheaths are designed to reduce flame propagation and resist combustion, which can play a vital role to ensure safety in vehicles.

On the basis of geography, the global fire-resistant cable market is segmented into four major regions, such as North America, Europe, Asia-Pacific, and RoW. North American fire-resistant cable market has been showing significant growth due to a significant number of reported fires in the US. This, in turn, is creating awareness among people to adopt fire-resistant cables in order to prevent or reducing the effects of fire. Moreover, Asia-Pacific is expected to witness steady growth due to improving infrastructure and growth in the manufacturing sector in the region.

Some companies involved in the manufacturing of fire-resistant cables comprise Prysmian Group, Anixter, Inc., Nexans, Tianjin Suli Cable Group Ltd., and NKT A/S. Several strategies, such as merger and acquisitions, and product launches have been reported by these companies to increase market share globally. For instance, in December 2018, Nexans launches the advanced FLAMEX Ethernet FR series of fire-resistant communication cables. It has been developed to maintain circuit integrity during the fire and allowing the train crew to constant use major control and communication systems even in case of flame propagation to the train coaches. The FR Ethernet cable, which is common with all the company’s FLAMEX cables enables to reduce the spread of potential fires and harmful smoke releases according to the EN 5545 standards.

Research Methodology:

The market study of global 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 in 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 the authenticity of our reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Authentic public databases such as U.S. EIA, NFPA, and so on.
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

Global fire-resistant cable market is segmented on the basis of regional outlook and following segments:

• Global Fire resistant cable Market Research and Analysis by Insulation Material
• Global Fire resistant cable Market Research and Analysis by End-Use Industry
• Global Fire resistant cable Market Research and Analysis by Region

The Report Covers

• Comprehensive research methodology of the global 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 global fire resistant cable market.
• Insights about market determinants which are stimulating the global fire resistant cable market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.