The North American fire-resistant cable market is anticipated to grow at a CAGR of 5.6% during the forecast period. The region will experience lucrative growth in the market owing to the high demand for fire-resistant cable owing to proper implementation of state and national policies and building codes to improve fire safety, educational campaigns focusing on smoke detectors. The use of fire-resistant cable aids in reducing approximately 20.0% of the energy consumption as an additional benefit. In addition to this, the housing sector is expected to gain momentum in the coming years and hence, a considerable increase in the fire-resistant cable market is expected during the forecast period.

The North American 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 players operating in the North American fire-resistant cable market include Anixter, Inc., Axon' Cable, Houston Wire & Cable Co., Leoni AG, 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.

Research Methodology

The market study of the North American 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. North America Fire Resistant Cable Market Research and Analysis by Insulation Material
2. North America Fire Resistant Cable Market Research and Analysis by End-Use Industry

The Report Covers

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