Increase in Fire Incidences Creating Demand hence Driving the US Fire-Resistant Cable Market

The US fire-resistant cable market is anticipated to grow at a CAGR of 5.6% during the forecast period (2019-2025). The growth of the market is anticipated to the presence of various regulations concerning the advanced fire safety of both commercial and residential. 

Browse the full report description US Fire-Resistant Cable Market Size, Share & Trends Analysis Report By Insulation Material (EPR (Ethylene propylene rubber), LSZH (Low Smoke Zero Halogen), XLPE (Cross-Linked Polyethylene), PVC (Poly Vinyl Chloride)), By End-use Industry (Automotive and Transportation, Energy, Manufacturing, Building and Construction, and Others), and Forecast 2019-2025 at https://www.omrglobal.com/industry-reports/us-fire-resistant-cable-market

Additionally, the advancements in the fire safety products by the global players present across the country are also driving the growth of new sales fire resistance cable. The country’s rapidly expanding housing sector is also expected to fuel the growth of the fire-resistant cable industry. 

Furthermore, the National Fire Protection Association (NFPA) indicates that a fire occurs in a structure at the rate of one every 63 seconds, and a home fire takes place every 88 seconds across the US. This is one of the major drivers leading to the usage of fire-resistant cables along with the installation of advanced solutions based on IoT technologies and sensor fusion concepts. 

Besides, according to the American Red Cross, there have been 7 fatalities on an average per day, mostly in the household, lack basic fire safety equipment/material such as fire-resistant cable and smoke alarms. This is expected to significantly fuel the fire resistance cable market growth across the country.

Market Coverage

• The market number available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Segment Covered- 

o By Insulation Material

o By End-Use Industry

• Competitive Landscape- Anixter, Inc., American Fire Wire, Prysmian Group, Leoni AG

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

US Fire-Resistant Cable Market Report Segment

By Insulation Material

• EPR (Ethylene propylene rubber)
• LSZH (Low Smoke Zero Halogen)
• XLPE (Cross-Linked Polyethylene)
• PVC (Poly Vinyl Chloride)

By End-Use Industry

• Automotive and Transportation
• Energy
• Manufacturing
• Building and Construction
• Others