The European fire-resistant cable market is anticipated to grow at a CAGR of 5.1% during the forecast period (2019-2025). The growth of the market is mainly driven by the cohesive government regulations for fire protection and safety guidelines in the construction industry. Additionally, the presence of major market players in the region further contributes to the regional growth of the market.
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The study of the European fire-resistant cable covers the analysis of major economies of Europe including Germany, UK, Italy, France, and others. Germany is estimated to exhibit a considerable growth of 5.4% during the forecast period. The growth in the country is attributed to significant growth in the building & construction industry across the country. Population growth, demographic changes, and a favorable economic environment are driving high demand for residential buildings.
Further, the power grid of Germany ranks among the most reliable energy sources across the globe, despite an increasing share of fluctuating renewable energy sources. The government is focused on the expansion of the grid to maintain a high level of resilience. Such extensive plans to increase the size of the grid and power transmission system is expected to contribute to the fire-resistant cable market in the country.
Market Coverage
· The market number available for – 2018-2025
· Base year- 2018
· Forecast period- 2019-2025
· Segment Covered-
· By Insulation Material
· By End-Use Industry
· Competitive Landscape- Cleveland Cable Co. Ltd., NKT A/S, Tecnikabel S.p.A., Prysmian Group, Nexans, Leoni AG, and others
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European Fire-Resistant Cable Market Segmentation
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
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
