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.
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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.
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Global 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
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of The World
- Latin America
- Middle East & Africa
Company Profiles
- Anixter, Inc.
- Cleveland Cable Company
- Elsewedy Electric
- General Cable Technologies Corp.
- Havells India Ltd.
- KEI Industries Ltd.
- LEONI Special Cables GmbH
- LS Cable & System Ltd.
- Metsec Cables Ltd.
- Nexans
- NKT A/S
- Polycab India Ltd.
- Prysmian Group
- Reka Cables Ltd.
- Relemac Technologies Pvt. Ltd.
- RR Kabel
- Sarawak Cable Berhad
- Tekab Co., Ltd.
- Teldor Cables and Systems Ltd.
- TELE-FONIKA Kable S.A.
- Tianjin Suli Cable Group Ltd.
- TPC Wire & Cable Corp.
- Tratos Group
- Wilson Cables Pvt. Ltd.
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