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.
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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.
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North American 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 & Transportation
· Energy
· Manufacturing
· Building & Construction
· Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
