[Cable Network News] According to a report released by Markets and Markets, an international market research organization, the compound annual growth rate of the global fire-resistant cable market from 2021 to 2026 is about 3.3%.
As the public raises awareness of fire safety, the rapid pace of industrialization and urbanization, and the implementation of fire safety regulations by governments around the world, the demand for fire-resistant cables will increase significantly during the forecast period.
From the perspective of insulation materials, cross-linked polyethylene (XLPE) will lead the fire-resistant cable market in 2020 and is expected to occupy the largest share of this market during the forecast period. High thermal short-circuit rating, excellent electrical performance in the full temperature range, thermal deformation resistance at high temperatures, excellent water resistance and low water permeability, excellent chemical resistance, high durability and long service life are driving the XLPE subdivision The growth of the market.
From the application industry perspective, during the forecast period, construction and construction will become the largest market segment in the fire-resistant cable market. The increase in public building safety awareness promotes an increase in the demand for fire-resistant cables. Fire-resistant cables are used in power distribution in almost all commercial and residential buildings. More and more construction activities are driving the fire-resistant cable market in the construction and construction industry.
In terms of market area, the Asia-Pacific region is expected to account for the largest share of the fire-resistant cable market. During the forecast period, the growing population and rapid urbanization are the key factors driving the expansion of the industry in the region. The cable is easy to install, maintains the reliability of the circuit, can withstand high temperatures and fires, and ensures personal safety. The growing construction and automotive industries in Asia-Pacific countries are driving the demand for fire-resistant cables in the region.
From the perspective of manufacturers, in the international market, Pryssmann (including the acquired General Cable), Nexans, Ankete Group, Leoni Cable, LS Cable, Southwire, Sumitomo Electric, etc. will become the forecast period The major cable manufacturers in China. On the other hand, major regional manufacturers in various regions, such as China’s Far East Smart Energy, Egypt’s Elsewedy Electric, and the Middle East’s Dubai Cable, will also actively participate in international competition by virtue of their advantages.
