Fire Resistant Cable Market Is Expected To Grow At a CAGR Of 4.5% FROM 2017-2026.

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According to Stratistics MRC, the “Global Fire Resistant Cable market” is estimated at $1.62 billion in 2017 and is projected to reach $2.41 billion by 2026, at a CAGR of 4.5%. 

 

Fire-resistant cables, also known as circuit integrity (CI) cables, are defined as the cable that is competent of maintaining circuit integrity for a specified time period during a fire. These cables are usually a soft jacket with a solid conductor. When these cables are exposed to high-temperature conditions, cable’s soft and flexible insulating material changes and create a fire-resistant insulator in order to protect the conductors. These cables are specifically designed in order to deliver power and auxiliary control in fire alarm systems, voice alarm systems, and emergency lighting systems.

 

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The fire-resistant cable market is likely to experience considerable growth in the upcoming years. The fire-resistant cable made up of silicon-free and inorganic mineral is one of the recent manufacturing trends in the market. The insulated cable of solid copper and magnesium oxide is highly efficient with a melting point of 1083°C and 2800°C. Hence, it can survive and resist fire and can easily survive at a high temperature of 1000°C. Due to high capacity, this kind of cables is widely used in heavy-manufacturing industries. The recent research by the analyst evaluated that the cables made with low thermal conductivity, aerogel, and geopolymer composites are fire resistance, and it can resist the flames of up to 2,300 degrees Fahrenheit. 

 

Based on the end user, the building & construction segment is expected to grow at a significant rate during the forecast period. Increasing infrastructural activities from emerging economies of the Asia Pacific and Middle East & Africa regions, ongoing urbanization and need for fire safety are factors driving the building & construction industry. The fire-resistant cables are intended for use in installations where vital circuits are required to continue operation in the event of the outbreak of fire. It is particularly suited for use in public buildings and constructions (such as hospitals, theatres, shopping developments, tunnels, mass transit railways, oil & petrochemical plants, power stations, and computer installations) where the danger to life, equipment and structures may be greatly increased in the event of a power failure due to fire.

 

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By geography, The North American fire-resistant cable market has been showing lucrative 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. In North America, Canada fire resistant cables are also required to be tested to the same time temperature protocol as all other fire-rated building components and structures. Moreover, it requires that for limited-access highways in the USA the construction and structure including the electric cables need to be protected in order to survive fire temperatures in accordance with the RWS curve.

 

Some of the key players in Fire Resistant Cable market are General Cable Corporation, Leoni AG, Universal Cable (M) Berhad, Sewedy Electric Company, Prysmian Group, Tele-Fonika Kable SA, Tianjin Suli Cable Group, LS Cable & System Ltd, Dubai Cable Company (Private) Ltd, NKT Group, Keystone Cable, Tratos Limited, Nexans S.A and Jiangnan Group Limited.

 

Leoni AG – Sep, 2017 - Leoni has expanded cable manufacturing facility at Pune to leverage “Make in India”. The company inaugurated an electron beam accelerator, which allows to provide high performance cables to customers from various industries such as railway or solar. They are able to provide superior solutions for the country’s rising needs with regard to the initiative ‘Make in India’. India is an important country for the realization of the Company’s globalization strategy. The expansion at Pune will strengthen its leading position in the country and enable it to support India’s economic development as well as generate employment opportunities both for the high skilled and well trained workforce in the Pune region. The combined production area has increased to more than 20,000 square meters and a capacity to manufacture 80,000 kilometers per year of electron beam cross linked cables, which ensure a higher degree of safety, superior performance and greater efficiency. 

 

Prysmian Group – Mar, 2018 - Prysmian Group has signed an agreement with JG Summit Petrochemicals Group (JGSPG) for the supply of a total of approximately 820 km of Power (Low Voltage and Medium Voltage), Instrumentation & Control and Telecommunication cables for Plant & Petrochemical applications. JGSPG consists of JG Summit Petrochemical Corporation (JGSPC) - the largest manufacturer of polyolefins in the Philippines and the first and only integrated PE and PP resin manufacturer in the country. Both companies are wholly-owned subsidiaries of JG Summit Holdings, Inc. (JGSHI), one of the country’s largest and most diversified conglomerates, with business interests in food manufacturing, air transportation, real estate and property development, petrochemicals, banking, publishing, power generation, and telecommunications.

 

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