Fire-Resistant Cable Market Will Witness Substantial Growth in the Upcoming years by 2028
Fire-resistant cables continue to find extensive application across industries like mining, oil and gas, and power transmission and distribution. In addition, growing adoption at commercial buildings, data centres, and hospitals is further supplementing demand surge worldwide. Global Fire-resistant cable market is all set to witness strong growth in the foreseeable future and the consistent surge in energy demand will majorly uphold market growth according to a new upcoming study of Fairfield Market Research. Incessantly rising investments in infrastructural developments are the major factors driving the growth of the fire-resistant cable market.
Fire-resistant Cables Gaining Traction at Data Centres, and Hospitals
Given the growing stringency of regulations concerning the use of fire-resistant cables for protection against potential damage due to fire, especially electrical equipment rooms where smoking is allowed. Moreover, regulatory measures also make it necessary to replace general purpose power supply (GPS) cables with more expensive, safer fire-resistant GPS or fibre optic cables that can installed on ceilings, or walls. With data centres briskly becoming an indispensable element of IT industry that demands reliability for massive data storage and processing, fire-resistant cable market is only projected for notable progress in future.
On the other hand, hospitals have also been installing more sensitive equipment like MRI machines that demand high-level protection against any potential damage in the event of a fire. Silicone rubber or PVC cables are thus expected to experience remarkable demand at hospitals, as well as data centres as they are available in a variety of voltages and sizes and help with protection of power and data cables.
PVC to Gradually Replace XLPE in Fire-resistant Cable Market
Polyethylene (PE)-based insulation has been widely used in power cables when it comes to superior dielectric strength at elevated temperatures. Cross-linked PE (XLPE) cables XLPE cables are more resistant to water spray attacks when compared to other popular categories, which makes them suitable for a variety of applications in marine environments, as well as those that pose a risk of water spray exposure to cables.
However, despite an exceptionally high charring temperature, and low thermal conductivity, XLPE cables are often prone to failure whenever exposed to electrical overstress conditions during short circuit. This has been compelling manufacturers to seek more dependable alternatives, of which polyvinyl chloride (PVC) is likely to gradually emerge as a substitute for XLPE insulation over the course of next few years.
Dominance of Asia Pacific Prevails in Fire-Resistant Cable Market
Fire-resistant cables, as represent a pivotal element of the infrastructure system of economies, often find protective application in telecom systems, national power grid, and transportation networks. Regulatory guidelines regarding the use of fire-resistant cables are stringent, which supports the pace of market growth. In highly populous regions like Asia Pacific that largely depend on complex, interconnected systems of water pipelines, power grids, and telecommunication networks, efficient fire-resistant cable systems continue to be among the top priorities. The unwavering electricity demand across the region will continue to create opportunities for manufacturers. Many nations in the Asian subcontinent are more prone to natural disasters such as typhoons, earthquakes, and floods, which typically tend to cause an extensive damage to infrastructure systems. Asia Pacific thus presents a strong market for fire-resistant cable manufacturers.
Fire-resistant Cable Market – Key Players Analysis
LS Cable & System Limited, Tele-Fonika Kable SA., Nexans S.A., NKT Group, General Cable Corporation LEONI AG, Prysmian Group, Jiangnan Group Limited, Elsewedy Electric Company, and Jiangnan Group Limited are some of the significant companies prominently participating in the competition landscape of global fire-resistant cable market space. The Fairfield Market Research report would cover the detailed strategic analysis of some of the leading market players. While manufacturers have been finding new revenue generation opportunities in power generation segment, quality and pricing are likely to remain the key differentiators in the competition landscape.
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