Fire-Resistant Cable Market - Global Fire-Resistant Cable Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, & Forecast 2023-2030 - (By Insulation Material Coverage, By End-use Industry Coverage, By Geographic Coverage & By Company)

Description

The global fire-resistant cable market is set to experience steady growth, with a CAGR of 3.6% expected from 2023 to 2030. The market, valued at approximately US$2.1 billion in 2022, is projected to reach around US$2.79 billion by 2030, according to a comprehensive report from Fairfield Market Research. The report provides insights into key trends, growth determinants, and major players shaping the fire-resistant cable market.

Key Market Trends

Increasing Demand for Renewable Energy: The growing demand for renewable energy sources is a key driver of market growth. Fire-resistant cables are essential in solar PV installations, ensuring secure and reliable connections in rooftop and utility-scale solar setups.

Rapid Expansion in the Healthcare Sector: Fire-resistant cables are witnessing significant growth in the healthcare sector. These cables play a crucial role in safeguarding medical equipment, such as monitoring devices, life support systems, and diagnostic tools, from fire-related damage.

Need for Awareness: Despite their advantages, there is still a lack of awareness about the significance of fire-resistant cables in various regions and industries. This lack of understanding could hinder market development.

Segmentation and Dominant Categories (2022)

XLPE Leads Insulating Materials: In 2022, XLPE (Cross-linked Polyethylene) cables dominated the market due to their high dielectric strength, low dielectric loss, and other excellent electrical properties.

LSZH Segment to Grow Fastest: Low Smoke Zero Halogen (LSZH) cables are expected to be the fastest-growing segment in the fire-resistant cable market. These cables produce minimal smoke when exposed to fire, enhancing visibility and safety in confined spaces like buildings, tunnels, and transportation systems.

Building & Construction: The building and construction category was the dominant end-use sector in 2022. Fire-resistant cables are essential for building fire safety systems, including evacuation systems, emergency lighting, and fire alarm systems.

Regional Insights

Asia Pacific Dominates: Asia Pacific is expected to lead the fire-resistant cable market during the forecast period. The region's booming residential, commercial, and industrial projects, especially in China, India, and ASEAN countries, are driving the demand for fire-resistant cables.

North America Fastest-Growing: North America is projected to be the fastest-growing region in the fire-resistant cable market. Stringent fire safety regulations and construction standards in the United States, along with a robust building sector and a significant data center market, are driving demand.

Key Growth Determinants

Increasing Demand in Residential Buildings: Stricter building regulations and safety laws in many countries require the use of fire-resistant cables in residential construction, leading to increased demand.

Technological Advancements: Ongoing research and development have led to the creation of advanced fire-resistant materials, improving the ability of fire-resistant cables to withstand higher temperatures and extend fire protection.

Demand from Non-construction Sectors: Industries like manufacturing, oil and gas, data centers, and automotive are increasingly relying on fire-resistant cables for safety and reliability in complex and hazardous environments.

Major Growth Barriers

Prohibitive Price Point: Higher initial costs of fire-resistant cables may deter some customers, particularly in price-sensitive markets, leading to delayed or postponed purchases.

Complex Installation: Proper installation of fire-resistant cables often requires specialized skills, which can be more expensive. Additionally, their installation may take more time compared to conventional cables, potentially impacting project schedules.

Key Trends and Opportunities

Rising Popularity of LSZH Cables: Low Smoke Zero Halogen (LSZH) cables, known for producing minimal harmful smoke and halogen emissions in fires, are gaining popularity for their environmental friendliness and safety benefits.

Growing Demand in Data Centers: Data centers rely on fire-resistant cables to protect critical infrastructure and ensure data integrity, making them a crucial component in data center safety.

Adoption in Electric Vehicle (EV) Industry: Fire-resistant cables play a vital role in the safety of electric and hybrid vehicles, where lithium-ion batteries can pose fire risks.

Regulatory Impact

Various regulatory frameworks and standards, such as those from the International Electrotechnical Commission (IEC) and Underwriters Laboratories (UL), ensure the performance and safety of fire-resistant cables. Compliance with these standards influences product design and production.

Top Players in the Global Fire-Resistant Cable Market

Prysmian Group

Nexans S.A.

NKT Group

Leoni AG

LS Cable & System Limited

Jiangnan Group Limited

Tratos Limited

EL Sewedy Electric Company

Furukawa Electric Co., Ltd.

Universal Cable (M) Berhad

Panduit

TPC Wire & Cable Corp.

Belden Inc.

Siemens AG

Relemac Technologies Pvt. Ltd.

1. Executive Summary

1.1. Global Fire-Resistant Cable Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Fire-Resistant Cable Market Outlook, 2018 - 2030

3.1. Global Fire-Resistant Cable Market Outlook, by Insulation Material, Value (US$ Bn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. XLPE
  - 3.1.1.2. PVC
  - 3.1.1.3. EPR
  - 3.1.1.4. LSZH
  - 3.1.1.5. Others
3.2. Global Fire-Resistant Cable Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Automotive & Transportation
  - 3.2.1.2. Building & Construction
  - 3.2.1.3. Energy
  - 3.2.1.4. Manufacturing
  - 3.2.1.5. Others
3.3. Global Fire-Resistant Cable Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Fire-Resistant Cable Market Outlook, 2018 - 2030

4.1. North America Fire-Resistant Cable Market Outlook, by Insulation Material, Value (US$ Bn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. XLPE
  - 4.1.1.2. PVC
  - 4.1.1.3. EPR
  - 4.1.1.4. LSZH
  - 4.1.1.5. Others
4.2. North America Fire-Resistant Cable Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Automotive & Transportation
  - 4.2.1.2. Building & Construction
  - 4.2.1.3. Energy
  - 4.2.1.4. Manufacturing
  - 4.2.1.5. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Fire-Resistant Cable Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 4.3.1.2. U.S. Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 4.3.1.3. Canada Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 4.3.1.4. Canada Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Fire-Resistant Cable Market Outlook, 2018 - 2030

5.1. Europe Fire-Resistant Cable Market Outlook, by Insulation Material, Value (US$ Bn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. XLPE
  - 5.1.1.2. PVC
  - 5.1.1.3. EPR
  - 5.1.1.4. LSZH
  - 5.1.1.5. Others
5.2. Europe Fire-Resistant Cable Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Automotive & Transportation
  - 5.2.1.2. Building & Construction
  - 5.2.1.3. Energy
  - 5.2.1.4. Manufacturing
  - 5.2.1.5. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Fire-Resistant Cable Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 5.3.1.2. Germany Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 5.3.1.3. U.K. Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 5.3.1.4. U.K. Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 5.3.1.5. France Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 5.3.1.6. France Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 5.3.1.7. Italy Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 5.3.1.8. Italy Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 5.3.1.9. Turkey Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 5.3.1.10. Turkey Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 5.3.1.11. Russia Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 5.3.1.12. Russia Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 5.3.1.13. Rest of Europe Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 5.3.1.14. Rest of Europe Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Fire-Resistant Cable Market Outlook, 2018 - 2030

6.1. Asia Pacific Fire-Resistant Cable Market Outlook, by Insulation Material, Value (US$ Bn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. XLPE
  - 6.1.1.2. PVC
  - 6.1.1.3. EPR
  - 6.1.1.4. LSZH
  - 6.1.1.5. Others
6.2. Asia Pacific Fire-Resistant Cable Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Automotive & Transportation
  - 6.2.1.2. Building & Construction
  - 6.2.1.3. Energy
  - 6.2.1.4. Manufacturing
  - 6.2.1.5. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Fire-Resistant Cable Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. China Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 6.3.1.2. China Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 6.3.1.3. Japan Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 6.3.1.4. Japan Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 6.3.1.5. South Korea Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 6.3.1.6. South Korea Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 6.3.1.7. India Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 6.3.1.8. India Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 6.3.1.9. Southeast Asia Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 6.3.1.10. Southeast Asia Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 6.3.1.11. Rest of Asia Pacific Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 6.3.1.12. Rest of Asia Pacific Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Fire-Resistant Cable Market Outlook, 2018 - 2030

7.1. Latin America Fire-Resistant Cable Market Outlook, by Insulation Material, Value (US$ Bn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. XLPE
  - 7.1.1.2. PVC
  - 7.1.1.3. EPR
  - 7.1.1.4. LSZH
  - 7.1.1.5. Others
7.2. Latin America Fire-Resistant Cable Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Automotive & Transportation
  - 7.2.1.2. Building & Construction
  - 7.2.1.3. Energy
  - 7.2.1.4. Manufacturing
  - 7.2.1.5. Others
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Fire-Resistant Cable Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 7.3.1.2. Brazil Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 7.3.1.3. Mexico Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 7.3.1.4. Mexico Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 7.3.1.5. Argentina Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 7.3.1.6. Argentina Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 7.3.1.7. Rest of Latin America Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 7.3.1.8. Rest of Latin America Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Fire-Resistant Cable Market Outlook, 2018 - 2030

8.1. Middle East & Africa Fire-Resistant Cable Market Outlook, by Insulation Material, Value (US$ Bn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. XLPE
  - 8.1.1.2. PVC
  - 8.1.1.3. EPR
  - 8.1.1.4. LSZH
  - 8.1.1.5. Others
8.2. Middle East & Africa Fire-Resistant Cable Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Automotive & Transportation
  - 8.2.1.2. Building & Construction
  - 8.2.1.3. Energy
  - 8.2.1.4. Manufacturing
  - 8.2.1.5. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Fire-Resistant Cable Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 8.3.1.2. GCC Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 8.3.1.3. South Africa Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 8.3.1.4. South Africa Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 8.3.1.5. Egypt Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 8.3.1.6. Egypt Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 8.3.1.7. Nigeria Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 8.3.1.8. Nigeria Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
  - 8.3.1.9. Rest of Middle East & Africa Fire-Resistant Cable Market by Insulation Material, Value (US$ Bn), 2018 - 2030
  - 8.3.1.10. Rest of Middle East & Africa Fire-Resistant Cable Market End-Use Industry, Value (US$ Bn), 2018 - 2030
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Capacity vs End-Use Industry Heatmap
9.2. Manufacturer vs End-Use Industry Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. Prysmian Group
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Products Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. Nexans S.A.
  - 9.5.2.1. Company Overview
  - 9.5.2.2. Products Portfolio
  - 9.5.2.3. Financial Overview
  - 9.5.2.4. Business Strategies and Development
- 9.5.3. NKT Group
  - 9.5.3.1. Company Overview
  - 9.5.3.2. Products Portfolio
  - 9.5.3.3. Financial Overview
  - 9.5.3.4. Business Strategies and Development
- 9.5.4. Leoni AG
  - 9.5.4.1. Company Overview
  - 9.5.4.2. Products Portfolio
  - 9.5.4.3. Financial Overview
  - 9.5.4.4. Business Strategies and Development
- 9.5.5. LS Cable & System Limited
  - 9.5.5.1. Company Overview
  - 9.5.5.2. Products Portfolio
  - 9.5.5.3. Financial Overview
  - 9.5.5.4. Business Strategies and Development
- 9.5.6. Jiangnan Group Limited
  - 9.5.6.1. Company Overview
  - 9.5.6.2. Products Portfolio
  - 9.5.6.3. Financial Overview
  - 9.5.6.4. Business Strategies and Development
- 9.5.7. Tratos Limited
  - 9.5.7.1. Company Overview
  - 9.5.7.2. Products Portfolio
  - 9.5.7.3. Financial Overview
  - 9.5.7.4. Business Strategies and Development
- 9.5.8. EL Sewedy Electric Company
  - 9.5.8.1. Company Overview
  - 9.5.8.2. Products Portfolio
  - 9.5.8.3. Financial Overview
  - 9.5.8.4. Business Strategies and Development
- 9.5.9. Furukawa Electric Co., Ltd.
  - 9.5.9.1. Company Overview
  - 9.5.9.2. Products Portfolio
  - 9.5.9.3. Financial Overview
  - 9.5.9.4. Business Strategies and Development
- 9.5.10. Universal Cable (M) Berhad
  - 9.5.10.1. Company Overview
  - 9.5.10.2. Products Portfolio
  - 9.5.10.3. Financial Overview
  - 9.5.10.4. Business Strategies and Development
- 9.5.11. Panduit
  - 9.5.11.1. Company Overview
  - 9.5.11.2. Products Portfolio
  - 9.5.11.3. Financial Overview
  - 9.5.11.4. Business Strategies and Development
- 9.5.12. TPC Wire & Cable Corp.
  - 9.5.12.1. Company Overview
  - 9.5.12.2. Products Portfolio
  - 9.5.12.3. Financial Overview
  - 9.5.12.4. Business Strategies and Development
- 9.5.13. Belden Inc.
  - 9.5.13.1. Company Overview
  - 9.5.13.2. Products Portfolio
  - 9.5.13.3. Financial Overview
  - 9.5.13.4. Business Strategies and Development
- 9.5.14. Siemens AG
  - 9.5.14.1. Company Overview
  - 9.5.14.2. Products Portfolio
  - 9.5.14.3. Financial Overview
  - 9.5.14.4. Business Strategies and Development
- 9.5.15. Relemac Technologies Pvt. Ltd
  - 9.5.15.1. Company Overview
  - 9.5.15.2. Products Portfolio
  - 9.5.15.3. Financial Overview
  - 9.5.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations