PUNE, India, June 13, 2018 /PRNewswire/ --
The report "Fire Resistant Cable Market by Insulation Material (XLPS, LSZH, PVC, EPR), End-Use Industry (Building & Construction, Automotive & Transportation, Manufacturing, Energy), and Region (APAC, North America, Europe, MEA) - Global Forecast to 2023", published by MarketsandMarkets™, the Global Fire Resistant Cable Market is projected to grow from USD 1.76 Billion in 2018 to USD 2.06 Billion by 2023, at a CAGR of 3.2% from 2018 to 2023.
Browse 83 market data Tables and 51 Figures spread through 146 Pages and in-depth TOC on "Fire Resistant Cable Market"
Early buyers will receive 10% customization on this report
The growth of the Fire Resistant Cable Market is driven by the rising demand for fire resistant cable from the building & construction, automotive & transportation, and other end-use industries and increasing regulations for fire safety across geographies.
Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=228317537
By insulation material, the XLPE segment is estimated to lead the Fire Resistant Cable Market in 2018.
Based on insulation material, the XLPE segment is estimated to lead the Fire Resistant Cable Market in 2018. The growth of this segment can be attributed to its easy availability of XLPE, average price than other insulation materials, and excellent insulation properties.
The building & construction segment is expected to be the fastest-growing end-use industry segment of the Fire Resistant Cable Market during the forecast period.
Based on end-use industry, the building & construction segment is expected to grow at the highest rate during the forecast period. Increasing infrastructural activities from emerging economies of the Asia Pacific and Middle East & Africa regions is driving this segment.
Asia Pacific is estimated to lead the Fire Resistant Cable Market during the forecast period.
The growth in building & construction, and automotive & transportation industries is projected to be the key driving factor for the Fire Resistant Cable Market in the Asia Pacific region. China is the largest consumer of fire resistant cable in the Asia Pacific region. The growing manufacturing industry in China is also leading to the growth of the Fire Resistant Cable Market in the country. Increased demand for fire safety and government regulations is another factor driving the consumption of fire resistant cable in China.
Key players in the Fire Resistant Cable Market include Prysmian Group (Italy), Nexans S. A. (France), and NKT Group (Denmark) among others.
Know more about Fire Resistant Cable Market:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets