Fire-Resistant Cable Market : Leading Segments and their Growth Drivers 2022-2028
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.
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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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