The North American fire-resistant cable market is anticipated to grow at a CAGR of 5.6% during the forecast period. The region will experience lucrative growth in the market owing to the high demand for fire-resistant cable owing to proper implementation of state and national policies and building codes to improve fire safety, educational campaigns focusing on smoke detectors. The use of fire-resistant cable aids in reducing approximately 20.0% of the energy consumption as an additional benefit. In addition to this, the housing sector is expected to gain momentum in the coming years and hence, a considerable increase in the fire-resistant cable market is expected during the forecast period.
The North American fire-resistant cable market is segmented based on the insulation material and end-use industry. Based on the insulation material, the market is sub-segmented into EPR, LSZH, XLPE, and PVC. Among which PVC cables are anticipated to capture a significant share across the region owing to its high popularity. Further, based on the end-use industry, the market is sub-segmented into automotive and transportation, energy, manufacturing, building and construction, and others. Automotive & transportation also include marine, aviation, and railways. Energy includes renewable energy such as wind, solar, offshore; hydro, thermal & nuclear power plants, and oil & gas sectors. Building & construction include homes, commercial buildings, offices, and other public places. Others include the telecom sector.
Some of the players operating in the North American fire-resistant cable market include Anixter, Inc., Axon' Cable, Houston Wire & Cable Co., Leoni AG, and others. The market players are considerably contributing to the market growth by adopting various strategies including mergers, and acquisitions, and collaborations to stay competitive in the market.
North American Fire-Resistant Cable Market by Insulation Material
· EPR (Ethylene propylene rubber)
· LSZH (Low Smoke Zero Halogen)
· XLPE (Cross-Linked Polyethylene)
· PVC (Poly Vinyl Chloride)
North American Fire-Resistant Cable Market by End-Use Industry
· Automotive & Transportation
· Building & Construction
· American Fire Wire
· Anixter, Inc.
· Axon' Cable SAS
· Borealis AG
· FURUKAWA ELECTRIC CO., LTD
· Houston Wire & Cable Co.
· LEONI AG
· Prysmian Group
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