New Analysis from Global Industry Analysts Reveals Steady Growth for Fire Resistant Cables, with the Market to Reach $2.2 Billion Worldwide by 2026

SAN FRANCISCO, Sept. 23, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Fire Resistant Cables - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 662
Companies: 34 - Players covered include Bahra Advanced Cable Manufacture Co. Ltd.; Cavicel S.P.A; Dubai Cable Company (Private) Ltd.; EL Sewedy Electric Company; General Cable Corporation; Jiangnan Group Limited; Keystone Cable; Leoni AG; LS Cable & System Ltd.; Middle East Specialized Cables Company; Nexans S.A.; NKT Group; Prysmian Group; Siccet SRL; ST Cable Corporation; Tele-Fonika Kable SA; Tianjin Suli Cable Group; Top Cable; Tratos Limited; Universal Cable (M) Berhad; Walsin Lihwa Corporation and Others.
Coverage: All major geographies and key segments
Segments: Material (XLPE, PVC, LSZH, EPR); End-Use (Building & Construction, Automotive & Transportation, Manufacturing, Energy, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Fire Resistant Cables Market to Reach $2.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Fire Resistant Cables estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2026, growing at a CAGR of 3.3% over the analysis period. XLPE, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$989.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the PVC segment is readjusted to a revised 3.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $498.7 Million in 2021, While China is Forecast to Reach $420.8 Million by 2026
The Fire Resistant Cables market in the U.S. is estimated at US$498.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$420.8 Million by the year 2026 trailing a CAGR of 5.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

LSZH Segment to Reach US$275.1 Million by the year 2026
In the global LSZH segment, USA, Canada, Japan, China and Europe will drive the 2.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$175.5 Million in the year 2020 will reach a projected size of US$211.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.