The US fire-resistant cable market is anticipated to grow at a CAGR of 5.6% during the forecast period. The stringent government regulations and higher penetration levels of advanced fire safety technology among both commercial and residential users are some of the major drivers enabling the growth of the market in the country. The country also has some of the best emergency response infrastructure, globally. Fire alarms and smoke detectors are mandated by several local and central authorities, which are directly connected to a national grid for the rapid detection of emergency situations.
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Furthermore, according to the Centers for Disease Control and Prevention, every year at least 430 people die in the US from accidental carbon monoxide poisoning. This, in turn, is driving the installation of fire safety systems in their household, office, and hence impacting the fire-resistant cable market in the country.
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The US 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 US fire-resistant cable market include Anixter, Inc., American Fire Wire, Prysmian Group, 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.
Market Segmentation
US Fire-Resistant Cable Market by Insulation Material
• EPR (Ethylene propylene rubber)
• LSZH (Low Smoke Zero Halogen)
• XLPE (Cross-Linked Polyethylene)
• PVC (Poly Vinyl Chloride)
US Fire-Resistant Cable Market by End-Use Industry
• Automotive & Transportation
• Energy
• Manufacturing
• Building & Construction
• Others
Company Profiles
• 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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