Ceramified Cable Market to Touch US$277.0 Mn by 2026 | Rising Use of Safety Measures to Prevent Fire Accidents Augment Demand - TMR

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May 22, 2019, 06:30 ET

ALBANY, New York, May 22, 2019 /PRNewswire/ -- The global ceramified cable market is eminently competitive and fragmented, states Transparency Market Research (TMR) report. A few of the prominent market players in the global ceramified cable market include Prysmian Group, Wacker Chemie AG, Siccet SRL, Birtas Instrumentation Cables, Bhuwal Cables Ltd., and Tekab Co. Ltd. These players are at the forefront to adopt competitive strategies through mergers, acquisitions, collaborations, partnership, and agreements. They are also working to bring in the best and innovative products to gain a competitive market across the globe.

Ceramified cables are gaining traction due to the safety measures that it provides from fire accidents. The global ceramified cable market is predicted to grow at a CAGR of 5.2% during the forecast period 2018 to 2026. The global ceramified cable market is predicted to reach a valuation of US$277.0 mn by the end of 2026.

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In terms of region, the Asia Pacific is expected to rule the global ceramified cable market. Developing economies such as China and India are projected to hold a larger market in this region. The growth in these countries can be attributed to the rise in the residential and commercial complexes. Furthermore, Australia is also likely to propel the growth in the global ceramified cable market during the forecast period. The global ceramified cable market is segmented into fire and smoke detection system, emergency lighting and signage, emergency communication, rescue elevators, and emergency generators on the basis application. Among these, fire and smoke is expected to dominate the global ceramified cable market during the forecast period.

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Stringent Regulations to Boost Global Ceramified Cable Market

Stringent regulations imposed by governments to ensure safety in commercial and residential buildings is projected to fuel growth in the global ceramifide cable market. Additionally, these cables are being used in high temperature sensitive areas, owing to the growth of the global ceramide cables market in the approaching years. Cost-effectiveness of ceramified cable will create a huge demand in commercial and residential buildings. Rapid urbanization in developing countries will lead the global ceramified cable market towards a substantial growth in the upcoming years.

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Although, fire and smoke detectors are expected to be the largest application to dominate the global ceramified cable market during the forecast period. The global ceramified cable market will be captured by emergency and signage applications. It is expected to grow at a substantial rate during the forecast period. Among the end-user industries, the building industry is likely to be the prominent consumer in the global ceramified cable market in the upcoming years.

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Reduction in Voltage Drop to Promote Growth

Technological development in ceramified cables to challenge voltage issues are expected to boost the global ceramified cable market. Alternatively, such development is likely to conserve energy in the commercial and residential sectors. New cables have been introduced in the market that will provide longer evacuation during fire accidents. These factors are expected to surge the demand in the global ceramified cable market and lead to growth during the forecast period.

Availability of substandard products in the market and price fluctuations in raw materials are foretold to restrain the market during the forecast period.

Nonetheless, other factors such as development in rail network, replacement of age old infrastructure, and power grid maintainace are also predicted to amplify the growth in the global ceramified cable market.

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This review is based upon the TMR report titled, "Ceramified Cable Market (Voltage Level - Low Voltage, Medium Voltage, High Voltage; Application - Fire and Smoke Detection System, Emergency Lighting and Signage, Emergency Communication, Rescue Elevators, Emergency Generators; End user - Building, Industrial, Transit, Defense)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026."

Global Ceramified Cable market is segmented into:

Voltage Level

Low
Medium
High

Application

Fire and Smoke Detection System
Emergency Lighting and Signage
Emergency Communication
Rescue Elevators
Emergency Generators

End user

Building
Industrial
Transit
Defense

Region

North America

U.S.
Canada

Europe

Germany
France
U.K.
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

Latin America

Brazil
Rest of Latin America

Middle East& Africa

Gulf Country Council
Saudi Arabia
UAE
Rest of Middle East

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