The global fire-resistant cable market is expected to reach USD 2.1 billion by 2026. According to Nexans S.A., one of the leading electrical & electronic cable manufacturer, “Fire resistant cables ensure integrity of function during a fire by enabling the security systems (video surveillance, smoke ventilation, and audio alarms, amongst others) to continue functioning for a certain time after the fire has started. These cables are an essential component of any alarm circuit. During fires, buildings should remain functional to help in the evacuation process. People’s safety is the priority: fire safety equipment like warning systems, smoke detector, smoke extractor, emergency exits, and fire lighting equipment are key and must remain functional.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=228317537
The fire-resistant cable market has thousands of companies which thrive in their domestic market. A few of the major players are, Prysmian Group (Italy), Nexans S.A. (France), NKT Group (Denmark), Leoni AG (Germany), and LS Cable & System Limited (South Korea), and Elsewedy Electric Company (Egypt), among others. These players have adopted various growth strategies, such as acquisitions, investments, expansions, agreements, collaborations, and new product developments, to increase their market shares and enhance their product portfolios.
Acquisition accounted for the largest share of all the strategic developments that took place in the fire-resistant cable market between 2016 and 2021. Key players such as Prysmian Group (Italy), Nexans S.A. (France), NKT Group (Denmark), and LS Cable & System Limited (South Korea), adopted these strategies to enhance their business, market presence, to develop new products and meet consumer demand.
The Prysmian Group is an Italian manufacturer which specializes in the production of electrical cables for the use in energy and telecommunication sectors, and for optical fibres. The company is a leader in the fire-resistant cable market and has acquired General Cable Corporation (US), a key manufacturer and distributor of cable & wire, in 2017. This acquisition has enhanced and broaden the product portfolio as well as customer base of Prysmian Group for fire-resistant cables globally. The company is strategically well placed and has a strong customer base across the globe. It has a strong and extensive product portfolio of fire-resistant cables. It has an extensive global reach, strong market position, and stable revenue generation.
Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=228317537
Nexans S.A. is one of the pioneers in cable industry and offers high brand value by offering premium and high-quality fire-resistant cables. Nexans S.A. has a wide geographic presence with offices across the world and focuses on developing innovative products and solutions in the fire-resistant cables market due to its strong technical expertise in cable-related product markets. The company has a strong financial background and invests large amounts in R&D activities. Furthermore, it has its industrial footprints in 38 countries, 98 production sites and logistic centers, with sales presence worldwide.
Read Our Trending Press Release Below:
Laminating Adhesives Market – Global Forecast to 2028
Photoresist and Photoresist Ancillaries Market – Global Forecast to 2028
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Company Name: MarketsandMarkets Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States