Global Ceramified Cable Market
Posted by chetana on June 2nd, 2021
Global Ceramified Cable market was valued at US$ 175.8 Mn in 2019 and is expected to reach US$ 279.8 Mn by 2026, at a CAGR of 5.3% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Ceramified cable has increased the growth of traction over the last couple of years in developed countries due to the incorporation of these products as a part of safety systems to improve fire safety. As a result, Ceramified cables are developing, further technological advancement in these countries, particularly in Western European countries, which has implemented these cables at a reduced price as compared to other fire retardant cables.
In terms of voltage level, the low voltage Ceramified cables segment is anticipated to hold the leading share in the forecast period and a wide range of applications in the deployment market.
The cable industry is continuously witnessing significant technological advancements during the forecasting period. The development of cables focused on reducing current drop through the length of the cable is one of the major milestones in safety enhancement and energy conservation in residential as well as commercial applications.
Geographically, the European market is expected to be a leading contributor to the global Ceramified Cable market. In 2019, Europe was the largest market share in terms of revenue and volume. Due to increased focus on safety in critical application areas, for instance, high-rise buildings, which require a longer duration for evacuation in case of fire emergencies. Moreover, the market in Europe is anticipated to grow at a top compound annual growth rate during the forecast period, followed by the Asia Pacific.
• Global Ceramified Cable Market analysis and forecast, in terms of value.
Global Ceramified Cable Market, by Voltage Level:
• Low Voltage
• Fire and Smoke Detection System
• North America
• Wacker AG
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About the Authorchetana
Joined: February 27th, 2020
Articles Posted: 152
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