According to a new market report on the ceramified cable market, published by Transparency Market Research, the global ceramified cable market
is expected to reach US$ 277.0 Mn by 2026, expanding at a CAGR of 5.2%
from 2018 to 2026. According to the report, the global market is
anticipated to be influenced by a range of macroeconomic and
industry-specific factors. Europe is expected to be at the forefront of
global demand, with the market in the region growing at a CAGR of 5.8%
through 2026. Applications of ceramified cables in fire and smoke
detection systems are anticipated to significantly drive the global
ceramified cable market.
Ceramified Cable Market: Scope of the Report
The global ceramified cable market is
broadly segmented by voltage level, application, and end- use industry.
Based on voltage level, the market has been segmented into Low Voltage
(Less Than 600V), Medium Voltage (600V to 69kV), and High Voltage
(Greater Than 69kV). Based on application, the market has been segmented
into fire and smoke detection systems, emergency lighting and signage,
emergency communication, rescue elevators, emergency generators, and
others. The market is further segmented on the basis of end-use industry
into building, industrial, transit, and others.
The major factors governing the growth of
the ceramified cable market is the increasing adoption of these cables
in highly temperature sensitive applications, fueled by the strict
government regulations to enhance the safety of residential and
industrial areas. Another factor aiding the growth of the market is the
cost and technical advantages offered by these cables as compared to
other competitive products.
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According to the research study, the fire
and smoke detection systems segment contributed the dominating share to
the global market and are analyzed to expand at a prominent growth rate
during the forecast period. The applications of ceramified cables in
emergency generators is anticipated to follow the fire and smoke
detection systems and is anticipated to witness a compound annual growth
rate of 5.1% during the forecast period. Europe held the largest market
share in terms of revenue and volume in 2017, due to increasing focus
on improving safety in critical application areas, for instance high
rise buildings, which require longer duration for evacuation in case of
fire emergencies. Moreover, the market in Europe is anticipated to grow
at a remarkable compound annual growth rate during the forecast period,
followed by Asia Pacific.
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