The Worldwide Fire Resistance Cable Industry is Expected to Reach $2.5 Billion by 2030
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Wednesday, February 23, 2022
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The fire resistance cable market size was valued at $1.8 billion in 2020, and is projected to reach $2.5 billion by 2030, at a CAGR of 3.5% from 2021 to 2030.
Key Points:
- The fire resistance cable market size was valued at $1.8 billion in 2020, and is projected to reach $2.5 billion by 2030, at a CAGR of 3.5% from 2021 to 2030.
- One way of doing this is to design a fire resistance cable to maintain circuit integrity under critical conditions.
- The fire resistance cable market is expected to expand throughout the projected period, owing to advances in fire resistance cable quality as well as increased demand for fire resistance cables from the building and construction industry.
- The global fire resistance cable market is segmented on the basis of insulation material, end-use industry, and region.