Asia Pacific Low Smoke Halogen Free Cable Market

The Asia Pacific low smoke halogen free cable market accounted for US$ 824.1 Mn in 2018 and is expected to grow at a CAGR of 10.3% over the forecast period 2019–2027, to account for US$ 2,108.8 Mn in 2027.

The need for additional safety in fire-prone buildings and confined spaces and stringent building fire compliances and regulations are the key factors driving the growth of the low smoke halogen free cable market. Moreover, the rapid pace of industrialization and urbanization in developing economies of Asia Pacific is anticipated to boost the low smoke halogen free cable market growth in the near future. The construction sector in the Asia Pacific region has risen significantly. With a prowess to make the most of the developing scenario and helpful government policies, the construction sector is witnessing the boom in the Asia Pacific region. Exponential rates of urbanization have led to a significant rise in the number of residential, commercial, industrial buildings across many countries of the region. Also, this region consists of countries that have laid enhanced focus on the manufacturing industry. Thus, the region has also witnessed rampant growth in commercial, industrial, and residential constructions. With such a positive outlook for the construction market, the potentials for the implementations and installations of low smoke halogen free cables in the high-risk and hazardous locations in this region seem to be high. Thus, the growing constructions in these developing economies lay a solid platform for the growth of low smoke halogen free cable market.

 

The non-screened segment of low smoke halogen free cable market led the Asia Pacific market in 2018 with the highest market share. The non-screened or non-shielded cables are cost-effective, and therefore industries deploy these cable in their respective systems or area of application. Moreover, these cables face less regulation in comparison to screened cables. The cables are not covered with any other screen, and therefore there is a direct contact between the insulation cable and outer cover. It is one a cheaper alternative available for end-user industries such as commercial areas, owing to less manufacturing processes and materials are required. The cables are suitable for direct underground installation.

 

China dominated the low smoke halogen free cable market in 2018 and is expected to dominate the market with the highest share in the Asia Pacific region through the forecast period. With the growing population of China, the country plans to move nearly 250 Mn of its population into the developing megacities. Thus, to accommodate that huge migration, China is investing heavily in its infrastructure projects. The government of China puts focus on the development of its infrastructure and therefore aims to support the development. The huge growth infrastructure projects are anticipated to boost the entire construction industry. These factors are projected to have a positive impact on the growth of low smoke halogen free cable market. The figure given below highlights the revenue share of the rest of Asia Pacific in the low smoke halogen free cable market in the forecast period:

 

Rest of Asia Pacific Low smoke halogen free cable Market Revenue and Forecasts to 2027 (US$ Mn)

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Asia Pacific Low Smoke Halogen Free Cable Strategic Insights

Strategic insights for the Asia Pacific Low Smoke Halogen Free Cable provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Low Smoke Halogen Free Cable Report Scope

Asia Pacific Low Smoke Halogen Free Cable Regional Insights

The geographic scope of the Asia Pacific Low Smoke Halogen Free Cable refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

 

ASIA PACIFIC LOW SMOKE HALOGEN FREE CABLE MARKET SEGMENTATION

By Type

• Screened
• Non-Screened

By Insulation Material

• Polypropylene
• Polyethylene
• Thermoplastic polyurethane
• Others

By Application

• Rail Cars
• Ship
• Aircraft
• Others

By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

Low smoke halogen free cable Market - Companies Mentioned

• BASF SE
• Borealis AG
• DowDuPont Inc.
• Fujikura Ltd.
• Hitachi Ltd.
• Nexans SA
• Prysmian Group
• Mexichem Specialty Compounds
• Shanghai Kaibo Compounds Factory Co., Ltd.
• Sumitomo Electric Lightwave Corp