North America Low Smoke Halogen Free Cable Market

Low smoke halogen free cable market in North America is expected to grow from US$ 626.9 Mn in 2018 to US$ 1,991.9 Mn by the year 2027 with a CAGR of 13.7% from the year 2019 to 2027.

The potential damages caused by the use of traditional cable materials and stringent building fire compliances and regulations are the key factors driving the growth of the low smoke halogen free cable market. Moreover, the increase in demand for safe and efficient cabling infrastructure inside buildings is anticipated to boost the low smoke halogen free cable market growth in the near future. As urbanization has increased, there have been increasing demands for commercial complexes, housing, and infrastructural constructions from the consumer segment. Also, the legacy and existing cabling infrastructure used in commercial buildings, offices, malls, and other confined places have proven to be incapable of handling the current capacities. A small occurrence of fire could lead to fatal results. In the urbanization era, with the rise in the number of constructions, care needs to be taken of human lives and property as well. With an increasing number of constructions, there has been an increasing number of fire incidents being reported daily across the globe. The fire causes could be many, and such fire losses have been significantly impacting the economy of countries around the world. Thus, the need for a robust cable infrastructure at these locations that do not pose any fire-related risks. These factors would further create a strong opportunity platform for the cable players operating in low smoke halogen free cable market.

The others segment of low smoke halogen free cable market led the North America market in 2018 with the highest market share and is expected to continue its dominance during the forecast period. Other segment includes construction, data center, and energy sector. The increasing industrialization and globalization have created a significant demand for advanced infrastructures across the globe. Halogen-free cables are designed and engineered so that emissions during combustion offer low toxicity and low smoke. This kind of cabling is increasingly applied in public sector housing and major newer developments. Further, the amount of cable deployed in buildings has increased as the data communication has increased. The others segment led the low smoke halogen free cable market owing to the factors such as rising construction of various infrastructures across the globe, the proliferation of data communication, increase in regulatory requirements, and adoption of LSZH cables in the nuclear industry.

US dominated the low smoke halogen free cable market in 2018 and is expected to dominate the market with the highest share in the North America region through the forecast period. The outlook of modern US manufacturing has witnessed upward shifts in production driven by emerging supply. It has prompted the several industries to enhance their respective units/facilities by installing advanced wire & cables to reduce smoke release during the combustion and thereby safeguard the personals working in those units/facilities. Therefore, the use of low smoke halogen free cable is expected to grow its significance in the industrial sector in the forthcoming period. The figure given below highlights the revenue share of the Mexico in the low smoke halogen free cable market in the forecast period:

Mexico Low smoke halogen free cable Market Revenue and Forecasts to 2027 (US$ Mn)

North America Low Smoke Halogen Free Cable Strategic Insights

Strategic insights for the North America 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.

North America Low Smoke Halogen Free Cable Report Scope

North America Low Smoke Halogen Free Cable Regional Insights

The geographic scope of the North America 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.

NORTH AMERICA 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

• US
• Canada
• Mexico

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