Report Code: A09935 | Pages: NA | Mar 2023 | 2046 Views | ||
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Request Now !The global plenum cable market is experiencing significant growth and is expected to grow considerably in the next few years. The plenum cable is an electrical cable, which is fitted in the plenum spaces of buildings. Plastics used in the construction of plenum cable are regulated under the National Fire Protection Association standard NFPA 90A Standard for the Installation of Air Conditioning and Ventilating Systems.Â
This cable is jacketed with a fire-retardant plastic jacket of either a fluorinated ethylene polymer (FEP) or a low-smoke polyvinyl chloride (PVC). All materials intended for use on cables and wire to be placed in plenum spaces are designed to meet rigorous fire safety test standards in accordance with NFPA 262 and outlined in NFPA 90A.
The global plenum cable market is segmented on the basis of type, application, and region. Based on type, the plenum cable market is bifurcated into AC power cable, and DC power cable. In terms of application, the market is categorized into building, mechanical, electricity, and other. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global plenum cable industry include Electric Industries Ltd., Sumitomo Electric Industries Ltd., General Cable Corporation, Finolex Cables, Havells India, KEI Industries, and Polycab Wires. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.Â
Growing urbanization and increasing government investments into the expansion of power transmission & distribution networks across developed and developing economies are the major factors driving the global plenum cable market growth. Increasing construction of residential and commercial buildings and rising demand for uninterrupted electricity are other major factors expected to boost the growth of the global market over the forecast period.Â
However, growing procurement and operation costs of specialty cables & wires is a key factor restraining the growth of the global plenum cable market. Moreover, growing adoption and use of wireless devices is another major factor expected to hinder the growth of the market during the forecast period.
Even though the cable and wire industry is largely volume-driven, technical parameters and quality with reputed brands play a dynamic role in determining the demand for various products. In the power cables arena, the extra-high voltage (EHV) and high voltage (HV) cable industry witnessed significant growth mainly due to acceleration in the implementation of ongoing projects.Â
The demand for cable is expected to be propelled by improvements in the telecommunications market as well as by the turnaround in electronic equipment shipments. The global plenum cable market is growing steadily and maturing, with increasing urbanization and rapidly growing building infrastructure across the world.
Plenum cable is commonly used in the communication and electrical field. A wire is a single conductor that is used to carry electricity, to transmit telecommunication signals, to bear the mechanical loads, for heating jewelry, automotive, clothing, or any industrially manufactured parts such as bulbs, pins, and needles. A plenum cable comprises a neutral wire to complete the loop, a hot wire carrying the current, and a grounding wire as well.Â
In addition, due to the surge in the power distribution sector, power generation from renewable energy sources and demand from non-automotive & automotive industries are the key factors anticipated to positively impact the demand for plenum cables. Moreover, owing to rapid urbanization, growing demand from retail consumers, and development of rural markets, the industry is increasing very rapidly.Â
Furthermore, to cater to the demand from the automobile industry, vendors are further developing fail-safe wiring & cabling system architectures, thereby aiding the expansion of the market. The market has been rising progressively due to the high growth in the power and infrastructure segments.
Key Benefits of the Report
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available For Years | 2019–2027 |
Base Year Considered | 2019 |
Forecast Period | 2020–2027 |
Forecast Unit | Value (USD) |
Segments Covered | Type, Application, and Region |
Regions Covered | North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) |
Companies Covered | Judd Wire Inc., Leoni AG, Furukawa Electric Industries Ltd., Sumitomo Electric Industries Ltd., General Cable Corporation, Finolex Cables, Havells India, KEI Industries, and Polycab Wires |
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COVID-19 Scenario AnalysisÂ
Plenum Cable Market Key Segments
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Questions Answered in the Plenum Cable Market Research Report
Plenum Cable Market Report Highlights
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Key Market Players | Company1, Company2, Company3, Company4, Company5, Company6, Company7, Company8, Company9, Company10 |
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