According to the new market research report by IndustryARC titled “Low Smoke Zero Halogen Cable Market: By Type (Thermoplastic, Thermoset); By Application (Central Offices, Infrastructure, Telecom, Transportation, Electronics, Power Generation, Oil and Gas Nuclear Plants, and Others) and By Region (Asia-Pacific, North America, Europe and RoW) – Forecast (2018-2023)”, the market is driven by the increasing adoption and use of LSZH cable for newer applications and raising awareness regarding human safety.
Europe holds major market share in Low Smoke Zero Halogen Market:
Europe continues to hold the major market share for Low Smoke Zero Halogen Cable Market, while APAC witnessed the highest growth.
The European Market is projected to reach $1.99 billion by 2023 at a CAGR of 6.23%.
In the U.K., LSZH cables usage is boosted by the production of oil and gas industry. The increasing oil production year over year is expected to drive the market of LSZH Cables.
The key end-user industries for Low Smoke Zero Halogen Cable Market in Europe region are Central Offices, Mass Transit Rail Systems, Nuclear Plants, and Oil Refineries among others.
Selected Opportunity Analysis was done in the full report :
In the western region of the U.S. in states such as Texas, the number of operating refineries of petroleum has increased from 26 in 2012 to 30 by 2017, and this trend is estimated to continue in the coming years as per U.S. Energy Information Administration (EIA). This increase in the number of operating refineries of petroleum is expected to provide significant opportunities for LSZH cable market in the region.
According to the International Atomic Energy Agency (IAEA), in 2017, the number of under construction nuclear reactors in China was 19. This was followed by Russia with 7 nuclear reactors in the same year. This trend is expected to continue in the coming years, which provides significant opportunities for Low Smoke Zero Halogen materials market.
Furthermore, rise in the number of commercial buildings and offices in the African region provides significant opportunities for the LSZH cable market in the region.
The data verification is also estimated with respect to global market research groups.
Excerpts on Market Growth Factors:
The LSZH cables market is exhibiting strong growth owing to the search for alternatives for halogenated plastic insulation in the transportation industry.
The rising demand from the transportation sector as deployment in airports, automotive and railway sectors drives the market.
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Key players of Low Smoke Zero Halogen Cable Market:
General Cable Corp., Prysmian SpA, (which offers products such as AMEX and Fire-resistant cables), and LS Cable & System Ltd. was analyzed to dominate the market in 2016. 3M Co. held the fourth largest share of 4.4% followed by Dalian Wanda Group Co Ltd. accounting for of the LSZH cable market share in the same year.
Other players attributed to of the market value in 2016.
Low Smoke Zero Halogen Cable Market Report is segmented as indicated below:
Low Smoke Zero Halogen Cable Market By Product Type:
1. Thermoplastic LSZH Cable
2. Thermoset LSZH Cable
Low Smoke Zero Halogen Cable Market By Application
1. Central Offices
2. Mass Transit Rail Systems
3. Nuclear Plants
4. Oil Refineries and
5. Others
Low Smoke Zero Halogen Cable Market By Geography (Covers 15+ Countries)
Low Smoke Zero Halogen Cable Market Entropy
Companies Cited/Referenced/Interviewed:
1. Nexans
2. Houston Wire & Cable Company
3. Yuandong Group
4. Leoni AG
5. Baosheng Group
6. Wuxi Jiangnan Cable Co; Ltd
7. Company 7
8. Company 8
9. Company 9
10. Company 10+
What can you expect from the report?
The Low Smoke Zero Halogen Cable Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country-level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
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