Market Overview:
The global marine fire resistant wire market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for marine fire resistant wire in oil & gas and other applications. Asia Pacific is expected to be the fastest-growing region during the forecast period, owing to the growing demand for marine fire resistant wire in China and India.
Product Definition:
A type of wire that is specifically designed to resist fire and is therefore often used in areas where a fire may occur, such as in marine environments.
Single Core:
Single core is a type of electrical cable protection that consists of only one conductor wire. It is used in applications where the load must be carried by a single wire, which reduces the risk of overload and short circuits. Single core products are suitable for use in fire-resistant installations as they have low smoke emission and high temperature resistance.
Increasing demand for marine facilities worldwide owing to factors such as increasing tourism, offshore oil & gas production, seaborne trade routes.
Multicore:
Multicore is a method of increasing the number of wires in electrical circuits by adding additional strands between the existing wires. It helps to increase the carrying capacity and efficiency of electric current in any given circuit. Multicore technology has been around for quite some time, but its usage has increased with technological advancement such as high-density boards and advanced materials that can be used for making core material or multicores.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is anticipated to witness significant growth over the forecast period. Other applications include construction, power & energy, infrastructure, mining and automotive. The demand for marine fire resistant wire in other applications such as oil & gas is expected to increase on account of its ability to resist flame spread and protect against high temperature corrosion.
Oil & gas was the largest end-use industry accounting for a volume share of 33% in 2017 owing to its extensive usage offshore platforms, pipelines and tanks where it acts as a protective barrier against fire hazards caused by accidents or human error at any stage during operations from production through transportation & storage facilities into distribution networks onto retail stations into homes via vehicles onto roofs etcetera.
Regional Analysis:
Asia Pacific dominated the global marine fire resistant wire market in 2017 and is expected to continue its dominance over the forecast period. The presence of numerous shipbuilding & repair facilities, coupled with growing demand for oil & gas vessels from emerging economies such as China and India, is anticipated to drive regional growth. In addition, rising offshore projects in this region are likely to contribute significantly towards product demand over the coming years.
North America accounted for a significant share of revenue in 2017 owing to high penetration rates observed in U.S., which can be attributed to increasing offshore activities along with stringent regulations regarding fire safety standards onboard ships/vessels operating within coastal waters (in U.S.). Moreover, rapid growth witnessed by oil & gas industry across North America is also expected favorably impact market dynamics during the forecast period; however, sluggish economic conditions experienced by key maritime sectors may pose a challenge on account of reduced spending capabilities among end-users/service providers over the long term horizon (till 2030).
Growth Factors:
- Increasing demand for marine fire resistant wire in the shipbuilding and marine engineering industries due to the increasing popularity of maritime transportation.
- The increasing use of Marine Fire Resistant Wire in naval vessels and other military ships for safety purposes.
- Growing demand from developing countries for Marine Fire Resistant Wire as a result of the rising disposable income and rapid industrialization.
- Technological advancements that have led to the development of new and improved types of Marine Fire Resistant Wire, which is expected to boost market growth over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Fire Resistant Wire Market Research Report
By Type
Single Core, Multicore
By Application
Oil & Gas, Others
By Companies
Coleman Cable, SAB Bröckskes, Reka Cables, Habia Cable, Prysmian Group, Top Cable, Keystone Cable, Koryo Cable, LEONI, Siccet, Coleman Cable, Yangzhou Zhongda Cable
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Marine Fire Resistant Wire Market Report Segments:
The global Marine Fire Resistant Wire market is segmented on the basis of:
Types
Single Core, Multicore
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Coleman Cable
- SAB Bröckskes
- Reka Cables
- Habia Cable
- Prysmian Group
- Top Cable
- Keystone Cable
- Koryo Cable
- LEONI
- Siccet
- Coleman Cable
- Yangzhou Zhongda Cable
Highlights of The Marine Fire Resistant Wire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Core
- Multicore
- By Application:
- Oil & Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Fire Resistant Wire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine fire resistant wire is a type of wire that is designed to resist fire. It is often used in maritime applications, such as shipbuilding and offshore oil and gas drilling. Marine fire resistant wire can be made from a variety of materials, including copper, aluminum, and steel.
Some of the major companies in the marine fire resistant wire market are Coleman Cable, SAB Br¶ckskes, Reka Cables, Habia Cable, Prysmian Group, Top Cable, Keystone Cable, Koryo Cable, LEONI, Siccet, Coleman Cable, Yangzhou Zhongda Cable.
The marine fire resistant wire market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Fire Resistant Wire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Fire Resistant Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Fire Resistant Wire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Fire Resistant Wire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Fire Resistant Wire Market Size & Forecast, 2018-2028
4.5.1 Marine Fire Resistant Wire Market Size and Y-o-Y Growth
4.5.2 Marine Fire Resistant Wire Market Absolute $ Opportunity
Chapter 5 Global Marine Fire Resistant Wire Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Marine Fire Resistant Wire Market Size Forecast by Type
5.2.1 Single Core
5.2.2 Multicore
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Fire Resistant Wire Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Marine Fire Resistant Wire Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Fire Resistant Wire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Fire Resistant Wire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Marine Fire Resistant Wire Analysis and Forecast
9.1 Introduction
9.2 North America Marine Fire Resistant Wire Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Marine Fire Resistant Wire Market Size Forecast by Type
9.6.1 Single Core
9.6.2 Multicore
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Marine Fire Resistant Wire Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Marine Fire Resistant Wire Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Fire Resistant Wire Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Marine Fire Resistant Wire Market Size Forecast by Type
10.6.1 Single Core
10.6.2 Multicore
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Marine Fire Resistant Wire Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Marine Fire Resistant Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Fire Resistant Wire Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Marine Fire Resistant Wire Market Size Forecast by Type
11.6.1 Single Core
11.6.2 Multicore
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Marine Fire Resistant Wire Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Marine Fire Resistant Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Fire Resistant Wire Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Marine Fire Resistant Wire Market Size Forecast by Type
12.6.1 Single Core
12.6.2 Multicore
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Marine Fire Resistant Wire Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Marine Fire Resistant Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Fire Resistant Wire Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Marine Fire Resistant Wire Market Size Forecast by Type
13.6.1 Single Core
13.6.2 Multicore
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Marine Fire Resistant Wire Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Fire Resistant Wire Market: Competitive Dashboard
14.2 Global Marine Fire Resistant Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Coleman Cable
14.3.2 SAB Bröckskes
14.3.3 Reka Cables
14.3.4 Habia Cable
14.3.5 Prysmian Group
14.3.6 Top Cable
14.3.7 Keystone Cable
14.3.8 Koryo Cable
14.3.9 LEONI
14.3.10 Siccet
14.3.11 Coleman Cable
14.3.12 Yangzhou Zhongda Cable
