A report from Markets and Markets projects that global fire-resistant cable market size is projected to grow from $1.8 billion in 2021 to $2.1 billion by 2026, at a relatively slow yet steady CAGR of 3.3 during the forecast year. A press release said that the fire-resistant cable market has thousands of companies which thrive in their domestic market. A few of the major players are Prysmian Group (Italy), Nexans S.A. (France), NKT Group (Denmark), Leoni AG (Germany), LS Cable System Limited (South Korea) and Elsewedy Electric Company (Egypt), among others. These players have adopted various growth strategies, such as acquisitions, investments, expansions, agreements, collaborations, and new product developments, to increase their market shares and enhance their product portfolios.
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