Silicone Rubber Cable Market

Silicone Rubber Cable Market

  • MC-145
  • 4.7 Rating
  • 243 Pages
  • 10-04-2021
  • 62 Reviews
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Riddhesh

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Riddhesh Dani

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The global silicone rubber cable market size was valued at USD 3,843.4 Million in 2020 and is projected to reach USD 5,341.5 Million by 2028, expanding at a CAGR of 4.6% during the forecast period. In terms of volume, the market is estimated to expand at a CAGR of 3.4% between 2021 and 2028. Silicone rubber cable is multiple tinned copper conductors, which are built-in strands.

The sizes of silicone rubber cable range from 2 to 20 American Wire Gauge (AWG) and has a maximum voltage of 600 volts. This type of cable is suitable for AC rated voltage of 0.6/1kv and for mobile electrical connection cable and fixed laying power transmission. The demand for silicon rubber cable is projected to rise due to its characteristics such as resistance to corrosive gas, acid, alkali, water, cold, and heat radiation.

Silicone Rubber Cable Market Outlook

Silicone Rubber Cable Market Dynamics

The global silicone rubber cable market is anticipated to grow due to the rise in urbanization in developing countries. Moreover, growing number of IT facilities and data centers for high level of security, availability, and affordable connectivity of IT infrastructure is anticipated to boost the market during the forecast period. The market is facing unprecedented challenges due to high availability of alternative substitutes and operational cost.

These factors are expected to hamper the market in the coming years. However, growing demand for power worldwide is expected to create opportunities in the market.

Silicone Rubber Cable Market Segment Insights

Types Segment Analysis

An electrical cable is an electrical unit that consists of multiple numbers of independent conductive wires. The wires which are within the cable are considered to have solid core, braided, stranded, or a combination of solid core, braided, and stranded. Different kinds of electric cable are fiber optic, multiple conductors, ribbon, unbalanced coaxial, shielded twin lead, twin lead, twisted pair, and paired cable. Moreover, an electric cable made up of silicone rubber does not catch fire, unlike common organic polymers.

Silicone Rubber Cable Market Types

Submersible pump cables are considered to be specialized products for the use of submersible pumps in a deep well or in harsh conditions. The cable of the submersible pump is made in single or multiple conductor types and is either round or flat cross-section. The use of silicone rubber cable is growing in the submersible pump, as it provided safety, energy efficiency, and reliability.

Submarine cable is called undersea or subsea cable. Submarine cables are commonly used in fiber optic infrastructure. These cables are laid directly in deep ocean floors or in the sea but nearer to the seashore, these cables are buried under the seabed for protection. The submarine cables are used in many fields to send data around the world such as research institutions, content providers, governments, multinational corporations, mobile operators, and telecom carriers.

Applications Segment Analysis

In terms of applications, the silicone rubber cable market is segregated into electrical infrastructure, metallurgy and petrochemical industry, railway, automotive, and others. Silicone rubber cable is extensively used in the area of the electrical infrastructure, as it is considered have resistances to high temperatures, good mechanical properties, and fast extrusion. Furthermore, silicone rubber cables do not create toxic waste in the event of fire due to which its use is rising in the electrical infrastructure segment.

Silicone Rubber Cable Market Application

Regional Analysis

Based on regions, the global silicone rubber cable market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in Asia Pacific is anticipated to hold a key share of the silicone rubber cable market, followed by Europe, owing to strong industrialization and increasing focus on using improved and efficient products. Moreover, the market in Europe is anticipated to expand at a CAGR of over 4.8% during the forecasted period owing the growing demand for renewable power and rising investment in grid infrastructure.

Silicone Rubber Cable Market Region

Key Benefits for Industry Participants & Stakeholders

  • In-depth analysis of the global silicone rubber cable market
  • Historical, current, and projected market size in terms of value and volume
  • Potential & niche segments and regions exhibiting promising growth covered
  • Industry drivers, restraints, and opportunities covered in the study
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Neutral perspective on global silicone rubber cable market performance

Segments

Types

  • Electric Cables
  • Submersible Pump Cables
  • Submarine Cable
  • Solar Cable
  • Welding Cable
  • Borehole Cable
  • Others

Application

  • Electrical Infrastructure
  • Metallurgy and Petrochemical Industry
  • Railway
  • Automotive
  • Others

Regions

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East and Africa

Key Players 

  • AnHui TianKang (Group)Shares Co.,Ltd.
  • Fujikura Ltd.
  • Far East Smarter Energy Co., Ltd.
  • Furukawa Electric Co., Ltd.
  • Hitachi Metals, Ltd.
  • LS Cable & System Ltd.
  • Nexans
  • Prysmian S.p.A
  • Southwire Company, LLC
  • Sumitomo Electric Industries, Ltd.

Competitive Landscape

Key players in the market include AnHui TianKang (Group)Shares Co.,Ltd., Far East Smarter Energy Co., Ltd., Fujikura Ltd., Furukawa Electric Co., Ltd., Hitachi Metals, Ltd., LS Cable & System Ltd., Nexans, Prysmian S.p.A, Southwire Company, LLC, and Sumitomo Electric Industries, Ltd. These players are considered as key manufacturers in the market based on their different varieties of product availability, regional presence, better supply chain management system, and increasing demand for products.

These players are adopting key strategies such as product development and geographical expansion to increase their presence in the silicone rubber cable market.

  • In 2020, Sumitomo Electric Industries, Ltd. acquired thunderbolt certification for new active optical cables from intel corporation. Sumitomo Electric Industries, Ltd. has developed 40 Gbps Thunderbolt 3 AOCs for high-speed transmission to meet the needs of long-distance transmission.
  • In 2019, LS Cable & System Ltd. signed a contract with Korea Electric Power Corporation (KEPCO) to supply USD 93.6 millions of high voltage direct current (HVDC) cables.
  • In 2018, FURUKAWA ELECTRIC CO., LTD established a new fiber optic cable factory in Morocco to strengthen its business activity in the Europe, Middle East & Africa (EMEA) region.

Silicone Rubber Cable Market Key Players

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Silicone Rubber Cable 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 Silicone Rubber Cable Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Silicone Rubber Cable 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 Silicone Rubber Cable 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 Silicone Rubber Cable Market Size & Forecast, 2018-2028
      4.5.1 Silicone Rubber Cable Market Size and Y-o-Y Growth
      4.5.2 Silicone Rubber Cable Market Absolute $ Opportunity
Chapter 5 Global Silicone Rubber Cable 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 Silicone Rubber Cable Market Size & Volume Forecast By Type
      5.2.1 Electric Cables
      5.2.2 Submersible Pump Cables
      5.2.3 Submarine Cable
      5.2.4 Solar Cable
      5.2.5 Welding Cable
      5.2.6 Borehole Cable
      5.2.7 Others
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Silicone Rubber Cable Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Silicone Rubber Cable Market Size & Volume Forecast By Application
      6.2.1 Electrical Infrastructure
      6.2.2 Metallurgy and Petrochemical Industry
      6.2.3 Railway
      6.2.4 Automotive
      6.2.5 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Silicone Rubber Cable 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 Silicone Rubber Cable 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 Silicone Rubber Cable Analysis and Forecast
   9.1 Introduction
   9.2 North America Silicone Rubber Cable 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 Silicone Rubber Cable Market Size & Volume Forecast By Type
      9.6.1 Electric Cables
      9.6.2 Submersible Pump Cables
      9.6.3 Submarine Cable
      9.6.4 Solar Cable
      9.6.5 Welding Cable
      9.6.6 Borehole Cable
      9.6.7 Others
   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 Silicone Rubber Cable Market Size & Volume Forecast By Application
      9.10.1 Electrical Infrastructure
      9.10.2 Metallurgy and Petrochemical Industry
      9.10.3 Railway
      9.10.4 Automotive
      9.10.5 Others
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Silicone Rubber Cable Analysis and Forecast
   10.1 Introduction
   10.2 Europe Silicone Rubber Cable 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 Silicone Rubber Cable Market Size & Volume Forecast By Type
      10.6.1 Electric Cables
      10.6.2 Submersible Pump Cables
      10.6.3 Submarine Cable
      10.6.4 Solar Cable
      10.6.5 Welding Cable
      10.6.6 Borehole Cable
      10.6.7 Others
   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 Silicone Rubber Cable Market Size & Volume Forecast By Application
      10.10.1 Electrical Infrastructure
      10.10.2 Metallurgy and Petrochemical Industry
      10.10.3 Railway
      10.10.4 Automotive
      10.10.5 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Silicone Rubber Cable Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Silicone Rubber Cable 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 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 Silicone Rubber Cable Market Size & Volume Forecast By Type
      11.6.1 Electric Cables
      11.6.2 Submersible Pump Cables
      11.6.3 Submarine Cable
      11.6.4 Solar Cable
      11.6.5 Welding Cable
      11.6.6 Borehole Cable
      11.6.7 Others
   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 Silicone Rubber Cable Market Size & Volume Forecast By Application
      11.10.1 Electrical Infrastructure
      11.10.2 Metallurgy and Petrochemical Industry
      11.10.3 Railway
      11.10.4 Automotive
      11.10.5 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Silicone Rubber Cable Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Silicone Rubber Cable 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 Silicone Rubber Cable Market Size & Volume Forecast By Type
      12.6.1 Electric Cables
      12.6.2 Submersible Pump Cables
      12.6.3 Submarine Cable
      12.6.4 Solar Cable
      12.6.5 Welding Cable
      12.6.6 Borehole Cable
      12.6.7 Others
   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 Silicone Rubber Cable Market Size & Volume Forecast By Application
      12.10.1 Electrical Infrastructure
      12.10.2 Metallurgy and Petrochemical Industry
      12.10.3 Railway
      12.10.4 Automotive
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Silicone Rubber Cable Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Silicone Rubber Cable 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) Silicone Rubber Cable Market Size & Volume Forecast By Type
      13.6.1 Electric Cables
      13.6.2 Submersible Pump Cables
      13.6.3 Submarine Cable
      13.6.4 Solar Cable
      13.6.5 Welding Cable
      13.6.6 Borehole Cable
      13.6.7 Others
   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) Silicone Rubber Cable Market Size & Volume Forecast By Application
      13.10.1 Electrical Infrastructure
      13.10.2 Metallurgy and Petrochemical Industry
      13.10.3 Railway
      13.10.4 Automotive
      13.10.5 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Silicone Rubber Cable Market: Competitive Dashboard
   14.2 Global Silicone Rubber Cable Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 AnHui TianKang (Group)Shares Co.,Ltd.
      14.3.2 Far East Smarter Energy Co., Ltd.
      14.3.3 Fujikura Ltd.
      14.3.4 Furukawa Electric Co., Ltd.
      14.3.5 Hitachi Metals, Ltd.
      14.3.6 LS Cable & System Ltd.
      14.3.7 Nexans
      14.3.8 Prysmian S.p.A
      14.3.9 Southwire Company, LLC

      14.3.10 Sumitomo Electric Industries, Ltd.

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FAQ Section

Some frequently asked questions about this report!

Some of the major manufactures include, Sumitomo Electric Industries, Ltd., Furukawa Electric Co., Ltd., Nexans, Fujikura Ltd., and AnHui TianKang (Group)Shares Co.,Ltd.

The base year considered for the global silicone rubber cable market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years and the forecast is provided from 2021 to 2028.

The market is expected to witness significant fall in growth owing to the negative impact of COVID-19 pandemic on the silicone rubber cable market.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

Electrical infrastructure, metallurgy and petrochemical industry, railway, automotive, and others the key applications that are driving the global silicone rubber cable market.

The market is driven by rise of urbanization in developing countries and due to growing number of IT facilities and data centers for higher level of security, availability, and affordable connectivity of IT infrastructure.

In addition to market size (in USD Million) and company market share (in % for base year 2019), other data such as volume data, macro-economic factors, COVID-19 Impact on the silicone rubber cable is available in final report.

According to this Growth Market Reports report, the market from silicone rubber cable is likely to register a CAGR of 4.6% during forecast period 2021-2028, with an anticipated valuation of USD 5,341.5 million by the end of the 2028.

Yes, the report covers types of silicone rubber cable such as electric cables, submersible pump cables, submarine cable, solar cable, welding cable, borehole cable and Others.

Additional company profiles can be provided on request.