The Global Silicone Rubber Cable market was valued at USD 4,323.3 million in 2019 and is projected to reach USD 5,971.3 million by 2027, expanding at CAGR of 4.6% during the forecast period. In terms of volume, the market is estimated to expand at a CAGR of 2.4% between 2020 and 2027. 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.
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.
An electrical cable is an electrical unit which 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.
Submersible Pump Cables
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.
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.
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 North America, 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 2.9% during the forecasted period owing the growing demand for renewable power and rising investment in grid infrastructure.
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Additional company profiles can be provided on request.
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.
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 2020-2027, with an anticipated valuation of USD 5,971.3 million by the end of the 2027.
In addition to market size (in USD Million) and company market share (in % for base year 2019), other data such macro-economic factors, COVID-19 Impact on the silicone rubber cable is available in final report.
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 infra.
Electrical infrastructure, metallurgy and petrochemical industry, railway, automotive, and others the key applications that are driving the global silicone rubber cable market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness slight fall in growth owing to the negative impact of COVID-19 pandemic on the silicone rubber cable market.
The base year considered for the global silicone rubber cable market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major manufactures include, Sumitomo Electric Industries, Ltd., Prysmian Group, Hitachi Ltd., FURUKAWA ELECTRIC CO., LTD., and LS Cable & System Ltd.
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