Silicone Rubber Cable Market by Types (Electric Cables, Submersible Pump Cables, Submarine Cable, Solar Cable, Welding Cable, Borehole Cable and Others), Applications (Electrical Infrastructure, Metallurgy and Petrochemical Industry, Railway, Automotive, and Others), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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 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.
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.
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.
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
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.