Low smoke halogen free cable market in Europe is expected to grow from US$ 952.5 Mn in 2019 to US$ 2,162.0 Mn by the year 2027 with a CAGR of 9.0% from the year 2020 to 2027.
Even though the cable is low in smoke, it can contain toxic halogens. Zero-halogen means that the cable is free of fluorine, chlorine, bromine, iodine and astatine. Zero-halogen cables can emit sink smoke when burned. Not all properties always require both properties.
Low smoke and halogen-free products are used to protect the wiring, as it has been proven to limit the amount of toxic gases emitted when exposed to heat.
A semiconductor device is an electronic component that relies on the electronic properties of a semiconductor material (primarily silicon, germanium, and gallium arsenide, as well as organic semiconductors) for its function. Semiconductor devices have replaced vacuum tubes in most applications.
The Europe Low Smoke Halogen Free Cable market is growing along with the Electronics and semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Germany will lead the European low-smoke halogen-free cable market in 2018, with the second highest market share and dominance of the market during the forecast period. The German construction industry is expected to see positive outlook due to the surge in housing construction. Energy-efficient initiatives taken by the German government have led to the installation of new fire-extinguishing products and solutions that consume more energy in older buildings in the country. Apart from these, Germany is one of the largest industrial hubs in the European region with a strong automotive and textile manufacturing market. The industrial sector is also one of the largest adopters of low smoke halogen-free cables.
These factors are expected to offer broad growth opportunities in the Electronics and semiconductor industry and this is expected to cause the demand for immunochemistry assays in the market.
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EUROPE LOW SMOKE HALOGEN FREE CABLE MARKET SEGMENTATION
By Insulation Material
- Thermoplastic polyurethane
- Rail Cars
- Rest of Europe
- BASF SE
- Borealis AG
- DowDuPont Inc.
- Fujikura Ltd.
- Hitachi Ltd.
- Nexans SA
- Prysmian Group
- Mexichem Specialty Compounds
- Shanghai Kaibo Compounds Factory Co., Ltd.
- Sumitomo Electric Lightwave Corp
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