The market for Canada LSZH Cable market is estimated to be $440.2 million in 2027 and is analyzed to grow at a CAGR of 8.1% during forecast period 2022-2027. In Canada, the trend toward industrial cables with LSZH features is anticipated to spur in the near future, as users strive to reap the benefits of LSZH cables over polyvinyl chloride (PVC) and ethylene propulene rubber (EPR) cables without sacrificing other essential cable characteristics such as electrical performance, smoke emission and flame resistance. Increasing government initiatives, and investments to raise building and construction activities, will further raise the usage of LSZH cables. Thus, this would act as a key factor influencing the market growth during the forecast period. In 2020, halt in several manufacturing activities owing to the COVID-19 pandemic widely impacted the growth of the Canada LSZH cable industry. Thermoplastic LSZH cables dominated the Canada LSZH cables market with a share of 78.0% in 2020. Thermoplastics can be melted and reshaped after being processed. Because of their excellent physical properties and ability to pass the most stringent flame tests, chlorinated thermoset jackets are commonly used in industrial flame retardant applications. The demand for thermoplastics cables are rising since, thermoplastics are more environmental friendly than thermoset LSZH cable. Additionally, these cables use less energy, emit fewer pollutants during production, and can also be recyclable. In comparison to XLPE, they also provide operational benefits in the field. Thermoplastics are frequently easier to strip, making them more suitable for automated processing in high-volume applications. Increasing growth of thermoplastic LSZH cable due to its attractive properties is thus bolstering the growth of the Canada LSZH cable market growth.
Canada LSZH Cable Market Segment Analysis – By Voltage
Upto 1kV cables dominated the Canada LSZH cables market with a share of 36.7% in 2021. The key factor driving the growth of the upto 1 kV market is the need for low voltage cables in the electrical power distribution system. Because of their current carrying capacity, upto 1kV cables are increasingly being used in the gas station, elevator, fire alarm system, public place, and others. Generally, stranded copper or aluminum conductors are used in the low voltage (upto 1kV) cables. Additionally, increasing investments in the grid modernization project will drive the need for low voltage (upto 1kV) cables for power distribution in the forecast period. For instance, Minister of Natural Resources Seamus O’Regan Jr. in June 2021 announced a US$964 million programme to promote smart renewable energy and grid modernization projects that would reduce emissions by investing in clean energy technologies like as wind, solar, hydro, storage, geothermal, and tidal. Such initiatives will raise the need for LSZH cable with voltage upto 1kV in grid stations, which would further drive the growth of the industry.
For More Information About Canada LSZH Cable Market @
Report Price: $ 4500 (Single User License)
Canada LSZH Cable Market Segment Analysis – By End User
Public buildings dominated the Canada LSZH cables market with a share of 32.7% in 2021. In Canada, LSZH cables are ideally used in public buildings such as recreational facilities, hospitals, educational facilities, government buildings, and others, as environments here require high-performance, reliability and safety. Since, LSZH cables offer many benefits that can improve efficiency and performance for various structures. The cables are highly flexible and light, and so, they can be installed in narrow spaces. Furthermore, increasing development of new public buildings would drive the growth of the Canada LSZH cable market in forecast era. For instance, in July 2018, The Arthur Meighen Rehabilitation project led by the department of Public Services and Procurement Canada was started. Currently the construction of the project is underway, and is estimated to be completed by 2023. However, in 2020, declining construction activities decreased the demand for LSZH cable in Canada. Thus, which hampered the growth of the Canada LSZH cable market.
Canada LSZH Cable Market Segment Analysis – By Geography
Ontario dominated the Canada LSZH cables market with a share of 34.8% in 2021. In the Ontario province, LSZH cables are excellent choice for any premises application where high-density and durable yet flexible cables are needed, such as for installations in overhead racks or under-floor trays in data centers, LAN infrastructures, or central offices. Increasing investments and initiatives for the development of new residential and commercial buildings in Ontario is considered as one of the major factor driving the Canada LSZH cable market growth. For instance, according to the Government of Canada Institutional investment rose 1.3% to US$1.2 billion for the ninth month in a row. Ontario led the way, increasing by 2.8% to US$430 million, because of projects like a long-term care facility in Mississauga. In 2020, the rise of Covid-19 pandemic situation also eventually affected the demand for LSZH cables in Ontario. Building permits were declined by the government, thus, which further declined the growth of the LSZH cable market in Canada.
Canada LSZH Cable Market Drivers
Surging demand for LSZH cables due to rising building and construction activities
The rising growth of building and construction activities is the key driver for Canada’s LSZH cable market growth. The building and construction sector generally includes residential, commercial, industrial, and infrastructural buildings. High-performance cables, such as LSZH cables, are capable of guaranteeing safety standards. Due to their properties, the cables can be used in critical service applications such as accommodation spaces, where people evacuation routes must be clear from visual obstruction and acid/toxic gas released during a fire. Thus, the need for safety in the construction industry is driving the demand for LSZH cables. In both residential and non-residential environments, LSZH cables can be utilized for wiring and connectivity. The cables are simple to install, ensure electrical circuit reliability, and endure high temperatures during fires, ensuring human safety. Additionally, the growing awareness of building safety has increased the demand for fire-resistant cables such as LSZH cables. In practically every commercial and residential facility, these cables are used for electricity distribution. In Canada, the LSZH cable market is being driven by increasing government initiatives and investments in the building & construction industry. For instance, according to Statistics Canada, in the second quarter of 2021, total building construction investment surged by 7.3% to US$ 57.2 billion. The residential building reached $40 billion for the first time ($43.4 billion), representing a 9.3% rise over the first quarter. The residential sector’s strength this quarter was driven by single-unit investment, particularly in the larger provinces.
Significant market traction from the increasing demand for LSZH cables across various industrial sectors
The most apparent applications for LSZH cables are in confined spaces with numerous cables close to humans or sensitive electronic equipment. Submarines and ships are prime examples, due to which the military was among the first to implement LSZH standards. Furthermore, LSZH cables are commonly used in mass transit and central office facilities, and many telecommunication standards require them. Additionally, as data communication has increased, the amount of cable installed in buildings has increased. Because of the large relative fuel load represented by wire and cable, central office telecommunication facilities were the first place where LSZH cables became common. The use of LSZH cables is anticipated to grow as more industries introduce environmental and safety initiatives. LSZH cable generally has high resistance to chemicals, due to which in the oil refinery industry, LSZH cable products are used to perform at a high level in harsh environments. The marine and oil and gas refinery industry consist of very specialized products that are highly regulated. The demanding environments in which the marine and oil and gas refinery wires and cables operate mean the jacketing and insulation choices must be carefully considered. Due to the low smoke, environmental, and toxicity benefits, there are numerous advantages of using LSZH cable in the industrial sectors.
Direct Purchase @ https://www.industryarc.com/purchasereport.php?id=19833
Canada LSZH Cable Market Challenges
Drawbacks associated with LSZH cables will Hamper the Market Growth
LSZH cables are typically more expensive than equivalent PVC cables, and certain types are less flexible. Low smoke zero halogen cables offer numerous significant safety benefits, but there may be an electrical and mechanical trade-off. The cable jacket must contain a high percentage of filler material to be low-smoke zero-halogen. This increase in filler material could render the jacket less chemical and water-resistant and provide poorer mechanical and electrical properties than a non-LSZH counterpart. LSZH jackets are also more prone to jacket cracking during installation, so special lubricants may be required to prevent damage, particularly in cold environments. Furthermore, the LSZH cable is not suitable for robotic or continuous flex applications because of its limited flexibility. As a result, LSZH cable is frequently used in applications where fire safety is more important than specific electrical and mechanical properties. Thus, due to the drawbacks mentioned above associated with LSZH cable, the market is anticipated to face challenges in the upcoming years.
Canada LSZH Cable Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Canada LSZH Cable market. In 2021, the market of Canada LSZH Cable market has been consolidated by the top players
In August 2021, Belden launched Access Control Cable (16c CMG-LS) with LSZH jacket that provide high levels of flexibility, security, convenience and performance in order to connect security and access control systems.
In March 2021, Belden launched Digital Electricity (DE) Cable that offers LSZH jacket option. The cable delivers DE power (up to 2,000W) on the copper pair while sending data through fiber over long distances (up to 2 km). The line expansion also includes indoor and indoor/outdoor 2 mm breakout plenum cables.
A multicore cable integrates numerous signals or power streams into a single jacketed cable. Analog and digital signals, as well as power distribution, can all be carried through multicore cables.
They’re frequently utilised to make a system’s physical setup easier and to create a cleaner connection between two pieces of equipment. A multicore cable, for instance, is frequently used to link all of the microphones on stage to the mixing console in sound reinforcement. This is far more convenient than running a slew of individual cables, which may be inconvenient and time-consuming.
Non armored Medium Voltage cables can be used in a variety of industries. Above ground, in open air, in conduit, direct buried, in underground duct, or suspended aerially with a messenger wire are all options. Underground and power feeders with voltages ranging from 5kv to 46kv are common applications.
Also, non armored cables are used for fixed wiring in ships and mobile and fixed offshore units where mechanical protection is not required (e.g. drilling rigs, oil platforms, and others).
Increasing usage of non armored cables over armored cables by several end use industries due to its low cost is estimated to drive the growth of the Canada LSZH cables market in the projected period.
Cables And Accessories Market
For more Automation and Instrumentation Market reports, please click here
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to email@example.com to discuss more about our consulting services.
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677