Tri-Rated Cables Market Size, Share & Industry Analysis, By Diameter (Less than 4 mm, 4mm to 8 mm, Greater than 8 mm), By Application (Electrical Cabinets, Switch Control, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105752 | Status : Ongoing

KEY MARKET INSIGHTS

Tri-rated cables which are also known as switchgear cables or control panel wires are high temperature, flame retardant, and flexible cables. These cables are commonly used in electrical cabinets, rectifier equipment, motor starters, switch control, and relay and instrumentation panels of power switchgear. Tri-rated cables meet the three separate standards: Canadian Standards Association (CSA), Underwriters Laboratories (UL) Appliance Wiring Materials (AWM), and British Standards Institute (BSi) which enables their use in Europe and North America.

Based on the diameter, the market is segmented into less than 4 mm, 4mm to 8 mm, and greater than 8 mm. Tri-rated cables of diameter more than 8 mm segment is anticipated to be the fastest-growing segment due to installation of high power capacity equipment. The high power equipment requires tri-rated cables of larger diameter which can sustain high temperatures and voltages.

Based on the application, the market is segmented into electrical cabinets, switch controls, and others. The electrical cabinets application segment is anticipated to dominate the market due to growing industrial and power electric infrastructure. Also, numerous manufacturers in North America and Europe are now implementing safety standards for electric equipment which is anticipated to drive the demand for tri-rated cables in the electrical cabinets.

According to U.S. Energy Information Administration (EIA), energy usage in the world is anticipated to increase by 50% by 2050. Adoption of tri-rated cables in the new electric infrastructure is anticipated to grow soon as these cables also fulfill the safety standards in North America and Europe.

The cost of manufacturing tri-rated cables is comparatively high as compared to other cables available in the market. Cost is high mainly due to these cables have to comply with the Canadian Standards Association (CSA), Underwriters Laboratories (UL) Appliance Wiring Materials (AWM), and British Standards Institute (BSi), which also results in the added cost of testing and regularization to meet the above-mentioned standards.

Key Market Driver -

Rising energy consumption coupled with growing adoption of safety standards for electric equipment and infrastructure

Key Market Restraint -

The high cost associated with manufacturing and testing

Key Players Covered:

Some of the major companies that are present in the global tri-rated cables market are Eland Cables, UK Cables Ltd, RR Kabel Limited, Byson Limited, Clynder Cables Ltd, RS Components, LAPP Group, Premier Farnell Limited, Doncaster Cables, BATT Cables Plc, and Cleveland Cable Company.

Regional Analysis:

The tri-rated cables market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the market in terms of revenue due to stringent regulations pertaining to the safety of personnel operating the electric equipment. Also, tri-rated cables find a wide application in the renewable energy industry in the U.S. and Canada.

The European market is comparatively more mature as compared to Latin America and Middle East & Africa markets. The presence of key manufacturers such as Premier Farnell Limited, Eland Cables, UK Cables Ltd, and Cables RCT has impacted positively on the tri-rated cables market in Europe.

The Asia Pacific is expected to be the fastest-growing market in terms of demand for tri-rated cables due to increasing industrial activities in power generation and construction activities such as smart cities especially in developing economies such as India, Vietnam, Bangladesh, and Myanmar.

To gain extensive insights into the market, Request for Customization

Segmentation

ATTRIBUTES	DETAILS
By Diameter	Less than 4 mm 4mm to 8 mm Greater than 8 mm
By Application	Electrical Cabinets Switch Control Others
By Geography	North America (the USA and Canada) Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Key Industry Developments

On 20 October 2020, RR Kabel acquired Arraystorm which is a provider of energy-efficient customized lighting solutions. This acquisition is anticipated to expand the portfolio of RR Kabel into the LED lighting sector.

On 17 October 2019, LAPP Limited supplied railway cables to ČMŽO - elektronika, s.r.o. which is a leading integrator of electric systems for railway applications. These cables were supplied for the project ALSTOM LINT.

REQUEST SAMPLE

SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Multi-report Purchase Plan

Energy & Power Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )
+91 744 740 1245 (APAC)
[email protected]