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Canada LSZH Cable Market Overview
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.
Report Coverage
The report: “Canada
LSZH Cable Market – Forecast (2022-2027)”, by IndustryARC covers an
in-depth analysis of the following segments of the Canada LSZH Cable market
By Type: Thermoset, Thermoplastic
By Voltage: Upto 1KV, 1.1-3.3kV, 3.4-6.6kV, 6.7-11kV,
11.1-33kV, Above 33kV
By End Use Industry: Transit Facilities, Public Buildings,
Enterprise, Oil and Gas, Marine, Military and Defense, Aerospace, Healthcare
and Others
By Core: Single Core, Multi Core
By Armor: Armored Cable, Non-Armored Cable
By Size: Upto 10mm2, 10.1-20mm2, 20.1-50mm2, 50.1-100mm2,
100.1-250mm2, 250.1-500mm2, Above 500 mm2
By Province: Alberta, BC, Manitoba, New Brunswick,
Newfoundland and Labrador, Northwest Territories, Nunavut, Nova Scotia,
Ontario, PEI, Quebec, Saskatchewan, Yukon
Key Takeaways
- 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.
Canada LSZH Cable Market, By Region, 2021
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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.
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.
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
- Belden
- StarTech
- Prysmian
- Electro Cables
- Nexans
- TE Connectivity
- Roctest
- Axon’s Cable
- Leoni
- Lapp
Recent Developments
- 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.
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