Flame-retardant high-voltage cable market to reach US$2,995 million by 2026

The global market for flame-retardant high-voltage cables is projected to reach US$2,995 million by 2026, according to a report by QY Research. The market is expected to grow at a compound annual growth rate (CAGR) of 6.8% through 2032, potentially reaching US$4,444 million.

Growth is being driven by increasing electricity demand and the need for power grid modernization. The rapid expansion of AI data centers is a significant factor, creating demand for high-reliability and high-safety cable systems. Additionally, the U.S. Department of Energy has noted the necessity for additional transmission infrastructure to support manufacturing and large-scale industrial loads.

Key industry players include Prysmian Group, Nexans, and LS Cable & System. Companies are increasingly focusing on advanced materials like Low Smoke Zero Halogen (LSZH) to improve fire safety and reduce toxic emissions in critical infrastructure such as high-rise buildings, hospitals, and transportation networks.