Middle East & Africa Mineral Insulated Heating Cable Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Cable Type, Sheath Type, Temperature Range, and End-user

Energy and Power Segment to Dominate MEA Mineral Insulated Heating Cable Market during 2019-2027

According to a new market research study on “MEA Mineral Insulated Heating Cable Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Cable Type, Sheath Type, Temperature Range, and End User” is expected to reach US$24.9 million by 2027 from US$16.7 million in 2019. The market is estimated to grow at a CAGR of 5.5% from 2020 to 2027. The report provides trends prevailing in the MEA mineral insulated heating cable market along with the drivers and restraints pertaining to the market growth. Surge in demand for energy & power projects and increasing demand from the construction sector are the major factor driving the growth of the MEA mineral insulated heating cable market. However, concern associate to moisture damage hinder the growth of MEA mineral insulated heating cable market. In the case of COVID-19, major countries that are facing the economic impact of COVID-19 include Saudi Arabia, UAE, Egypt, Morocco, and Kuwait. The region comprises of many growing economies such as UAE among others, which are prospective markets for mineral insulated heating cable providers, owing to the huge presence of diverse customer base. The COVID-19 pandemic would have significant effects on economies, but the MEA region is anticipated to be especially impacted as there is already pressure on economy of various oil based countries due to falling oil prices. In addition to this, the factory lockdowns, business shutdowns and travel bans are further aggravating the economic problems of the countries in the MEA region. Hence, the estimated decline in MEA’s economic condition and impact of COVID-19 on growth of various industries in the region is expected to negatively impact the growth of MEA mineral insulated heating cable Market in 2020 and 2021.

The MEA market for mineral insulated heating cable market is segmented into cable type, sheath type, temperature range, end user, and country. Based on cable type, the market is segmented into single core and twin core. In 2019, the single core segment held the largest share of MEA mineral insulated heating cable market. Twin core segment to be fastest growing during forecasted period. Based on sheath type the MEA mineral insulated heating cable market is divided into copper, stainless steel, cupronickel, and others. In 2019, copper cable held the largest market share. On the basis of temperature range the market is segmented into Less than 200°C,201-500°C,501 to 700°C, and Above 700°C. The temperature ranges between 201-500°C segment accounts for largest market share in the 2019. Similarly, based on end user, the market is bifurcated into energy & power, oil & gas, construction, pharmaceutical, and others. The energy & power segment contributed a substantial share of MEA mineral insulated heating cable market in 2019.

Bartec; Briskheat Corporation; Chromalox, Inc.; Emerson Electric Co.; Thermon Group Holdings, Inc. are among the leading companies in the MEA mineral insulated heating cable market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Briskheat announced the launch of new mineral insulated heating cable which is ideal for a wide range of surface and radiant heating applications.

The report segments the MEA Mineral Insulated Heating Cable market as follows:

MEA Mineral Insulated Heating Cable Market - By Cable Type

• Single Core
• Twin Core

MEA Mineral Insulated Heating Cable Market - By Sheath Type

• Copper
• Stainless Steel
• Cupronickel
• Others

MEA Mineral Insulated Heating Cable Market - By Temperature Range

• Less than 200°C
• 201-500°C
• 501 to 700°C
• Above 700°C

MEA Mineral Insulated Heating Cable Market - By End User

• Energy & Power
• Oil & Gas
• Construction
• Pharmaceutical
• Others

MEA Mineral Insulated Heating Cable Market - By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA mineral Insulated heating cable market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the MEA mineral insulated heating cable market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the mineral insulated heating cable market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution