+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Mineral Insulated Cable Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

  • ID: 5353558
  • Report
  • May 2021
  • Region: Global
  • 110 pages
  • Acute Market Reports

FEATURED COMPANIES

  • Bartec
  • Briskheat Corporation
  • Sumitomo Group
  • Thermom
  • Trasor Corporation
The Mineral Insulated Cable Market is expected to grow at a compound annual growth rate of 5% during the forecast period. Mineral insulated cables are made by encasing copper rods within a high conductivity circular copper tube and filling the gaps with inorganic dry magnesium powder, which functions as a seal and fireproof insulator. The complete assembly is then pushed between rollers to lower the diameter and extend the length of the cable, assuring that it can withstand the impacts of fire and after that, it is ready to use. Mineral insulated cable can be used as a temporary or permanent solution for any electrical circuit. This report covers all the quantitative and qualitative aspects of the hook and loop market and also talks about its key drivers, the challenges it faces, the growth opportunities present in the market, and its future prospects.


Increased Application in End-Use Industries Drives Market Growth

Mineral insulated cables are utilized in a wide range of industries, including pharmaceuticals, power generation, nuclear power plants, and oil and gas. These cables are used in medical equipment to allow for safer operations, as these machines must comply with strict safety requirements, and any deviation in the procedure might result in life-threatening diseases. Furthermore, higher power consumption, particularly in developing countries, is said to be another cause for the mineral-insulated cable market to grow. Other factors supporting market expansion include the availability of customized mineral insulated cables, greater demand from the commercial sector, and rising concerns for human life.

MgO's Moisture-Prone Nature Poses a Significant Challenge

On the other hand, mineral insulated cables have a few drawbacks, such as the fact that they can’t be utilized in areas where high vibrations occur because they would fail. They also feature a voltage restriction and may be used in places with voltages up to 1,000 volts only. With the passage of time and advancements in technology, leading firms are now producing mineral insulated cables that can resist temperatures of up to 2000 degrees Celsius. Furthermore, the magnesium oxide insulation in the cable has a high proclivity for combining with moisture, putting it at risk of moisture absorption. Electrical leakage from the internal conductors to the metal sheath might occur if moisture is let into the cable.

Copper Mineral Insulated Heating Cable to Boost Demand

The market has been segmented based on the cable type, material, temperature range, application, and regional basis. Based on the cable type segment, the mineral insulated cable market is divided into power and heating cable. The market was led by mineral insulated heating cables owing to their characteristics like high melting point, high temperature and corrosion resistance, and enhanced performance. The market is divided into copper, stainless steel, and others based on materials. The mineral insulated heating cable market in 2019 was led by the copper segment. Copper insulated heating cables are being used in a variety of applications like snow melting, commercial and residential floor warming, and electricity production and supply systems, to name a few, contributing to the market's growth.

North America to Lead the Global Market

On the basis of regional segmentation, the mineral insulated cable market has been divided into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America dominated the mineral insulated cable market for the year 2019 with a share of 45%. The growth is attributable to the expanding oil and gas industries and the construction of new power plants. In terms of mineral insulated heating cable, North America is one of the most advanced regions. The copper segment dominated the Asia Pacific mineral insulated heating cable market in 2019. Mineral insulated heating cables are becoming more common in the Asia Pacific as investments in smart grids, power generation capacity, and transmission and distribution infrastructure expand.

Key Players

MI Cable Technologies Inc., Zhejiang Taisuo Technology Co. Ltd., Trasor Corporation, The Emerson Electric Company, Wuhu Jiahong New Material Co. Ltd., Sumitomo Group, Thermom, Briskheat Corporation, Bartec, and General Cable Technologies Corporation are the major competitors in this market. Players have utilized a range of marketing techniques to stay competitive in the worldwide mineral insulated cable market, including new product launches, expansion, joint ventures, and acquisitions. The report contains a thorough examination of leading companies as well as a discussion of the market competing. Product launching is a crucial tactic for the key players in the mineral insulated cable market.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2029.

Research Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for the extrapolation of market revenues. The derived market estimates were further validated from top-down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and regions.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bartec
  • Briskheat Corporation
  • Sumitomo Group
  • Thermom
  • Trasor Corporation
Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Phase III-Expert Panel Review
1.3.4. Type Adopted
1.3.4.1. Top-Down Type
1.3.4.2.Bottom-Up Type
1.3.5.Assumptions
1.3.7. Market Segmentation

Chapter 2. Executive Summary
2.1. Mineral Insulated Cable Market Portraiture
2.2. Mineral Insulated Cable Market, by cable type, 2020 (US$ Mn)
2.3. Mineral Insulated Cable Market, by material, 2020 (US$ Mn)
2.4. Mineral Insulated Cable Market, by temperature range, 2020 (US$ Mn)
2.5. Mineral Insulated Cable Market, by application, 2020 (US$ Mn)
2.6. Mineral Insulated Cable Market, by regional basis, 2020 (Value)
2.7. Impact of Covid - 19

Chapter 3. Mineral Insulated Cable Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Current Scenario: New Product Launches, Increase in Animal-Free Testing
3.3. Drivers
3.3.1. Increase in the Use of Optical Fiber Cables
3.3.2. Low flammability, high insulation resistance.
3.4. Challenges
3.4.1. Moisture-prone nature of cable joints.
3.4.2. Expensive in comparison to substitutes.
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography, 2020
3.7. Competitive Landscape (Key Players)
3.7.1. Mergers and Acquisition Analysis
3.7.2. Agreements, Collaborations, and Partnership
3.7.3. New Product Launches

Chapter 4. Mineral Insulated Cable Market, By Cable Type, 2019 – 2029 (US$ Mn)
4.1. Overview
4.2. Power Cable
4.3. Heating Cable

Chapter 5. Mineral Insulated Cable Market, By Material, 2019 – 2029 (US$ Mn)
5.1. Overview
5.2. Copper
5.3. Stainless Steel
5.4. Others

Chapter 6. Mineral Insulated Cable Market, By Temperature Range, 2019 – 2029 (US$ Mn)
6.1. Overview
6.2. Less than 200°C
6.3. 201–500°C
6.4. 501–700°C
6.5. Above 700°C

Chapter 7. Mineral Insulated Cable Market, By Application, 2019 – 2029 (US$ Mn)
7.1. Overview
7.2. Energy and Power
7.3. Oil and Gas
7.4. Building and Construction
7.5. Industrial Manufacturing
7.6. Others

Chapter 8. Mineral Insulated Cable Market, By Regional Market Analysis, 2019 – 2029 (US$ Mn)
8.1. Definition & Scope
8.2. Regional Market Share Analysis, 2019 & 2029
8.3. Regional Market Dashboard
8.4. Regional Market Snapshot
8.5. Regional Market Share Analysis 2019 to 2029
8.5.1. North America
8.5.2. Europe
8.5.3.Asia Pacific
8.5.4. Latin America
8.5.5.Middle East and Africa
8.6. SWOT Analysis, by Factor (Political & Legal, Economic and Technological)
8.6.1. North America
8.6.2. Europe
8.6.3. Asia Pacific
8.6.4. Latin America
8.6.5. Middle East and Africa
8.7. Market Size, & Forecasts, Revenue and Trend Analysis, 2019 to 2029

Chapter 9. North America Mineral Insulated Cable Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)
9.1. North America Mineral Insulated Cable Market Analysis, 2019-2029
9.2. North America Mineral Insulated Cable Market, by cable type, 2019 – 2029 (US$ Mn)
9.3. North America Mineral Insulated Cable Market, by material, 2019 – 2029 (US$ Mn)
9.4. North America Mineral Insulated Cable Market, by temperature range, 2019 – 2029 (US$ Mn)
9.5. North America Mineral Insulated Cable Market, by application, 2019 – 2029 (US$ Mn)
9.6. North America Mineral Insulated Cable Market, by region, 2019 – 2029 (US$ Mn)
9.6.1. U.S.
9.6.2. Canada

Chapter 10. Latin America Mineral Insulated Cable Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)
10.1. Latin America Mineral Insulated Cable Market Analysis, 2019-2029
10.2. Latin America Mineral Insulated Cable Market, by cable type, 2019 – 2029 (US$ Mn)
10.3. Latin America Mineral Insulated Cable Market, by material, 2019 – 2029 (US$ Mn)
10.4. Latin America Mineral Insulated Cable Market, by temperature range, 2019 – 2029 (US$ Mn)
10.5. Latin America Mineral Insulated Cable Market, by application, 2019 – 2029 (US$ Mn)
10.6. Latin America Mineral Insulated Cable Market, by region, 2019 – 2029 (US$ Mn)
10.6.1. Brazil
10.6.2. Argentina
10.6.3. Mexico

Chapter 11. Europe Mineral Insulated Cable Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)
11.1. Europe Mineral Insulated Cable Market Analysis, 2019-2029
11.2. Europe Mineral Insulated Cable Market, by cable type, 2019 – 2029 (US$ Mn)
11.3. Europe Mineral Insulated Cable Market, by material, 2019 – 2029 (US$ Mn)
11.4. Europe Mineral Insulated Cable Market, by temperature range, 2019 – 2029 (US$ Mn)
11.5. Europe Mineral Insulated Cable Market, by application, 2019 – 2029 (US$ Mn)
11.6. Europe Mineral Insulated Cable Market, by region, 2019 – 2029 (US$ Mn)
11.6.1. United Kingdom
11.6.2. Germany
11.6.3. France
11.6.4. Italy
11.6.5. Spain
11.6.6. Rest of Europe

Chapter 12. Asia Pacific Mineral Insulated Cable Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)
12.1. Asia Pacific Mineral Insulated Cable Market Analysis, 2019-2029
12.2. Asia Pacific Mineral Insulated Cable Market, by cable type, 2019 – 2029 (US$ Mn)
12.3. Asia Pacific Mineral Insulated Cable Market, by material, 2019 – 2029 (US$ Mn)
12.4. Asia Pacific Mineral Insulated Cable Market, by temperature range, 2019 – 2029 (US$ Mn)
12.5. Asia Pacific Mineral Insulated Cable Market, by application, 2019 – 2029 (US$ Mn)
12.6. Asia Pacific Mineral Insulated Cable Market, by region, 2019 – 2029 (US$ Mn)
12.6.1. Japan
12.6.2. China
12.6.3. India
12.6.4. ASEAN
12.6.5. Rest of APAC

Chapter 13. Middle East & Africa (MEA) Mineral Insulated Cable Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)
13.1. Middle East & Africa (MEA) Mineral Insulated Cable Market Analysis, 2019 – 2029
13.2. Middle East & Africa (MEA) Mineral Insulated Cable Market, by cable type, 2019 – 2029 (US$ Mn)
13.3. Middle East & Africa (MEA) Mineral Insulated Cable Market, by material, 2019 – 2029 (US$ Mn)
13.4. Middle East & Africa (MEA) Mineral Insulated Cable Market, by temperature range, 2019 – 2029 (US$ Mn)
13.5. Middle East & Africa (MEA) Mineral Insulated Cable Market, by application, 2019 – 2029 (US$ Mn)
13.6. Middle East & Africa (MEA) Mineral Insulated Cable Market, by region, 2019 – 2029 (US$ Mn)
13.6.1. Saudi Arabia
13.6.2. United Arab Emirates
13.6.3. South Africa
13.6.4. Rest of MEA

Chapter 14. Company Profiles
14.1. MI Cable Technologies Inc.
14.1.1. Business Overview
14.1.2. Financial Information (Subject to data availability)
14.1.3. Application Portfolio
14.1.4. Key Developments
14.2. Zhejiang Taisuo Technology Co. Ltd
14.3. Trasor Corporation
14.4. The Emerson Electric Company
14.5. Wuhu Jiahong New Material Co. Ltd.
14.6. Sumitomo Group
14.7. Thermom
14.8. Briskheat Corporation
14.9. Bartec
14.10. General Cable Technologies Corporation
Note: Product cover images may vary from those shown
  • MI Cable Technologies Inc.
  • Zhejiang Taisuo Technology Co. Ltd.
  • Trasor Corporation
  • The Emerson Electric Company
  • Wuhu Jiahong New Material Co. Ltd.
  • Sumitomo Group
  • Thermom
  • Briskheat Corporation
  • Bartec
  • General Cable Technologies Corporation
Note: Product cover images may vary from those shown
Adroll
adroll