Construction Segment to Dominate US Mineral Insulated Heating Cable Market During 2021-2028
According to a new market research study on “US mineral insulated heating cable Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Cable Type, Sheath Type, Temperature Range and End-user” is expected to reach US$ 114.83 million by 2028 from US$ 89.64 million in 2021. The market is estimated to grow at a CAGR of 3.60% from 2021 to 2028. The report provides trends prevailing in the US mineral insulated heating cable market along with the drivers and restraints pertaining to the market growth. Increasing demand for energy & power projects and rising demand from construction sector are the major factor driving the growth of the US mineral insulated heating cable market. However, concern related to moisture damage hinders the growth of US mineral insulated heating cable market.
The US is a home to many manufacturing and technology companies and thus the impact of coronavirus outbreak is anticipated to be highest on country’s economy. The ongoing crisis and situation in the US is going to impact the mineral insulated heating cable market growth in a negative manner, with US being one of the important markets for mineral insulated heating cable growth. The factory and business shutdowns across the US are impacting the adoption of mineral insulated heating cable market. U.S. is home to many manufacturing and technology companies and thus the impact of coronavirus outbreak is anticipated to be quite severe in the year 2021. Hence, the ongoing COVID-19 crisis and critical situation in the US is going to impact the mineral insulated heating cable market growth of United States in a negative manner for the next few quarters.
The US mineral insulated heating cable market has been analyzed based on cable type, sheath type, temperature range, and End-user. Based on cable type, the market is segmented into single core and twin core. The single core segment dominated the US mineral insulated heating cable market in 2020 and twin core segment is expected to be fastest growing during forecast period. Based on sheath type, the market is segmented into copper, stainless steel, cupronickel, and others. The copper segment dominated the US mineral insulated heating cable market in 2020 and others segment is expected to be fastest growing during forecast period. Based on temperature range, the market is segmented into less than 200°C, 201-500°C, 501-700°C and above 700°C. The 201-500°C dominated the US mineral insulated heating cable market in 2020 and above 700°C segment is expected to be fastest growing during forecast period. Based on End-user, the market is segmented into energy and power, oil and gas, construction, pharmaceuticals, and others. The energy and power segment dominated the US mineral insulated heating cable market in 2020 and construction segment is expected to be fastest growing during forecast period
ARi Industries, Inc.; Raychem RPG Private Limited; BriskHeat; Chromalox; Eltherm GmbH; Emerson Electric Co.; Durex Industries; Indeeco; Trasor Corp.; Thermocoax Group; Thermon; and Valin are among the leading companies in the US mineral insulated heating cable market
According to a new market research study on “US mineral insulated heating cable Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Cable Type, Sheath Type, Temperature Range and End-user” is expected to reach US$ 114.83 million by 2028 from US$ 89.64 million in 2021. The market is estimated to grow at a CAGR of 3.60% from 2021 to 2028. The report provides trends prevailing in the US mineral insulated heating cable market along with the drivers and restraints pertaining to the market growth. Increasing demand for energy & power projects and rising demand from construction sector are the major factor driving the growth of the US mineral insulated heating cable market. However, concern related to moisture damage hinders the growth of US mineral insulated heating cable market.
The US is a home to many manufacturing and technology companies and thus the impact of coronavirus outbreak is anticipated to be highest on country’s economy. The ongoing crisis and situation in the US is going to impact the mineral insulated heating cable market growth in a negative manner, with US being one of the important markets for mineral insulated heating cable growth. The factory and business shutdowns across the US are impacting the adoption of mineral insulated heating cable market. U.S. is home to many manufacturing and technology companies and thus the impact of coronavirus outbreak is anticipated to be quite severe in the year 2021. Hence, the ongoing COVID-19 crisis and critical situation in the US is going to impact the mineral insulated heating cable market growth of United States in a negative manner for the next few quarters.
The US mineral insulated heating cable market has been analyzed based on cable type, sheath type, temperature range, and End-user. Based on cable type, the market is segmented into single core and twin core. The single core segment dominated the US mineral insulated heating cable market in 2020 and twin core segment is expected to be fastest growing during forecast period. Based on sheath type, the market is segmented into copper, stainless steel, cupronickel, and others. The copper segment dominated the US mineral insulated heating cable market in 2020 and others segment is expected to be fastest growing during forecast period. Based on temperature range, the market is segmented into less than 200°C, 201-500°C, 501-700°C and above 700°C. The 201-500°C dominated the US mineral insulated heating cable market in 2020 and above 700°C segment is expected to be fastest growing during forecast period. Based on End-user, the market is segmented into energy and power, oil and gas, construction, pharmaceuticals, and others. The energy and power segment dominated the US mineral insulated heating cable market in 2020 and construction segment is expected to be fastest growing during forecast period
ARi Industries, Inc.; Raychem RPG Private Limited; BriskHeat; Chromalox; Eltherm GmbH; Emerson Electric Co.; Durex Industries; Indeeco; Trasor Corp.; Thermocoax Group; Thermon; and Valin are among the leading companies in the US mineral insulated heating cable market
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Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. US Mineral Insulated Heating Cable Market Landscape
4.1 US PEST Analysis
4.2 Ecosystem Analysis
4.3 Expert Opinion
5. US Mineral Insulated Heating Cable Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Energy & Power Projects
5.1.2 Rising Demand from Construction Sector
5.2 Market Restraints
5.2.1 Concern Related to Moisture Damage
5.3 Market Opportunities
5.3.1 Growing Investments in Oil & Gas Industry
5.4 Future Trends
5.4.1 Increasing Applications of Mineral Insulated Cables
5.5 Impact Analysis of Drivers and Restraints
6. Mineral Insulated Heating Cable - US Market Analysis
6.1 US Mineral Insulated Heating Cable Market Overview
6.2 US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
6.3 Market Positioning - US Market Players Ranking
7. US Mineral Insulated Heating Cable Market Analysis By Cable Type
7.1 Overview
7.2 US Mineral Insulated Heating Cable Market, By Cable Type (2020 and 2028)
7.3 Single Core
7.3.1 Overview
7.3.2 Single Core: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
7.4 Twin Core
7.4.1 Overview
7.4.2 Twin Core: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
8. US Mineral Insulated Heating Cable Market Analysis By Sheath Type
8.1 Overview
8.2 US Mineral Insulated Heating Cable Market, By Sheath Type (2020 and 2028)
8.3 Copper
8.3.1 Overview
8.3.2 Copper: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
8.4 Stainless Steel
8.4.1 Overview
8.4.2 Stainless Steel: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
8.5 Cupronikel
8.5.1 Overview
8.5.2 Cupronikel: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
9. US Mineral Insulated Heating Cable Market Analysis By Temperature Range
9.1 Overview
9.2 US Mineral Insulated Heating Cable Market, By Temperature Range (2020 and 2028)
9.3 Less Than 200°C
9.3.1 Overview
9.3.2 Less Than 200°C: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
9.4 201-500°C
9.4.1 Overview
9.4.2 201-500°C: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
9.5 501-700°C
9.5.1 Overview
9.5.2 501-700°C: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
9.6 Above 700°C
9.6.1 Overview
9.6.2 Above 700°C: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
10. US Mineral Insulated Heating Cable Market Analysis By End-User
10.1 Overview
10.2 US Mineral Insulated Heating Cable Market, By End-User (2020 and 2028)
10.3 Energy & Power
10.3.1 Overview
10.3.2 Energy & Power: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
10.4 Oil & Gas
10.4.1 Overview
10.4.2 Oil & Gas: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
10.5 Construction
10.5.1 Overview
10.5.2 Construction: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
10.6 Pharmaceuticals
10.6.1 Overview
10.6.2 Pharmaceuticals: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
10.7 Others
10.7.1 Overview
10.7.2 Others: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
11. US Mineral Insulated Heating Cable Market - COVID-19 Impact Analysis
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Company Profiles
13.1 ARi Industries, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.1.7 Key Developments
13.2 Durex Industries
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Indeeco
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Briskheat Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Chromalox, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Emerson Electric Co.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Raychem RPG Pvt Limited
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Thermon Industries, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Trasor Corp.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Valin
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About
14.2 Word Index
List of Tables
Table 1. US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Table 2. List of AbbreviationList of Figures
Figure 1. US Mineral Insulated Heating Cable Market Segmentation
Figure 2. US Mineral Insulated Heating Cable Market Overview
Figure 3. Single Core Type to Dominate the US Mineral Insulated Heating Cable Market, By Cable Type
Figure 4. Copper Type to Dominate the US Mineral Insulated Heating Cable Market, By Sheath Type
Figure 5. Energy & Power to Dominate the US Mineral Insulated Heating Cable Market, By End-User
Figure 6. US - PEST Analysis
Figure 7. US Mineral Insulated Heating Cable Market - Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. US Mineral Insulated Heating Cable Market Impact Analysis of Drivers and Restraints
Figure 10. US: Mineral Insulated Heating Cable Market - Revenue and Forecast to 2028 (USD Million)
Figure 11. US Mineral Insulated Heating Cable Market Revenue Share, by Cable Type (2020 and 2028)
Figure 12. Single Core: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 13. Twin Core: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 14. US Mineral Insulated Heating Cable Market Revenue Share, by Sheath Type (2020 and 2028)
Figure 15. Copper: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 16. Stainless Steel: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 17. Cupronikel: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 18. Others: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 19. US Mineral Insulated Heating Cable Market Revenue Share, by Temperature Range (2020 and 2028)
Figure 20. Less Than 200°C: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 21. 201-500°C: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 22. 501-700°C: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 23. Above 700°C: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 24. US Mineral Insulated Heating Cable Market Revenue Share, by End-User (2020 and 2028)
Figure 25. Energy & Power: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 26. Oil & Gas: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 27. Construction: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 28. Pharmaceuticals: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 29. Others: US Mineral Insulated Heating Cable Market - Revenue, and Forecast to 2028 (USD Million)
Figure 30. Impact of COVID-19 Pandemic on US Mineral Insulated Heating Cable Market
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ARi Industries, Inc
- Durex Industries
- Indeeco
- Briskheat Corporation
- Chromalox, Inc
- Emerson Electric Co.
- Raychem RPG Pvt Limited.
- Thermon Industries, Inc
- Trasor Corp
- Valin
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 113 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 89.64 Million |
| Forecasted Market Value ( USD | $ 114.83 Million |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | United States |
