Market Overview:
The global alloy mineral insulated cables market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for mineral insulated cables in various applications, such as food & beverage, oil & gas, chemicals, power distribution, aerospace & defense and others. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to the growing industrialization and urbanization in countries such as China and India.
Product Definition:
Alloy Mineral insulated cables are a type of cable that uses an alloy conductor instead of copper. The main advantage of using alloy mineral insulated cables is that they are more resistant to corrosion than traditional copper cables, making them ideal for use in harsh environments.
Mineral Insulated Power Cable:
Mineral insulated power cable is a type of electrical cable made up of high temperature insulation material. It is widely used in the power transmission and distribution network across the globe owing to its several properties such as flexibility, low weight, corrosion resistance, high tensile strength and heat resistant.
Mineral Insulated Heating Cable:
Mineral insulated cables are made of special materials that help in preventing the loss of heat. These cables have a layer of insulation made up of ceramic, glass wool, rock salt or other similar material which helps in retaining the heat within the cable itself. The other end of this cable is connected to an electric heating element and it can be used for direct as well as indirect heating applications.
Mineral insulated cables are available with different types and sizes depending upon requirements.
Application Insights:
The food and beverage application segment led the global market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for aluminum-free cables in this industry. In addition, growing concerns regarding product quality coupled with increasing use of stainless steel wire in manufacturing these products are expected to drive growth over the coming years.
Oil & gas was the second largest application segment accounted for a revenue share of 25% in 2017 due largely to its extensive usage as drilling equipment requires high tensile strength and good insulation properties cable materials that can withstand high pressure without getting damaged or deformed over long distances underground oil exploration activities require such types of insulated cables because they provide heat resistance, corrosion resistance.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest economies, such as China, India, Japan and South Korea. Rapid industrialization coupled with increasing government spending on infrastructure projects are likely to drive demand for alloy mineral insulated cables in this region.
Europe was estimated at USD X million in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 owing high consumption of energy across various applications including food & beverage, oil & gas, power distribution among others.
Growth Factors:
- Increasing demand from the construction and infrastructure sector
- Rising demand for energy efficient cables
- Growing popularity of mineral insulated cables in renewable energy applications
- Technological advancements in cable manufacturing process
- Rising awareness about the benefits of mineral insulated cables among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Alloy Mineral Insulated Cables Market Research Report
By Type
Mineral Insulated Power Cable, Mineral Insulated Heating Cable
By Application
Food & Beverage, Oil & Gas, Chemicals, Power Distribution, Aerospace & Defense, Others
By Companies
Ari Industries, KME, Jiusheng Electric, Freedonia Group, Emerson, ISOMIL, Jiangnan Cable, MICC Group, Mingda Wire and Cable (Group), nVent
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Alloy Mineral Insulated Cables Market Report Segments:
The global Alloy Mineral Insulated Cables market is segmented on the basis of:
Types
Mineral Insulated Power Cable, Mineral Insulated Heating Cable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverage, Oil & Gas, Chemicals, Power Distribution, Aerospace & Defense, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ari Industries
- KME
- Jiusheng Electric
- Freedonia Group
- Emerson
- ISOMIL
- Jiangnan Cable
- MICC Group
- Mingda Wire and Cable (Group)
- nVent
Highlights of The Alloy Mineral Insulated Cables Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mineral Insulated Power Cable
- Mineral Insulated Heating Cable
- By Application:
- Food & Beverage
- Oil & Gas
- Chemicals
- Power Distribution
- Aerospace & Defense
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Alloy Mineral Insulated Cables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Alloy mineral insulated cables are made of a metal conductor surrounded by an insulating material. The metal conductor is usually a copper or aluminum wire, while the insulation is typically made of polyethylene or polypropylene. This combination makes alloy mineral insulated cables very strong and resistant to heat and cold, making them ideal for use in applications such as electrical wiring and heating systems.
Some of the major companies in the alloy mineral insulated cables market are Ari Industries, KME, Jiusheng Electric, Freedonia Group, Emerson, ISOMIL, Jiangnan Cable, MICC Group, Mingda Wire and Cable (Group), nVent.
The alloy mineral insulated cables market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Alloy Mineral Insulated Cables Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Alloy Mineral Insulated Cables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Alloy Mineral Insulated Cables Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Alloy Mineral Insulated Cables Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Alloy Mineral Insulated Cables Market Size & Forecast, 2020-2028
4.5.1 Alloy Mineral Insulated Cables Market Size and Y-o-Y Growth
4.5.2 Alloy Mineral Insulated Cables Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mineral Insulated Power Cable
5.2.2 Mineral Insulated Heating Cable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food & Beverage
6.2.2 Oil & Gas
6.2.3 Chemicals
6.2.4 Power Distribution
6.2.5 Aerospace & Defense
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Alloy Mineral Insulated Cables Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Alloy Mineral Insulated Cables Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mineral Insulated Power Cable
9.6.2 Mineral Insulated Heating Cable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food & Beverage
9.10.2 Oil & Gas
9.10.3 Chemicals
9.10.4 Power Distribution
9.10.5 Aerospace & Defense
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mineral Insulated Power Cable
10.6.2 Mineral Insulated Heating Cable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food & Beverage
10.10.2 Oil & Gas
10.10.3 Chemicals
10.10.4 Power Distribution
10.10.5 Aerospace & Defense
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mineral Insulated Power Cable
11.6.2 Mineral Insulated Heating Cable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food & Beverage
11.10.2 Oil & Gas
11.10.3 Chemicals
11.10.4 Power Distribution
11.10.5 Aerospace & Defense
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mineral Insulated Power Cable
12.6.2 Mineral Insulated Heating Cable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food & Beverage
12.10.2 Oil & Gas
12.10.3 Chemicals
12.10.4 Power Distribution
12.10.5 Aerospace & Defense
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mineral Insulated Power Cable
13.6.2 Mineral Insulated Heating Cable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food & Beverage
13.10.2 Oil & Gas
13.10.3 Chemicals
13.10.4 Power Distribution
13.10.5 Aerospace & Defense
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Alloy Mineral Insulated Cables Market: Competitive Dashboard
14.2 Global Alloy Mineral Insulated Cables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ari Industries
14.3.2 KME
14.3.3 Jiusheng Electric
14.3.4 Freedonia Group
14.3.5 Emerson
14.3.6 ISOMIL
14.3.7 Jiangnan Cable
14.3.8 MICC Group
14.3.9 Mingda Wire and Cable (Group)
14.3.10 nVent
