Market Overview:
The global mineral insulated cable market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for mineral insulated cables in buildings, power plants, and manufacturing factories across the globe. Additionally, the growing demand for energy-efficient and environment-friendly solutions is also propelling the growth of this market. Based on type, the mineral insulated cable market can be segmented into mineral insulated power cables and mineral insulated heating cables. The former type is expected to account for a larger share of this market than the latter during the forecast period. Based on application, this market can be segmented into buildings, power plants and manufacturing factories, and others (including transportation systems). Buildings are anticipated to account for a major share of this application segment during 2018–2030 owing to rising construction activities across different regions worldwide.
Product Definition:
Mineral insulated cable is a type of electrical wiring made up of copper or aluminum wires enclosed in a metal sheath that is covered in insulation. The insulation can be made from glass, mineral, or silicone rubber. Mineral insulated cables are used in harsh environments where other types of cables would not be able to withstand the extreme temperatures or chemical exposure. They are also used for high-voltage applications where there is a risk of fire.
Mineral Insulated Power Cable:
Mineral insulated power cable (MIPC) is a type of electrical insulation product used in the power distribution industry. They are manufactured using various raw materials such as ceramic, glass wool, and mineral fibers. The choice of raw material largely depends on the end-use application for which it is being manufactured.
Mineral Insulated Heating Cable:
Mineral insulated cables (MHC) are used in the construction of buildings and other infrastructures. They are made up of various insulating materials such as ceramic, fiberglass, rock wool or foam among others. The choice of insulation material largely depends on the climate where the building is supposed to be located. In cold regions, fiberglass is generally preferred over other materials while in hot regions; rock wool or foam based insulation is used extensively to provide adequate resistance against heat transfer.
Application Insights:
The buildings application segment accounted for the largest revenue share of over 40% in 2017. This is attributed to the use of MIA products in residential and commercial structures, such as high rise buildings, industrial warehouses and storage facilities, hotels and restaurants, institutional buildings (schools), government centers and public utility complexes.
Mineral insulated heating cables are used for space heating or cooling applications in various building materials including concrete flooring systems, roofing systems & membranes (waterproofing), wall panel system installation with insulation on both sides of the cable sheath using fiberboard or gypsum board construction. The demand for these products is expected to increase significantly owing to their use in a variety of infrastructure projects across developing countries including China India Japan South Korea Australia Mexico Brazil etc. These cables provide effective heat transfer from a resistance element within them which makes them suitable for space heating applications while providing efficient insulation against cold temperatures which makes them suitable for cooling applications thereby driving growth over the forecast period.
Regional Analysis:
North America dominated the global mineral insulated cable market in 2017 owing to the presence of a large number of mines and power generation facilities. The region is expected to witness moderate growth over the forecast period, with U.S. being a major contributor to regional growth due to increasing demand from industrial and commercial sectors, along with rising investments in renewable energy production capacity expansion projects.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to rapid infrastructure development coupled with expanding manufacturing base for consumer appliances and electronics products in China, India, Japan, South Korea as well as other Southeast Asian countries; which has led towards an increased requirement for electric power distribution & transmission network across various industries and commercial sectors thereby driving product demand over the past few years.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries is expected to drive the market for mineral insulated cables.
- Rising investments in renewable energy sources such as solar and wind power are also anticipated to boost the market growth over the forecast period.
- Growing concerns pertaining to global warming and climate change are likely to propel the demand for mineral insulated cables over the next few years.
- Technological advancements in cable insulation materials is projected to create new opportunities for market players over the coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral Insulated Cable Market Research Report
By Type
Mineral Insulated Power Cable, Mineral Insulated Heating Cable
By Application
Buildings, Power Plant and Manufacturing Factory, Others
By Companies
Raychem HTS, Emerson, ABB, KME, TEC, Baosheng, Uncomtech, Wrexham, Mil GmbH, Yuancheng Cable, Watlow, Ari Industries, Chromalox, MiCable Technologies, Eltherm, Hanhe Cable, OMEGA, Conax Technologies, Trasor, AEI Cables, Doncaster Cables
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Mineral Insulated Cable Market Report Segments:
The global Mineral Insulated Cable 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
Buildings, Power Plant and Manufacturing Factory, 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:
- Raychem HTS
- Emerson
- ABB
- KME
- TEC
- Baosheng
- Uncomtech
- Wrexham
- Mil GmbH
- Yuancheng Cable
- Watlow
- Ari Industries
- Chromalox
- MiCable Technologies
- Eltherm
- Hanhe Cable
- OMEGA
- Conax Technologies
- Trasor
- AEI Cables
- Doncaster Cables
Highlights of The Mineral Insulated Cable 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:
- Buildings
- Power Plant and Manufacturing Factory
- 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 Mineral Insulated Cable 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.
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- Correctly Positioning New Products
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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?
Mineral insulated cable is a type of electrical cable made from a number of small, thin wires that are covered with a mineral-based insulation. This insulation helps to keep the wire cool and prevents it from becoming damaged by heat or electricity. Mineral insulated cables are often used in applications where high temperatures or voltage levels are expected, such as in industrial settings or power plants.
Some of the major companies in the mineral insulated cable market are Raychem HTS, Emerson, ABB, KME, TEC, Baosheng, Uncomtech, Wrexham, Mil GmbH, Yuancheng Cable, Watlow, Ari Industries, Chromalox, MiCable Technologies, Eltherm, Hanhe Cable, OMEGA, Conax Technologies, Trasor, AEI Cables, Doncaster Cables.
The mineral insulated cable market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mineral Insulated Cable Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mineral Insulated Cable Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mineral Insulated Cable Market - Supply Chain
4.5. Global Mineral Insulated Cable Market Forecast
4.5.1. Mineral Insulated Cable Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mineral Insulated Cable Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mineral Insulated Cable Market Absolute $ Opportunity
5. Global Mineral Insulated Cable Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mineral Insulated Cable Market Size and Volume Forecast by Type
5.3.1. Mineral Insulated Power Cable
5.3.2. Mineral Insulated Heating Cable
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mineral Insulated Cable Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mineral Insulated Cable Market Size and Volume Forecast by Application
6.3.1. Buildings
6.3.2. Power Plant and Manufacturing Factory
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mineral Insulated Cable Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mineral Insulated Cable Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mineral Insulated Cable Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mineral Insulated Cable Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mineral Insulated Cable Demand Share Forecast, 2019-2026
9. North America Mineral Insulated Cable Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mineral Insulated Cable Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mineral Insulated Cable Market Size and Volume Forecast by Application
9.4.1. Buildings
9.4.2. Power Plant and Manufacturing Factory
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mineral Insulated Cable Market Size and Volume Forecast by Type
9.7.1. Mineral Insulated Power Cable
9.7.2. Mineral Insulated Heating Cable
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mineral Insulated Cable Demand Share Forecast, 2019-2026
10. Latin America Mineral Insulated Cable Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mineral Insulated Cable Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mineral Insulated Cable Market Size and Volume Forecast by Application
10.4.1. Buildings
10.4.2. Power Plant and Manufacturing Factory
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mineral Insulated Cable Market Size and Volume Forecast by Type
10.7.1. Mineral Insulated Power Cable
10.7.2. Mineral Insulated Heating Cable
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mineral Insulated Cable Demand Share Forecast, 2019-2026
11. Europe Mineral Insulated Cable Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mineral Insulated Cable Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mineral Insulated Cable Market Size and Volume Forecast by Application
11.4.1. Buildings
11.4.2. Power Plant and Manufacturing Factory
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mineral Insulated Cable Market Size and Volume Forecast by Type
11.7.1. Mineral Insulated Power Cable
11.7.2. Mineral Insulated Heating Cable
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mineral Insulated Cable Demand Share, 2019-2026
12. Asia Pacific Mineral Insulated Cable Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mineral Insulated Cable Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mineral Insulated Cable Market Size and Volume Forecast by Application
12.4.1. Buildings
12.4.2. Power Plant and Manufacturing Factory
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mineral Insulated Cable Market Size and Volume Forecast by Type
12.7.1. Mineral Insulated Power Cable
12.7.2. Mineral Insulated Heating Cable
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mineral Insulated Cable Demand Share, 2019-2026
13. Middle East & Africa Mineral Insulated Cable Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mineral Insulated Cable Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mineral Insulated Cable Market Size and Volume Forecast by Application
13.4.1. Buildings
13.4.2. Power Plant and Manufacturing Factory
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mineral Insulated Cable Market Size and Volume Forecast by Type
13.7.1. Mineral Insulated Power Cable
13.7.2. Mineral Insulated Heating Cable
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mineral Insulated Cable Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mineral Insulated Cable Market: Market Share Analysis
14.2. Mineral Insulated Cable Distributors and Customers
14.3. Mineral Insulated Cable Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Raychem HTS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Emerson
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ABB
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. KME
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TEC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Baosheng
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Uncomtech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wrexham
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mil GmbH
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yuancheng Cable
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Watlow
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ari Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Chromalox
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. MiCable Technologies
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Eltherm
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hanhe Cable
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. OMEGA
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Conax Technologies
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Trasor
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. AEI Cables
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
