Market Overview:
The global mineral insulated metal sheathed cables market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for mineral insulated metal sheathed cables in residential, commercial, and industrial applications. Additionally, the growing infrastructure development across the globe is also fueling the demand for mineral insulated metal sheathed cables. Based on type, the global mineral insulated metal sheathed cables market can be segmented into mineral insulated power cables and mineral insulated heating cables. Mineral Insulated Power Cables are used as an efficient means of energy transmission in various industries such as oil & gas refineries, chemical plants and other manufacturing facilities where hazardous or flammable gases are present .On account of their excellent electrical properties (high current carrying capacity), these cable systems are finding increased application in wind farms too .Mineral Insulated Heating Cables find application mainly in heating systems for buildings & factories .
Product Definition:
Mineral insulated metal sheathed cables are used for electrical power and control wiring in industrial, commercial, and institutional buildings. They provide a reliable means of distributing power to equipment and machinery.
Mineral Insulated Power Cables:
Mineral insulated power cables are used in the electrical and electronic industry for transmission of electric energy. These products have a high operating temperature, low insulation material loss, and good mechanical strength. Mineral insulated power cables are manufactured using various raw materials such as ceramic fibers, aramid fibers or polymeric materials including PVC & nylon among others. The choice of raw material largely depends on the application where it is to be used along with cost factors associated with manufacturing processes.
Mineral Insulated Heating Cables:
Mineral insulated heating cables are made up of flexible polyvinyl chloride (PVC) or other suitable insulation materials. They are used for providing heat to the building structure and can be easily laid in any direction. These cables have a metal sheath covering which acts as an electrical conductor and also provides mechanical support to the insulation layer, keeping it from falling off the wire.
Application Insights:
The residential application segment accounted for the largest revenue share of over 50% in 2017. The segment is expected to witness significant growth on account of increasing demand for energy-efficient products in residential constructions. Mineral insulated metal sheathed cables are used as an alternative to conventional electric cable systems owing to their ability to reduce electricity costs by approximately 20%. These products also help extend the life of electrical equipment due to improved heat dissipation and prevention from moisture entry into electrical components.
Mineral insulated metal sheathed cables have a low resistance level, which results in reduced power loss and increased efficiency levels, thereby making them highly suitable for use across commercial applications including data centers, corporate offices, hotels/restaurants and hospitals among others.
Regional Analysis:
North America dominated the global mineral insulated metal sheathed cables market in 2017. The region is expected to witness considerable growth over the forecast period owing to increasing demand for energy and technological advancements. In addition, rising number of electric vehicles is also expected to drive product demand in North America.
The Asia Pacific regional market is anticipated to grow at a significant rate over the forecast period owing to rapid industrialization and urbanization resulting into an increase in infrastructure activities, which will drive product demand across various applications including residential, commercial and industrial sectors. Furthermore, growing awareness regarding environment protection along with government initiatives such as “Make in India†campaign by Indian government is likely boost industry size across this region significantly over the next eight years to come.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries is expected to drive the market for mineral insulated metal sheathed 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 regarding safety and reliability of electrical wiring systems is projected to propel the demand for mineral insulated metal sheathed cables over the next few years.
- Technological advancements in cable insulation materials are likely to create new opportunities for market players in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral Insulated Metal Sheathed Cables Market Research Report
By Type
Mineral Insulated Power Cables, Mineral Insulated Heating Cables
By Application
Residential, Commercial, Industrial
By Companies
Emerson, Watlow, MICC Group, Raychem HTS, ABB, KME, Jiusheng Electric, Baosheng, Uncomtech, Wrexham Mineral Cables, Mil GmbH (ISOMIL), OMEGA, Yuancheng Cable, ARi Industries, Chromalox, MI Cable Technologies, Eltherm, Okazaki Manufacturing Company, Hanhe Cable, Conax Technologies, Trasor Corp., AEI Cables, Teltech, Doncaster Cables, Temptek Technologies, Taisuo Technology
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Mineral Insulated Metal Sheathed Cables Market Report Segments:
The global Mineral Insulated Metal Sheathed Cables market is segmented on the basis of:
Types
Mineral Insulated Power Cables, Mineral Insulated Heating Cables
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
Residential, Commercial, Industrial
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:
- Emerson
- Watlow
- MICC Group
- Raychem HTS
- ABB
- KME
- Jiusheng Electric
- Baosheng
- Uncomtech
- Wrexham Mineral Cables
- Mil GmbH (ISOMIL)
- OMEGA
- Yuancheng Cable
- ARi Industries
- Chromalox
- MI Cable Technologies
- Eltherm
- Okazaki Manufacturing Company
- Hanhe Cable
- Conax Technologies
- Trasor Corp.
- AEI Cables
- Teltech
- Doncaster Cables
- Temptek Technologies
- Taisuo Technology
Highlights of The Mineral Insulated Metal Sheathed 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 Cables
- Mineral Insulated Heating Cables
- By Application:
- Residential
- Commercial
- Industrial
- 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 Metal Sheathed 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?
Mineral insulated metal sheathed cables are a type of electrical cable that is made from a metal sheath that is covered in insulation. This type of cable is designed to protect the wires inside it from outside elements, such as rain and snow.
Some of the major players in the mineral insulated metal sheathed cables market are Emerson, Watlow, MICC Group, Raychem HTS, ABB, KME, Jiusheng Electric, Baosheng, Uncomtech, Wrexham Mineral Cables, Mil GmbH (ISOMIL), OMEGA, Yuancheng Cable, ARi Industries, Chromalox, MI Cable Technologies, Eltherm, Okazaki Manufacturing Company, Hanhe Cable, Conax Technologies, Trasor Corp., AEI Cables, Teltech, Doncaster Cables, Temptek Technologies, Taisuo Technology.
The mineral insulated metal sheathed cables 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 Metal Sheathed Cables 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 Metal Sheathed Cables 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 Metal Sheathed Cables Market - Supply Chain
4.5. Global Mineral Insulated Metal Sheathed Cables Market Forecast
4.5.1. Mineral Insulated Metal Sheathed Cables Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mineral Insulated Metal Sheathed Cables Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mineral Insulated Metal Sheathed Cables Market Absolute $ Opportunity
5. Global Mineral Insulated Metal Sheathed Cables 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 Metal Sheathed Cables Market Size and Volume Forecast by Type
5.3.1. Mineral Insulated Power Cables
5.3.2. Mineral Insulated Heating Cables
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mineral Insulated Metal Sheathed Cables 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 Metal Sheathed Cables Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mineral Insulated Metal Sheathed Cables 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 Metal Sheathed Cables 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 Metal Sheathed Cables 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 Metal Sheathed Cables 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 Metal Sheathed Cables Demand Share Forecast, 2019-2026
9. North America Mineral Insulated Metal Sheathed Cables 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 Metal Sheathed Cables 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 Metal Sheathed Cables Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mineral Insulated Metal Sheathed Cables Market Size and Volume Forecast by Type
9.7.1. Mineral Insulated Power Cables
9.7.2. Mineral Insulated Heating Cables
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 Metal Sheathed Cables Demand Share Forecast, 2019-2026
10. Latin America Mineral Insulated Metal Sheathed Cables 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 Metal Sheathed Cables 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 Metal Sheathed Cables Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mineral Insulated Metal Sheathed Cables Market Size and Volume Forecast by Type
10.7.1. Mineral Insulated Power Cables
10.7.2. Mineral Insulated Heating Cables
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 Metal Sheathed Cables Demand Share Forecast, 2019-2026
11. Europe Mineral Insulated Metal Sheathed Cables 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 Metal Sheathed Cables 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 Metal Sheathed Cables Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mineral Insulated Metal Sheathed Cables Market Size and Volume Forecast by Type
11.7.1. Mineral Insulated Power Cables
11.7.2. Mineral Insulated Heating Cables
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 Metal Sheathed Cables Demand Share, 2019-2026
12. Asia Pacific Mineral Insulated Metal Sheathed Cables 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 Metal Sheathed Cables 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 Metal Sheathed Cables Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mineral Insulated Metal Sheathed Cables Market Size and Volume Forecast by Type
12.7.1. Mineral Insulated Power Cables
12.7.2. Mineral Insulated Heating Cables
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 Metal Sheathed Cables Demand Share, 2019-2026
13. Middle East & Africa Mineral Insulated Metal Sheathed Cables 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 Metal Sheathed Cables 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 Metal Sheathed Cables Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
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 Metal Sheathed Cables Market Size and Volume Forecast by Type
13.7.1. Mineral Insulated Power Cables
13.7.2. Mineral Insulated Heating Cables
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 Metal Sheathed Cables Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mineral Insulated Metal Sheathed Cables Market: Market Share Analysis
14.2. Mineral Insulated Metal Sheathed Cables Distributors and Customers
14.3. Mineral Insulated Metal Sheathed Cables Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Emerson
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Watlow
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MICC Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Raychem HTS
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ABB
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KME
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jiusheng Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Baosheng
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Uncomtech
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wrexham Mineral Cables
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mil GmbH (ISOMIL)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. OMEGA
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yuancheng Cable
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ARi Industries
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Chromalox
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. MI Cable Technologies
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Eltherm
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Okazaki Manufacturing Company
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Hanhe Cable
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Conax Technologies
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook