Market Overview:
The global mineral insulated stainless steel clad cable market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for mineral insulated cables in various end-use applications, such as buildings, power plants and manufacturing factories, among others. In addition, the growing demand for energy efficient and environment-friendly solutions is also propelling the growth of this market. Based on type, the global mineral insulated stainless steel clad cable market can be segmented into power cables and heating cables. The power cables segment is expected to account for a larger share of this market in 2018 owing to their widespread use in various end-use applications across different regions. By application, the building segment is anticipated to lead this market during the forecast period due to rising construction activities across different regions worldwide.
Product Definition:
Mineral insulated copper clad cable is a type of electrical wiring made up of two or more layers of metal. The inner layer is usually copper, while the outer layer can be any number of materials, but is most often stainless steel. The insulation between the two metals prevents electricity from flowing through the metal casing and keeps it localized to the inside core. This makes mineral insulated cable ideal for use in applications where high temperatures are present, as it can withstand up to 1,000 degrees Celsius without melting or burning. Mineral insulated stainless steel clad cable also has a high resistance to corrosion and other environmental factors, making it an ideal choice for harsh industrial settings.
Power Cables:
Power cables, also known as transmission or utility cables, are used for the distribution of electric power. They can be made from a wide range of materials including PVC (polyvinyl chloride), copper & aluminum alloys, and polyethylene. The choice of material largely depends on the application in which they are to be used. Power cable insulation is an important factor that affects its overall performance and durability; thus requires proper consideration during its manufacturing process.
Heating Cables:
Stainless steel cladding is used in a variety of applications including residential, commercial and industrial buildings. The demand for stainless steel-clad cables is expected to grow at a significant pace owing to the increasing use of HCSCC (Heating, Cooling & Sanitary Conduits) in building construction.
Mineral insulated stainless steel clad cable consists of two layers; an inner layer made up of copper or aluminum that is connected to the heating system.
Application Insights:
Building was the largest application segment in 2017 and the trend is anticipated to continue over the forecast period. Mineral insulated stainless steel clad cables are used for power distribution, lighting, fire protection & alarms as well as for building infrastructure. The rising demand for high-quality construction materials with enhanced durability and corrosion resistance is projected to propel growth over the coming years.
Manufacturing factory was another prominent application segment accounting for a share of 22% in 2017 owing to its use in manufacturing process across various industries such as oil & gas, chemical, food processing etc. These products are used within electrical installations at refineries along with other applications such as petrochemical plant or oil refinery where extreme pressure conditions prevail due to which these products are preferred by industry players operating within this sector.
Regional Analysis:
Asia Pacific dominated the global mineral insulated stainless steel clad cable market in 2017 and is expected to continue its dominance over the forecast period. The region comprises emerging economies, such as China, India, Indonesia, Malaysia and Thailand. Increasing industrialization coupled with rising investments in infrastructure development is anticipated to drive demand for energy-efficient heating cables across this region.
Europe was the second largest regional segment accounting for a share of 26% of total revenue in 2017 owing to high product adoption rates particularly across major countries including Germany and U.K., which are among the prominent manufacturing hubs globally.
Growth Factors:
- Increasing demand for mineral insulated cables in the oil and gas industry due to their properties such as high temperature resistance, chemical resistance, and flame retardancy.
- Growing investment in renewable energy sources such as solar and wind power, which is expected to drive the demand for mineral insulated cables over the forecast period.
- Rising infrastructure development activities across the globe, especially in emerging economies, is anticipated to boost the market growth during the forecast period.
- Increasing use of mineral insulated cables in data centers owing to their features such as low smoke emission and zero halogen content that help reduce environmental impact.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral Insulated Stainless Steel Clad Cable Market Research Report
By Type
Power Cables, Heating Cables
By Application
Building, Power Plant and Manufacturing Factory, Others
By Companies
Emerson, ABB, KME, TEC, ARi Industries, Chromalox, Uncomtech, Wrexham, Mil GmbH, Yuancheng Cable, Watlow, MiCable Technologie, Eltherm, OMEGA, Conax Technologie, Trasor, AEI 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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Mineral Insulated Stainless Steel Clad Cable Market Report Segments:
The global Mineral Insulated Stainless Steel Clad Cable market is segmented on the basis of:
Types
Power Cables, 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
Building, 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:
- Emerson
- ABB
- KME
- TEC
- ARi Industries
- Chromalox
- Uncomtech
- Wrexham
- Mil GmbH
- Yuancheng Cable
- Watlow
- MiCable Technologie
- Eltherm
- OMEGA
- Conax Technologie
- Trasor
- AEI Cables
Highlights of The Mineral Insulated Stainless Steel Clad 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:
- Power Cables
- Heating Cables
- By Application:
- Building
- 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 Stainless Steel Clad 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.
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 stainless steel clad cable is a type of electrical cable made from a metal jacket and insulation that is covered with a thin layer of mineral material. The mineral material helps to resist corrosion and makes the cable more flexible, which can improve its performance in harsh environments.
Some of the major companies in the mineral insulated stainless steel clad cable market are Emerson, ABB, KME, TEC, ARi Industries, Chromalox, Uncomtech, Wrexham, Mil GmbH, Yuancheng Cable, Watlow, MiCable Technologie, Eltherm, OMEGA, Conax Technologie, Trasor, AEI Cables.
The mineral insulated stainless steel clad cable market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mineral Insulated Stainless Steel Clad 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 Stainless Steel Clad 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 Stainless Steel Clad Cable Market - Supply Chain
4.5. Global Mineral Insulated Stainless Steel Clad Cable Market Forecast
4.5.1. Mineral Insulated Stainless Steel Clad Cable Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mineral Insulated Stainless Steel Clad Cable Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mineral Insulated Stainless Steel Clad Cable Market Absolute $ Opportunity
5. Global Mineral Insulated Stainless Steel Clad 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 Stainless Steel Clad Cable Market Size and Volume Forecast by Type
5.3.1. Power Cables
5.3.2. Heating Cables
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mineral Insulated Stainless Steel Clad 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 Stainless Steel Clad Cable Market Size and Volume Forecast by Application
6.3.1. Building
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 Stainless Steel Clad 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 Stainless Steel Clad 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 Stainless Steel Clad 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 Stainless Steel Clad 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 Stainless Steel Clad Cable Demand Share Forecast, 2019-2026
9. North America Mineral Insulated Stainless Steel Clad 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 Stainless Steel Clad 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 Stainless Steel Clad Cable Market Size and Volume Forecast by Application
9.4.1. Building
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 Stainless Steel Clad Cable Market Size and Volume Forecast by Type
9.7.1. Power Cables
9.7.2. 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 Stainless Steel Clad Cable Demand Share Forecast, 2019-2026
10. Latin America Mineral Insulated Stainless Steel Clad 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 Stainless Steel Clad 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 Stainless Steel Clad Cable Market Size and Volume Forecast by Application
10.4.1. Building
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 Stainless Steel Clad Cable Market Size and Volume Forecast by Type
10.7.1. Power Cables
10.7.2. 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 Stainless Steel Clad Cable Demand Share Forecast, 2019-2026
11. Europe Mineral Insulated Stainless Steel Clad 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 Stainless Steel Clad 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 Stainless Steel Clad Cable Market Size and Volume Forecast by Application
11.4.1. Building
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 Stainless Steel Clad Cable Market Size and Volume Forecast by Type
11.7.1. Power Cables
11.7.2. 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 Stainless Steel Clad Cable Demand Share, 2019-2026
12. Asia Pacific Mineral Insulated Stainless Steel Clad 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 Stainless Steel Clad 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 Stainless Steel Clad Cable Market Size and Volume Forecast by Application
12.4.1. Building
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 Stainless Steel Clad Cable Market Size and Volume Forecast by Type
12.7.1. Power Cables
12.7.2. 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 Stainless Steel Clad Cable Demand Share, 2019-2026
13. Middle East & Africa Mineral Insulated Stainless Steel Clad 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 Stainless Steel Clad 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 Stainless Steel Clad Cable Market Size and Volume Forecast by Application
13.4.1. Building
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 Stainless Steel Clad Cable Market Size and Volume Forecast by Type
13.7.1. Power Cables
13.7.2. 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 Stainless Steel Clad Cable Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mineral Insulated Stainless Steel Clad Cable Market: Market Share Analysis
14.2. Mineral Insulated Stainless Steel Clad Cable Distributors and Customers
14.3. Mineral Insulated Stainless Steel Clad Cable 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. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. KME
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TEC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ARi Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chromalox
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. MiCable Technologie
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Eltherm
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. OMEGA
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Conax Technologie
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Trasor
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. AEI Cables
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook