Market Overview:
The global mineral insulated thermocouple 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 thermocouple cables in residential, commercial, and industrial applications. Additionally, the growing demand for energy-efficient solutions is also contributing to the growth of this market. Based on type, the global mineral insulated thermocouple cables market can be segmented into single conductor and double conductor. The single conductor segment is expected to account for a larger share of this market than the double conductor segment during the forecast period. This can be attributed to its low cost and easy installation compared with double conductor cables. Based on application, the global mineral insulated thermocouple cables market can be divided into residential, commercial, and industrial applications.
Product Definition:
Mineral insulated thermocouple cables are made up of a thermocouple wire inside a thin, heat-resistant mineral insulation.
Single Conductor:
Single-conductor - also known as single-crystal or single-level - is a type of electrical cable made from high purity quartz. It consists of one wire and therefore has no associated ground wire. The absence of a second wire allows the use of smaller gauge wires in the same cable, which reduces the weight and cost; this factor is expected to drive market growth over the forecast period.
Double Conductor:
Double Conductor (DC) is a method of making two insulated wires into one single wire by using two different insulation materials. The most common example of double conductor cable would be the ones that are used in power cables. Power cables made up of copper and insulation material are almost always made with a double conductor system to allow for flexibility in the system while it is running.
Application Insights:
The commercial application segment dominated the global market in 2017. The growth of this segment can be attributed to the rising demand for energy-efficient products in various industries, such as power generation and oil & gas. Mineral insulated thermocouple cables are used for power generation, industrial heating and cooling applications, HVAC systems etc. Growing construction industry across developing countries is expected to drive the demand for these cables over the forecast period.
The residential sector is expected to witness significant growth over the forecast period owing to increasing investments in green buildings coupled with growing awareness about energy efficiency among consumers globally.
Regional Analysis:
North America dominated the global mineral insulated thermocouple cables market in 2017. The region is expected to witness a considerable growth rate of 4.4% over the forecast period, owing to increasing demand for energy conservation and sustainable development. In addition, growing awareness regarding environment-friendly products is anticipated to propel product demand in this region.
The Asia Pacific regional market captured significant revenue share in 2017 due to rapid industrialization and commercial construction activities across emerging economies such as China and India. Moreover, rising number of nuclear power plant projects across countries such as India and China are expected to drive industry expansion over the next eight years.
Growth Factors:
- Increasing demand from the end-use industries such as oil & gas, power generation, and chemical plants for better performance and reliability of thermocouple cables
- Rising investments in plant expansions and new installations across various process industries
- Growing popularity of mineral insulated thermocouple cables due to their features such as high temperature resistance, corrosion resistance, and flame retardancy
- Technological advancements in manufacturing processes that have resulted in the development of smaller diameter MI cable products with enhanced performance characteristics
- Proliferation of smart factories that are equipped with advanced sensing and monitoring technologies for real-time data acquisition
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral Insulated Thermocouple Cables Market Research Report
By Type
Single Conductor, Double Conductor
By Application
Residential, Commercial, Industrial
By Companies
MICC Group, Watlow, ARi Industries, Yamari Industries, OMEGA, Mil GmbH (ISOMIL), ABB, Emerson, Uncomtech, KME, Raychem HTS, Jiusheng Electric, Chromalox, Wrexham Mineral Cables, MI Cable Technologies, Taisuo Technology, Eltherm, Okazaki Manufacturing Company, Conax Technologies, Trasor Corp., AEI Cables, Teltech, Doncaster Cables, Temptek Technologies
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Mineral Insulated Thermocouple Cables Market Report Segments:
The global Mineral Insulated Thermocouple Cables market is segmented on the basis of:
Types
Single Conductor, Double Conductor
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:
- MICC Group
- Watlow
- ARi Industries
- Yamari Industries
- OMEGA
- Mil GmbH (ISOMIL)
- ABB
- Emerson
- Uncomtech
- KME
- Raychem HTS
- Jiusheng Electric
- Chromalox
- Wrexham Mineral Cables
- MI Cable Technologies
- Taisuo Technology
- Eltherm
- Okazaki Manufacturing Company
- Conax Technologies
- Trasor Corp.
- AEI Cables
- Teltech
- Doncaster Cables
- Temptek Technologies
Highlights of The Mineral Insulated Thermocouple 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:
- Single Conductor
- Double Conductor
- 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 Thermocouple 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
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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 thermocouple cables are a type of electrical cable that uses mineral insulation to reduce heat loss. Mineral insulated thermocouple cables are often used in industrial and scientific applications where high temperatures and/or high voltages are present.
Some of the major players in the mineral insulated thermocouple cables market are MICC Group, Watlow, ARi Industries, Yamari Industries, OMEGA, Mil GmbH (ISOMIL), ABB, Emerson, Uncomtech, KME, Raychem HTS, Jiusheng Electric, Chromalox, Wrexham Mineral Cables, MI Cable Technologies, Taisuo Technology, Eltherm, Okazaki Manufacturing Company, Conax Technologies, Trasor Corp., AEI Cables, Teltech, Doncaster Cables, Temptek Technologies.
The mineral insulated thermocouple 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 Thermocouple 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 Thermocouple 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 Thermocouple Cables Market - Supply Chain
4.5. Global Mineral Insulated Thermocouple Cables Market Forecast
4.5.1. Mineral Insulated Thermocouple Cables Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mineral Insulated Thermocouple Cables Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mineral Insulated Thermocouple Cables Market Absolute $ Opportunity
5. Global Mineral Insulated Thermocouple 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 Thermocouple Cables Market Size and Volume Forecast by Type
5.3.1. Single Conductor
5.3.2. Double Conductor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mineral Insulated Thermocouple 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 Thermocouple 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 Thermocouple 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 Thermocouple 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 Thermocouple 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 Thermocouple 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 Thermocouple Cables Demand Share Forecast, 2019-2026
9. North America Mineral Insulated Thermocouple 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 Thermocouple 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 Thermocouple 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 Thermocouple Cables Market Size and Volume Forecast by Type
9.7.1. Single Conductor
9.7.2. Double Conductor
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 Thermocouple Cables Demand Share Forecast, 2019-2026
10. Latin America Mineral Insulated Thermocouple 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 Thermocouple 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 Thermocouple 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 Thermocouple Cables Market Size and Volume Forecast by Type
10.7.1. Single Conductor
10.7.2. Double Conductor
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 Thermocouple Cables Demand Share Forecast, 2019-2026
11. Europe Mineral Insulated Thermocouple 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 Thermocouple 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 Thermocouple 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 Thermocouple Cables Market Size and Volume Forecast by Type
11.7.1. Single Conductor
11.7.2. Double Conductor
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 Thermocouple Cables Demand Share, 2019-2026
12. Asia Pacific Mineral Insulated Thermocouple 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 Thermocouple 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 Thermocouple 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 Thermocouple Cables Market Size and Volume Forecast by Type
12.7.1. Single Conductor
12.7.2. Double Conductor
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 Thermocouple Cables Demand Share, 2019-2026
13. Middle East & Africa Mineral Insulated Thermocouple 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 Thermocouple 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 Thermocouple 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 Thermocouple Cables Market Size and Volume Forecast by Type
13.7.1. Single Conductor
13.7.2. Double Conductor
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 Thermocouple Cables Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mineral Insulated Thermocouple Cables Market: Market Share Analysis
14.2. Mineral Insulated Thermocouple Cables Distributors and Customers
14.3. Mineral Insulated Thermocouple Cables Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. MICC Group
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. ARi Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yamari Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. OMEGA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mil GmbH (ISOMIL)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ABB
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Emerson
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. KME
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Raychem HTS
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jiusheng Electric
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. Wrexham Mineral Cables
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. MI Cable Technologies
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Taisuo Technology
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. Conax Technologies
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Trasor Corp.
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
