Middle East & Africa Mineral Insulated Heating Cable Market

Market Introduction

Mineral insulated heating cables deliver rugged and reliable heat tracing for several oil & gas and pharmaceutical applications, and it is designed with critical circuit protection, which is ideal for protection in the pharmaceutical and oil & gas fields. In developing nations such as South Africa and Saudi Arabia, construction and manufacturing industries are flourishing at an impressive pace. These factors are anticipated to offer ample growth opportunities for mineral insulated heating cable market players in MEA. The mineral insulated heating cable manufacturers in MEA are highly focused on creating huge prospects in several industries. Manufacturers of cables and accessories are continuously incorporating their existing technologies to design new products to surge the capacity of mineral insulated heating cable in various fields. Due to increasing investments in infrastructure development and oil & gas projects, countries are also expected to grow at a steady pace during the forecast period. The factors like growth in demand for energy and power projects and increase in demand from construction sector is expected to create a significant demand for mineral insulated heating cables in the coming years, which is further anticipated to drive the MEA mineral insulated heating cable market. Further, COVID-19 pandemic would have significant effects on economies across MEA. The MEA region is anticipated to be highly impacted as there is already pressure on economy of various oil based countries due to falling oil prices which will directly affect the mineral insulated heating cable market growth in MEA.  In addition to this, the factory lockdowns, business shutdowns and travel bans are further aggravating the economic problems of the countries in the MEA region. Hence, the estimated decline in MEA’s economic condition and impact of COVID-19 on growth of various industries in the region is expected to negatively impact the growth of MEA mineral insulated heating cable Market in 2020 and 2021.

Market Overview and Dynamics

The mineral insulated heating cable market in MEA is expected to grow from US$ 16.7 million in 2019 to US$ 24.9 million by 2027; it is estimated to grow at a CAGR of 5.5 % from 2020 to 2027. Increasing applications of mineral insulated cable is expected to create opportunity for market growth. Mineral insulated heating cables are widely adopted across various industries for several applications. The most critical application of mineral insulated heating cable is being used in the construction industry as the cable joints can easily be affected by moisture, cause a short circuit as well as other electrical faults. Other applications where mineral insulated heating cables are being deployed are rail transit tunnel; these cables are mainly used in fire protection system; high-rise buildings for emergency lighting, general lighting, electrical fire circuit, and fire alarm, among others; in ships and warships; and in aerospace for general lighting, emergency lighting, and computer room control circuit, among others. Therefore, the growing applications of mineral insulated heating cables owing to its features are anticipated to further enhance the MEA mineral insulated heating cable market growth.

Key Market Segments

In terms of sheath type, the copper segment accounted for the largest share of the MEA mineral insulated heating cable market in 2019. In terms of cable type, the single core segment held a larger market share of the MEA mineral insulated heating cable market in 2019. Further, the energy & power segment held a larger share of the MEA mineral insulated heating cable market based on end user in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the mineral insulated heating cable market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bartec ; Briskheat Corporation ; Chromalox, Inc.; Emerson Electric Co.; Thermon Group Holdings, Inc.

Reasons to buy report

• To understand the MEA mineral insulated heating cable market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA mineral insulated heating cable market
• Efficiently plan M&A and partnership deals in MEA mineral insulated heating cable market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA mineral insulated heating cable market
• Obtain market revenue forecast for mineral insulated heating cable market by various segments from 2020-2027 in MEA region.

MEA Mineral Insulated Heating Cable Market Segmentation

 
MEA Mineral Insulated Heating Cable Market- By Cable Type

• Single Core
• Twin Core

 MEA Mineral Insulated Heating Cable Market - By Sheath Type

• Copper
• Stainless Steel
• Cupronickel
• Others

MEA Mineral Insulated Heating Cable Market - By Temperature Range

• Less than 200°C
• 201-500°C
• 501 to 700°C
• Above 700°C

MEA Mineral Insulated Heating Cable Market - By End User

• Energy & Power
• Oil & Gas
• Construction
• Pharmaceutical
• Others  

MEA Mineral Insulated Heating Cable Market - By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

MEA Mineral Insulated Heating Cable Market - Company Profiles

• Bartec
• Briskheat Corporation
• Chromalox, Inc.
• Emerson Electric Co. 
• Thermon Group Holdings, Inc.     

Middle East & Africa Mineral Insulated Heating Cable Market Strategic Insights

Middle East & Africa Mineral Insulated Heating Cable Market Segmentation Analysis

Middle East & Africa Mineral Insulated Heating Cable Market Report Highlights

Middle East & Africa Mineral Insulated Heating Cable Report Scope

Middle East & Africa Mineral Insulated Heating Cable Market Country and Regional Insights