North America Mineral Insulated Heating Cable Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Cable Type (Single Core and Twin Core); Sheath Type (Copper, Stainless Steel, Cupronickel, and Others); Temperature Range (Less than 200°C, 201-500°C, 501 to 700°C, and Above 700°C); End-user (Energy & Power, Oil & Gas, Construction, Pharmaceutical, and Others) and Country
Market Introduction
A mineral insulated heating cable is used in environmental conditions with high temperatures as it has low flammability. The cable comprises copper wires inside a copper and stainless steel sheath. It is insulated by magnesium oxide (MgO), which makes a tremendous electrical insulation material because it can resist oxidation and ionizing radiation, as well as physically and chemically stable at high temperatures. Various sheath types that cover mineral insulated cable help safeguard the thermocouple wires from oxidation when used in wet environments. As the cable is resistant against corrosion, it is ideal for use in areas where failure and replacement could be dangerous. Mineral insulated cables are used for power and control circuits of mains supply cables within residential apartment blocks, and they offer economical commercial and high-end residential floor warming. Thus, the growth in the 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 mineral insulated heating cable market. Furthermore, with US being one of the important markets for mineral insulated heating cable growth. The factory and business shutdowns across the US, Canada and Mexico are impacting the adoption of mineral insulated heating cable market. North America region is home to a large number of manufacturing and technology companies and thus the impact of coronavirus outbreak is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation in the US is going to impact the mineral insulated heating cable market growth of North America region in a negative manner for the next few quarters.
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Market Overview and Dynamics
The mineral insulated heating cable market in North America is expected to grow from US$ 114.9 Mn in 2019 to US$ 140.4 Mn by 2027; it is estimated to grow at a CAGR of 2.8% from 2020 to 2027. Mineral insulated heating cables retain their precision even during exposure to high temperatures; thus, they are ideal in several industries such as oil & gas, energy & power, and medical devices where safety standards are strictly imposed. The cable is verified using the National Institute of Standards and Technology (NIST) standards. The energy & power generation industry witnesses tremendous growth across the region; also, various construction and electrical projects are in line, especially in the North American countries. Thus, the mineral insulated heating cables offer future growth opportunities for market players operating in the North American market as the need for higher electricity generation and better-conducting channels are increasing in several industries. This is bolstering the growth of the mineral insulated heating cable market.
Key Market Segments
In terms of sheath type, the copper segment accounted for the largest share of the North America mineral insulated heating cable market in 2019. In terms of cable type, the single core segment held a larger market share of the mineral insulated heating cable market in 2019. Further, the energy & power segment held a larger share of the 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bartec, BriskHeat, Chromalox, Eltherm GmbH, Emerson Electric Co., Mineral Insulated Cable Company (MICC) Ltd., Thermocoax Group, Thermon, and Valin among others.
Reasons to buy report
- To understand the North America 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 North America mineral insulated heating cable market
- Efficiently plan M&A and partnership deals in North America 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 North America mineral insulated heating cable market
- Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
NORTH AMERICA MINERAL INSULATED HEATING CABLE MARKET SEGMENTATION
- Single Core
- Twin Core
- Copper
- Stainless Steel
- Cupronickel
- Others
- Less than 200°C
- 201-500°C
- 501 to 700°C
- Above 700°C
- Energy & Power
- Oil & Gas
- Construction
- Pharmaceutical
- Others
By Country
- US
- Canada
- Mexico
Company Profiles
- Bartec
- BriskHeat
- Chromalox
- Eltherm GmbH
- Emerson Electric Co.
- Mineral Insulated Cable Company (MICC) Ltd.
- Thermocoax Group
- Thermon
- Valin
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Mineral Insulated Heating Cable Market – By Cable Type
1.3.2 Mineral Insulated Heating Cable Market – By Sheath Type
1.3.3 Mineral Insulated Heating Cable Market – By Temperature Range
1.3.4 Mineral Insulated Heating Cable Market – By End User
1.3.5 Mineral Insulated Heating Cable Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Mineral Insulated Heating Cable Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Mineral Insulated Heating Cable Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand from the Construction Sector
5.2 Market Restraints
5.2.1 Concern Related to Moisture Damage
5.3 Market Opportunities
5.3.1 Surging Growth Opportunities in North America
5.4 Market Trends
5.4.1 Mounting applications of Mineral Insulated Cable
5.5 Impact Analysis of Drivers and Restraints
6. Mineral Insulated Heating Cable – North America Analysis
6.1 Mineral Insulated Heating Cable Market Overview
6.2 North America Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning –Market Players Ranking
7. Mineral Insulated Heating Cable Market Analysis – By Cable Type
7.1 Overview
7.2 North America Mineral Insulated Heating Cable Market Breakdown, by Cable Type, 2019 & 2027
7.3 Single Core
7.3.1 Overview
7.3.2 Single Core: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Twin Core
7.4.1 Overview
7.4.2 Twin Core: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
8. Mineral Insulated Heating Cable Market Analysis – By Sheath Type
8.1 Overview
8.2 North America Mineral Insulated Heating Cable Market Breakdown, by Sheath Type, 2019 & 2027
8.3 Copper
8.3.1 Overview
8.3.2 Copper: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Stainless Steel
8.4.1 Overview
8.4.2 Stainless Steel: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Cupronickel
8.5.1 Overview
8.5.2 Cupronickel: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
9. Mineral Insulated Heating Cable Market Analysis – By Temperature Range
9.1 Overview
9.2 North America Mineral Insulated Heating Cable Market Breakdown, by Temperature Range, 2019 & 2027
9.3 Less than 200°C
9.3.1 Overview
9.3.2 Less Than 200°C: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
9.4 – 500°C
9.4.1 Overview
9.4.2 – 500°C: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million).
9.5 – 700°C
9.5.1 Overview
9.5.2 – 700°C: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Above 700°C
9.6.1 Overview
9.6.2 Above 700°C: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
10. Mineral Insulated Heating Cable Market Analysis – By End User
10.1 Overview
10.2 North America Mineral Insulated Heating Cable Market Breakdown, by End User, 2019 & 2027
10.3 Energy & Power
10.3.1 Overview
10.3.2 Energy & Power: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
10.4 Oil & Gas
10.4.1 Overview
10.4.2 Oil & Gas: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
10.5 Construction
10.5.1 Overview
10.5.2 Construction: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
10.6 Pharmaceutical
10.6.1 Overview
10.6.2 Pharmaceutical: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
10.7 Others
10.7.1 Overview
10.7.2 Others: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
11. Mineral Insulated Heating Cable Market – Country Analysis
11.1 North America: Mineral Insulated Heating Cable Market
11.1.1 North America: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.2 North America: Mineral Insulated Heating Cable Market, by Cable Type
11.1.3 North America: Mineral Insulated Heating Cable Market, by Sheath Type
11.1.4 North America: Mineral Insulated Heating Cable Market, by Temperature Range
11.1.5 North America: Mineral Insulated Heating Cable Market, by End User
11.1.6 North America: Mineral Insulated Heating Cable Market, by Key Country
11.1.6.1 US: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.6.1.1 US: Mineral Insulated Heating Cable Market, by Cable Type
11.1.6.1.2 US: Mineral Insulated Heating Cable Market, by Sheath Type
11.1.6.1.3 US: Mineral Insulated Heating Cable Market, by Temperature Range
11.1.6.1.4 US: Mineral Insulated Heating Cable Market, by End User
11.1.6.2 Canada: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.6.2.1 Canada: Mineral Insulated Heating Cable Market, by Cable Type
11.1.6.2.2 Canada: Mineral Insulated Heating Cable Market, by Sheath Type
11.1.6.2.3 Canada: Mineral Insulated Heating Cable Market, by Temperature Range
11.1.6.2.4 Canada: Mineral Insulated Heating Cable Market, by End User
11.1.6.3 Mexico: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.6.3.1 Mexico: Mineral Insulated Heating Cable Market, by Cable Type
11.1.6.3.2 Mexico: Mineral Insulated Heating Cable Market, by Sheath Type
11.1.6.3.3 Mexico: Mineral Insulated Heating Cable Market, by Temperature Range
11.1.6.3.4 Mexico: Mineral Insulated Heating Cable Market, by End User
12. Impact of COVID-19 Pandemic on Mineral Insulated Heating Cable Market
12.1 Overview
12.2 North America
13. Mineral Insulated Heating Cable Market-Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Development
14. COMPANY PROFILES
14.1 Bartec
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Briskheat Corporation
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Chromalox, Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 eltherm GmbH
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Emerson Electric Co.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 MINERAL INSULATED CABLE COMPANY (MICC) LTD
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 THERMOCOAX GROUP
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 THERMON GROUP HOLDINGS, INC.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Valin
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. North America Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. North America: Mineral Insulated Heating Cable Market, by Cable Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Mineral Insulated Heating Cable Market, by Sheath Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Mineral Insulated Heating Cable Market, by Temperature Range – Revenue and Forecast to 2027 (US$ Million)
Table 5. North America: Mineral Insulated Heating Cable Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 6. US: Mineral Insulated Heating Cable Market, by Cable Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Mineral Insulated Heating Cable Market, by Sheath Type –Revenue and Forecast to 2027 (US$ Million)
Table 8. US: Mineral Insulated Heating Cable Market, by Temperature Range –Revenue and Forecast to 2027 (US$ Million)
Table 9. US: Mineral Insulated Heating Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada: Mineral Insulated Heating Cable Market, by Cable Type –Revenue and Forecast to 2027 (US$ Million)
Table 11. Canada: Mineral Insulated Heating Cable Market, by Sheath Type –Revenue and Forecast to 2027 (US$ Million)
Table 12. Canada: Mineral Insulated Heating Cable Market, by Temperature Range –Revenue and Forecast to 2027 (US$ Million)
Table 13. Canada: Mineral Insulated Heating Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 14. Mexico: Mineral Insulated Heating Cable Market, by Cable Type –Revenue and Forecast to 2027 (US$ Million)
Table 15. Mexico: Mineral Insulated Heating Cable Market, by Sheath Type –Revenue and Forecast to 2027 (US$ Million)
Table 16. Mexico: Mineral Insulated Heating Cable Market, by Temperature Range –Revenue and Forecast to 2027 (US$ Million)
Table 17. Mexico: Mineral Insulated Heating Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 18. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Mineral Insulated Heating Cable Market Segmentation
Figure 2. North America Mineral Insulated Heating Cable Market Segmentation – By Country
Figure 3. North America Mineral Insulated Heating Cable Market Overview
Figure 4. North America Mineral Insulated Heating Cable Market Outlook
Figure 5. North America Mineral Insulated Heating Cable Market – Cable Type
Figure 6. North America Mineral Insulated Heating Cable Market – Sheath Type
Figure 7. North America: PEST Analysis
Figure 8. Mineral Insulated Heating Cable Market – Ecosystem Analysis
Figure 9. Mineral Insulated Heating Cable Market: Impact Analysis of Drivers and Restraints
Figure 10. North America: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. North America Mineral Insulated Heating Cable Market Breakdown, by Cable Type (2019 and 2027)
Figure 12. North America Single Core: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 13. North America Twin Core: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 14. North America Mineral Insulated Heating Cable Market Breakdown, by Sheath Type (2019 and 2027)
Figure 15. North America Copper: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 16. North America Stainless Steel: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 17. North America Cupronickel: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 18. North America Others: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 19. North America Mineral Insulated Heating Cable Market Breakdown, by Temperature Range (2019 and 2027)
Figure 20. North America Less Than 200°C: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 21. North America 201 – 500°C: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 22. North America 501 – 700°C: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 23. North America Above 700°C: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 24. North America Mineral Insulated Heating Cable Market Breakdown, by End User (2019 and 2027)
Figure 25. North America Energy & Power: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 26. North America Oil & Gas: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 27. North America Construction: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 28. North America Pharmaceutical: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 29. North America Others: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 30. North America: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. North America: Mineral Insulated Heating Cable Market Revenue Share, by Cable Type (2019 and 2027)
Figure 32. North America: Mineral Insulated Heating Cable Market Revenue Share, by Sheath Type (2019 and 2027)
Figure 33. North America: Mineral Insulated Heating Cable Market Revenue Share, by Temperature Range (2019 and 2027)
Figure 34. North America: Mineral Insulated Heating Cable Market Revenue Share, by End User (2019 and 2027)
Figure 35. North America: Mineral Insulated Heating Cable Market Revenue Share, by Key Country (2019 and 2027)
Figure 36. US: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 37. Canada: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 38. Mexico: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 39. Impact of COVID-19 Pandemic in North American Country Markets
- Bartec
- BriskHeat
- Chromalox
- Eltherm GmbH
- Emerson Electric Co.
- Mineral Insulated Cable Company (MICC) Ltd.
- Thermocoax Group
- Thermon
- Valin
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