South 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), and End-user (Energy & Power, Oil & Gas, Construction, Pharmaceutical, and Others)
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. The mineral contents in the cables offer non-reactive insulation, which prevents the thermocouple wires from contact with corrosive substances such as oils and water. 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. Factors like surge in demand for energy and power projects and jump up in demand from construction field is expected to create a significant demand for mineral insulated heating cables in the coming years, which is further anticipated to drive the SAM mineral insulated heating cable market.
Furthermore, COVID-19 pandemic has adversely affected SAM, especially Brazil. The governments of various countries in SAM are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners affecting the SAM mineral insulated heating cable market. The sharp decline in the sales of electronic and semiconductor offerings has been observed due to lockdown. This is expected to directly impact the growth of the mineral insulated heating cable market in SAM in the next few financial quarters.
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Market Overview and Dynamics
The mineral insulated heating cable market in SAM is expected to grow from US$ 8.1 million in 2019 to US$ 10.5 million by 2027; it is estimated to grow at a CAGR of 3.7 % from 2020 to 2027. Growing energy requirement in SAM can create opportunity for market growth. The emerging requirement for energy in developing economies demands the need for power grid interconnections in densely populated areas, which, in turn, create a huge opportunity for manufacturers of mineral insulated heating cables. This increment in the energy needs in SAM has resulted in mounting investments in the development of smart grids, which is further driving the demand for mineral insulated heating cables. The progression in power generation from renewable energy sources is among the other factors expected to positively influence the demand for mineral insulated heating cables. Furthermore, environmental regulations that restrict the adoption of electrical cables, health implications due to the materials used in cable manufacturing, and rising safety concerns with the use of electrical installations have led to many innovations and new product development. Mineral insulated heating cable got several advantages such as less costing, sustainability, more safe etc. is expected to drive the growth of the SAM mineral insulated heating cable market.
Key Market Segments
In terms of sheath type, the copper segment accounted for the largest share of the SAM mineral insulated heating cable market in 2019. In terms of cable type, the single core segment held a larger market share of the SAM mineral insulated heating cable market in 2019. Further, the energy & power segment held a larger share of the SAM 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 SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bartec ; Chromalox, Inc.; Emerson Electric Co.; Thermon Group Holding, Inc. ; Valin.
Reasons to buy report
- To understand the SAM 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 SAM mineral insulated heating cable market
- Efficiently plan M&A and partnership deals in SAM 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 SAM mineral insulated heating cable market
- Obtain market revenue forecast for mineral insulated heating cable market by various segments from 2020-2027 in SAM region.
SAM Mineral Insulated Heating Cable Market Segmentation
SAM Mineral Insulated Heating Cable Market - By Cable Type
- Single Core
- Twin Core
SAM Mineral Insulated Heating Cable Market - By Sheath Type
- Copper
- Stainless Steel
- Cupronickel
- Others
SAM Mineral Insulated Heating Cable Market - By Temperature Range
- Less than 200°C
- 201-500°C
- 501 to 700°C
- Above 700°C
SAM Mineral Insulated Heating Cable Market - By End User
- Energy & Power
- Oil & Gas
- Construction
- Pharmaceutical
- Others
SAM Mineral Insulated Heating Cable Market - By Country
- Argentina
- Brazil
- Rest of SAM
SAM Mineral Insulated Heating Cable Market - Company Profiles
- Bartec
- Chromalox, Inc.
- Emerson Electric Co.
- Thermon Group Holdings, Inc.
- Valin
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Mineral Insulated Heating Cable Market – By Cable Type
1.3.2 SAM Mineral Insulated Heating Cable Market – By Sheath Type
1.3.3 SAM Mineral Insulated Heating Cable Market – By Temperature Range
1.3.4 SAM Mineral Insulated Heating Cable Market – By End User
1.3.5 SAM 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. SAM Mineral Insulated Heating Cable Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Mineral Insulated Heating Cable Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Energy & Power Projects
5.1.2 Jump Up in Demand from the Construction Field
5.2 Market Restraints
5.2.1 Worry Related to Moisture Damage
5.3 Market Opportunities
5.3.1 Growing Energy Requirement in SAM
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 – SAM Market Analysis
6.1 SAM Mineral Insulated Heating Cable Market Overview
6.2 SAM Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players
7. SAM Mineral Insulated Heating Cable Market Analysis By Cable Type
7.1 Overview
7.2 SAM 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. SAM Mineral Insulated Heating Cable Market Analysis By Sheath Type
8.1 Overview
8.2 SAM 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. SAM Mineral Insulated Heating Cable Market Analysis By Temperature Range
9.1 Overview
9.2 SAM 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. SAM Mineral Insulated Heating Cable Market Analysis By End User
10.1 Overview
10.2 SAM 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. SAM Mineral Insulated Heating Cable Market Country Analysis
11.1 Overview
11.1.1 SAM: Mineral Insulated Heating Cable Market, by Key Country
11.1.1.1 Brazil: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.1.1.1 Brazil: Mineral Insulated Heating Cable Market, by Cable Type
11.1.1.1.2 Brazil: Mineral Insulated Heating Cable Market, by Sheath Type
11.1.1.1.3 Brazil: Mineral Insulated Heating Cable Market, by Temperature Range
11.1.1.1.4 Brazil: Mineral Insulated Heating Cable Market, by End User
11.1.1.2 Argentina: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.1.2.1 Argentina: Mineral Insulated Heating Cable Market, by Cable Type
11.1.1.2.2 Argentina: Mineral Insulated Heating Cable Market, by Sheath Type
11.1.1.2.3 Argentina: Mineral Insulated Heating Cable Market, by Temperature Range
11.1.1.2.4 Argentina: Mineral Insulated Heating Cable Market, by End User
11.1.1.3 Rest of SAM: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.1.3.1 Rest of SAM: Mineral Insulated Heating Cable Market, by Cable Type
11.1.1.3.2 Rest of SAM: Mineral Insulated Heating Cable Market, by Sheath Type
11.1.1.3.3 Rest of SAM: Mineral Insulated Heating Cable Market, by Temperature Range
11.1.1.3.4 Rest of SAM: Mineral Insulated Heating Cable Market, by End User
12. Impact of COVID-19 Pandemic on SAM Mineral Insulated Heating Cable Market
12.1 Overview
13. 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 Chromalox, Inc.
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 Emerson Electric Co.
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 THERMON GROUP HOLDINGS, INC.
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 Valin
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
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. SAM Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. Brazil: Mineral Insulated Heating Cable Market, by Cable Type –Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil: Mineral Insulated Heating Cable Market, by Sheath Type –Revenue and Forecast to 2027 (US$ Million)
Table 4. Brazil: Mineral Insulated Heating Cable Market, by Temperature Range –Revenue and Forecast to 2027 (US$ Million)
Table 5. Brazil: Mineral Insulated Heating Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 6. Argentina: Mineral Insulated Heating Cable Market, by Cable Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. Argentina: Mineral Insulated Heating Cable Market, by Sheath Type –Revenue and Forecast to 2027 (US$ Million)
Table 8. Argentina: Mineral Insulated Heating Cable Market, by Temperature Range –Revenue and Forecast to 2027 (US$ Million)
Table 9. Argentina: Mineral Insulated Heating Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 10. Rest of SAM: Mineral Insulated Heating Cable Market, by Cable Type –Revenue and Forecast to 2027 (US$ Million)
Table 11. Rest of SAM: Mineral Insulated Heating Cable Market, by Sheath Type –Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of SAM: Mineral Insulated Heating Cable Market, by Temperature Range –Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of SAM: Mineral Insulated Heating Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Mineral Insulated Heating Cable Market Segmentation
Figure 2. SAM Mineral Insulated Heating Cable Market Segmentation – By Country
Figure 3. SAM Mineral Insulated Heating Cable Market Overview
Figure 4. SAM Mineral Insulated Heating Cable Market –Country Analysis
Figure 5. SAM Mineral Insulated Heating Cable Market – Cable Type
Figure 6. SAM Mineral Insulated Heating Cable Market – Sheath Type
Figure 7. SAM: PEST Analysis
Figure 8. SAM Mineral Insulated Heating Cable Market – Ecosystem Analysis
Figure 9. SAM Mineral Insulated Heating Cable Market: Impact Analysis of Drivers and Restraints
Figure 10. SAM: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. SAM Mineral Insulated Heating Cable Market Breakdown, by Cable Type (2019 and 2027)
Figure 12. SAM Single Core: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 13. SAM Twin Core: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 14. SAM Mineral Insulated Heating Cable Market Breakdown, by Sheath Type (2019 and 2027)
Figure 15. SAM Copper: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 16. SAM Stainless Steel: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 17. SAM Cupronickel: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 18. SAM Others: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 19. SAM Mineral Insulated Heating Cable Market Breakdown, by Temperature Range (2019 and 2027)
Figure 20. SAM Less Than 200°C: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 21. SAM 201 – 500°C: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 22. SAM 501 – 700°C: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 23. SAM Above 700°C: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 24. SAM Mineral Insulated Heating Cable Market Breakdown, by End User (2019 and 2027)
Figure 25. SAM Energy & Power: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 26. SAM Oil & Gas: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 27. SAM Construction: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 28. SAM Pharmaceutical: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 29. SAM Others: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2027(US$ Million)
Figure 30. SAM: Mineral Insulated Heating Cable Market Revenue Share, by Key Country (2019 and 2027)
Figure 31. Brazil: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 32. Argentina: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 33. Rest of SAM: Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic on SAM Market
- Bartec
- Chromalox, Inc.
- Emerson Electric Co.
- Thermon Group Holdings, Inc.
- Valin
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