US Mineral Insulated Heating Cable Market Forecast to 2028 - COVID-19 Impact and Country 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, 501–700°C, and Above 700°C); and End User (Energy and Power, Oil and Gas, Construction, Pharmaceuticals, and Others)
Market Introduction
Mineral insulated heating cables are widely adopted across various industries for several applications. In 1991, the national standards for cables and terminals announced that the implementation of mineral insulated heating cables of 750V and below is being approved across many departments to deal efficiently with various electrical design specifications issues. A few prominent features of mineral insulated heating cables are:
- It can withstand high operating temperature
- It has high fire resistance as it is made of copper and magnesium oxide
- It is highly explosion-proof as it consists of extremely compact insulating material
- As inorganic material is used in the manufacturing of mineral insulated cable, it exhibits long service life.
- It is waterproof and has high mechanical strength, high current carrying capacity, and good grounding resistance.
In the construction industry, moisture can easily affect cable joints that can cause a short circuit and other electrical faults. Therefore, mineral insulated heating cable is used in the industry. The cables are also deployed in rail transit tunnel; fire protection system; high-rise buildings for emergency lighting, general lighting, electrical fire circuit, and fire alarm; ships and warships; and aerospace for general lighting, emergency lighting, and computer room control circuit. A few of the other high temperature applications where the integration of MI cable is increasing are container heating systems, heating systems for hoppers, floodgate heating, heating for conveyor spirals, heating for mixers, vessel heaters, can heaters, special furnaces for red heat, special furnaces for temper processes, casting processes, heating of shapes, preheating of welding, sinter metals, and melting pots. Therefore, the growing applications of mineral insulated heating cables owing to its features are anticipated to bolster its market growth during the forecast period.
Market Overview and Dynamics
The key stakeholders in the US mineral insulated heating cable market are raw material providers, mineral insulated heating cable manufacturers, cabling system integrators, and end users. The demand for mineral insulated heating cable is high owing to growing energy & power projects and rising government regulations. The increasing R&D initiatives by various companies are further complementing the growth of the mineral insulated heating cable market. In the market ecosystem, raw material providers offer various materials, such as copper and stainless steel, for cable to mineral insulated heating cable manufacturers. Copper and stainless steel are the most durable metallic materials, which have the ability to withstand harsh environmental conditions. The manufacturer offers various types of mineral insulated heating cable to its customers, such as single core and twin core. The manufacturers are highly focused on expanding its customer base by offering innovative mineral insulated heating cables. The cable system integrator installs the cables in various fields. The end users of the mineral insulated heating cable market procure these types of equipment directly from the manufacturers. The end users in the market include oil & gas, energy & power, construction, pharmaceutical, and other industries. The key stakeholders in the US mineral insulated heating cable market are raw material providers, mineral insulated heating cable manufacturers, cabling system integrators, and end users. The demand for mineral insulated heating cable is high owing to growing energy & power projects and rising government regulations. The increasing R&D initiatives by various companies are further complementing the growth of the mineral insulated heating cable market. In the market ecosystem, raw material providers offer various materials, such as copper and stainless steel, for cable to mineral insulated heating cable manufacturers. Copper and stainless steel are the most durable metallic materials, which have the ability to withstand harsh environmental conditions. The manufacturer offers various types of mineral insulated heating cable to its customers, such as single core and twin core. The manufacturers are highly focused on expanding its customer base by offering innovative mineral insulated heating cables. The cable system integrator installs the cables in various fields. The end users of the mineral insulated heating cable market procure these types of equipment directly from the manufacturers. The end users in the market include oil & gas, energy & power, construction, pharmaceutical, and other industries.
Key Market Segments
In terms of sheath type, the copper segment accounted for the largest share of the US mineral insulated heating cable market in 2020. In terms of end-user, the energy & gas segment held a larger market share of the US mineral insulated heating cable market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the US mineral insulated heating cable market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ARi Industries, Inc.; Raychem RPG Private Limited; BriskHeat; Chromalox; Eltherm GmbH; Emerson Electric Co.; Durex Industries; Indeeco; Trasor Corp.; Thermocoax Group; Thermon; and Valin.
Reasons to buy report
- To understand the US 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 US mineral insulated heating cable market
- Efficiently plan M&A and partnership deals in US 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 US mineral insulated heating cable market
- Obtain market revenue forecast for market by various segments from 2021-2028 in US.
US Mineral Insulated Heating Cable Market Segmentation
US Mineral Insulated Heating Cable Market – By Cable Type
- Single Core
- Twin Core
US Mineral Insulated Heating Cable Market – By Sheath Type
- Copper
- Stainless Steel
- Cupronickel
- Others
US Mineral Insulated Heating Cable Market – By Temperature Range
- Less than 200°C
- 201–500°C
- 501–700°C
- Above 700°C Stainless Steel
US Mineral Insulated Heating Cable Market – By End-User
- Energy and Power
- Oil and Gas
- Construction
- Pharmaceuticals
- Others
US Mineral Insulated Heating Cable Market - Company Profiles
- Indeeco
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. US Mineral Insulated Heating Cable Market Landscape
4.1 US PEST Analysis
4.2 Ecosystem Analysis
4.3 Expert Opinion
5. US Mineral Insulated Heating Cable Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Energy & Power Projects
5.1.2 Rising Demand from Construction Sector
5.2 Market Restraints
5.2.1 Concern Related to Moisture Damage
5.3 Market Opportunities
5.3.1 Growing Investments in Oil & Gas Industry
5.4 Future Trends
5.4.1 Increasing Applications of Mineral Insulated Cables
5.5 Impact Analysis of Drivers and Restraints
6. Mineral Insulated Heating Cable – US Market Analysis
6.1 US Mineral Insulated Heating Cable Market Overview
6.2 US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
6.3 Market Positioning – US Market Players Ranking
7. US Mineral Insulated Heating Cable Market Analysis By Cable Type
7.1 Overview
7.2 US Mineral Insulated Heating Cable Market, By Cable Type (2020 and 2028)
7.3 Single Core
7.3.1 Overview
7.3.2 Single Core: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
7.4 Twin Core
7.4.1 Overview
7.4.2 Twin Core: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
8. US Mineral Insulated Heating Cable Market Analysis By Sheath Type
8.1 Overview
8.2 US Mineral Insulated Heating Cable Market, By Sheath Type (2020 and 2028)
8.3 Copper
8.3.1 Overview
8.3.2 Copper: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
8.4 Stainless Steel
8.4.1 Overview
8.4.2 Stainless Steel: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
8.5 Cupronikel
8.5.1 Overview
8.5.2 Cupronikel: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
9. US Mineral Insulated Heating Cable Market Analysis By Temperature Range
9.1 Overview
9.2 US Mineral Insulated Heating Cable Market, By Temperature Range (2020 and 2028)
9.3 Less Than 200°C
9.3.1 Overview
9.3.2 Less Than 200°C: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
9.4 201–500°C
9.4.1 Overview
9.4.2 201–500°C: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
9.5 501–700°C
9.5.1 Overview
9.5.2 501–700°C: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
9.6 Above 700°C
9.6.1 Overview
9.6.2 Above 700°C: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
10. US Mineral Insulated Heating Cable Market Analysis By End-User
10.1 Overview
10.2 US Mineral Insulated Heating Cable Market, By End-User (2020 and 2028)
10.3 Energy & Power
10.3.1 Overview
10.3.2 Energy & Power: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
10.4 Oil & Gas
10.4.1 Overview
10.4.2 Oil & Gas: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
10.5 Construction
10.5.1 Overview
10.5.2 Construction: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
10.6 Pharmaceuticals
10.6.1 Overview
10.6.2 Pharmaceuticals: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
10.7 Others
10.7.1 Overview
10.7.2 Others: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
11. US Mineral Insulated Heating Cable Market- COVID-19 Impact Analysis
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Company Profiles
13.1 ARi Industries, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.1.7 Key Developments
13.2 Durex Industries
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Indeeco
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Briskheat Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Chromalox, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Emerson Electric Co.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Raychem RPG Pvt Limited
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Thermon Industries, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Trasor Corp.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Valin
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Table 2. List of Abbreviation
LIST OF FIGURES
Figure 1. US Mineral Insulated Heating Cable Market Segmentation
Figure 2. US Mineral Insulated Heating Cable Market Overview
Figure 3. Single Core Type to Dominate the US Mineral Insulated Heating Cable Market, By Cable Type
Figure 4. Copper Type to Dominate the US Mineral Insulated Heating Cable Market, By Sheath Type
Figure 5. Energy & Power to Dominate the US Mineral Insulated Heating Cable Market, By End-User
Figure 6. US – PEST Analysis
Figure 7. US Mineral Insulated Heating Cable Market – Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. US Mineral Insulated Heating Cable Market Impact Analysis of Drivers and Restraints
Figure 10. US: Mineral Insulated Heating Cable Market – Revenue and Forecast to 2028 (USD Million)
Figure 11. US Mineral Insulated Heating Cable Market Revenue Share, by Cable Type (2020 and 2028)
Figure 12. Single Core: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 13. Twin Core: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 14. US Mineral Insulated Heating Cable Market Revenue Share, by Sheath Type (2020 and 2028)
Figure 15. Copper: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 16. Stainless Steel: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 17. Cupronikel: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 18. Others: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 19. US Mineral Insulated Heating Cable Market Revenue Share, by Temperature Range (2020 and 2028)
Figure 20. Less Than 200°C: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 21. 201–500°C: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 22. 501–700°C: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 23. Above 700°C: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 24. US Mineral Insulated Heating Cable Market Revenue Share, by End-User (2020 and 2028)
Figure 25. Energy & Power: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 26. Oil & Gas: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 27. Construction: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 28. Pharmaceuticals: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 29. Others: US Mineral Insulated Heating Cable Market – Revenue, and Forecast to 2028 (USD Million)
Figure 30. Impact of COVID-19 Pandemic on US Mineral Insulated Heating Cable Market
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US Mineral Insulated Heating Cable Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in US Mineral Insulated Heating Cable Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth US market trends and outlook coupled with the factors driving the US Mineral Insulated Heating Cable Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution