Mineral Insulated Heating Cable Market : Understanding the Competitive Edge for Development of Energy & Power Generation industry

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. The cable is verified using the National Institute of Standards and Technology (NIST) standards.

The energy & power generation industry witnesses tremendous growth across the world; also, various construction and electrical projects are in line, especially in the Southeast Asian countries. Thus, the mineral insulated heating cables offer future growth opportunities for market players operating in the global market as the need for higher electricity generation and better-conducting channels are increasing in several industries. The positive growth prospects of the mineral insulated heating cable market are primarily attributed to the mineral insulated heating manufacturers introducing new products. For instance, BriskHeat announced a launch of mineral insulated heating cable, which can reach high temperatures where traditional heat trace cable might fall short. It is ideal for a broad range of surface and radiant heating applications. It is certified by the ATmosphere EXplosible (ATEX) and safe for use in harsh environments.

MINERAL INSULATED CABLE COMPANY (MICC) LTD, CHROMALOX, THERMON, RAYCHEM RPG PRIVATE LIMITED, and BARTEC– PROMINENT MARKET PARTICIPANTS IN MINERAL INSULATED HEATING CABLE MARKET

The mineral insulated heating cable market is segmented into cable type, sheath type, temperature range, end user, and geography. Based on cable type, the market is further segmented into single core and twin core. Based on sheath type, the market is sub segmented into copper, stainless steel, cupronickel, and others. Based on temperature range, the market is further categorized into in less than 200°C, 201–500°C, 501–700°C, and above 700°C. Based on end user, the market is further bifurcated into energy & power, oil & gas, construction, pharmaceutical, and others. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).

The key mineral insulated heating cable market players profiled in this research study include Bartec; Raychem RPG Private Limited; BriskHeat; Chromalox; Eltherm GmbH; Emerson Electric Co.; Mineral Insulated Cable Company (MICC) Ltd.; Thermocoax Group; Thermon; and Valin.

Most of the market initiatives were observed in North America region, which have a high potential of mineral insulated heating cable providers. Few of the important market initiatives and product developments from the industry are mentioned below:

Year News Country
2020 Thermon announced USX Electric Heat Trace, which provides thermal performance, reliability and safety for process maintenance as well as critical freeze protection applications. North America
2017 BriskHeat announced the launch of new mineral insulated heating cable which is ideal for a wide range of surface and radiant heating applications. North America

 

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