Europe Mineral Insulated Heating Cable Market Size and Competitive Analysis by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Europe 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, 501-700°C, and Above 700°C), End-User (Energy & Power, Oil & Gas, Construction, Pharmaceutical, and Others), and Country

Report Date : Aug 2020
Report Code : TIPRE00013352

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 103

Page Updated: Oct 2020

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The mineral insulated heating cable market in Europe is expected to grow from US$ 63.99 Mn in 2019 to US$ 89.98 Mn by 2027; it is estimated to grow at a CAGR of 4.7% from 2020 to 2027.

Europe comprises developing economies such as Germany, Russia, France, the UK, and Italy. The western part of Europe is known for better standards of living, with people exhibiting higher income levels. Construction, oil & gas, and chemicals are the major industries in Europe. The region has led the development of the industrial revolution; this revolution has transformed a broad range of industries ranging from oil & gas to manufacturing to power generation. In context to power generation, the region is highly focused on building several renewable energy projects for reducing energy costs. For instance, Renewable Energy Integration Project (REIP), Turkey, enables the development and reinforcement of transmission infrastructure to assist the integration of wind power plants into the power grid, execution of smart-grid investments to enhance operations and management, and installation of submarine power cables with other areas within the country, which is further anticipated to drive the market in Europe.

Additionally, businesses in the region are facing severe economic difficulties as they either had to suspend their operations or reduce their activities in a substantial manner. The region is a major manufacturing and industrial hub for sectors such as construction sector. Hence, due to business lockdowns, travel bans, and supply chain disruptions, the region is anticipated to an economic slowdown in 2020 and most likely in 2021 also. Due to COVID-19, the electronics and telecommunications industry is also witnessing a slowdown as the European cables manufacturers rely on China-based suppliers for providing raw material and other components has seen a sharp decline in European countries is expected to be under stress in 2020 and it will require time to stabilize. All these factors are expected to have a direct impact on mineral insulated heating cable market growth in European countries. Italy, Spain, Germany, UK, and France mineral insulated heating cable markets are anticipated to see the worst impact in 2020 and likely in 2021 also. With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the mineral insulated heating cables market. The Europe mineral insulated heating cables market is expected to grow at a good CAGR during the forecast period.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Europe Mineral Insulated Heating Cable Market Segmentation

Europe Mineral Insulated Heating Cable Market – By Cable Type

Single Core
Twin Core

Europe Mineral Insulated Heating Cable Market – By Sheath Type

Copper
Stainless Steel
Cupronickel
Others

Europe Mineral Insulated Heating Cable Market – By Temperature Range

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

Europe Mineral Insulated Heating Cable Market – By End User

Energy & Power
Oil & Gas
Construction
Pharmaceutical
Others

Europe Mineral Insulated Heating Cable Market, by Country

France
Germany
Italy
UK
Russia
Rest of Europe

Europe Mineral Insulated Heating Cable Market-Companies Mentioned

Bartec
BriskHeat
Chromalox
Eltherm GmbH
Emerson Electric Co.
Mineral Insulated Cable Company (MICC) Ltd.
Thermocoax Group
Thermon

Europe Mineral Insulated Heating Cable Report Scope

Report Attribute	Details
Market size in 2019	US$ 63.99 Million
Market Size by 2027	US$ 89.98 Million
Global CAGR (2020 - 2027)	4.7%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Cable Type Single Core and Twin Core By Sheath Type Copper Stainless Steel Cupronickel By Temperature Range Less than 200 By End-User Energy & Power Oil & Gas Construction Pharmaceutical
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	Bartec BriskHeat Chromalox Eltherm GmbH Emerson Electric Co. Mineral Insulated Cable Company (MICC) Ltd. Thermocoax Group Thermon

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Europe Mineral Insulated Heating Cable Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Recent Reports

Testimonials

I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.

The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

YUKIHIKO ADACHI CEO, Deep Blue, LLC.

We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.

PIYUSH NAGPAL Sr. Vice President, High Beam Global

I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.

Jean-Herve Jenn Chairman, Future Analytica

This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.

John Suzuki President and Chief Executive Officer, Board Director, BK Technologies

The Insight Partners' SCADA System Market report is comprehensive, with valuable insights on current trends and future forecasts. The team was highly professional, responsive, and supportive throughout. We are very satisfied and highly recommend their services.

Ran Kedem Partner, Reali Technologies LTDs

Reason to Buy