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
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
- 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
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- Bartec
- BriskHeat
- Chromalox
- Eltherm GmbH
- Emerson Electric Co.
- Mineral Insulated Cable Company (MICC) Ltd.
- Thermocoax Group
- Thermon


