North America Mineral Insulated Heating Cable Market Key Companies and SWOT Analysis by 2027

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

North 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); End-user (Energy & Power, Oil & Gas, Construction, Pharmaceutical, and Others) and Country

Report Date : Aug 2020
Report Code : TIPRE00013351

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 96

Page Updated: Oct 2020

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

The mineral insulated heating cable market in North America is expected to grow from US$ 114.9 Mn in 2019 to US$ 140.4 Mn by 2027; it is estimated to grow at a CAGR of 2.8% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America. The construction industry recently gained momentum after weak growth over the past few years. The governments of various economies are taking several measures to attract private investments in construction and infrastructure development. The regional government works toward attracting huge FDIs in infrastructure and construction activities in the country. Commercial buildings are growing at an unprecedented rate owing to which mineral insulated heating cables are widely used in the construction industry to fulfill requirements for pipe freezing protection and maintain constant wattage, as well as keep the environment safe. The growing population across the region and growing living standard is also bolstering the growth of the construction industry. Thus, the growth in the construction sector is expected to create a significant demand for mineral insulated heating cables in the coming years, which is further anticipated to drive the market in North America.

Moreover, North America is one of the most important region for the adoption and growth of new technologies owing to favorable government policies to boost innovation, presence of huge industrial base, and high purchasing power especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. The US is a home to a large number of manufacturing and technology companies and thus the impact of coronavirus outbreak is anticipated to be highest on country’s economy. The ongoing crisis and situation in the US is going to impact the North America mineral insulated heating cable market growth in a negative manner, with US being one of the important markets for mineral insulated heating cable growth. The factory and business shutdowns across the US, Canada and Mexico are impacting the adoption of mineral insulated heating cable market. 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 North America mineral insulated heating cables market is expected to grow at a good CAGR during the forecast period.

North America Mineral Insulated Heating Cable Market Segmentation

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

North America Mineral Insulated Heating Cable Market – By Cable Type

Single Core
Twin Core

North America Mineral Insulated Heating Cable Market – By Sheath Type

Copper
Stainless Steel
Cupronickel
Others

North America Mineral Insulated Heating Cable Market – By Temperature Range

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

North America Mineral Insulated Heating Cable Market – By End User

Energy & Power
Oil & Gas
Construction
Pharmaceutical
Others

North America Mineral Insulated Heating Cable Market, by Country

US
Canada
Mexico

North America Mineral Insulated Heating Cable Market-Companies Mentioned

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

North America Mineral Insulated Heating Cable Report Scope

Report Attribute	Details
Market size in 2019	US$ 114.9 Million
Market Size by 2027	US$ 140.4 Million
Global CAGR (2020 - 2027)	2.8%
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	North America US Canada Mexico
Market leaders and key company profiles	Bartec BriskHeat Chromalox Eltherm GmbH Emerson Electric Co. Mineral Insulated Cable Company (MICC) Ltd. Thermocoax Group Thermon Valin

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 North America 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

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