South America Mineral Insulated Heating Cable Market Growth and Recent Trends by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027South 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), and End-user (Energy & Power, Oil & Gas, Construction, Pharmaceutical, and Others)
- Report Date : Oct 2020
- Report Code : TIPRE00015451
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 104
The mineral insulated heating cable market in SAM is expected to grow from US$ 8.1 million in 2019 to US$ 10.5 million by 2027; it is estimated to grow at a CAGR of 3.7 % from 2020 to 2027.
The Argentina and Brazil are major economies in SAM. Growing demand for energy & power projects is expected to create impact on mineral insulated heating cable market growth. The surge in industrialization has led to urbanization, resulting in rapid increase in energy consumption. To meet the growing need for power, the establishment of intrastate transmission and sub-transmission networks is on the rise. The demand for energy and power is set to increase owing to growing household incomes and increasing manufacturing and heavy industries which is expected to escalate the mineral insulated heating cable market growth in MEA. Growth in the energy & power sector increases the demand for power transmission projects across the SAM, which requires mineral insulated high-temperature electric heating cables to power network and offer the most reliable solutions for temperatures of up to 1,000°C. The growth in electrical infrastructure projects in SAM is driving the use of mineral insulated heating cable among several energy & power projects. Thus, the growth in the demand for energy & power projects is expected to create a significant demand for mineral insulated heating cables in the coming years, which is further anticipated to drive the mineral insulated heating cable market in SAM.
Moreover, in case of COVID-19, SAM region is highly affected specially Brazil, as well as the governments of various countries in SAM are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. The sharp decline in the sales of electronic and semiconductor industry in the region due to lockdown, measures is expected to directly impact the growth of mineral insulated heating cable market in this region. The sharp decline in business activities and product sales are expected to directly affect the growth rate of mineral insulated heating cable market in this region for the next three to four quarters.
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 SAM mineral insulated heating cables market. The SAM mineral insulated heating cables market is expected to grow at a good CAGR during the forecast period.
SAM Mineral Insulated Heating Cable Market
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Mineral Insulated Heating Cable Market Segmentation
SAM Mineral Insulated Heating Cable Market – By Cable Type
- Single Core
- Twin Core
SAM Mineral Insulated Heating Cable Market – By Sheath Type
- Copper
- Stainless Steel
- Cupronickel
- Others
SAM Mineral Insulated Heating Cable Market – By Temperature Range
- Less than 200°C
- 201-500°C
- 501 to 700°C
- Above 700°C
SAM Mineral Insulated Heating Cable Market – By End User
- Energy & Power
- Oil & Gas
- Construction
- Pharmaceutical
- Others
SAM Mineral Insulated Heating Cable Market, by Country
- Argentina
- Brazil
- Rest of SAM
SAM Mineral Insulated Heating Cable Market-Companies Mentioned
- Bartec
- Chromalox, Inc.
- Emerson Electric Co.
- Thermon Group Holdings, Inc.
- Valin
South America Mineral Insulated Heating Cable Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 8.1 Million |
| Market Size by 2027 | US$ 10.5 Million |
| Global CAGR (2020 - 2027) | 3.7 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Cable Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
Market Research & Consulting
- 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
- Chromalox, Inc.
- Emerson Electric Co.
- Thermon Group Holdings, Inc.
- Valin
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