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Mineral Insulated Cable Market By Cladding Material (Copper Cladding, Stainless Steel Cladding), By End-Use (Manufacturing & Processing, Construction (Residential & Commercial), Power Plants, Oil & Gas Rigs) – Growth, Future Prospects And Competitive Analysis 2017 – 2025

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Published: | Report ID: 8620 | Category: Semiconductor & Electronics

Market Insights

Electricity supply has become a lifeline for modern-day living as well as the industrial sector. Almost every operation in industrial manufacturing and processing, construction, power generation, and many other fields cannot be executed without a safe and uninterrupted supply of electricity. Different methods are used in nascent times to generate electricity, which includes thermal power plants, hydroelectric power plants, non-conventional methods for generating power, and nuclear power plants. However, one of the major concerns for the electricity network is maintaining the electric cables in hostile conditions such as high temperatures, electromagnetic interference, ionizing radiation, moisture, oxidation, and others. Normal electric conductor cable is incapable of sustaining the aforesaid conditions. Consequently, mineral-insulated cables are being increasingly preferred over conventional cables so as to overcome the aforementioned issues.

Mineral-insulated cable has a copper conductor and is sheathed in either copper or stainless steel. The intervening space between the conductor and the sheath is filled with magnesium oxide, which acts as an insulator for the conductor. Magnesium oxide restricts any kind of foreign intervention with copper conductors. Thus, any kind of oxidation, electric or thermal conduction, or radiation interference is avoided, thereby ensuring the optimum efficiency of these cables.

The rise in power generation capacity is the most significant factor fueling the adoption of mineral-insulated cables. Because of their strong protective insulated sheet, these cables can withstand high electrical loads. This ensures that electricity flows smoothly with little risk of short-circuiting or catching fire. Consequently, mineral-insulated cables are extensively used in the electricity supply network in nuclear power plants as well as industrial manufacturing and processing sectors. Apart from these, mineral-insulated cables are also used in other applications, such as fire protection equipment, oil and gas rigs, construction, and several others.

The report titled “Mineral Insulated Cable Market: Growth, Future Prospects, and Competitive Landscape, 2017–2025” offers strategic insights into the global mineral insulated cable market with a focus on the market’s size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on cladding material, end-use, and cross-sectional studies across different geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading mineral-insulated cable manufacturers, their business strategies, market positioning, and key developments. Some of the major players profiled in the report are Ari Industries, Nexans S.A., KME Group, Watlow Electric Manufacturing Co., Raychem HTS, Temperature Technology Ltd., Sumitomo Group, The Emerson Electric Company, Zhejiang Tatsuo Technology Co., Ltd., Arthur J. Hurley Company, Inc., Mil GmbH, M.I. Cable Technologies, Inc., OMEGA Engineering, Inc., Trasor Corporation, and others.

Other in-depth analysis provided in the report includes:

  • current and future market trends to justify the forthcoming attractive markets within the mineral-insulated cable
  • Market drivers, market restraints, and their impacts on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global mineral-insulated cable market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global mineral-insulated cable market is segmented, based on the cladding material of the cable, into the following categories:

  • Copper
  • Stainless Steel
  • Others (Inconel, Nickel Alloy)

Copper and stainless steel are the two prime materials that are predominantly used for the cladding of mineral-insulating cables. In addition, other materials such as nickel, tantalum, platinum, and Inconel can also be used for cladding, depending on the end-use application. As of 2016, mineral-insulated cable with copper cladding leads the overall mineral-insulated cable market. Owing to a large number of merits, such as easy availability, reliability, thermal conductivity, moisture resistance, and cost-effectiveness, copper remains the preferred material for insulated cables. Additionally, copper cladding aids in preventing electromagnetic interference and ionizing radiation from nuclear power plants. Finding its utility in a variety of applications such as power plants, fire equipment, and construction, the demand for copper-clad mineral-insulated cable is expected to escalate even further in the coming years.

Mineral-insulated cable with stainless steel cladding succeeds copper cladding as of 2016 and is expected to retain its position in the coming years. Stainless steel cladding is used in applications with a moist or damp environment. Due to its good resistance to corrosion as well as its durability, the stainless steel-clad, mineral-insulated cable is preferred in such locations.

The global mineral insulated cable market is segmented, based on end-use application, into the following categories:

  • Manufacturing and Processing
  • Construction (Residential, Commercial)
  • Power plants
  • Oil and Gas
  • Other (Medical Devices, Measurement Devices, Aerospace)

Mineral-insulated cables have found a wide range of applications across different sectors. Based on the end-use segment, manufacturing, and processing, it exhibited strong growth in terms of revenue as of 2016. Mineral-insulated cables are used in kilns, furnaces, heat treatment equipment, and processing industries where the cable is required to operate in a high temperature and harsh environment. Food processing industries and chemical industries extensively use mineral-insulated cables for electricity supply. The segment would continue to dominate the market throughout the forecast period due to steady growth in the manufacturing and processing industries.

In terms of revenue in the mineral-insulated market, the construction segment in residential and commercial applications surpassed the manufacturing and processing segment in 2016. Mineral-insulated cables are used for devices such as smoke detectors, fire sprinkler systems, generator cables, and cables for elevators and escalators in both residential and commercial infrastructures. Capable of handling both single-phase and three-phase supplies, the mineral-insulated cable is applied broadly in many areas of the construction and commissioning of infrastructure.

The power plant segment for overall mineral-insulated cables is expected to be the fastest-growing throughout the forecast. Mineral-insulated cables are immune to any kind of electromagnetic interference as well as ionizing radiation in the supply. Consequently, these cables are extensively used in nuclear power plants and nuclear physics instruments. With the persistent growth in power generation and utilization of mineral-insulated cables for power conduction, the demand for cables is expected to rise dramatically.

The global mineral-insulated cable market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

As of 2016, Asia Pacific contributed a major share of the global mineral-insulated cable market. Asia Pacific has a major concentration of manufacturing and processing, specifically in countries such as Japan, China, South Korea, and India. Growing industries and increasing demand for power have resulted in increased consumption of mineral-insulated cables. Consequently, the mineral-insulated cable market exhibits a consistent high in Asia Pacific. Another factor boosting the sales of mineral-insulated cables is the presence of a larger number of thermal and nuclear power plants in Asia and the Pacific. Mineral-insulated cable is used in thermal and nuclear power plants due to its dependability and ability to withstand harsh working conditions. This has led to a holistic utilization of mineral-insulated cables, thus uplifting the overall market considerably in the Asia Pacific.

In terms of revenue, the European mineral-insulated cable market surpasses Asia-Pacific. The demand for mineral-insulated cables is largely governed by countries with a huge industrial sector, such as the U.K., Germany, France, and other Western European countries. A strong industrial presence has created a demand for a reliable and rugged medium for conducting electricity. The overall growth of the mineral-insulated cable market is expected to be consistent due to the increase in demand for cables for power plants and industries.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
1.3.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Mineral Insulated Cable Market
2.2 Global Mineral Insulated Cable Market, By Cladding Material
2.3 Global Mineral Insulated Cable Market, By End-Use
2.4 Global Mineral Insulated Cable Market, By Geography

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Mineral Insulated Cable Market Revenue and Growth, 2015 – 2025, (US$ Mn) (Y-o-Y %)
3.2 Key Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Opportunities
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers and Restraints
3.7 Competitive Landscape
3.7.1 Market Positioning of Key Mineral Insulated Cable Manufacturers

Chapter 4 Mineral Insulated Cable Market Analysis, by Cladding Material
4.1 Overview
4.2 Copper Cladding
4.2.1 Global Copper Cladding Mineral Insulated Cable Market Revenue, 2015 – 2025, (US$ Mn)
4.3 Stainless Steel Cladding
4.3.1 Global Stainless Steel Cladding Mineral Insulated Cable Market Revenue, 2015 – 2025, (US$ Mn)
4.4 Other Materials Cladding
4.4.1 Global Other Materials Cladding Mineral Insulated Cable Market Revenue, 2015 – 2025, (US$ Mn)

Chapter 5 Mineral Insulated Cable Market Analysis, by End-Use
5.1 Overview
5.2 Manufacturing & Processing
5.2.1 Global Mineral Insulated Cable for Manufacturing & Processing Market Revenue, 2015 – 2025, (US$ Mn)
5.3 Construction (Residential & Commercial)
5.3.1 Global Mineral Insulated Cable Market for Construction (Residential & Commercial) Revenue, 2015 – 2025, (US$ Mn)
5.4 Power Plants
5.4.1 Global Mineral Insulated Cable Market Revenue for Power Plants, 2015 – 2025, (US$ Mn)
5.5 Oil & Gas Rigs
5.5.1 Global Mineral Insulated Cable Market Revenue for Oil & Gas Rigs, 2015 – 2025, (US$ Mn)
5.6 Other (Medical Devices, Measurement Devices & Aerospace)
5.6.1 Global Mineral Insulated Cable Market Revenue for Other (Medical Devices, Measurement Devices & Aerospace), 2015 – 2025, (US$ Mn)

Chapter 6 North America Mineral Insulated Cable Market Analysis
6.1 Overview
6.1.1 North America Mineral Insulated Cable Market Revenue and Growth, 2015 – 2025, (US$ Mn)
6.2 North America Mineral Insulated Cable Market Analysis, By Cladding Material, 2015 – 2025 (US$ Mn)
6.2.1 Comparative Analysis
6.3 North America Mineral Insulated Cable Market Analysis, By End-Use, 2015 – 2025 (US$ Mn)
6.3.1 Comparative Analysis
6.4 North America Mineral Insulated Cable Market Analysis, By Region, 2015 – 2025 (US$ Mn)
6.4.1 Comparative Analysis

Chapter 7 Europe Mineral Insulated Cable Market Analysis
7.1 Overview
7.1.1 Europe Mineral Insulated Cable Market Revenue and Growth, 2015 – 2025, (US$ Mn) (Y-o-Y %)
7.2 Europe Mineral Insulated Cable Market Analysis, By Cladding Material, 2015 – 2025 (US$ Mn)
7.2.1 Comparative Analysis
7.3 Europe Mineral Insulated Cable Market Analysis, By End-Use, 2015 – 2025 (US$ Mn)
7.3.1 Comparative Analysis
7.4 Europe Mineral Insulated Cable Market Analysis, By Region, 2015 – 2025 (US$ Mn)
7.4.1 Comparative Analysis

Chapter 8 Asia Pacific Mineral Insulated Cable Market Analysis
8.1 Overview
8.1.1 Asia Pacific Mineral Insulated Cable Market Revenue and Growth, 2015 – 2025, (US$ Mn)
8.2 Asia Pacific Mineral Insulated Cable Market Analysis, By Cladding Material, 2015 – 2025 (US$ Mn)
8.2.1 Comparative Analysis
8.3 Asia Pacific Mineral Insulated Cable Market Analysis, By End-Use, 2015 – 2025 (US$ Mn)
8.3.1 Comparative Analysis
8.4 Asia Pacific Mineral Insulated Cable Market Analysis, By Region, 2015 – 2025 (US$ Mn)
8.4.1 Comparative Analysis

Chapter 9 Rest of the World (RoW) Mineral Insulated Cable Market Analysis
9.1 Overview
9.1.1 Rest of the World (RoW) Mineral Insulated Cable Market Revenue and Growth, 2015 – 2025, (US$ Mn)
9.2 Rest of the World (RoW)Mineral Insulated Cable Market Analysis, By Cladding Material, 2015 – 2025 (US$ Mn)
9.2.1 Comparative Analysis
9.3 Rest of the World (RoW)Mineral Insulated Cable Market Analysis, By End-Use, 2015 – 2025 (US$ Mn)
9.3.1 Comparative Analysis
9.4 Rest of the World (RoW) Mineral Insulated Cable Market Analysis, By Region, 2015 – 2025 (US$ Mn)
9.4.1 Comparative Analysis

Chapter 10 Company Profiles
10.1 Ari Industries
10.1.1 Ari Industries: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
10.2 Nexans S.A.
11.2.1 Nexans S.A.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
10.3 KME Group
11.3.1 KME Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
10.4 Watlow Electric Manufacturing Co.
10.4.1 Watlow Electric Manufacturing Co.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
10.5 Raychem HTS
10.5.1 Raychem HTS: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
10.6 Temperature Technology Ltd.
10.6.1 Temperature Technology Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
10.7 Sumitomo Group
10.7.1 Sumitomo Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
10.8 The Emerson Electric Company
10.8.1 The Emerson Electric Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
10.9 Zhejiang Taisuo Technology Co. Ltd.
10.9.1 Zhejiang Taisuo Technology Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
10.10 Arthur J. Hurley Company, Inc.
10.10.1 Arthur J. Hurley Company, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
10.11 Mil GmbH
10.11.1 Mil GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
10.12 M.I. Cable Technologies, Inc.
10.12.1 M.I. Cable Technologies, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
10.13 OMEGA Engineering, Inc.
10.13.1 OMEGA Engineering, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
10.14 Trasor Corporation
10.14.1 Trasor Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)

List of Figures

FIG. 1 Global Mineral Insulated Cable Market: Research Methodology
FIG. 2 Top-down and Bottom-up Approach
FIG. 3 Global Mineral Insulated Cable Market, By Cladding Material, 2016 (US$ Mn)
FIG. 4 Global Mineral Insulated Cable Market, By End-Use, 2016 (US$ Mn)
FIG. 5 Global Mineral Insulated Cable Market, By Geography, 2016 (US$ Mn)
FIG. 6 Global Mineral Insulated Cable Market Revenue and Growth, 2015 – 2025, (US$ Mn) (Y-o-Y %)
FIG. 7 See-Saw Analysis: Global Mineral Insulated Cable Market
FIG. 8 Market Positioning of Key Mineral Insulated Cable Manufacturers, 2016
FIG. 9 Global Mineral Insulated Cable by Cladding Material, 2016 & 2025 (Revenue Share %)
FIG. 10 Global Copper Cladding Mineral Insulated Cable Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 11 Global Stainless Steel Cladding Mineral Insulated Cable Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 12 Global Other Materials Cladding Mineral Insulated Cable Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 13 Global Mineral Insulated Cable by End-Use, 2016 & 2025 (Revenue Share %)
FIG. 14 Global Mineral Insulated Cable for Industrial Manufacturing Processing Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 15 Global Mineral Insulated Cable Market Revenue for Construction (Residential & Commercial), 2015 – 2025, (US$ Mn)
FIG. 16 Global Mineral Insulated Cable Market Revenue for Power Plants, 2015 – 2025, (US$ Mn)
FIG. 17 Global Mineral Insulated Cable Market Revenue for Power Plants, 2015 – 2025, (US$ Mn)
FIG. 18 Global Mineral Insulated Cable Market Revenue for Other (Medical Devices, Measurement Devices & Aerospace), 2015 – 2025, (US$ Mn)
FIG. 19 North America Mineral Insulated Cable Market Revenue and Growth, 2015 – 2025, (US$ Mn)
FIG. 20 Europe Mineral Insulated Cable Market Revenue and Growth, 2015 – 2025, (US$ Mn) (Y-o-Y %)
FIG. 21 Asia Pacific Mineral Insulated Cable Market Revenue and Growth, 2015 – 2025, (US$ Mn) (Y-o-Y %)
FIG. 22 Rest of the World (ROW) Mineral Insulated Cable Market Revenue and Growth, 2015 – 2025, (US$ Mn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Mineral Insulated Cable Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Mineral Insulated Cable Market Revenue, By Cladding Material, 2015 – 2025 (US$ Mn)
TABLE 5 North America Mineral Insulated Cable Market Revenue, By End-Use, 2015 – 2025 (US$ Mn)
TABLE 6 North America Mineral Insulated Cable Market Revenue, By Region, 2015 – 2025 (US$ Mn)
TABLE 7 Europe Mineral Insulated Cable Market Revenue, By Cladding Material, 2015 – 2025 (US$ Mn)
TABLE 8 Europe Mineral Insulated Cable Market Revenue, By End-Use, 2015 – 2025 (US$ Mn)
TABLE 9 Europe Mineral Insulated Cable Market Revenue, By Region, 2015 – 2025 (US$ Mn)
TABLE 10 Asia Pacific Mineral Insulated Cable Market Revenue, By Cladding Material, 2015 – 2025 (US$ Mn)
TABLE 11 Asia Pacific Mineral Insulated Cable Market Revenue, By End-Use, 2015 – 2025 (US$ Mn)
TABLE 12 Asia Pacific Mineral Insulated Cable Market Revenue, By Region, 2015 – 2025 (US$ Mn)
TABLE 13 Rest of the World (ROW) Mineral Insulated Cable Market Revenue, By Cladding Material, 2015 – 2025 (US$ Mn)
TABLE 14 Rest of the World (ROW) Mineral Insulated Cable Market Revenue, By End-Use, 2015 – 2025 (US$ Mn)
TABLE 15 Rest of the World (ROW) Mineral Insulated Cable Market Revenue, By Region, 2015 – 2025 (US$ Mn)
TABLE 16 Ari Industries: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 17 Nexans S.A.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 18 KME Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 19 Watlow Electric Manufacturing Co.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 20 Raychem HTS: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 21 Temperature Technology Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 22 Sumitomo Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 23 Freedonia Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 24 The Emerson Electric Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 25 Zhejiang Taisuo Technology Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 26 Arthur J. Hurley Company, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 27 Mil GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 28 M.I. Cable Technologies, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 29 OMEGA Engineering, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 30 Trasor Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)

Frequently Asked  Questions:

What is the size of Mineral Insulated Cable Market?

The market for Mineral Insulated Cable Market is expected to reach XX Bn in 2025.

What is the Mineral Insulated Cable Market CAGR?

The Mineral Insulated Cable Market is expected to see significant CAGR growth over the coming years, at 4.2%

What is the Forecast period considered for Mineral Insulated Cable Market?

The report is forecasted to 2017-2025.

What is the base year considered for Mineral Insulated Cable Market?

The base year of this report is 2016.

Who are the major players in this Market?

Ari Industries,Nexans S.A.,KME Group,Watlow Electric Manufacturing Co., Raychem HTS are some of the major players in the global market.

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