Middle East & Africa Mineral Insulated Heating Cable Market
No. of Pages: 109 | Report Code: TIPRE00015450 | Category: Electronics and Semiconductor
No. of Pages: 109 | Report Code: TIPRE00015450 | Category: Electronics and Semiconductor
Mineral insulated heating cables deliver rugged and reliable heat tracing for several oil & gas and pharmaceutical applications, and it is designed with critical circuit protection, which is ideal for protection in the pharmaceutical and oil & gas fields. In developing nations such as South Africa and Saudi Arabia, construction and manufacturing industries are flourishing at an impressive pace. These factors are anticipated to offer ample growth opportunities for mineral insulated heating cable market players in MEA. The mineral insulated heating cable manufacturers in MEA are highly focused on creating huge prospects in several industries. Manufacturers of cables and accessories are continuously incorporating their existing technologies to design new products to surge the capacity of mineral insulated heating cable in various fields. Due to increasing investments in infrastructure development and oil & gas projects, countries are also expected to grow at a steady pace during the forecast period. The factors like growth in demand for energy and power projects and increase in demand from 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 MEA mineral insulated heating cable market. Further, COVID-19 pandemic would have significant effects on economies across MEA. The MEA region is anticipated to be highly impacted as there is already pressure on economy of various oil based countries due to falling oil prices which will directly affect the mineral insulated heating cable market growth in MEA. In addition to this, the factory lockdowns, business shutdowns and travel bans are further aggravating the economic problems of the countries in the MEA region. Hence, the estimated decline in MEA’s economic condition and impact of COVID-19 on growth of various industries in the region is expected to negatively impact the growth of MEA mineral insulated heating cable Market in 2020 and 2021.
Strategic insights for the Middle East & Africa Mineral Insulated Heating Cable provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 16.7 Million |
| Market Size by 2027 | US$ 24.9 Million |
| Global CAGR (2020 - 2027) | 5.5 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Cable Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Mineral Insulated Heating Cable refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The mineral insulated heating cable market in MEA is expected to grow from US$ 16.7 million in 2019 to US$ 24.9 million by 2027; it is estimated to grow at a CAGR of 5.5 % from 2020 to 2027. Increasing applications of mineral insulated cable is expected to create opportunity for market growth. Mineral insulated heating cables are widely adopted across various industries for several applications. The most critical application of mineral insulated heating cable is being used in the construction industry as the cable joints can easily be affected by moisture, cause a short circuit as well as other electrical faults. Other applications where mineral insulated heating cables are being deployed are rail transit tunnel; these cables are mainly used in fire protection system; high-rise buildings for emergency lighting, general lighting, electrical fire circuit, and fire alarm, among others; in ships and warships; and in aerospace for general lighting, emergency lighting, and computer room control circuit, among others. Therefore, the growing applications of mineral insulated heating cables owing to its features are anticipated to further enhance the MEA mineral insulated heating cable market growth.
In terms of sheath type, the copper segment accounted for the largest share of the MEA mineral insulated heating cable market in 2019. In terms of cable type, the single core segment held a larger market share of the MEA mineral insulated heating cable market in 2019. Further, the energy & power segment held a larger share of the MEA mineral insulated heating cable market based on end user in 2019.
A few major primary and secondary sources referred to for preparing this report on the mineral insulated heating cable market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bartec ; Briskheat Corporation ; Chromalox, Inc.; Emerson Electric Co.; Thermon Group Holdings, Inc.
The Middle East & Africa Mineral Insulated Heating Cable Market is valued at US$ 16.7 Million in 2019, it is projected to reach US$ 24.9 Million by 2027.
As per our report Middle East & Africa Mineral Insulated Heating Cable Market, the market size is valued at US$ 16.7 Million in 2019, projecting it to reach US$ 24.9 Million by 2027. This translates to a CAGR of approximately 5.5 % during the forecast period.
The Middle East & Africa Mineral Insulated Heating Cable Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Mineral Insulated Heating Cable Market report:
The Middle East & Africa Mineral Insulated Heating Cable Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Mineral Insulated Heating Cable Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Mineral Insulated Heating Cable Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Middle East & Africa Mineral Insulated Heating Cable Market
