Press release
Mineral Insulated Cable Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type, Cladding, End-User Industry, and Geography
The mineral insulated cable market was valued at US$ 951.72 million in 2019 and is expected to grow at a CAGR of 5.7% during the forecast period of 2020 to 2027 to reach US$ 1,337.00million by 2027.Expansion of nuclear power plants and projects to support mineral insulated market growth during forecast period
According to our latest market study on “Mineral Insulated Cable Market Forecast to 2027 – COVID-19 Impact and Global Analysis – Type (Power Cable, Heating Cable); Cladding (Copper, Stainless Steel, Others.); End-User Industry (Energy and Power, Oil and Gas, Construction, Pharmaceuticals, Others), and Geography,” the market was valued at US$ 951.72 million in 2019 and is projected to reach US$ 1,337.00 million by 2027; it is expected to grow at a CAGR of 5.7% during the forecast period. The report highlights key factors driving the market growth, and prominent players and their developments in the market.
In the energy & power sector, temperature and pressure measurement instruments play a significant role in large-scale power plants, peak-load electricity generation plants, and decentralized systems, among others. The globally mounting number of gas turbine power plants; coal, gas, nuclear, hydro power, and thermal power stations; biogas plants; and wind power stations—to fulfill the ever-increasing demand for electricity—is fueling the adoption of temperature and pressure measurement instruments. This factor is likely to influence the adoption of mineral insulated cables in the temperature and pressure measurement systems in these facilities.
Get Sample PDF of this Report @ https://bit.ly/3iqoaSh
MICC Limited manufactures GDCD16 cable designs for power stations. It has been selected as a supplier by key power generation companies, including E.ON, EDF, and RWE, as well as by Nuclear Sellafield sites in the UK. Such abundant presence of coal-fired plants, power generation plants, and nuclear sites plays a significant role in boosting the growth of the mineral insulated cable market for the energy & power industry. Thus, the use of cables in high-temperature applications is rising with the growing construction of nuclear power plants in the US, South Africa, Saudi Arabia, and so on.
COVID-19 Impact on Mineral Insulated Cable Market
COVID-19 outbreak has been affecting every business globally since December 2019. Continuous growth in the number of virus-infected patients has compelled governments to put a bar on humans and goods transport. The COVID-19 pandemic has weakened various activities across numerous industries. The energy and power generation industry is also hit hard by the outbreak due to limited manpower and disruption in supply chain of components and services. The mineral insulated cable market players in various countries also faced the challenge of restricted manpower availability, whereas in several countries, the activities of nuclear decommissioning have been put on hold owing to the imposition of lockdowns by respective governments.
The Report Segments the Mineral Insulated Cable Market as Follows:
By Type
Power Cable
Heating Cable
By Cladding
Copper
Stainless Steel
Others
By End-User Industry
Energy and Power
Oil and Gas
Construction
Pharmaceuticals
Others
By Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Russia
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Rest of APAC
Middle East & Africa (MEA)
South Africa
Saudi Arabia
UAE
Rest of MEA
South America (SAM)
Brazil
Argentina
Rest of SAM
Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://bit.ly/35W1hRA
Contact us: -
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
About us: -
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mineral Insulated Cable Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type, Cladding, End-User Industry, and Geography here
News-ID: 2227582 • Views: …
More Releases from The Insight Partners
Food Allergen Testing Market: Ensuring Safety in a Diverse Food Landscape
The food allergen testing market was valued at US$ 592.39 million in 2018 and is projected to reach US$ 1,198.53 million by 2027; it is expected to grow at a CAGR of 8.2% from 2019 to 2027. This growth is driven by increasing food safety regulations, rising consumer awareness regarding food allergies, and the need for manufacturers to ensure product safety and compliance.
Get the sample request - https://www.theinsightpartners.com/sample/TIPRE00006020?utmsource=Openpr&utm_medium=10865
Market Overview
Food allergen…
Agricultural Adjuvants Market Set to Transform Crop Protection Strategies by 203 …
The global agricultural adjuvants market is entering a pivotal phase of transformation, as farmers, agribusinesses, and agrochemical manufacturers seek smarter, more sustainable ways to protect crops and optimize yields. Agricultural adjuvants-substances added to enhance the performance of pesticides-are now at the forefront of this evolution, improving solubility, stability, and spreadability of crop protection products.
Get More Details with Sample PDF Copy @: https://www.theinsightpartners.com/sample/TIPRE00005829/?utm_source=OpenPR&utm_medium=10188
Agricultural Adjuvants : Competitive Landscape and Key Developments:
Bayer AG
Ingevity…
Silicon Metal Market Poised for Strategic Growth Across Industries by 2031
The silicon metal market is entering a dynamic phase of innovation and expansion, with applications spanning semiconductors, solar energy, stainless steel, and aluminum alloys. As industries worldwide accelerate their transition toward sustainable and high-performance materials, silicon metal emerges as a critical enabler of technological and industrial progress.
Get More Details with Sample PDF Copy @: https://www.theinsightpartners.com/sample/TIPRE00005781/?utm_source=OpenPR&utm_medium=10188
Silicon Metal : Competitive Landscape and Key Developments:
Elkem
Ferroglobe PLC
Liasa
Mississippi Silicon
Panadyne Inc.
RIMA Group
Rusal
Silicon Metal Industries
Sil'tronix Silicon Technologies
Silicon…
Waste Heat Boiler Market: A Sustainable Solution for Energy Efficiency
The global waste heat boiler market is estimated to account US$ 5.78 Bn in 2018 and is expected to grow at a CAGR of 6.4% during the forecast period 2019 - 2027, to account to US$ 10.03 Bn by 2027. This growth is primarily driven by the increasing emphasis on energy efficiency, stringent environmental regulations, and the rising need for sustainable energy solutions across various industries.
Get the sample request -…
More Releases for Cable
Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cab …
The Cable Management Market would portray a significant CAGR by 2027, as per the latest report published by Allied Market Research.
Allied Market Research recently published a report, titled, “Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cable Connectors &Glands, Cable Carriers, cable Lugs, Cable Junction Boxes, and Others), and End User (IT & Telecommunication, Commercial Construction, Energy, Manufacturing and Automation, Marine, Mining, Healthcare, and Others): Global Opportunity…
Automotive Control Cable Market 2019 Precise Outlook - SAB Cable, Allied Wire & …
Global Automotive Control Cable Market Report 2019-2025 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market. The report also calls for market – driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time…
Cable & Accessories Industry - Nexans, General Cable Technologies, ABB, Brugg, P …
Electrical cable, an assembly of one or more wires which may be insulated, used for transmission of electrical power or signals
Wide array and volume of cable & accessories applications, high demand from residential to industrial applications and increasing power demand is expected to drive growth in cable and accessories market. Furthermore, Growth in rural electrification especially in the developing economies, growing use of cable & accessories in various industries and…
Global Submarine Cable Market 2017: General Cable, Nexans, Prysmian Group, Allie …
Submarine Cable Market Research Report 2017
In this report, the global Submarine Cable market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (volume), revenue (value), market share and growth rate of Submarine Cable for these regions, from 2012…
Cable Management System Market (Cable Tray, Cable Ladder, Raceway, Cable Trunkin …
This report on the global cable management system market provides analysis for the period from 2014 to 2024, wherein 2015 is the base year and the years from 2016 to 2024 are the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the cable management systems market over the forecast period…
Global Nuclear Power Cable Market 2016 : Qingdao Hanlan Cable, Jiangsu Shangshan …
A market study based on the "Nuclear Power Cable Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Nuclear Power Cable Market 2016’. The research report analyzes the historical as well as present performance of the global Nuclear Power Cable market, and makes predictions on the future status of Nuclear Power Cable market on the basis of this analysis.
Get Free Sample Copy of Report…
