Forecast of Global Mineral Insulated Heating Cable Market 2023

Global market for Mineral Insulated Heating Cable is expected to grow at a CAGR of roughly 4.8% over the next five years, will reach 330 million US$ in 2023, from 250 million US$ in 2017, according to a new study. Mineral insulated (MI) heating cable is a type of heating cable with semi-rigid resistance wire and magnesia (mineral) insulating layer. Mineral Insulated heating cables are used where high power output, high exposure temperatures, or extreme resistance to environmental corrosives are needed.