The Mineral Insulated Cables Market is expected to grow from USD 1.80 Billion in 2022 to USD 3.30 Billion by 2030, at a CAGR of 9.50% during the forecast period.
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Mineral Insulated Cables (MIC) are formed by placing one or more conductors in a metallic sheath made of copper, stainless steel or another suitable material and filling the remaining space with magnesium oxide powder. The resulting cable provides excellent protection against heat, moisture and physical damage. The Minerals Insulated Cables market is segmented on the basis of type (Mineral Insulated Power Cables, Mineral Insulated Heating Cables), application (Building, Power Plant and Manufacturing Factory, Others), and region (North America, Asia Pacific, Middle East, Africa, Australia and Europe), and includes market players such as Raychem HTS, Emerson, ABB, KME, TEC, Baosheng, ARi Industries, Pentair, Chromalox, Uncomtech, Wrexham, Mil GmbH, Yuancheng Cable, Watlow, MiCable Technologie, eltherm, Hanhe Cable, OMEGA, Conax Technologie, Trasor, AEI Cables, and Doncaster Cables. Regulatory and legal factors affect the market, such as certification requirements and compliance with safety standards, and vary according to different geographic regions.
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