The increasing demand for electric power across the world, mainly due to growing industrialization and economic growth, is highlighting the need for robust heat-tracing wires for high-temperature applications. Mineral insulated cables majorly finding their applications in industrial manufacturing, power generation plants, nuclear reactors, and nuclear physics equipment. Changing trends in the power generation and oil & gas industries are triggering the adoption of new systems and products. Also, the scope of using heat tracing wires is rising owing to the expansion of existing power plants, oil rigs, gas pipelines, refineries, and oil and gas tankers.
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