The global demand for Electric Heat Tracing Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Electric heat tracing, also called surface heating, refers to a system that raises and maintains the temperature of vessels, pipes, and equipment that may be exposed to colder environments. Electric heat tracing uses cable intended to give continuous wattage per unit of length and to give consistent heating along pipes. Heat tracing is a fundamental process for any tool or system that requires freeze protection. It leads to less operational and fewer maintenance problems. Many industries are utilizing electric heat tracers such as the oil, gas, textile, chemical and electrical power industry.
The high adoption of electric heat tracing systems above traditional steam tracing systems is the primary factor driving the electric heat tracing market over the forecast time frame. In addition to that, rising investment in developing oil/gas pipeline infrastructure and increasing health, safety and environmental concerns on the oil pipeline infrastructure contribute to the electric heat tracing market growth. The growing need for energy-efficient heat tracing systems is also positively impacting electric heat tracing market growth. Moreover, the growing adoption of heat tracing systems in power plants is likely to provide profitable growth opportunities for key players of the electric heat tracing market in the coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of electric heat tracing.
The entire electric heat tracing market has been sub-categorized into type, application and vertical. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Constant Wattage
- Mineral Insulated
- Skin Effect
- Freeze Protection & Process Temperature Maintenance
- Floor Heating
- Roof & Gutter De-Icing
- Oil & Gas
- Power & Energy
- Food & Beverages
- Water & Wastewater Management
- Pulp & Paper
This section covers regional segmentation which accentuates on current and future demand for electric heat tracing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Electric Heat Tracing Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electric heat tracing market include Emerson, Danfoss, Eltherm, Briskheat, Parker-Hannifin, Warmup, Drexan, Neptech, Qmax, Technitrace, Anhui Huanrui, SST Group, Ebeco, Drexma Industries, Spirax-Sarco, Bartec. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.