Global Electric Heat Tracing Market Analysis & Trends - Industry Forecast to 2028

Global Electric Heat Tracing Market Analysis & Trends - Industry Forecast to 2028

  • February 2021 •
  • 170 pages •
  • Report ID: 6027702 •
  • Format: PDF
The Global Electric Heat Tracing Market is poised to grow at a CAGR of around XX% over the next decade to reach approximately $XX million by 2028.

Some of the prominent trends that the market is witnessing include growing demand for heat tracing systems from various end-user industries, rising adoption of heat tracing systems in power plants, and low maintenance cost associated with electric heat tracing systems.

Based on the system component, the market is segmented into heating tracing cables, insulation material, power connection kit, and monitoring and control systems. In addition, monitoring and control systems segment is further sub-segmented into thermostats, thermocouples, and resistance temperature detectors.

On the basis of method, the market is divided into impedance, induction, and resistive.

Amongst type, the market is categorized into constant wattage, mineral insulated, parallel constant watt heating cable, power-limiting heating cable, self-regulating, series constant watt heating cables, and skin effect.

By temperature, the market is fragmented into 101°C to 250°C, above 250°C, and Up to 100°C.

With respect to the application, the market is segmented into floor heating, freeze protection, process temperature maintenance, roof & gutter de-icing, and viscosity control.

On the basis of end user, the market is divided into chemicals, commercial, food & beverages, oil & gas, pharmaceuticals, power, energy & heavy industry, residential, water & wastewater management, and other end users. In addition, other end users segment is divided into textile, pulp & paper, and transportation.

Amongst sales channel, the market is categorized into distributor, and direct sales.

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2017, 2018 revenue estimations are presented for 2019 and forecasts for 2023 and 2028. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

This report provides data tables, includes charts and graphs for visual analysis.

Regional Analysis:
North America
- US
- Canada
- Mexico

- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia Pacific

Middle East
- Saudi Arabia
- Rest of Middle East

Latin America
- Argentina
- Brazil
- Rest of Latin America

Rest of the World
- South Africa
- Others

Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028
- Market opportunities and recommendations for new investments