Electric Heat Tracing Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction

Electric heat tracing system is used to compensate for heat losses and to increase or regulate the temperature of pipes and vessels. Heat tracing cables can be deployed on sewer lines, water, and at precise locations which can suffer from freezing such as fire hydrants, and others. Self-regulating cables are prescribed by most of the industrial heat tracing manufacturers. These are energy proficient heat tracing systems. As electric heat tracing also offers cost effective solutions hence, the demand for such system is expected to grow in near future.

Market Dynamics

The rising demand for electric heat tracing systems from numerous industries such as chemicals, power & energy, and oil & gas; increasing demand for energy proficient self-regulating cable, substitute of steam heat tracing with electric heat tracing systems are majorly driving the growth of electric heat tracing market. Factors such as overlapping of heating cables, functions are restraining the growth of this market. Cost effective solutions regarding maintenance purpose used in electric heat tracing systems is more efficient when compared with steam tracing.

Market Classification and Overview

The market can be bifurcated on the basis of type, application, vertical, and geography. By type, electric heat tracing market can be segmented into mineral-insulated, constant wattage, self-regulating, and skin effect. By application, electric heat tracing market can be segmented into freeze protection and process temperature maintenance, roof and gutter, floor heating, and among others. By vertical, electric heat tracing market can be segmented into oil & gas, chemicals, commercial, water & wastewater management, power & energy, residential, food & beverages, and others like pulp & paper, transportation, On the basis of geography, the electric heat tracing market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants                                           

Some of the major players involved in electric heat tracing market include Pentair plc, Thermon Holding Group, BARTEC Top Holding GmbH, Chromalox Inc., Emerson Electric Company, Danfoss Group, BriskHeat, eltherm GmbH, Parker-Hannifin Corp., Warmup plc, etc. It also includes some start-up companies, namely, Drexan Energy Systems, Inc., Heat Trace Products LLC, Neptech Inc., QMAX, and Technitrace among others.

Market Segmentation

Market By Type:

• Self-regulating
• Constant Wattage
• Mineral-insulated
• Skin Effect

Market By Application:

• Freeze Protection and Process Temperature Maintenance
• Roof and Gutter
• Floor Heating
• Others

Market By Vertical:

• Oil & Gas
• Chemicals
• Commercial
• Power & Energy
• Residential
• Food & Beverages
• Water & Wastewater Management
• Others (Pulp & Paper, Transportation, Textile)

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of LATAM
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA