According to Stratistics MRC, the Global Electric Heat Tracing Market is accounted for $1.54 billion in 2019 and is expected to reach $3.38 billion by 2027 growing at a CAGR of 10.3% during the forecast period. Some of the key factors propelling the market growth include increasing adoption of electric heat tracing systems over conventional steam tracing systems, rising demand for energy efficient heat tracing systems, and lower costs of operations and maintenance. However, devastating effects of overlapping of heating cables may restrain the market growth.
Electric trace heating is the process of enhancing the levels of temperature in pipes, floors, vessels and other infrastructural surfaces with the help of heat tracing cables. This is highly significant in areas where the temperatures can drop significantly and can result in freezing of pipes, vessels and other components in an industry. This method also helps in optimal maintenance of processes by helping keep a consistent temperature base in a more efficient manner as compared to other heating solutions such as insulation or jacketing.
By type, the self-regulating segment is anticipated to grow at the significant growth during the forecast period. Self-regulating heating cables are ideal for temperature maintenance and frost-prevention installations because they produce more heat when it is cold and conversely less heat in warm conditions. The heat output is automatically adjusted in response to the increase or decrease in ambient temperatures. Self-regulating cables offer numerous advantages over other types of heat tracing cables, such as higher efficiency, increased safety, ease of installation, and less maintenance. Due to these various advantages, self-regulating cables are increasingly being adopted across various verticals such as oil & gas, chemicals, commercial, and residential among others.
On the basis of geography, the market in North America is expected to register the highest growth during the forecast period, owing to the replacement of conventional systems with electric heat tracing systems, the expansion of oil and gas production pipelines, new construction projects of oil & gas pipelines, growing exploration and production of oil & gas activities, and growing demand for heat tracing systems from chemicals, commercial, and residential industries. North America includes countries such as the US and Canada, which are among the coldest countries in the world. Electric heat tracing finds increasing adoption in these countries for applications such as freeze protection, roof & gutter de-icing, and floor heating.
Some of the key players in Electric Heat Tracing Market include: Parker-Hannifin, Emerson Electric Co., Danfoss, Bartec, Drexan Energy Systems, Inc., Eltherm, Nexans S.A., nVent Thermal LLC, Watlow Electric Manufacturing Co., Spirax-Sarco Engineering, Nibe Industrier, Pentair, Drexma Industries Inc., Heat Trace Products, LLC, Thermon, and Sst Group.
Types Covered:
- Mineral Insulated
- Self-Regulating
- Constant Wattage
- Power-Limiting Heating Cable
Methods Covered:
- Electric Resistance Heat Tracing
- Skin Effect
- Induction
- Impedance
Applications Covered:
- Roof & Gutter De-Icing
- Floor Heating
- Freeze Protection
- Viscosity Control
- Process Temperature Maintenance
- Hot Water Temperature Maintenance
End Users Covered:
- Pharmaceuticals
- Water & Wastewater Management
- Oil & Gas
- Chemicals
- Power & Energy
- Food & Beverages
- Automotive Industry
- Petrochemical Industry
- Electric Industry
- Commercial
- Residential
- Other End Users
Modes Covered:
- Roofs
- Pipes
- Rail Tracks & Roads
- Vessels & Tanks
Temperatures Covered:
- Up to 100°C
- 101°C to 250°C
- Above 250°C
Sales Channels Covered:
System Components Covered:
- Power Connection Kits
- Electric Heat Tracing Cables
- Thermal Insulation Materials
- Control and Monitoring Systems
Regions Covered:
- North America
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Electric Heat Tracing Market, By Type
- 5.1 Introduction
- 5.2 Mineral Insulated
- 5.3 Self-Regulating
- 5.4 Constant Wattage
- 5.4.1 Parallel Constant Watt Heating Cable
- 5.4.2 Series Constant Watt Heating Cables
- 5.4.2.1 Semi-rigid
- 5.4.2.2 Flexible
- 5.5 Power-Limiting Heating Cable
6 Global Electric Heat Tracing Market, By Method
- 6.1 Introduction
- 6.2 Electric Resistance Heat Tracing
- 6.3 Skin Effect
- 6.4 Induction
- 6.5 Impedance
7 Global Electric Heat Tracing Market, By Application
- 7.1 Introduction
- 7.2 Roof & Gutter De-Icing
- 7.3 Floor Heating
- 7.4 Freeze Protection
- 7.5 Viscosity Control
- 7.6 Process Temperature Maintenance
- 7.7 Hot Water Temperature Maintenance
8 Global Electric Heat Tracing Market, By End User
- 8.1 Introduction
- 8.2 Pharmaceuticals
- 8.3 Water & Wastewater Management
- 8.4 Oil & Gas
- 8.5 Chemicals
- 8.6 Power & Energy
- 8.7 Food & Beverages
- 8.8 Automotive Industry
- 8.9 Petrochemical Industry
- 8.10 Electric Industry
- 8.11 Commercial
- 8.12 Residential
- 8.13 Other End Users
- 8.13.1 Transportation
- 8.13.2 Textile
- 8.13.3 Pulp & Paper
9 Global Electric Heat Tracing Market, By Mode
- 9.1 Introduction
- 9.2 Roofs
- 9.3 Pipes
- 9.4 Rail Tracks & Roads
- 9.5 Vessels & Tanks
10 Global Electric Heat Tracing Market, By Temperature
- 10.1 Introduction
- 10.2 Up to 100°C
- 10.3 101°C to 250°C
- 10.4 Above 250°C
11 Global Electric Heat Tracing Market, By Sales Channel
- 11.1 Introduction
- 11.2 Direct Sales
- 11.3 Distributor
12 Global Electric Heat Tracing Market, By System Component
- 12.1 Introduction
- 12.2 Power Connection Kits
- 12.3 Electric Heat Tracing Cables
- 12.4 Thermal Insulation Materials
- 12.5 Control and Monitoring Systems
- 12.5.1 Thermocouples
- 12.5.2 Thermostats
- 12.5.3 Resistance Temperature Detectors
13 Global Electric Heat Tracing Market, By Geography
- 13.1 Introduction
- 13.2 North America
- 13.2.1 US
- 13.2.2 Canada
- 13.2.3 Mexico
- 13.3 Europe
- 13.3.1 Germany
- 13.3.2 UK
- 13.3.3 Italy
- 13.3.4 France
- 13.3.5 Spain
- 13.3.6 Rest of Europe
- 13.4 Asia Pacific
- 13.4.1 Japan
- 13.4.2 China
- 13.4.3 India
- 13.4.4 Australia
- 13.4.5 New Zealand
- 13.4.6 South Korea
- 13.4.7 Rest of Asia Pacific
- 13.5 South America
- 13.5.1 Argentina
- 13.5.2 Brazil
- 13.5.3 Chile
- 13.5.4 Rest of South America
- 13.6 Middle East & Africa
- 13.6.1 Saudi Arabia
- 13.6.2 UAE
- 13.6.3 Qatar
- 13.6.4 South Africa
- 13.6.5 Rest of Middle East & Africa
14 Key Developments
- 14.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 14.2 Acquisitions & Mergers
- 14.3 New Product Launch
- 14.4 Expansions
- 14.5 Other Key Strategies
15 Company Profiling
- 15.1 Parker-Hannifin
- 15.2 Emerson Electric Co.
- 15.3 Danfoss
- 15.4 Bartec
- 15.5 Drexan Energy Systems, Inc.
- 15.6 Eltherm
- 15.7 Nexans S.A.
- 15.8 nVent Thermal LLC
- 15.9 Watlow Electric Manufacturing Co.
- 15.10 Spirax-Sarco Engineering
- 15.11 Nibe Industrier
- 15.12 Pentair
- 15.13 Drexma Industries Inc.
- 15.14 Heat Trace Products, LLC
- 15.15 Thermon
- 15.16 Sst Group
List of Tables
- Table 1 Global Electric Heat Tracing Market Outlook, By Region (2018-2027) ($MN)
- Table 2 Global Electric Heat Tracing Market Outlook, By Type (2018-2027) ($MN)
- Table 3 Global Electric Heat Tracing Market Outlook, By Mineral Insulated (2018-2027) ($MN)
- Table 4 Global Electric Heat Tracing Market Outlook, By Self-Regulating (2018-2027) ($MN)
- Table 5 Global Electric Heat Tracing Market Outlook, By Constant Wattage (2018-2027) ($MN)
- Table 6 Global Electric Heat Tracing Market Outlook, By Parallel Constant Watt Heating Cable (2018-2027) ($MN)
- Table 7 Global Electric Heat Tracing Market Outlook, By Series Constant Watt Heating Cables (2018-2027) ($MN)
- Table 8 Global Electric Heat Tracing Market Outlook, By Power-Limiting Heating Cable (2018-2027) ($MN)
- Table 9 Global Electric Heat Tracing Market Outlook, By Method (2018-2027) ($MN)
- Table 10 Global Electric Heat Tracing Market Outlook, By Electric Resistance Heat Tracing (2018-2027) ($MN)
- Table 11 Global Electric Heat Tracing Market Outlook, By Skin Effect (2018-2027) ($MN)
- Table 12 Global Electric Heat Tracing Market Outlook, By Induction (2018-2027) ($MN)
- Table 13 Global Electric Heat Tracing Market Outlook, By Impedance (2018-2027) ($MN)
- Table 14 Global Electric Heat Tracing Market Outlook, By Application (2018-2027) ($MN)
- Table 15 Global Electric Heat Tracing Market Outlook, By Roof & Gutter De-Icing (2018-2027) ($MN)
- Table 16 Global Electric Heat Tracing Market Outlook, By Floor Heating (2018-2027) ($MN)
- Table 17 Global Electric Heat Tracing Market Outlook, By Freeze Protection (2018-2027) ($MN)
- Table 18 Global Electric Heat Tracing Market Outlook, By Viscosity Control (2018-2027) ($MN)
- Table 19 Global Electric Heat Tracing Market Outlook, By Process Temperature Maintenance (2018-2027) ($MN)
- Table 20 Global Electric Heat Tracing Market Outlook, By Hot Water Temperature Maintenance (2018-2027) ($MN)
- Table 21 Global Electric Heat Tracing Market Outlook, By End User (2018-2027) ($MN)
- Table 22 Global Electric Heat Tracing Market Outlook, By Pharmaceuticals (2018-2027) ($MN)
- Table 23 Global Electric Heat Tracing Market Outlook, By Water & Wastewater Management (2018-2027) ($MN)
- Table 24 Global Electric Heat Tracing Market Outlook, By Oil & Gas (2018-2027) ($MN)
- Table 25 Global Electric Heat Tracing Market Outlook, By Chemicals (2018-2027) ($MN)
- Table 26 Global Electric Heat Tracing Market Outlook, By Power & Energy (2018-2027) ($MN)
- Table 27 Global Electric Heat Tracing Market Outlook, By Food & Beverages (2018-2027) ($MN)
- Table 28 Global Electric Heat Tracing Market Outlook, By Automotive Industry (2018-2027) ($MN)
- Table 29 Global Electric Heat Tracing Market Outlook, By Petrochemical Industry (2018-2027) ($MN)
- Table 30 Global Electric Heat Tracing Market Outlook, By Electric Industry (2018-2027) ($MN)
- Table 31 Global Electric Heat Tracing Market Outlook, By Commercial (2018-2027) ($MN)
- Table 32 Global Electric Heat Tracing Market Outlook, By Residential (2018-2027) ($MN)
- Table 33 Global Electric Heat Tracing Market Outlook, By Other End Users (2018-2027) ($MN)
- Table 34 Global Electric Heat Tracing Market Outlook, By Transportation (2018-2027) ($MN)
- Table 35 Global Electric Heat Tracing Market Outlook, By Textile (2018-2027) ($MN)
- Table 36 Global Electric Heat Tracing Market Outlook, By Pulp & Paper (2018-2027) ($MN)
- Table 37 Global Electric Heat Tracing Market Outlook, By Mode (2018-2027) ($MN)
- Table 38 Global Electric Heat Tracing Market Outlook, By Roofs (2018-2027) ($MN)
- Table 39 Global Electric Heat Tracing Market Outlook, By Pipes (2018-2027) ($MN)
- Table 40 Global Electric Heat Tracing Market Outlook, By Rail Tracks & Roads (2018-2027) ($MN)
- Table 41 Global Electric Heat Tracing Market Outlook, By Vessels & Tanks (2018-2027) ($MN)
- Table 42 Global Electric Heat Tracing Market Outlook, By Temperature (2018-2027) ($MN)
- Table 43 Global Electric Heat Tracing Market Outlook, By Up to 100°C (2018-2027) ($MN)
- Table 44 Global Electric Heat Tracing Market Outlook, By 101°C to 250°C (2018-2027) ($MN)
- Table 45 Global Electric Heat Tracing Market Outlook, By Above 250°C (2018-2027) ($MN)
- Table 46 Global Electric Heat Tracing Market Outlook, By Sales Channel (2018-2027) ($MN)
- Table 47 Global Electric Heat Tracing Market Outlook, By Direct Sales (2018-2027) ($MN)
- Table 48 Global Electric Heat Tracing Market Outlook, By Distributor (2018-2027) ($MN)
- Table 49 Global Electric Heat Tracing Market Outlook, By System Component (2018-2027) ($MN)
- Table 50 Global Electric Heat Tracing Market Outlook, By Power Connection Kits (2018-2027) ($MN)
- Table 51 Global Electric Heat Tracing Market Outlook, By Electric Heat Tracing Cables (2018-2027) ($MN)
- Table 52 Global Electric Heat Tracing Market Outlook, By Thermal Insulation Materials (2018-2027) ($MN)
- Table 53 Global Electric Heat Tracing Market Outlook, By Control and Monitoring Systems (2018-2027) ($MN)
- Table 54 Global Electric Heat Tracing Market Outlook, By Thermocouples (2018-2027) ($MN)
- Table 55 Global Electric Heat Tracing Market Outlook, By Thermostats (2018-2027) ($MN)
- Table 56 Global Electric Heat Tracing Market Outlook, By Resistance Temperature Detectors (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
