Global Electric Heat Tracing Market Size study, by Type, by Application, By Vertical and Regional Forecasts 2022-2028

Description

List of Tables

Global Electric Heat Tracing Market is valued at approximately USD 1.7 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.2% over the forecast period 2022-2028. Electric Heat Tracing is a system used to maintain or to boost the temperature of pipes and vessels by the usage of heat tracing cables. This system includes several components such as a power connection kit, Electric Heat Tracing label, Electric Heat Tracing cable, thermostat and thermal insulation. The rising adoption of Electric Heat Tracing systems instead of conventional steam tracing systems is due to low maintenance costs and increasing investment in developing oil/gas pipeline infrastructure. For instance, the Indian Ministry of Petroleum and Natural Gas has invested approximately USD 118 billion in October 2019 with the aim of oil & gas exploration, along with the setting-up of natural gas infrastructure. However, devastating effects of overlapping heating cables impede the growth of the market over the forecast period of 2022-2028. Also, the growing demand for heat tracing systems from various end-user industries such as chemical, power & energy, oil & gas, is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the Global Electric Heat Tracing Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to incessant snowfall and cold weather is propelling the needs for the Electric Heat Tracing systems as well as increasing penetration of the market in various applications such as roof & gutter de-icing, freeze protection and floor heating is gaining huge traction among both residential and commercial sector. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growth of the oil & gas industry in the nations like India, South Korea, China, Japan, and Australia would create lucrative growth prospects for the Electric Heat Tracing market across the Asia-Pacific region.

Major market players included in this report are:

Anhui Huanrui Heating Manufacturing Co., Ltd.

Drexan Energy Systems, Inc.

Drexma Industries Inc.

Emerson Electric Company,

Parker-Hannifin Corporation

QmaxTest Research Corporation

Heat Trace Products, LLC.

Ives Equipment, Inc.

Danfoss A/S

Thermon

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Self-Regulating

Constant Wattage

Mineral Insulated

Skin Effect

By Application

Freeze Protection & Process Temperature Maintenance

Floor Heating

Roof & Gutter De-Icing

Others

By Vertical

Oil & Gas

Chemicals

Commercial

Residential

Power & Energy

Food & Beverages

Pharmaceuticals

Water & Wastewater Management

Others

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Electric Heat Tracing Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Global Electric Heat Tracing Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Global Electric Heat Tracing Market, by Type, 2020-2028 (USD Billion)
- 1.2.3. Global Electric Heat Tracing Market, by Application, 2020-2028 (USD Billion)
- 1.2.4. Global Electric Heat Tracing Market, by Vertical, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Electric Heat Tracing Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Electric Heat Tracing Market Dynamics

3.1. Electric Heat Tracing Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing investment indeveloping oil/gas pipeline infrastructure
  - 3.1.1.2. Low maintenance cost associated with electric heat tracing systems
- 3.1.2. Market Challenges
  - 3.1.2.1. Installation of heat tracing systems for tanks and large vessels
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing penetration of heat tracing systems in power plants

Chapter 4. Global Electric Heat Tracing Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2019-2028)
4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Electric Heat Tracing Market, by Type

6.1. Market Snapshot
6.2. Global Electric Heat Tracing Market by Type, Performance - Potential Analysis
6.3. Global Electric Heat Tracing Market Estimates & Forecasts by Type, 2019-2028 (USD Billion)
6.4. Electric Heat Tracing Market, Sub Segment Analysis
- 6.4.1. Self-Regulating
- 6.4.2. Constant Wattage
- 6.4.3. Mineral Insulated
- 6.4.4. Skin Effect

Chapter 7. Global Electric Heat Tracing Market, by Application

7.1. Market Snapshot
7.2. Global Electric Heat Tracing Market by Application, Performance - Potential Analysis
7.3. Global Electric Heat Tracing Market Estimates & Forecasts by Application, 2019-2028 (USD Billion)
7.4. Electric Heat Tracing Market, Sub Segment Analysis
- 7.4.1. Freeze Protection & Process Temperature Maintenance
- 7.4.2. Floor Heating
- 7.4.3. Roof & Gutter De-Icing
- 7.4.4. Others

Chapter 8. Global Electric Heat Tracing Market, by Vertical

8.1. Market Snapshot
8.2. Global Electric Heat Tracing Market by Vertical, Performance - Potential Analysis
8.3. Global Electric Heat Tracing Market Estimates & Forecasts by Vertical, 2019-2028 (USD Billion)
8.4. Electric Heat Tracing Market, Sub Segment Analysis
- 8.4.1. Oil & Gas
- 8.4.2. Chemicals
- 8.4.3. Commercial
- 8.4.4. Residential
- 8.4.5. Power & Energy
- 8.4.6. Food & Beverages
- 8.4.7. Pharmaceuticals
- 8.4.8. Water & Wastewater Management
- 8.4.9. Others

Chapter 9. Global Electric Heat Tracing Market, Regional Analysis

9.1. Electric Heat Tracing Market, Regional Market Snapshot
9.2. North America Electric Heat Tracing Market
- 9.2.1. U.S. Electric Heat Tracing Market
  - 9.2.1.1. Type breakdown estimates & forecasts, 2019-2028
  - 9.2.1.2. Application breakdown estimates & forecasts, 2019-2028
  - 9.2.1.3. Vertical breakdown estimates & forecasts, 2019-2028
- 9.2.2. Canada Electric Heat Tracing Market
9.3. Europe Electric Heat Tracing Market Snapshot
- 9.3.1. U.K. Electric Heat Tracing Market
- 9.3.2. Germany Electric Heat Tracing Market
- 9.3.3. France Electric Heat Tracing Market
- 9.3.4. Spain Electric Heat Tracing Market
- 9.3.5. Italy Electric Heat Tracing Market
- 9.3.6. Rest of Europe Electric Heat Tracing Market
9.4. Asia-Pacific Electric Heat Tracing Market Snapshot
- 9.4.1. China Electric Heat Tracing Market
- 9.4.2. India Electric Heat Tracing Market
- 9.4.3. Japan Electric Heat Tracing Market
- 9.4.4. Australia Electric Heat Tracing Market
- 9.4.5. South Korea Electric Heat Tracing Market
- 9.4.6. Rest of Asia Pacific Electric Heat Tracing Market
9.5. Latin America Electric Heat Tracing Market Snapshot
- 9.5.1. Brazil Electric Heat Tracing Market
- 9.5.2. Mexico Electric Heat Tracing Market
9.6. Rest of The World Electric Heat Tracing Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. Anhui Huanrui Heating Manufacturing Co., Ltd.
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. Drexan Energy Systems, Inc.
- 10.2.3. Drexma Industries Inc.
- 10.2.4. Emerson Electric Company,
- 10.2.5. Parker-Hannifin Corporation
- 10.2.6. QmaxTest Research Corporation
- 10.2.7. Heat Trace Products, LLC.
- 10.2.8. Ives Equipment, Inc.
- 10.2.9. Danfoss A/S
- 10.2.10. Thermon

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Electric Heat Tracing market, report scope
TABLE 2. Global Electric Heat Tracing market estimates & forecasts by Region 2019-2028 (USD Billion)
TABLE 3. Global Electric Heat Tracing market estimates & forecasts by Type 2019-2028 (USD Billion)
TABLE 4. Global Electric Heat Tracing market estimates & forecasts by Application 2019-2028 (USD Billion)
TABLE 5. Global Electric Heat Tracing market estimates & forecasts by Vertical 2019-2028 (USD Billion)
TABLE 6. Global Electric Heat Tracing market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 7. Global Electric Heat Tracing market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 8. Global Electric Heat Tracing market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 9. Global Electric Heat Tracing market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 10. Global Electric Heat Tracing market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 11. Global Electric Heat Tracing market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 12. Global Electric Heat Tracing market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 13. Global Electric Heat Tracing market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 14. Global Electric Heat Tracing market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 15. Global Electric Heat Tracing market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 16. U.S. Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 17. U.S. Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 18. U.S. Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 19. Canada Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 20. Canada Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 21. Canada Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 22. UK Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 23. UK Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 24. UK Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 25. Germany Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 26. Germany Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 27. Germany Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 28. RoE Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 29. RoE Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 30. RoE Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 31. China Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 32. China Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 33. China Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 34. India Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 35. India Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 36. India Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 37. Japan Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 38. Japan Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 39. Japan Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 40. RoAPAC Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 41. RoAPAC Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 42. RoAPAC Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 43. Brazil Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 44. Brazil Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 45. Brazil Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 46. Mexico Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 47. Mexico Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 48. Mexico Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 49. RoLA Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 50. RoLA Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 51. RoLA Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 52. Row Electric Heat Tracing market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 53. Row Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 54. Row Electric Heat Tracing market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 55. List of secondary sources, used in the study of global Electric Heat Tracing market
TABLE 56. List of primary sources, used in the study of global Electric Heat Tracing market
TABLE 57. Years considered for the study
TABLE 58. Exchange rates considered

LIST OF FIGURES

List of figures

FIG 1. Global Electric Heat Tracing market, research methodology
FIG 2. Global Electric Heat Tracing market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Electric Heat Tracing market, key trends 2021
FIG 5. Global Electric Heat Tracing market, growth prospects 2022-2028
FIG 6. Global Electric Heat Tracing market, porters 5 force model
FIG 7. Global Electric Heat Tracing market, pest analysis
FIG 8. Global Electric Heat Tracing market, value chain analysis
FIG 9. Global Electric Heat Tracing market by segment, 2019 & 2028 (USD Billion)
FIG 10. Global Electric Heat Tracing market by segment, 2019 & 2028 (USD Billion)
FIG 11. Global Electric Heat Tracing market by segment, 2019 & 2028 (USD Billion)
FIG 12. Global Electric Heat Tracing market by segment, 2019 & 2028 (USD Billion)
FIG 13. Global Electric Heat Tracing market by segment, 2019 & 2028 (USD Billion)
FIG 14. Global Electric Heat Tracing market, regional snapshot 2019 & 2028
FIG 15. North America Electric Heat Tracing market 2019 & 2028 (USD Billion)
FIG 16. Europe Electric Heat Tracing market 2019 & 2028 (USD Billion)
FIG 17. Asia pacific Electric Heat Tracing market 2019 & 2028 (USD Billion)
FIG 18. Latin America Electric Heat Tracing market 2019 & 2028 (USD Billion)
FIG 19. Global Electric Heat Tracing market, company market share analysis (2021)