PUBLISHER: The Business Research Company | PRODUCT CODE: 1664269
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664269
Electrical heat tracing is a highly precise electrical system utilized to maintain or elevate the temperature in critical lines. This system employs heat tracing cables to regulate the temperature of pipes, valves, and instrument panels.
The primary types of electric heat tracing include self-regulating, constant wattage, mineral-insulated, and skin-effect. Self-regulating refers to a type of heat trace cable designed to automatically adjust its power output based on surface temperature and ambient conditions. The components involved in electrical heat tracing systems include heat tracing cables, power connection kits, control and monitoring systems, thermal insulation materials, and others. These systems find applications in various verticals such as oil and gas, chemical, commercial, residential, power and energy, food and beverage, pharmaceutical, water and wastewater treatment, and others. Common applications include freeze protection processes and temperature maintenance, roof and gutter de-icing, floor heating, and more.
The electric heat tracing market research report is one of a series of new reports from The Business Research Company that provides electric heat tracing market statistics, including electric heat tracing industry global market size, regional shares, competitors with a electric heat tracing market share, detailed electric heat tracing market segments, market trends and opportunities, and any further data you may need to thrive in the electric heat tracing industry. This electric heat tracing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The electric heat tracing market size has grown strongly in recent years. It will grow from $2.57 billion in 2024 to $2.75 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to commercial and residential applications, energy efficiency focus, oil & gas industry growth, freeze protection needs, industrial applications.
The electric heat tracing market size is expected to see strong growth in the next few years. It will grow to $3.67 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to digitalization and IoT integration, rise in pharmaceutical & chemical manufacturing, cold chain logistics expansion, stringent safety standards, infrastructure development. Major trends in the forecast period include cold chain logistics, pharmaceutical and chemical industries, renewable energy and sustainability, regulatory compliance and standards, focus on safety and reliability.
The increasing automation and industrialization worldwide are anticipated to drive the growth of the electric heat tracing market in the future. Automation and industrialization refer to the shift from a manual labor-based economy to one dominated by machine labor in an industrial society. The rise in automation within electric heat system manufacturing processes leads to lower operating costs, enhanced worker safety, shorter factory lead times, and simplified monitoring of heat trace operations. For example, in September 2023, a report from the International Federation of Robotics, a Germany-based organization for industrial automation services, highlighted that the latest World Robotics report noted 553,052 industrial robot installations in factories globally, marking a 5% year-on-year growth in 2022. Regionally, 73% of newly deployed robots were installed in Asia, 15% in Europe, and 10% in the Americas. The industrial robot market is projected to expand by 7% in 2023, reaching over 590,000 units worldwide. Thus, the rising automation and industrialization around the globe are propelling the growth of the electric heat tracing market.
The escalating development of green buildings is poised to significantly boost the electric heating market. Green building practices involve employing resource- and environmentally conscious methods throughout a building's lifecycle, from design and construction to operation and deconstruction. Electric heating systems are gaining traction in green buildings due to their efficiency, cleanliness, and sustainability advantages over conventional fossil fuel-based heating systems. A notable example lies in the surge of LEED (Leadership in Energy and Environmental Design) certification, where over 36,835 projects totaling 4.63 billion gross square feet received certification between 2017 and 2021, as per the US Green Building Council (USGBC). The consistent rise, with over 5,000 new projects certified in the first three quarters of 2022, underscores the increasing integration of electric heating systems in green buildings across regions such as the United States, Canada, East Asia, and Europe, propelling the electric heating market.
Product development and innovation are emerging as significant trends in the electric heat tracing market. Key players in the industry are launching advanced electric heat tracing systems that incorporate cutting-edge technologies such as self-regulating, power limiting, parallel constant wattage, series resistance (both polymer and mineral), and skin effect tracing. For example, in June 2022, nVent, a UK-based company that designs, manufactures, markets, installs, and services electrical connection and protection solutions, introduced the RAYCHEM ETS-05 heat tracing thermostat. This new addition to the nVent RAYCHEM ETS-05 controller family offers a cost-effective local heat tracing control solution with enhanced central monitoring capabilities, addressing the growing demand for equipment connectivity in industrial settings. The ETS-05-AL thermostat features an expanded voltage range of up to 277 volts and includes a relay for remote alarm monitoring. This capability allows plant operators to identify faults from the central control room, enabling quicker and more efficient fault resolution while also reducing on-site maintenance costs. Moreover, the adjustable fail-safe feature lets operators customize the solution to fit the specific needs of various applications.
Leading companies within the electric heat tracing market are prioritizing strategic collaborations with major manufacturing entities to fortify their market positions. These strategic alliances enable firms to join forces with other companies possessing specialized expertise, facilitating the transformation of conceptual ideas into tangible products and solutions. For instance, in October 2023, Eltherm Group, a Germany-based manufacturer specializing in electrical heat tracing cables and systems, unveiled a strategic partnership with Thorne & Derrick International, a UK-based firm specializing in electrical equipment, electrical processes, and trace heating solutions. Through this alliance, Eltherm Group aims to secure access to the largest inventory of heat-tracing cables in the UK, enhancing its market presence and offerings.
In May 2023, nVent, a UK-based provider of electrical solutions, acquired ECM Industries in a deal valued at $1.1 billion. This acquisition strengthens nVent's portfolio by broadening its cable management offerings with complementary products and incorporating tools and test instruments. ECM Industries is a US-based supplier of electric heat tracing solutions.
Major companies operating in the electric heat tracing market include Thermon Group Holding Inc., Bartec Top Holding GmbH, Danfoss, eltherm GmbH, Emerson Electric Co., Drexan Energy System Inc., Chromalox Inc., Briskheat Corporation, Parker Hannifin Corporation, Warmup Inc, Ives Equipment Inc., Spirax-Sarco Engineering plc, Neptech Inc., Perma-Pipe International Holdings Inc., Pentair Plc., Urecon Ltd., Supermec, Raychem RPG, nVent Electric plc, NIBE Industrier AB, Watlow Electric Manufacturing Company, Heat Trace Limited, Tyco Thermal Controls, Nelson Heat Trace, RSCC Heat Trace, Technitrace
North America was the largest region in the electric heat tracing market in 2024. Asia-pacific is expected to be the fastest-growing region in the electric heat tracing market during the forecast period. The regions covered in the electric heat tracing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the electric heat tracing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electric heat tracing market consists of revenues earned by entities by providing engineering services, project management, supply, installation and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Electric Heat Tracing Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electric heat tracing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electric heat tracing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electric heat tracing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.