Global Electric Heat Tracing Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Electric Heat Tracing Market is presumed to reach the market size of nearly USD 7.04 Billion by 2032 from USD 3.48 Billion in 2023 with a CAGR of 8.14% under the study period 2024-2032.

Electric heat tracing, also called surface heating, refers to a system that raises and maintains the temperature of vessels, pipes, and equipment that may be exposed to colder environments. Electric heat tracing uses cable intended to give continuous wattage per unit of length and to give consistent heating along pipes. Heat tracing is a fundamental process for any tool or system that requires freeze protection. It leads to less operational and fewer maintenance problems. Many industries are utilizing electric heat tracers such as the oil, gas, textile, chemical and electrical power industry.

MARKET DYNAMICS

The high adoption of electric heat tracing systems above traditional steam tracing systems is the primary factor driving the electric heat tracing market over the forecast time frame. In addition to that, rising investment in developing oil/gas pipeline infrastructure and increasing health, safety and environmental concerns on the oil pipeline infrastructure contribute to the electric heat tracing market growth. The growing need for energy-efficient heat tracing systems is also positively impacting electric heat tracing market growth. Moreover, the growing adoption of heat tracing systems in power plants is likely to provide profitable growth opportunities for key players of the electric heat tracing market in the coming years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Electric Heat Tracing. The growth and trends of Electric Heat Tracing industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Electric Heat Tracing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Component

Electric Heat Tracing Cables
Power Connection Kits
RTD Sensors (Thermostat)
Other Accessories

By Application

Process Temperature Maintenance
Hot Water Temperature Maintenance
Floor Heating
Freezing Protection

By End-user Industry

Industrial
Commercial
Residential

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Electric Heat Tracing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Electric Heat Tracing market include Pentair PLC, Thermon Inc., Emerson Electric Co., Danfoss, Parker Hannifin Corp, BARTEC Top Holding GmBH, Warmup Plc, Heat Trace Limited, Chromalox (Subsidiary Of Spirax-Sarco Engineering Plc), Eltherm GmbH, BriskHeat, GF Piping Systems, Supermec Pte. Ltd., Raychem RPG Private Limited. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11213480

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. ELECTRIC HEAT TRACING - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Component
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By End-user Industry
- 3.7.4 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL ELECTRIC HEAT TRACING MARKET ANALYSIS BY COMPONENT

5.1. Overview By Component
5.2. Historical and Forecast Data
5.3. Analysis By Component
5.4. Electric Heat Tracing Cables Historic and Forecast Sales By Regions
5.5. Power Connection Kits Historic and Forecast Sales By Regions
5.6. RTD Sensors (Thermostat) Historic and Forecast Sales By Regions
5.7. Other Accessories Historic and Forecast Sales By Regions

6. GLOBAL ELECTRIC HEAT TRACING MARKET ANALYSIS BY APPLICATION

6.1. Overview By Application
6.2. Historical and Forecast Data
6.3. Analysis By Application
6.4. Process Temperature Maintenance Historic and Forecast Sales By Regions
6.5. Hot Water Temperature Maintenance Historic and Forecast Sales By Regions
6.6. Floor Heating Historic and Forecast Sales By Regions
6.7. Freezing Protection Historic and Forecast Sales By Regions

7. GLOBAL ELECTRIC HEAT TRACING MARKET ANALYSIS BY END-USER INDUSTRY

7.1. Overview By End-user Industry
7.2. Historical and Forecast Data
7.3. Analysis By End-user Industry
7.4. Industrial Historic and Forecast Sales By Regions
7.5. Commercial Historic and Forecast Sales By Regions
7.6. Residential Historic and Forecast Sales By Regions

8. GLOBAL ELECTRIC HEAT TRACING MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1 Overview, Historic and Forecast Data Sales Analysis
- 8.3.2 North America By Segment Sales Analysis
- 8.3.3 North America By Country Sales Analysis
- 8.3.4 United States Sales Analysis
- 8.3.5 Canada Sales Analysis
- 8.3.6 Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1 Overview, Historic and Forecast Data Sales Analysis
- 8.4.2 Europe By Segment Sales Analysis
- 8.4.3 Europe By Country Sales Analysis
- 8.4.4 United Kingdom Sales Analysis
- 8.4.5 France Sales Analysis
- 8.4.6 Germany Sales Analysis
- 8.4.7 Italy Sales Analysis
- 8.4.8 Russia Sales Analysis
- 8.4.9 Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1 Overview, Historic and Forecast Data Sales Analysis
- 8.5.2 Asia Pacific By Segment Sales Analysis
- 8.5.3 Asia Pacific By Country Sales Analysis
- 8.5.4 China Sales Analysis
- 8.5.5 India Sales Analysis
- 8.5.6 Japan Sales Analysis
- 8.5.7 South Korea Sales Analysis
- 8.5.8 Australia Sales Analysis
- 8.5.9 South East Asia Sales Analysis
- 8.5.10 Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1 Overview, Historic and Forecast Data Sales Analysis
- 8.6.2 Latin America By Segment Sales Analysis
- 8.6.3 Latin America By Country Sales Analysis
- 8.6.4 Brazil Sales Analysis
- 8.6.5 Argentina Sales Analysis
- 8.6.6 Peru Sales Analysis
- 8.6.7 Chile Sales Analysis
- 8.6.8 Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1 Overview, Historic and Forecast Data Sales Analysis
- 8.7.2 Middle East & Africa By Segment Sales Analysis
- 8.7.3 Middle East & Africa By Country Sales Analysis
- 8.7.4 Saudi Arabia Sales Analysis
- 8.7.5 UAE Sales Analysis
- 8.7.6 Israel Sales Analysis
- 8.7.7 South Africa Sales Analysis
- 8.7.8 Rest Of Middle East And Africa Sales Analysis

9. COMPETITIVE LANDSCAPE OF THE ELECTRIC HEAT TRACING COMPANIES

9.1. Electric Heat Tracing Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10. COMPANY PROFILES OF ELECTRIC HEAT TRACING INDUSTRY

10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. Pentair PLC
- 10.3.1 Company Overview
- 10.3.2 Company Revenue
- 10.3.3 Products
- 10.3.4 Recent Developments
10.4. Thermon Inc.
- 10.4.1 Company Overview
- 10.4.2 Company Revenue
- 10.4.3 Products
- 10.4.4 Recent Developments
10.5. Emerson Electric Co.
- 10.5.1 Company Overview
- 10.5.2 Company Revenue
- 10.5.3 Products
- 10.5.4 Recent Developments
10.6. Danfoss
- 10.6.1 Company Overview
- 10.6.2 Company Revenue
- 10.6.3 Products
- 10.6.4 Recent Developments
10.7. Parker Hannifin Corp
- 10.7.1 Company Overview
- 10.7.2 Company Revenue
- 10.7.3 Products
- 10.7.4 Recent Developments
10.8. BARTEC Top Holding GmBH
- 10.8.1 Company Overview
- 10.8.2 Company Revenue
- 10.8.3 Products
- 10.8.4 Recent Developments
10.9. Warmup Plc
- 10.9.1 Company Overview
- 10.9.2 Company Revenue
- 10.9.3 Products
- 10.9.4 Recent Developments
10.10. Heat Trace Limited
- 10.10.1 Company Overview
- 10.10.2 Company Revenue
- 10.10.3 Products
- 10.10.4 Recent Developments
10.11. Chromalox (Subsidiary Of Spirax-Sarco Engineering Plc)
- 10.11.1 Company Overview
- 10.11.2 Company Revenue
- 10.11.3 Products
- 10.11.4 Recent Developments
10.12. Eltherm GmbH
- 10.12.1 Company Overview
- 10.12.2 Company Revenue
- 10.12.3 Products
- 10.12.4 Recent Developments
10.13. BriskHeat
- 10.13.1 Company Overview
- 10.13.2 Company Revenue
- 10.13.3 Products
- 10.13.4 Recent Developments
10.14. GF Piping Systems
- 10.14.1 Company Overview
- 10.14.2 Company Revenue
- 10.14.3 Products
- 10.14.4 Recent Developments
10.15. Supermec Pte. Ltd.
- 10.15.1 Company Overview
- 10.15.2 Company Revenue
- 10.15.3 Products
- 10.15.4 Recent Developments
10.16. Raychem RPG Private Limited
- 10.16.1 Company Overview
- 10.16.2 Company Revenue
- 10.16.3 Products
- 10.16.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies