Electric Heat Tracing Market Report 2022: Top Manufacturers, Industry Challenges, Business Strategies, Revenue Value and Competitive Landscape

Electric Heat Tracing Market Report 2022: Top Manufacturers, Industry Challenges, Business Strategies, Revenue Value and Competitive Landscape

Electric heat tracing, also known as heat tape or surface heating, is a heat tracing technique that uses heat tracing wires to maintain, increase, or improve the temperature of pipes, floors, vessels, and other infrastructure surfaces. To track the heat, the heating cables are fastened to the product pipe or the equipment surface.

 

Trace heating can be used to prevent pipes from freezing, to keep hot water flowing at a steady temperature, or to maintain process temperatures for piping that is intended to convey materials that can harden at room temperature. Steam trace heating can be replaced with electric trace heating cables when steam is unavailable or undesirable. Electric trace heating cables can be used on sewer lines, in water, at precise locations where freezing may occur, and in places where temperatures may drop significantly, which may cause pipes, vessels, and other industrial components to freeze.

 

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In the coming years, the market for electric heat tracing is anticipated to expand at a consistent CAGR.

 

MARKET DRIVERS:

Major relying factors for the growth of this market include the rising demand for low-maintenance, energy-efficient electric heat tracing systems, the increasing adoption of these systems over traditional steam tracing systems, the expansion of compliance requirements in relevant industries, the rising demand for energy-efficient self-regulating cables, and the replacement of steam heat tracing with electric heat tracing systems.

 

Additionally, the growing interest among businesses across various industries in operational improvements to boost efficiency and the ongoing adoption of automated monitoring and control solutions globally are anticipated to fuel the growth of the global Electric Heat Tracing market. These factors are coupled with rising environmental, health, and safety concerns for the oil pipeline infrastructure.

 

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However, the high installation costs necessary for these systems because of their intricate design, worries about the catastrophic effects of heating cables being stacked on top of one another, the need for ongoing auditing to find non-functioning or problematic heat traces, and the complexity of insulation are some of the factors that prevent this market from expanding.

ELECTRIC HEAT TRACING MARKET SEGMENTATION:

By Type:

  • Self-Regulating
  • Constant Wattage
  • Mineral Insulated
  • Skin Effect

By System Component:

  • Heating tracing cables
  • Monitoring and control systems
  • Power connection kit
  • Insulation material
  • Others

By Application

  • Freeze Protection & Process Temperature Maintenance
  • Floor Heating
  • Viscosity Control
  • Roof & Gutter De-Icing
  • Others

By End-Use Industry:

  • Oil & Gas
  • Chemicals
  • Power & Energy
  • Food & Beverages
  • Water & Wastewater Management
  • Commercial
  • Residential
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

FEW KEY PLAYERS IN ELECTRIC HEAT TRACING MARKET:

  • NIBE Industrier
  • Thermon Inc.
  • Emerson Electric Co.
  • Danfoss
  • TRACELEC Group
  • Urecon Ltd.
  • Jiahong
  • Eltherm
  • Parker Hannifin Corp
  • nVent
  • Drexan Energy Systems Inc.
  • Heat Trace Products
  • QMax Industries Inc.
  • BARTEC
  • Spirax-Sarco Engineering
  • Technitrace
  • Anhui Huanrui Heating Manufacturing Co. Ltd.
  • SST Group
  • Chromalox, Inc.
  • Briskheat Corporation
  • Drexma Industries Inc.
  • Ives Equipment, Inc.
  • Neptech
  • Ebeco
  • Emerson Electric Co.
  • Pentair plc.
  • Parker-Hannifin
  • Warmup Plc.
  • Other Players

 

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KD Market Insights is a global market research and business-consulting organization that aims to provide a deep market insight to our clients, which helps them in better decision making in the dynamic environment. We have a team of highly qualified personnel that studies the market in-depth to provide our clients with better strategies to stand out in the market.

Our report covers the current market status, opportunities available in the market, growth plans, and emerging trends in order to cater to the evolving needs of the customers. We help businesses around the globe with operational improvements, technologies, emerging market trends which in-depth boost the company’s growth in the future. The reports prepared by us are customized according to the client’s needs. We inculcate high morale and ethics while preparing our report which helps in building long-term relationships with our clients.

 

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