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Electric Heat Tracing Global Market Report 2024

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    Report

  • 200 Pages
  • January 2024
  • Region: Global
  • The Business Research Company
  • ID: 5790562
The electric heat tracing market size has grown strongly in recent years. It will grow from $2.43 billion in 2023 to $2.62 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth observed during the historic period in the field of electrical heat tracing can be attributed to several factors. These include the widespread use in commercial and residential applications, a growing focus on energy efficiency, the expansion of the oil and gas industry, the increasing demand for freeze protection in various sectors, and the adoption of electrical heat tracing in industrial applications. These factors collectively contributed to the development and utilization of electrical heat tracing solutions during that time.

The electric heat tracing market size is expected to see strong growth in the next few years. It will grow to $3.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The anticipated growth in the forecast period for electrical heat tracing can be attributed to various factors. These include the integration of digitalization and the Internet of Things (IoT), the increasing growth in pharmaceutical and chemical manufacturing, the expansion of cold chain logistics, the adherence to stringent safety standards, and ongoing infrastructure development. Major trends expected in the forecast period encompass the utilization of electrical heat tracing in cold chain logistics, a focus on applications in the pharmaceutical and chemical industries, considerations for renewable energy and sustainability, a heightened emphasis on regulatory compliance and standards, and an increased focus on safety and reliability in the implementation of electrical heat tracing systems.

The anticipated surge in global automation and industrialization is set to drive the growth of the electric heat tracing market. The evolution towards automation and industrialization signifies a shift from manual labor-oriented economies to machine-driven industrial societies. This transition fosters advancements in electric heat system manufacturing processes, resulting in reduced operational expenses, heightened worker safety, decreased factory lead times, and enhanced monitoring capabilities for heat trace processes. Notably, a report from the International Federation of Robotics revealed that in 2021, approximately 3 million industrial robots were operational in worldwide factories, marking a 10% increase with 384,000 units shipped globally in 2020. This trend underscores how burgeoning automation and industrialization are pivotal drivers propelling the electric heat tracing market's growth trajectory.

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.

The trend of product development and innovation stands out as a key driver in the electric heat tracing market. Noteworthy market players are introducing cutting-edge electric heat tracing systems equipped with advanced technologies such as self-regulating, power limiting, parallel constant wattage, series resistance (polymer or mineral), and skin effect tracing. For instance, nVent Electric plc, a UK-based electric heat tracing solution provider, launched the nVent Raychem HTV Heating Cable in June 2021. This cable incorporates a newly developed semi-conductive polymer nanocomposite material, ensuring improved heat stability and enhanced thermal strength. With the ability to function continuously at temperatures up to 205°C (400°F) and withstand temperatures as high as 260°C (500°F), this innovation represents a significant leap in energy preservation and operational efficiency in high-temperature environments.

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 July 2021, Nibe Industries, a Swedish company specializing in heat trace and heating technology, made an undisclosed acquisition of Heat Trace Ltd. This strategic acquisition strategy involves integrating Heat Trace Ltd. into NIBE's Element business area, thereby expanding NIBE's product portfolio concerning intelligent heating solutions and components. Heat Trace Ltd., a UK-based manufacturer specializing in electric heat tracing equipment, represents a key addition to NIBE's offerings, aligning with its goal of diversifying and enhancing its range of intelligent heating solutions.

Major companies operating in the electric heat tracing market report are 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., QmaxTest Research Corporation, SST Group Inc., Pentair Plc., Urecon Ltd., Supermec, Raychem RPG, nVent Electric plc, NIBE Industrier AB, Watlow Electric Manufacturing Company, Heat Trace Limited, Tyco Thermal Controls, Trasor Corp, Delta-Therm Corporation, Nelson Heat Trace, RSCC Heat Trace, Technitrace.

North America was the largest region in the electric heat tracing market in 2023. 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 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 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 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.


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Table of Contents

1. Executive Summary2. Electric Heat Tracing Market Characteristics3. Electric Heat Tracing Market Trends and Strategies
4. Electric Heat Tracing Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Electric Heat Tracing Market Size and Growth
5.1. Global Electric Heat Tracing Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Electric Heat Tracing Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Electric Heat Tracing Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Electric Heat Tracing Market Segmentation
6.1. Global Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Electric Heat Tracing Cables
  • Power Connection Kits
  • Control and Monitoring Systems
  • Thermal Insulation Materials
  • Other Components
6.2. Global Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Self-Regulating
  • Constant Wattage
  • Mineral-Insulated
  • Skin Effect
6.3. Global Electric Heat Tracing Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Oil and Gas
  • Chemical
  • Commercial
  • Residential
  • Power and Energy
  • Food and Beverage
  • Pharmaceutical
  • Water and Wastewater Treatment
  • Other Verticals
6.4. Global Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Freeze Protection Process and Temperature Maintenance
  • Roof and Guttering De-Icing
  • Floor Heating
  • Other Applications
7. Electric Heat Tracing Market Regional and Country Analysis
7.1. Global Electric Heat Tracing Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Electric Heat Tracing Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Electric Heat Tracing Market
8.1. Asia-Pacific Electric Heat Tracing Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Electric Heat Tracing Market
9.1. China Electric Heat Tracing Market Overview
9.2. China Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Electric Heat Tracing Market
10.1. India Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Electric Heat Tracing Market
11.1. Japan Electric Heat Tracing Market Overview
11.2. Japan Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Electric Heat Tracing Market
12.1. Australia Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Electric Heat Tracing Market
13.1. Indonesia Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Electric Heat Tracing Market
14.1. South Korea Electric Heat Tracing Market Overview
14.2. South Korea Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Electric Heat Tracing Market
15.1. Western Europe Electric Heat Tracing Market Overview
15.2. Western Europe Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Electric Heat Tracing Market
16.1. UK Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Electric Heat Tracing Market
17.1. Germany Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Electric Heat Tracing Market
18.1. France Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Electric Heat Tracing Market
19.1. Italy Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Electric Heat Tracing Market
20.1. Spain Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Electric Heat Tracing Market
21.1. Eastern Europe Electric Heat Tracing Market Overview
21.2. Eastern Europe Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Electric Heat Tracing Market
22.1. Russia Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Electric Heat Tracing Market
23.1. North America Electric Heat Tracing Market Overview
23.2. North America Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Electric Heat Tracing Market
24.1. USA Electric Heat Tracing Market Overview
24.2. USA Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Electric Heat Tracing Market
25.1. Canada Electric Heat Tracing Market Overview
25.2. Canada Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Electric Heat Tracing Market
26.1. South America Electric Heat Tracing Market Overview
26.2. South America Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Electric Heat Tracing Market
27.1. Brazil Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Electric Heat Tracing Market
28.1. Middle East Electric Heat Tracing Market Overview
28.2. Middle East Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Electric Heat Tracing Market
29.1. Africa Electric Heat Tracing Market Overview
29.2. Africa Electric Heat Tracing Market, Segmentation by Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Electric Heat Tracing Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Electric Heat Tracing Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Electric Heat Tracing Market Competitive Landscape and Company Profiles
30.1. Electric Heat Tracing Market Competitive Landscape
30.2. Electric Heat Tracing Market Company Profiles
30.2.1. Thermon Group Holding Inc.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Bartec Top Holding GmbH
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Danfoss
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. eltherm GmbH
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Emerson Electric Co.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Global Electric Heat Tracing Market Competitive Benchmarking32. Global Electric Heat Tracing Market Competitive Dashboard33. Key Mergers and Acquisitions in the Electric Heat Tracing Market
34. Electric Heat Tracing Market Future Outlook and Potential Analysis
34.1 Electric Heat Tracing Market in 2028 - Countries Offering Most New Opportunities
34.2 Electric Heat Tracing Market in 2028 - Segments Offering Most New Opportunities
34.3 Electric Heat Tracing Market in 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies
35. Appendix
35.1. Abbreviations
35.2. Currencies
35.3. Historic and Forecast Inflation Rates
35.4. Research Inquiries
35.5. About the Analyst
35.6. Copyright and Disclaimer

Executive Summary

Electric Heat Tracing Global Market Report 2024 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.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • All data from the report will also be delivered in an excel dashboard format.

Description

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? This report 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.

Scope

Markets Covered:

1) By Components: Electric Heat Tracing Cables; Power Connection Kits; Control and Monitoring Systems; Thermal Insulation Materials; Other Components

2) By Type: Self-Regulating; Constant Wattage; Mineral-Insulated; Skin Effect

3) By Vertical: Oil and Gas; Chemical; Commercial; Residential; Power and Energy; Food and Beverage; Pharmaceutical; Water and Wastewater Treatment; Other Verticals

4) By Application: Freeze Protection Process and Temperature Maintenance; Roof and Guttering De-Icing; Floor Heating; Other Applications

Companies Mentioned: Thermon Group Holding Inc.; Bartec Top Holding GmbH; Danfoss; eltherm GmbH; Emerson Electric Co.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • 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.
  • QmaxTest Research Corporation
  • SST Group Inc.
  • Pentair Plc.
  • Urecon Ltd.
  • Supermec
  • Raychem RPG
  • nVent Electric plc
  • NIBE Industrier AB
  • Watlow Electric Manufacturing Company
  • Heat Trace Limited
  • Tyco Thermal Controls
  • Trasor Corp
  • Delta-Therm Corporation
  • Nelson Heat Trace
  • RSCC Heat Trace
  • Technitrace

Methodology

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