Electric Heat Tracing (EHT) Market to Show Impressive Growth Rate between 2020 – 2027

The research and analysis conducted in Electric Heat Tracing (EHT) Market Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Electric Heat Tracing (EHT) industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Electric Heat Tracing (EHT) Market report is provided that covers many work areas.

Global electric heat tracing (EHT) market is expected to rise to an estimated value of USD 3.97 billion by 2026, registering a CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the adoption of permanent heating solutions and systems from various applicable industries.

Electric trace heating is the process of enhancing the levels of temperature in pipes, floors, vessels and other infrastructural surfaces with the help of heat tracing cables. This is highly significant in areas where the temperatures can drop significantly and can result in freezing of pipes, vessels and other components in an industry. This method also helps in optimal maintenance of processes by helping keep a consistent temperature base in a more efficient manner as compared to other heating solutions such as insulation or jacketing.

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Market Drivers:

  • Rapid preference of these systems over conventional steam tracing methods is expected to propel the growth of the market
  • Lower costs of operations and maintenance; this factor is expected to drive the growth of the market
  • Focus of various industries on adoption of resource efficient systems for heating will also boost the market growth

Market Restraints:

  • Significant negative impacts associated with heat cables overlapping; this factor is expected to hamper the growth of the market
  • Large levels of costs required for installation of these systems due to their complicated designing is another factor restricting this market growth in the forecast period

Segmentation: Global Electric Heat Tracing (EHT) Market

By Type

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

By Application

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

By Vertical

  • Oil & Gas
  • Chemicals
  • Commercial
  • Residential
  • Power & Energy
  • Food & Beverages
  • Water & Wastewater Management
  • Others
    • Pulp & Paper
    • Transportation
    • Textile

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Egypt
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In May 2019, nVent announced the availability of “RAYCHEM Elexant 4010i”. This controller belonging to the company’s “Elexant” product range provides an efficient control solution enabling greater security and reliability in controlling of heat tracing technology. It also helps in the integration of more advanced and cost-effective technological solutions
  • In April 2018, nVent announced that they had completed the separation of their business operations from “Pentair plc”. The company will consist of a highly advanced portfolio of electrical products for critical applications wherein the requirement of significantly reducing the incidences of failure is utmost important. This spin-off will provide customers with a more focused and streamlined approach in provision of electrical systems

Competitive Analysis

Global electric heat tracing (EHT) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electric heat tracing (EHT) market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global electric heat tracing (EHT) market are nVent; Thermon, Inc. BARTEC; Spirax-Sarco Engineering plc; Emerson Electric Co.; Danfoss; eltherm GmbH; BriskHeat; Parker Hannifin Corp; Drexan Energy Systems, Inc.; HEAT TRACE; Heat Trace Products, LLC; QMax Industries Inc.; Technitrace; Anhui Huanrui Heating Manufacturing Co.,Ltd.; SST Group; Drexma Industries Inc.; Ives Equipment, Inc.; TRACELEC Group; Urecon Ltd.; jiahong among others.

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request FREE TOC at @ https://www.databridgemarketresearch.com/toc/?dbmr=global-electric-heat-tracing-eht-market&somesh

Key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the all inclusive Electric Heat Tracing (EHT) report. This report aims to examine the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position and comparative pricing between major players. It is a professional and a detailed report focusing on primary and secondary drivers, market share, market size, sales volume, leading segments and geographical analysis. Global Electric Heat Tracing (EHT) market report contains comprehensive and thorough insights which are based on business intelligence.

Major Highlights of Electric Heat Tracing (EHT) market in Covid-19 pandemic covered in report:

The report provides impact of COVID-19 on Electric Heat Tracing (EHT) market along with its impact on overall industry and economy of world. Further, it adds changes in consumer buying behavior as it impacts majorly on market growth and sales. Distributors and traders on marketing strategy analysis focusing on region wise needs in covid-19 pandemic is also added in the Electric Heat Tracing (EHT) market report. The last segment of COVID-19 impact chapter include recovery and major changes opted by major players involved in Electric Heat Tracing (EHT) market.

Reasons to Purchase this Report:

  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Market value USD Million and volume Units Million data for each segment and sub-segment
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Content:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

PART 05: MARKET LANDSCAPE

PART 06: MARKET SIZING

PART 07: FIVE FORCES ANALYSIS

PART 08: MARKET SEGMENTATION BY PRODUCT

PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

PART 10: CUSTOMER LANDSCAPE

PART 11: MARKET SEGMENTATION BY END-USER

PART 12: REGIONAL LANDSCAPE

PART 13: DECISION FRAMEWORK

PART 14: DRIVERS AND CHALLENGES

PART 15: MARKET TRENDS

PART 16: COMPETITIVE LANDSCAPE

PART 17: COMPANY PROFILES

PART 18: APPENDIX

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