Recent research and the current scenario as well as future market potential of Electric Heat Tracing Market – Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 – 2025
Expanding number of industrial and commercial piping systems is one of the key factors contributing to the growth of global Electric Heat Tracing market. Electric heat tracing system consists of various components such as electric heat tracing cable, power connection kit, thermostat, electric heat tracing label, and thermal insulation. The heating cables are attached to the product pipe or the equipment surface in order to trace the heat. Resistive type electric heat tracing system is the commonly used heating system across various commercial applications, where heat is produced in proportion to the square of the current (I) and the resistance (R) of the elements (I2R). The design parameters of an electric system varies according to application, and also the heat trace control scenarios range from simple to complex based on the type of trace used and the process.
Electric Heat Tracing Market: Market Dynamics
Expanding compliance requirements, and continuous migration from steam tracing systems to electric heat system are the prominent factors contributing to the growth of global Electric Heat Tracing market. Increasing investment on developing oil/gas pipeline infrastructure coupled with rising environmental, health, and safety concerns on the oil pipeline infrastructure, accelerates the growth of global Electric Heat Tracing market. Additionally, growing interest by organizations across various industries on operational improvements to enhance efficiency and continuous adoption to automated monitoring and control solutions is expected to fuel the growth of global Electric Heat Tracing market.
However, requirement of continuous auditing to identify non-functioning/problematic heat trace, and complexity in insulation are identified as restraints which are likely to deter the progression of global Electric Heat Tracing market.
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Electric Heat Tracing Market: Market Segmentation
The global Electric Heat Tracing market is segmented on the basis of system components, type, end user industry, and region.
On the basis of system components, global Electric Heat Tracing market can be segmented into following types;
- Heating tracing cables
- Monitoring and control systems
- Power connection kit
- Insulation material
On the basis of type, the global Electric Heat Tracing market can be segmented into following types;
- Skin effect
On the basis of end user industry, the global Electric Heat Tracing market can be segmented into following industries;
- Oil & Gas
- Food & Beverages
- Water & Sewage Management
- Power & Energy
Electric Heat Tracing Market: Regional Outlook
Regionally, the global Electric Heat Tracing market is segmented across North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan, Japan, and Middle East & Africa. Among all regions, North America Electric Heat Tracing market is expected to dominate the market due stringent regulation on industrial safety and high preference energy efficient heat tracing solutions. Asia Pacific is identified as the fastest growing Electric Heat Tracing market, due to rapid industrialization and expanding oil/gas pipeline infrastructure.
Electric Heat Tracing Market: Competition Landscape
Some of the prominent players in the global Electric Heat Tracing market includes, Thermon, BARTEC, Pentair plc, Danfoss, Chromalox, BriskHeat, eltherm GmbH, PARKER HANNIFIN CORP, Warmup Inc., and Urecon Ltd.
The report covers exhaustive analysis on:
- Electric Heat Tracing Market segments
- Electric Heat Tracing Market dynamics
- Historical Actual Market Size, 2015 – 2016
- Electric Heat Tracing Market size & forecast 2017 to 2027
- Ecosystem analysis
- Electric Heat Tracing Market current trends/issues/challenges
- Competition & Companies involved technology
- Value Chain
- Electric Heat Tracing Market drivers and restraints
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Regional analysis for Electric Heat Tracing Market includes
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of the Western Europe
- Eastern Europe
- Rest of the Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Australia and New Zealand (ANZ)
- Rest of APEJ
- The Middle East & Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
- Tailwinds and headwinds molding the market’s trajectory
- Market segments based on products, technology, and applications
- Prospects of each segment
- Overall current and possible future size of the market
- Growth pace of the market
- Competitive landscape and key players’ strategies
The main aim of the report is to:
- Enable key stakeholder’s in the market bet right on it
- Understand the opportunities and pitfalls awaiting them
- Assess the overall growth scope in the near term
- Strategize effectively with respect to production and distribution
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