The Global Electric Heat Tracing Market is Expected to Grow at a CAGR of 8% by 2026

According to a market report by Lucintel, the future of the electric heat tracing market looks promising with opportunities in the oil & gas, chemical, commercial, residential, power & energy, food & beverage, pharmaceutical, and water & wastewater management industries. The global electric heat tracing market is expected to grow with a CAGR of 8% from 2021 to 2026. The major drivers for this market are increasing demand for energy efficient heat tracing system and growing adoption of electric heat tracing system over conventional steam tracing system.

To download report brochure, please go to www.lucintel.com/electric-heat-tracing-market.aspx and click "download brochure" tab from the menu.

In this market, different types of electric heat tracing, such as self-regulating, constant wattage, mineral insulated, and skin effect, are used in a wide range of industries. Self-regulating will remain the largest segment, as they are energy efficient and increases power as the temperature drops.

Within the electric heat tracing market, oil and gas will remain the largest end use industry during the forecast period due to their wide usage in various applications, such as process temperature maintenance, viscosity control, and freeze protection.

North America will remain the largest region during the forecast period due to strict regulations on industrial safety and high preference for energy efficient heat tracing solutions.

nVent, Thermon, Spirax-Sarco Engineering, NIBE Industrier, Danfoss, BriskHeat; Parker Hannifin, Urecon, and BARTEC are among the major electric heat tracing manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global electric heat tracing market by type, end use industry, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Electric Heat Tracing Market 2021-2026: Market Size, Trends and Growth Analysis”. This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global electric heat tracing market by type, end use industry, application, and region as follows:

By Type [$M shipment analysis for 2015–2026]:

Self-Regulating

Constant Wattage

Mineral Insulated

Skin Effect

 

By End Use Industry [$M shipment analysis for 2015–2026]:

Oil & Gas

Chemicals

Commercial

Residential

Power & Energy

Food & Beverages

Pharmaceuticals

Water & Wastewater Management

Others

 

By Application [$M shipment analysis for 2015–2026]:

Freeze Protection & Process Temperature Maintenance

Floor Heating

Roof & Gutter De-Icing

Others

 

By Region [$M shipment analysis for 2015–2026]:

North America

United States

Canada

Mexico

 

Europe

Germany

United Kingdom

France

Italy

 

Asia Pacific

China

Japan

India

South Korea

 

The Rest of the World

This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.

 

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due Diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.