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Electric Heat Tracing Market to Surpass at a Value of $4.12 billion by 2026

According to Stratistics MRC, the Global Electric Heat Tracing (EHT) market is accounted for $2.14 billion in 2017 and is expected to reach $4.12 billion by 2026 growing at a CAGR of 7.5%. Some of the key factors fueling the market include rising demand for heat tracing systems from several industries, adoption of electric heat tracing systems over conventional steam and increasing demand for permanent heating solutions. However, high cost, complex design and devastating effects of overlapping of heating cables are hampering the market growth.

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Electric heat tracing is used to sustain the temperature within pipes, tanks and vessels.. It is also used to reimburse for the loss of heat. Mainly, electric heat tracing is used to avoid freezing by maintaining the material above the essential temperature that enables smooth material flow inside the pipe or vessel. Electric heat tracing decreases the viscosity of a fluid for effective pumping.

Moreover, it is also used to raise the temperature of the fluid inside the pipe, avoid the formation of liquids in gas lines, and enable minimal formation of solids in liquid pipes. Early and regular electric heat tracing audit is very important, as it could help in predicting the approximate time of electric heat tracing failure.

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Amongst end user, oil & gas industry held largest market share. In many regions, there is a rise in the development of oil and gas pipelines as in cold conditions, heat trace systems are required for the continuous flow of a fluid or gas in the pipeline and to protect them from freezing. In this industry, heat tracing systems are used for different applications such as process temperature maintenance, viscosity control, pipe freeze protection and tank heating.

By geography, North America is anticipated to dominate the global market during the forecast period due to increasing acceptance of electric heat tracing systems for a variety of applications. In addition, as it is cold region, the chances of pipe freezing are high. Oil & gas is a main industry in the US, which is important to the economy of North America.

Some of the key players in the global Electric Heat Tracing (EHT) market Bartec, Briskheat, Chromalox, Danfoss, Drexan, Eltherm, Emerson, Heat Trace Products, Neptech, Parker-Hannifin, Pentair, Qmax, Technitrace, Thermon and Warmup.

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Types Covered:

Skin Effect

Constant Wattage

Mineral–Insulated

Self-Regulating

 

End Users Covered:

Chemicals

Water & Wastewater Management

Oil & Gas

Food & Beverages

Commercial

Power & Energy

Residential

Other End Users

 

Applications Covered:

Floor Heating

Process Temperature Maintenance

Freeze Protection

Viscosity Control

Roof and Gutter

Other Applications

 

Regions Covered:

North America

US

Canada

Mexico

Europe

Germany

UK

Italy

France

Spain

Rest of Europe

Asia Pacific

Japan

China

India

Australia

New Zealand

South Korea

Rest of Asia Pacific

South America

Argentina

Brazil

Chile

Rest of South America

Middle East & Africa

Saudi Arabia

UAE

Qatar

South Africa

Rest of Middle East & Africa

 

Table of Content

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Electric Heat Tracing (EHT) Market, By Type

6 Global Electric Heat Tracing (EHT) Market, By End User

7 Global Electric Heat Tracing (EHT) Market, By Application

8 Global Electric Heat Tracing (EHT) Market, By Geography

9 Key Developments

10 Company Profiling

 

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