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.
Request Sample Copy of Research Report @ http://orbisresearch.com/contacts/request-sample/2108329
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.
Make an Enquiry @ http://orbisresearch.com/contacts/enquiry-before-buying/2108329
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.
End Users Covered:
Water & Wastewater Management
Oil & Gas
Food & Beverages
Power & Energy
Other End Users
Process Temperature Maintenance
Roof and Gutter
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
Table of Content
1 Executive Summary
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
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9164101019