The electric heat tracing market, based on type, has been segmented into self-regulating, constant wattage, mineral-insulated, skin effect. Self-regulating is the leading type of heat tracing cables and is expected to dominate the market during the forecast period. Self-regulating heating cables increase power as the temperature drops, and decrease power as the temperature rises; hence, they are more energy-efficient than any other type of cables. These systems have a long lifespan and require less maintenance, which is also one of the prime reasons that they are preferred for various applications. Hence, self-regulating cables are expected to boost the market for electric heat tracing systems.
The growth of this market can be attributed to the increasing demand for energy-efficient electric heat tracing systems, low maintenance cost, and high adoption of electric heat tracing systems over conventional systems.
In 2019, the market size of Electric Heat Tracing is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of 4.8% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Electric Heat Tracing.
This report studies the global market size of Electric Heat Tracing, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Electric Heat Tracing production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Market Segment by Product Type
Market Segment by Application
Oil & gas
Power & energy
Food & beverages
Water & wastewater management
Key Regions split in this report: breakdown data for each region.
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Electric Heat Tracing status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Electric Heat Tracing manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Electric Heat Tracing are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025