Market Overview:
The global electric trace heating market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the electric trace heating market can be attributed to the increasing demand for electric trace heating in various applications, such as petrochemical industry, electric industry, food industry, pharmaceutical industry and chemical industry. In addition, the growing demand for energy-efficient and environment-friendly technologies is also contributing to the growth of this market. Based on type, the global electric trace heating market can be segmented into self-regulating type, constant wattage type and mineral insulated type. The self-regulating type is expected to dominate the global electric trace heating market during the forecast period owing to its features such as automatic temperature control and low power consumption. Based on application, the global Electric Trace Heating Market can be segmented into petrochemical Industry; Electric Industry; Food Industry; Pharmaceuticals Industry; Chemical Industries ; Others (Marine Applications etc.). Petrochemical industries are anticipated witness highest adoption rate for ETH systems owing high production rates coupled with stringent environmental regulations across different geographies . Asia Pacific region is projected witness highest CAGR over forecast period followed by North America region due To Increasing industrialization And Urbanization In Emerging Economies Such As China And India .
Product Definition:
Electric trace heating is a type of electric heating that uses electrical current to heat objects or substances. Electric trace heating is often used in applications where it is necessary to heat a specific object or area quickly and evenly. Electric trace heating can be used to heat everything from metal parts to food products.
Self-Regulating:
Self-Regulating Heating Devices (SRHD) are electronic devices that regulate the flow of heat from one or more point to another by using feedback control. They have wide applications in electric vehicles, home appliances, and industrial processes. The major factor driving the growth of this market is increasing demand for energy-efficient solutions across various sectors including automotive & transportation, building automation and power generation industries.
Constant Wattage:
Constant Wattage is a term used for measuring the power output of an electric device or equipment. It’s basically a measure of power that remains consistent throughout its entire operation cycle i.e., from turning on to reaching its normal operating temperature and back to its initial state before the next use.
Application Insights:
The electric industry segment dominated the global market in 2017. The growth of this application can be attributed to the growing demand for energy efficient solutions and stringent government regulations regarding air pollution control. Electric utilities are responsible for reducing electricity usage as much as possible by shifting towards renewable sources, such as solar and wind power. This has led to an increased focus on energy efficiency in the utility sector which is a major factor driving product demand in this segment.
Petrochemical industry was one of the fastest growing segments owing to rising crude oil prices coupled with increasing awareness about environment protection among consumers around the world.
Regional Analysis:
North America dominated the global electric trace heating market in 2017 owing to the presence of a large number of manufacturers and end-users. The region is expected to maintain its dominance over the forecast period as well, with major share being attributed to U.S., which accounted for more than 80% share in North America market in 2017.
The demand for electric heat tracing is high in this region due to increasing applications across various industries such as petrochemical, food processing, pharmaceuticals & chemicals and others. In addition, rising awareness regarding health & safety issues associated with non-compliance of occupational safety standards has resulted into increased adoption rate of trace heating equipment across end-user companies operating within North American borders thus positively impacting regional growth prospects over next eight years or so.
Growth Factors:
- Increasing demand for electric trace heating in end-use industries such as automotive, aerospace, and medical to improve the quality of products and increase the production efficiency.
- Growing popularity of electric trace heating systems among Original Equipment Manufacturers (OEMs) owing to their advantages such as energy efficiency, compact size, and low maintenance cost.
- Rising demand for electric trace heating in Asia Pacific due to the burgeoning industrial sector and increasing adoption of advanced technologies across various industries.
- Technological advancements in electric trace heating systems that offer enhanced performance with reduced power consumption is expected to fuel the market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Trace Heating Market Research Report
By Type
Self-Regulating, Constant Wattage, Mineral Insulated, Series Resistance & Skin Tracing
By Application
Petrochemical Industry, Electric Industry, Food Industry, Pharmaceutical Industry, Chemical Industry, Others
By Companies
Special Systems And Technologies(SST), Thermon, Bartec, Eltherm, Heat Trace, Chromalox, Urecon, BriskHeat, Supermec, Emerson, Pentair, Anhui Huanrui Heating Manufacturing
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Electric Trace Heating Market Report Segments:
The global Electric Trace Heating market is segmented on the basis of:
Types
Self-Regulating, Constant Wattage, Mineral Insulated, Series Resistance & Skin Tracing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petrochemical Industry, Electric Industry, Food Industry, Pharmaceutical Industry, Chemical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Special Systems And Technologies(SST)
- Thermon
- Bartec
- Eltherm
- Heat Trace
- Chromalox
- Urecon
- BriskHeat
- Supermec
- Emerson
- Pentair
- Anhui Huanrui Heating Manufacturing
Highlights of The Electric Trace Heating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Self-Regulating
- Constant Wattage
- Mineral Insulated
- Series Resistance & Skin Tracing
- By Application:
- Petrochemical Industry
- Electric Industry
- Food Industry
- Pharmaceutical Industry
- Chemical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Trace Heating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric trace heating is a process that uses electricity to heat the air or water in a room. The electric current heats the air or water, which then rises and spreads throughout the room. This process can be used to warm up small areas quickly, such as an office cubicle.
Some of the major companies in the electric trace heating market are Special Systems And Technologies(SST), Thermon, Bartec, Eltherm, Heat Trace, Chromalox, Urecon, BriskHeat, Supermec, Emerson, Pentair, Anhui Huanrui Heating Manufacturing.
The electric trace heating market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Trace Heating Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Trace Heating Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Trace Heating Market - Supply Chain
4.5. Global Electric Trace Heating Market Forecast
4.5.1. Electric Trace Heating Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Trace Heating Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Trace Heating Market Absolute $ Opportunity
5. Global Electric Trace Heating Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Trace Heating Market Size and Volume Forecast by Type
5.3.1. Self-Regulating
5.3.2. Constant Wattage
5.3.3. Mineral Insulated
5.3.4. Series Resistance & Skin Tracing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Trace Heating Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Trace Heating Market Size and Volume Forecast by Application
6.3.1. Petrochemical Industry
6.3.2. Electric Industry
6.3.3. Food Industry
6.3.4. Pharmaceutical Industry
6.3.5. Chemical Industry
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Trace Heating Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Trace Heating Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Trace Heating Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Trace Heating Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Trace Heating Demand Share Forecast, 2019-2026
9. North America Electric Trace Heating Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Trace Heating Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Trace Heating Market Size and Volume Forecast by Application
9.4.1. Petrochemical Industry
9.4.2. Electric Industry
9.4.3. Food Industry
9.4.4. Pharmaceutical Industry
9.4.5. Chemical Industry
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Trace Heating Market Size and Volume Forecast by Type
9.7.1. Self-Regulating
9.7.2. Constant Wattage
9.7.3. Mineral Insulated
9.7.4. Series Resistance & Skin Tracing
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Trace Heating Demand Share Forecast, 2019-2026
10. Latin America Electric Trace Heating Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Trace Heating Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Trace Heating Market Size and Volume Forecast by Application
10.4.1. Petrochemical Industry
10.4.2. Electric Industry
10.4.3. Food Industry
10.4.4. Pharmaceutical Industry
10.4.5. Chemical Industry
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Trace Heating Market Size and Volume Forecast by Type
10.7.1. Self-Regulating
10.7.2. Constant Wattage
10.7.3. Mineral Insulated
10.7.4. Series Resistance & Skin Tracing
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Trace Heating Demand Share Forecast, 2019-2026
11. Europe Electric Trace Heating Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Trace Heating Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Trace Heating Market Size and Volume Forecast by Application
11.4.1. Petrochemical Industry
11.4.2. Electric Industry
11.4.3. Food Industry
11.4.4. Pharmaceutical Industry
11.4.5. Chemical Industry
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Trace Heating Market Size and Volume Forecast by Type
11.7.1. Self-Regulating
11.7.2. Constant Wattage
11.7.3. Mineral Insulated
11.7.4. Series Resistance & Skin Tracing
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Trace Heating Demand Share, 2019-2026
12. Asia Pacific Electric Trace Heating Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Trace Heating Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Trace Heating Market Size and Volume Forecast by Application
12.4.1. Petrochemical Industry
12.4.2. Electric Industry
12.4.3. Food Industry
12.4.4. Pharmaceutical Industry
12.4.5. Chemical Industry
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Trace Heating Market Size and Volume Forecast by Type
12.7.1. Self-Regulating
12.7.2. Constant Wattage
12.7.3. Mineral Insulated
12.7.4. Series Resistance & Skin Tracing
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Trace Heating Demand Share, 2019-2026
13. Middle East & Africa Electric Trace Heating Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Trace Heating Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Trace Heating Market Size and Volume Forecast by Application
13.4.1. Petrochemical Industry
13.4.2. Electric Industry
13.4.3. Food Industry
13.4.4. Pharmaceutical Industry
13.4.5. Chemical Industry
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Trace Heating Market Size and Volume Forecast by Type
13.7.1. Self-Regulating
13.7.2. Constant Wattage
13.7.3. Mineral Insulated
13.7.4. Series Resistance & Skin Tracing
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Trace Heating Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Trace Heating Market: Market Share Analysis
14.2. Electric Trace Heating Distributors and Customers
14.3. Electric Trace Heating Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Special Systems And Technologies(SST)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Thermon
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bartec
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eltherm
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Heat Trace
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chromalox
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Urecon
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BriskHeat
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Supermec
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Emerson
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pentair
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Anhui Huanrui Heating Manufacturing
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
