Market Overview:
The global constant wattage trace heater market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for constant wattage trace heaters in various applications, such as industrial, residential, commercial and others. In addition, the growing demand for energy-efficient heating solutions is also contributing to the growth of this market.
Product Definition:
A Constant Wattage Trace Heater is a device used to heat objects or materials. The importance of a Constant Wattage Trace Heater is that it provides a consistent level of heat, which is important for tasks such as drying or curing.
Low Temperature:
Low temperature is a type of heating element used in electronic devices such as vaporizers, water pipes, and bongs. It is also used in the manufacturing process of various products such as wax melts and incense sticks. The low temperature heaters are available in different forms including ceramic plate, metal sheet, electric coil and others. They produce low-temperature heat by passing an electric current through the medium that contains the desired substance to be heated; usually a liquid or gas.
Medium Temperature:
The medium temperature and it's usage in constant wattage trace heaters market is expected to witness significant growth over the forecast period. Constant Wattage Trace Heaters (CWT) are used for heating a specific area or small portion of an object with uniform temperature. The product is mainly used in food industry, metal processing, plastic injection molding and others which require heating process to be carried out at a constant rate throughout the entire mass/volume of the processed material.
Application Insights:
The industrial application segment led the global constant wattage trace heater market and accounted for more than 45.0% share of the total revenue in 2017. Constant wattage heaters are widely used in industries such as food processing, chemical, petrochemical, pharmaceuticals and biotechnology laboratories among others to melt or boil water at a desired temperature without consuming electricity. The product is also used in various other applications including oil & gas refineries where it is used to sterilize equipment or process liquid waste products through steam generators.
The residential application segment was valued over USD 1 million in 2017 owing to increasing demand from end-use industries such as HVAC systems that require hot water for space heating or cooling purposes along with rising awareness about energy conservation among consumers globally who prefer using low energy consumption products for their daily needs like washing machines.
Regional Analysis:
North America dominated the global constant wattage trace heater market in 2017. The growth can be attributed to increasing adoption of electric vehicles and growing awareness about energy conservation. Europe is expected to witness significant growth over the forecast period owing to rising demand for compact heating solutions that consume less energy and are easier to install. Asia Pacific is projected to register a high CAGR over the forecast period, which can be attributed primarily industrialization in countries such as China, India, Japan among others are anticipated fuel oil replacement by using these products thereby reducing environmental pollution caused due to burning of fossil fuels for space heating and water heating applications.
Growth Factors:
- Increasing demand from the end-use industries: The global Constant Wattage Trace Heater market is witnessing a significant growth due to the increasing demand from the end-use industries. This is mainly because of the benefits offered by these heaters, such as energy efficiency, low maintenance cost, and others.
- Rising awareness about energy conservation: There has been a rise in awareness about energy conservation among consumers across the globe in recent years. This has led to an increase in adoption of Constant Wattage Trace Heaters, which helps save energy and reduce greenhouse gas emissions.
- Technological advancements: The Constant Wattage Trace Heater market is witnessing rapid technological advancements that are helping manufacturers offer better products with enhanced features and performance characteristics. This is resulting in an increased uptake of these heaters by consumers worldwide.
- Growing popularity of smart homes: The global trend of smart homes is gaining traction at a rapid pace and this is benefiting the Constant Wattage Trace Heater market significantly as well since these heaters can be integrated easily into home automation systems for better control over temperature settings and other functions related to heating requirements.. 5) Rising disposable income levels: A major factor driving growth in the global Constant Wattage Trace Heater market is rising disposable income levels among consumers across regions worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Constant Wattage Trace Heater Market Research Report
By Type
Low Temperature, Medium Temperature, High Temperature
By Application
Industrial, Residential, Commercial, Others
By Companies
Technitrace, Chromalox, Pentair (Raychem), BriskHeat, YOUNG CHANG (YC), FLEXELEC, Thermon, Eltherm GmbH, Heat Trace Limited, Caloplex, Tempco Electric Heater Corporation, Phoenix Heat Technology, Flexotherm (A Neptech, Inc. Company), AKO Cable, Thermal Resources Management (TRM) Inc., OMEGA Engineering inc., Nelson Heat Trace, Delta-Therm Corporation
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Constant Wattage Trace Heater Market Report Segments:
The global Constant Wattage Trace Heater market is segmented on the basis of:
Types
Low Temperature, Medium Temperature, High Temperature
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
Industrial, Residential, Commercial, 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:
- Technitrace
- Chromalox
- Pentair (Raychem)
- BriskHeat
- YOUNG CHANG (YC)
- FLEXELEC
- Thermon
- Eltherm GmbH
- Heat Trace Limited
- Caloplex
- Tempco Electric Heater Corporation
- Phoenix Heat Technology
- Flexotherm (A Neptech, Inc. Company)
- AKO Cable
- Thermal Resources Management (TRM) Inc.
- OMEGA Engineering inc.
- Nelson Heat Trace
- Delta-Therm Corporation
Highlights of The Constant Wattage Trace Heater 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:
- Low Temperature
- Medium Temperature
- High Temperature
- By Application:
- Industrial
- Residential
- Commercial
- 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 Constant Wattage Trace Heater 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.
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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?
A Constant Wattage Trace Heater is a heating device that uses a constant wattage to heat an object. This type of heater is often used in medical applications because it produces consistent heat, which makes it easier for doctors to treat patients.
Some of the key players operating in the constant wattage trace heater market are Technitrace, Chromalox, Pentair (Raychem), BriskHeat, YOUNG CHANG (YC), FLEXELEC, Thermon, Eltherm GmbH, Heat Trace Limited, Caloplex, Tempco Electric Heater Corporation, Phoenix Heat Technology, Flexotherm (A Neptech, Inc. Company), AKO Cable, Thermal Resources Management (TRM) Inc., OMEGA Engineering inc., Nelson Heat Trace, Delta-Therm Corporation.
The constant wattage trace heater market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Constant Wattage Trace Heater Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Constant Wattage Trace Heater Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Constant Wattage Trace Heater Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Constant Wattage Trace Heater Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Constant Wattage Trace Heater Market Size & Forecast, 2018-2028
4.5.1 Constant Wattage Trace Heater Market Size and Y-o-Y Growth
4.5.2 Constant Wattage Trace Heater Market Absolute $ Opportunity
Chapter 5 Global Constant Wattage Trace Heater Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Constant Wattage Trace Heater Market Size Forecast by Type
5.2.1 Low Temperature
5.2.2 Medium Temperature
5.2.3 High Temperature
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Constant Wattage Trace Heater Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Constant Wattage Trace Heater Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Residential
6.2.3 Commercial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Constant Wattage Trace Heater Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Constant Wattage Trace Heater Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Constant Wattage Trace Heater Analysis and Forecast
9.1 Introduction
9.2 North America Constant Wattage Trace Heater Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Constant Wattage Trace Heater Market Size Forecast by Type
9.6.1 Low Temperature
9.6.2 Medium Temperature
9.6.3 High Temperature
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Constant Wattage Trace Heater Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Residential
9.10.3 Commercial
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Constant Wattage Trace Heater Analysis and Forecast
10.1 Introduction
10.2 Europe Constant Wattage Trace Heater Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Constant Wattage Trace Heater Market Size Forecast by Type
10.6.1 Low Temperature
10.6.2 Medium Temperature
10.6.3 High Temperature
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Constant Wattage Trace Heater Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Residential
10.10.3 Commercial
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Constant Wattage Trace Heater Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Constant Wattage Trace Heater Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Constant Wattage Trace Heater Market Size Forecast by Type
11.6.1 Low Temperature
11.6.2 Medium Temperature
11.6.3 High Temperature
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Constant Wattage Trace Heater Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Residential
11.10.3 Commercial
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Constant Wattage Trace Heater Analysis and Forecast
12.1 Introduction
12.2 Latin America Constant Wattage Trace Heater Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Constant Wattage Trace Heater Market Size Forecast by Type
12.6.1 Low Temperature
12.6.2 Medium Temperature
12.6.3 High Temperature
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Constant Wattage Trace Heater Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Residential
12.10.3 Commercial
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Constant Wattage Trace Heater Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Constant Wattage Trace Heater Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Constant Wattage Trace Heater Market Size Forecast by Type
13.6.1 Low Temperature
13.6.2 Medium Temperature
13.6.3 High Temperature
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Constant Wattage Trace Heater Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Residential
13.10.3 Commercial
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Constant Wattage Trace Heater Market: Competitive Dashboard
14.2 Global Constant Wattage Trace Heater Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Technitrace
14.3.2 Chromalox
14.3.3 Pentair (Raychem)
14.3.4 BriskHeat
14.3.5 YOUNG CHANG (YC)
14.3.6 FLEXELEC
14.3.7 Thermon
14.3.8 Eltherm GmbH
14.3.9 Heat Trace Limited
14.3.10 Caloplex
14.3.11 Tempco Electric Heater Corporation
14.3.12 Phoenix Heat Technology
14.3.13 Flexotherm (A Neptech, Inc. Company)
14.3.14 AKO Cable
14.3.15 Thermal Resources Management (TRM) Inc.
14.3.16 OMEGA Engineering inc.
14.3.17 Nelson Heat Trace
14.3.18 Delta-Therm Corporation
