Market Overview:
The global electric heat trace cable market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the electric heat trace cable market can be attributed to the increasing demand for energy-efficient heating systems across various industries. Additionally, the growing demand for electric heat trace cables in residential applications is also contributing to the growth of this market. Based on type, the global electric heat trace cable market can be segmented into self-regulating heaters and constant wattage heaters. The self-regulating heater segment is expected to grow at a higher CAGR than the constant wattage heater segment during the forecast period. This growth can be attributed to their ability to automatically adjust power according to changes in temperature, which makes them more energy efficient as compared with other types of heating systems. Based on application, the global electric heat trace cable market can be divided into oil & gas, chemicals, power & energy, food & beverages, water & wastewater management and residential applications among others segments .
Product Definition:
Electric Heat Trace Cable is a cable used to provide heat to piping, tanks or other objects. It is important for preventing freezing and controlling the temperature of objects.
Self-Regulating Heaters:
Self-Regulating Heaters (SRH) are used in electric heat trace cable for providing temperature stability and control to the electrical wires. They maintain a constant temperature of the wire throughout its length, which ensures an even distribution of electricity along with enhanced safety.
The global self-regulating heaters market is expected to witness significant growth over the forecast period owing to their ability to regulate.
Constant Wattage Heaters:
Constant Wattage Heaters (CWH) are used to maintain a uniform temperature along the entire length of the electric heat trace cable. They are available in two types, depending on their application and size. The type 1 CWH is smaller in size and designed for use where there is limited space between connectors as it requires less room around the connectors.
Application Insights:
The oil & gas industry dominated the global electric heat trace cable market in terms of revenue share in 2017. The oil & gas segment is expected to witness significant growth over the forecast period owing to rising demand for crude oil and natural gas from various end-use industries. In addition, increasing exploration activities are anticipated to augment product demand over the coming years.
The power & energy segment accounted for a substantial share of 21% in 2017 and is projected to grow at a CAGR exceeding 7% from 2018 to 2030 due largelyto growing industrialization across developing countries such as China, India and Brazil which will require large electricity generation capacities thereby supporting product demand over the forecast period. Furthermore, rapid urbanization coupled with an increase in construction spending has resultedin increased power requirements which will further propel industry expansion during the estimated time frame.
Regional Analysis:
North America dominated the global electric heat trace cable market in terms of revenue share in 2017. The region is expected to witness a CAGR of XX% over the forecast period, attributed to increasing demand for energy-efficient products and rising adoption across various industries such as oil & gas, chemicals, food & beverage and others.
The U.S., being one of the major economies across North America has adopted numerous initiatives for reducing carbon footprint along with supporting clean energy sources that are anticipated to propel industry growth over the coming years.
Asia Pacific is projected to be one of the fastest growing markets owing to rapid industrialization coupled with expanding end-use industries such as power generation and petrochemicals particularly in China.
Growth Factors:
- Increasing demand for electric heat trace cable from the end-use industries, owing to the rise in temperature sensitive applications
- Growing investments in infrastructure development across emerging economies
- Proliferation of smart grids and energy storage systems
- Rising concerns over energy security and climate change mitigation measures
- Technological advancements in electric heat trace cable products
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Heat Trace Cable Market Research Report
By Type
Self-Regulating Heaters, Constant Wattage Heaters
By Application
Oil & Gas, Chemicals, Power & Energy, Food & Beverages, Water & Wastewater Management, Residential, Others
By Companies
NVent, Thermon, Chromalox, Bartec, Emerson, Danfoss, Eltherm, Parker-Hannifin, Heat Trace, Anhui Keyang, NVent, Anhui Wansen, Wuhu Jiahong, Wuhu Hengxin
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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Electric Heat Trace Cable Market Report Segments:
The global Electric Heat Trace Cable market is segmented on the basis of:
Types
Self-Regulating Heaters, Constant Wattage Heaters
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
Oil & Gas, Chemicals, Power & Energy, Food & Beverages, Water & Wastewater Management, Residential, 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:
- NVent
- Thermon
- Chromalox
- Bartec
- Emerson
- Danfoss
- Eltherm
- Parker-Hannifin
- Heat Trace
- Anhui Keyang
- NVent
- Anhui Wansen
- Wuhu Jiahong
- Wuhu Hengxin
Highlights of The Electric Heat Trace Cable 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 Heaters
- Constant Wattage Heaters
- By Application:
- Oil & Gas
- Chemicals
- Power & Energy
- Food & Beverages
- Water & Wastewater Management
- Residential
- 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 Heat Trace Cable 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 Heat Trace Cable is a type of cable used to measure electric heat. The cable has two wires, one red and one black, that are connected to a temperature probe. When the probe is heated up, the voltage between the red and black wires changes. This change in voltage can be used to calculate how much heat was put into the probe
Some of the major players in the electric heat trace cable market are NVent, Thermon, Chromalox, Bartec, Emerson, Danfoss, Eltherm, Parker-Hannifin, Heat Trace, Anhui Keyang, NVent, Anhui Wansen, Wuhu Jiahong, Wuhu Hengxin.
The electric heat trace cable market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Heat Trace Cable 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 Electric Heat Trace Cable Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Heat Trace Cable 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 Electric Heat Trace Cable 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 Electric Heat Trace Cable Market Size & Forecast, 2018-2028
4.5.1 Electric Heat Trace Cable Market Size and Y-o-Y Growth
4.5.2 Electric Heat Trace Cable Market Absolute $ Opportunity
Chapter 5 Global Electric Heat Trace Cable 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 Electric Heat Trace Cable Market Size Forecast by Type
5.2.1 Self-Regulating Heaters
5.2.2 Constant Wattage Heaters
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Heat Trace Cable 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 Electric Heat Trace Cable Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Chemicals
6.2.3 Power & Energy
6.2.4 Food & Beverages
6.2.5 Water & Wastewater Management
6.2.6 Residential
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Heat Trace Cable 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 Electric Heat Trace Cable 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 Electric Heat Trace Cable Analysis and Forecast
9.1 Introduction
9.2 North America Electric Heat Trace Cable 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 Electric Heat Trace Cable Market Size Forecast by Type
9.6.1 Self-Regulating Heaters
9.6.2 Constant Wattage Heaters
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 Electric Heat Trace Cable Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Chemicals
9.10.3 Power & Energy
9.10.4 Food & Beverages
9.10.5 Water & Wastewater Management
9.10.6 Residential
9.10.7 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 Electric Heat Trace Cable Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Heat Trace Cable 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 Electric Heat Trace Cable Market Size Forecast by Type
10.6.1 Self-Regulating Heaters
10.6.2 Constant Wattage Heaters
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 Electric Heat Trace Cable Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Chemicals
10.10.3 Power & Energy
10.10.4 Food & Beverages
10.10.5 Water & Wastewater Management
10.10.6 Residential
10.10.7 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 Electric Heat Trace Cable Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Heat Trace Cable 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 Electric Heat Trace Cable Market Size Forecast by Type
11.6.1 Self-Regulating Heaters
11.6.2 Constant Wattage Heaters
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 Electric Heat Trace Cable Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Chemicals
11.10.3 Power & Energy
11.10.4 Food & Beverages
11.10.5 Water & Wastewater Management
11.10.6 Residential
11.10.7 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 Electric Heat Trace Cable Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Heat Trace Cable 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 Electric Heat Trace Cable Market Size Forecast by Type
12.6.1 Self-Regulating Heaters
12.6.2 Constant Wattage Heaters
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 Electric Heat Trace Cable Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Chemicals
12.10.3 Power & Energy
12.10.4 Food & Beverages
12.10.5 Water & Wastewater Management
12.10.6 Residential
12.10.7 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) Electric Heat Trace Cable Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Heat Trace Cable 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) Electric Heat Trace Cable Market Size Forecast by Type
13.6.1 Self-Regulating Heaters
13.6.2 Constant Wattage Heaters
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) Electric Heat Trace Cable Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Chemicals
13.10.3 Power & Energy
13.10.4 Food & Beverages
13.10.5 Water & Wastewater Management
13.10.6 Residential
13.10.7 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 Electric Heat Trace Cable Market: Competitive Dashboard
14.2 Global Electric Heat Trace Cable Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NVent
14.3.2 Thermon
14.3.3 Chromalox
14.3.4 Bartec
14.3.5 Emerson
14.3.6 Danfoss
14.3.7 Eltherm
14.3.8 Parker-Hannifin
14.3.9 Heat Trace
14.3.10 Anhui Keyang
14.3.11 NVent
14.3.12 Anhui Wansen
14.3.13 Wuhu Jiahong
14.3.14 Wuhu Hengxin
