Market Overview:
The global electric heat tracing systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric heat tracing systems in industrial, commercial, and residential applications. Additionally, the growing awareness about energy efficiency is also propelling the growth of this market. Based on type, the global electric heat tracing systems market can be segmented into self-regulating wattage and constant wattage. The self-regulating wattage segment is expected to grow at a higher CAGR than the constant wattage segment during the forecast period.
Product Definition:
Electric Heat Tracing Systems (EHTS) are systems used to provide heat to pipes, tanks and other process equipment. The purpose of the EHTS is to maintain or increase the temperature of the pipe, tank or other equipment so that the desired process conditions can be maintained.
Self Regulating Wattage:
Self-Regulating Wattage (SRW) is a term used for an electrical device that regulates its output power based on the load it is connected to. It can be defined as a type of electronic circuit or device that automatically decreases or increases its output power in response to variations in input voltage, current, or load.
Constant Wattage:
Constant wattage is a term used for measuring the power of an electric heat tracing system. It is also known as “fixed power” or “static power” and it refers to the amount of energy that can be delivered to a given area at a constant temperature.
Application Insights:
The industrial application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. The industrial applications include food & beverage, chemical, metal & mining, marine and oil industries among others. Rapid urbanization coupled with rising disposable income has led to an increase in demand for energy efficient solutions across various end-use industries globally which is expected to drive the global electric heat tracing systems market during the forecast period.
The commercial application segment was valued at USD 1,252.1 million in 2017 owing to growing construction spending by commercial institutions such as hospitals and educational institutes along with sports arenas and convention centers which require large scale heating equipment for maintaining a comfortable temperature inside buildings or rooms are estimated to propel industry growth from 2018 through 2030 ¢â‚¬Å“ according to data published by Global Construction Perspectives Corporation (GCP).
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period as a result of increasing demand from residential and commercial end users. Increasing penetration of electric heating systems in new construction projects, coupled with rising awareness regarding energy conservation, is anticipated to drive regional growth.
Asia Pacific electric heat tracing systems market is projected to witness significant growth during the forecast period owing to rapid industrialization and urbanization resulting into increased infrastructure activities which will generate ample opportunities for industry players over the next eight years. In addition, growing adoption of space heating solutions due to climatic conditions will propel regional product demand during the same period. China was one of major countries contributing toward APAC’s total revenue share in 2017 owing to high replacement rate and low maintenance cost associated with traditional fuel sources such as gas/oil or coal/wood etc.
Growth Factors:
- Increasing demand for electric heat tracing systems in the process and manufacturing industries to improve operational efficiency and safety.
- Growing popularity of electric heat tracing systems among commercial and industrial users due to their energy-efficiency and reliability.
- Proliferation of smart grid technologies that would enable real-time monitoring and control of electric heat tracing systems, leading to improved efficiency and reduced energy costs.
- Rising awareness about the benefits of using electric heat tracing systems among facility managers, engineers, contractors, etc., which is likely to boost market growth in the coming years. 5) Technological advancements in electric heating elements that are making these systems more efficient, reliable, and affordable are expected to drive market growth over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Heat Tracing Systems Market Research Report
By Type
Self Regulating Wattage, Constant Wattage
By Application
Industrial, Commercial, Residential
By Companies
Pentair, Thermon, Emerson, Danfoss, Parker, Bartec, Warmup, Heat Trace, Chromalox, Eltherm, Pentair, Urecon, Supermec, Raychem
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Electric Heat Tracing Systems Market Report Segments:
The global Electric Heat Tracing Systems market is segmented on the basis of:
Types
Self Regulating Wattage, Constant Wattage
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, Commercial, Residential
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:
- Pentair
- Thermon
- Emerson
- Danfoss
- Parker
- Bartec
- Warmup
- Heat Trace
- Chromalox
- Eltherm
- Pentair
- Urecon
- Supermec
- Raychem
Highlights of The Electric Heat Tracing Systems 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 Wattage
- Constant Wattage
- By Application:
- Industrial
- Commercial
- Residential
- 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 Tracing Systems 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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- Correctly Positioning New Products
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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 tracing systems are used to identify the source of a problem with an electric system. The system can be used to locate and isolate faulty components, or it can help determine where overheating is occurring.
Some of the major players in the electric heat tracing systems market are Pentair, Thermon, Emerson, Danfoss, Parker, Bartec, Warmup, Heat Trace, Chromalox, Eltherm, Pentair, Urecon, Supermec, Raychem.
The electric heat tracing systems 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 Tracing Systems 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 Tracing Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Heat Tracing Systems 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 Tracing Systems 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 Tracing Systems Market Size & Forecast, 2020-2028
4.5.1 Electric Heat Tracing Systems Market Size and Y-o-Y Growth
4.5.2 Electric Heat Tracing Systems Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Self Regulating Wattage
5.2.2 Constant Wattage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Heat Tracing Systems 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 Tracing Systems 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Self Regulating Wattage
9.6.2 Constant Wattage
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 Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Residential
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Self Regulating Wattage
10.6.2 Constant Wattage
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 Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Residential
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Self Regulating Wattage
11.6.2 Constant Wattage
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 Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Residential
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Self Regulating Wattage
12.6.2 Constant Wattage
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 Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Residential
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Self Regulating Wattage
13.6.2 Constant Wattage
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) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Residential
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 Tracing Systems Market: Competitive Dashboard
14.2 Global Electric Heat Tracing Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pentair
14.3.2 Thermon
14.3.3 Emerson
14.3.4 Danfoss
14.3.5 Parker
14.3.6 Bartec
14.3.7 Warmup
14.3.8 Heat Trace
14.3.9 Chromalox
14.3.10 Eltherm
14.3.11 Pentair
14.3.12 Urecon
14.3.13 Supermec
14.3.14 Raychem
