Market Overview:
The global trace heating cable 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 energy-efficient and low-cost heating solutions across various applications. In addition, the growing awareness about safety and security is also propelling the growth of this market. Based on type, the global trace heating cable market can be segmented into self-regulating heating cable, constant wattage heating cable, mineral insulated heating cable, and skin-effect heating cable. Of these segments, self-regulating Heating Cable held a dominant share in 2017 and is anticipated to maintain its dominance during the forecast period as well owing to its features such as automatic temperature control and insulation against overloading or short circuits.
Product Definition:
Trace heating cable is a thin wire that is used to heat objects. It can be used to heat pipes, tanks, and other objects. The importance of trace heating cable is that it can help prevent freezing and keep things warm.
Self-regulating Heating Cable:
Self-Regulating Heating Cable, also known as active heat cable or Trace Heating Cable (THC), is a flexible insulated electrical cable with an embedded heating element. The TMC can be laid in direct contact with the surface on which it is required to operate and provides efficient convection and conduction of heat. It has applications in commercial and residential buildings for providing warmth to specific areas or rooms within the building.
Constant Wattage Heating Cable:
Constant wattage heating cables and tubing are used in the construction industry for floor, wall, and ceiling heating systems. Constant Wattage (CWH) cables consist of a single wire that is enclosed in a PVC or PE sheath with an overall jacket made from cotton or polyester material. The constant temperature can be set as per the requirement using control boxes which are available at low cost.
Application Insights:
The industrial application segment dominated the global market in 2017. The growth of this segment can be attributed to the increasing demand for heating equipment in various industries, such as oil & gas, metalworking, and food processing. In addition, technological advancements and innovations are also driving the demand for these cables across various industrial applications.
The residential sector is expected to witness significant growth over the forecast period owing to rising energy costs and awareness regarding cost-effectiveness coupled with improved environmental performance among consumers globally. Furthermore, a rise in disposable income has also resulted in an increase in residential construction activities around the world; which is further anticipated to drive product demand over next seven years from 2018 to 2030.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising industrialization, increasing investments in infrastructure development, and rapid urbanization & construction activities across emerging economies such as China, India, Indonesia among others.
The Asia Pacific has a large number of data centers that require constant power supply for proper functioning of equipment. This factor is anticipated to drive the demand for trace heating cables over the forecast period. In addition, countries such as Japan are investing heavily in renewable energy sources owing to growing concerns regarding carbon footprints associated with conventional fossil fuel-based electricity generation methods used across major developed economies including North America and Europe.
Growth Factors:
- Increasing demand for heating cables in the construction and automotive industries
- Growing popularity of electric vehicles, which will increase the demand for Trace Heating Cable products in the coming years
- Rising awareness about energy efficiency and its benefits among consumers
- Technological advancements that have led to the development of more efficient and durable heating cables
- The increasing use of renewable energy sources, such as solar and wind power, which will create new opportunities for Trace Heating Cable market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Trace Heating Cable Market Research Report
By Type
Self-regulating Heating Cable, Constant Wattage Heating Cable, Mineral Insulated Heating Cable, Skin-Effect Heating Cable
By Application
Industrial, Residential, Commercial
By Companies
Raychem, SST, Anhui Huanrui, Thermon, Bartec, Wuhu Jiahong, Emerson, Anbang, Eltherm, Heat Trace Products, Raychem, Chromalox, Isopad, King Manufacturing, Flexelec, Garnisch, FINE Unichem, SunTouch, Urecon
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Trace Heating Cable Market Report Segments:
The global Trace Heating Cable market is segmented on the basis of:
Types
Self-regulating Heating Cable, Constant Wattage Heating Cable, Mineral Insulated Heating Cable, Skin-Effect Heating Cable
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
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:
- Raychem
- SST
- Anhui Huanrui
- Thermon
- Bartec
- Wuhu Jiahong
- Emerson
- Anbang
- Eltherm
- Heat Trace Products
- Raychem
- Chromalox
- Isopad
- King Manufacturing
- Flexelec
- Garnisch
- FINE Unichem
- SunTouch
- Urecon
Highlights of The Trace Heating 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 Heating Cable
- Constant Wattage Heating Cable
- Mineral Insulated Heating Cable
- Skin-Effect Heating Cable
- By Application:
- Industrial
- Residential
- Commercial
- 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 Trace Heating 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Trace heating cable is a type of heating cable that uses a small electric current to heat the wire inside the cable. This current causes the wire to heat up, which in turn causes the liquid or gas inside of the pipe to start boiling. This boiling process creates steam, which then flows through and heats up any other objects or materials it comes into contact with.
Some of the major players in the trace heating cable market are Raychem, SST, Anhui Huanrui, Thermon, Bartec, Wuhu Jiahong, Emerson, Anbang, Eltherm, Heat Trace Products, Raychem, Chromalox, Isopad, King Manufacturing, Flexelec, Garnisch, FINE Unichem, SunTouch, Urecon.
The trace heating cable 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 Trace Heating 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 Trace Heating Cable Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Trace Heating 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 Trace Heating 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 Trace Heating Cable Market Size & Forecast, 2018-2028
4.5.1 Trace Heating Cable Market Size and Y-o-Y Growth
4.5.2 Trace Heating Cable Market Absolute $ Opportunity
Chapter 5 Global Trace Heating 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 Trace Heating Cable Market Size Forecast by Type
5.2.1 Self-regulating Heating Cable
5.2.2 Constant Wattage Heating Cable
5.2.3 Mineral Insulated Heating Cable
5.2.4 Skin-Effect Heating Cable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Trace Heating 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 Trace Heating Cable Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Residential
6.2.3 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trace Heating 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 Trace Heating 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 Trace Heating Cable Analysis and Forecast
9.1 Introduction
9.2 North America Trace Heating 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 Trace Heating Cable Market Size Forecast by Type
9.6.1 Self-regulating Heating Cable
9.6.2 Constant Wattage Heating Cable
9.6.3 Mineral Insulated Heating Cable
9.6.4 Skin-Effect Heating Cable
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 Trace Heating Cable Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Residential
9.10.3 Commercial
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 Trace Heating Cable Analysis and Forecast
10.1 Introduction
10.2 Europe Trace Heating 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 Trace Heating Cable Market Size Forecast by Type
10.6.1 Self-regulating Heating Cable
10.6.2 Constant Wattage Heating Cable
10.6.3 Mineral Insulated Heating Cable
10.6.4 Skin-Effect Heating Cable
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 Trace Heating Cable Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Residential
10.10.3 Commercial
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 Trace Heating Cable Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Trace Heating 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 Trace Heating Cable Market Size Forecast by Type
11.6.1 Self-regulating Heating Cable
11.6.2 Constant Wattage Heating Cable
11.6.3 Mineral Insulated Heating Cable
11.6.4 Skin-Effect Heating Cable
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 Trace Heating Cable Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Residential
11.10.3 Commercial
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 Trace Heating Cable Analysis and Forecast
12.1 Introduction
12.2 Latin America Trace Heating 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 Trace Heating Cable Market Size Forecast by Type
12.6.1 Self-regulating Heating Cable
12.6.2 Constant Wattage Heating Cable
12.6.3 Mineral Insulated Heating Cable
12.6.4 Skin-Effect Heating Cable
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 Trace Heating Cable Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Residential
12.10.3 Commercial
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) Trace Heating Cable Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Trace Heating 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) Trace Heating Cable Market Size Forecast by Type
13.6.1 Self-regulating Heating Cable
13.6.2 Constant Wattage Heating Cable
13.6.3 Mineral Insulated Heating Cable
13.6.4 Skin-Effect Heating Cable
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) Trace Heating Cable Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Residential
13.10.3 Commercial
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 Trace Heating Cable Market: Competitive Dashboard
14.2 Global Trace Heating Cable Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Raychem
14.3.2 SST
14.3.3 Anhui Huanrui
14.3.4 Thermon
14.3.5 Bartec
14.3.6 Wuhu Jiahong
14.3.7 Emerson
14.3.8 Anbang
14.3.9 Eltherm
14.3.10 Heat Trace Products
14.3.11 Raychem
14.3.12 Chromalox
14.3.13 Isopad
14.3.14 King Manufacturing
14.3.15 Flexelec
14.3.16 Garnisch
14.3.17 FINE Unichem
14.3.18 SunTouch
14.3.19 Urecon
