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Electric Heat Tracing Market by Type (Self-regulating, Constant Wattage, Mineral-insulated, Skin Effect), Application (Freeze Protection & Process Temperature Maintenance, Roof & Gutter De-icing), Vertical and Region - Global Forecast to 2027

Electric Heat Tracing Market by Type (Self-regulating, Constant Wattage, Mineral-insulated, Skin Effect), Application (Freeze Protection & Process Temperature Maintenance, Roof & Gutter De-icing), Vertical and Region - Global Forecast to 2027

The Electric Heat Tracing market is projected to grow from USD 2.5 Billion in 2022 to USD 3.8 Billion in 2027; it is expected to grow at a CAGR of 8.3% from 2022 to 2027.The increasing adoption of electric heat tracing over conventional steam tracing systems and rising demand of energy-efficient heat tracing systems are the driving factors providing promising growth potential to the market. Similarly, growing demand of heat tracing systems from various end user industries providing opportunities and contributing to the growth of the electric heat tracing market.

“Self regulating is expected to grow at highest CAGR during the forecasted period.”

In a self-regulating heating cable, the electric current is passed between two bus wires that carry electricity but do not produce heat. The bus wires are encased in a specially designed mix of carbon and polymer. The polymer pathways join the bus wires together creating an infinitely parallel circuit.Self-regulating systems can be easily installed on any outline, such as pipe elbows, valves, and different fittings, due to their flexibility. These types of systems hardly require any maintenance and also have a long life since these systems do not create any hotspot at any point.
“Market for freeze protection & process temperature maintenance application is to grow at highest CAGR during forecast period. ”

The freeze protection application is especially important since freezing can damage pipes and equipment. Pipe tracing cable systems are used to respond to the effects of heat from piping and equipment through its insulation. The heat loss allows a drop in temperature, bringing about unacceptable consequences such as frozen pipes and reduced fluid viscosity. Hence, to overcome this, products can be freeze protected by using thermostats, controllers, sensors, and control panels. For water-based products, it is vital to provide freeze protection as they begin to crystallize and freeze at 0°C/32°F. Heat trace systems prevent the freezing of fluids in pipes for several industrial applications as well as in hazardous and non-hazardous environments.

“US to offer significant growth opportunities for Electric heat tracing market between 2022 and 2027.”

The US holds the largest share of the electric heat tracing market in North America. The long duration of cold weather in the US, the replacement of conventional systems with electric heat tracing systems, the expansion of oil and gas production pipelines, new construction projects of oil & gas pipelines, growing exploration and production of oil & gas activities, and rising demand for heat tracing systems from chemicals, commercial, and residential industries are a few of the major driving factors for the market growth.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the Electric heat tracing marketspace.

The break-up of primary participants for the report has been shown below:
•By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
•By Designation: C-level Executives – 40%, Directors – 35%, and Others – 25%
•By Region: North America –45%, Europe – 30%, Asia Pacific– 15%and RoW – 10%

The report profiles key players in the Electric heat tracing market with their respective market ranking analysis. Prominent players profiled in this report arenVent Electric plc (UK), Thermon Group Holding, Inc. (US), Spirax-Sarco Engineering plc (UK), NIBE Industrier AB (Sweden), BARTEC Top Holding GmbH (Germany), Danfoss (Germany), eltherm GmbH (Germany), Emerson Electric Co. (US), Watlow Electric Manufacturing Company (US), Drexan Energy System, Inc. (Canada)are the major players in the market

Research Coverage:
This research report categorizes the Electric heat tracingmarket on the basis By type, component,application, vertical, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the Electric heat tracingmarket and forecasts the same till 2027. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the Electric heat tracingecosystem.

Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Electric heat tracingmarket and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents

1INTRODUCTION24
1.1STUDY OBJECTIVES24
1.2MARKET DEFINITION24
1.3STUDY SCOPE25
1.3.1MARKETS COVERED25
1.3.2REGIONAL SCOPE25
1.4INCLUSIONS AND EXCLUSIONS26
1.5YEARS CONSIDERED26
1.6CURRENCY CONSIDERED26
1.7STAKEHOLDERS27
1.8SUMMARY OF CHANGES27
2RESEARCH METHODOLOGY28
2.1RESEARCH DATA28
FIGURE 1ELECTRIC HEAT TRACING MARKET: RESEARCH DESIGN28
2.1.1SECONDARY DATA29
2.1.1.1Key data from secondary sources29
2.1.2PRIMARY DATA29
2.1.2.1Key industry insights30
2.1.2.2Breakdown of primaries30
2.1.2.3Key data from primary sources31
2.2MARKET SIZE ESTIMATION31
2.2.1BOTTOM-UP APPROACH32
2.2.1.1Approach for deriving market size by bottom-up analysis (demand side)32
FIGURE 2ELECTRIC HEAT TRACING MARKET: BOTTOM-UP APPROACH32
2.2.2TOP-DOWN APPROACH33
2.2.2.1Approach for deriving market size by top-down analysis (supply side)33
FIGURE 3ELECTRIC HEAT TRACING MARKET: TOP-DOWN APPROACH33
FIGURE 4SUPPLY-SIDE ESTIMATION TO ARRIVE AT MARKET SIZE34
2.3MARKET BREAKDOWN AND DATA TRIANGULATION35
FIGURE 5DATA TRIANGULATION35
2.4RESEARCH ASSUMPTIONS36
3EXECUTIVE SUMMARY37
FIGURE 6SELF-REGULATING SEGMENT TO DOMINATE ELECTRIC HEAT TRACING MARKET DURING FORECAST PERIOD37
FIGURE 7FREEZE PROTECTION AND PROCESS TEMPERATURE MAINTENANCE SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD38
FIGURE 8OIL & GAS VERTICAL TO LEAD ELECTRIC HEAT TRACING MARKET DURING FORECAST PERIOD39
FIGURE 9NORTH AMERICAN ELECTRIC HEAT TRACING MARKET TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD40
4PREMIUM INSIGHTS41
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC HEAT TRACING MARKET41
FIGURE 10RISING DEMAND FOR ENERGY-EFFICIENT ELECTRIC HEAT TRACING SYSTEMS41
4.2NORTH AMERICAN ELECTRIC HEAT TRACING MARKET, BY COUNTRY AND VERTICAL42
FIGURE 11US AND OIL & GAS VERTICAL HELD LARGEST SHARES OF NORTH AMERICAN ELECTRIC HEAT TRACING MARKET IN 202142
4.3ELECTRIC HEAT TRACING MARKET, BY COUNTRY43
FIGURE 12US TO RECORD HIGHEST CAGR IN ELECTRIC HEAT TRACING MARKET DURING FORECAST PERIOD43
5MARKET OVERVIEW44
5.1INTRODUCTION44
5.2MARKET DYNAMICS44
FIGURE 13ELECTRIC HEAT TRACING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES44
5.2.1DRIVERS46
5.2.1.1Increasing adoption of electric heat tracing systems over conventional steam tracing systems46
5.2.1.2Rising demand for energy-efficient electric heat tracing systems46
5.2.1.3Low maintenance costs associated with electric heat tracing systems47
5.2.2RESTRAINTS47
5.2.2.1Adverse effects of overlapping heating cables47
5.2.3OPPORTUNITIES47
5.2.3.1Growing demand for heat tracing systems in various verticals47
5.2.3.2Rising adoption of heat tracing systems in power plants48
5.2.4CHALLENGES49
5.2.4.1Installation of heat tracing systems on tanks and large vessels49
5.3VALUE CHAIN ANALYSIS49
FIGURE 14ELECTRIC HEAT TRACING MARKET: VALUE CHAIN ANALYSIS49
5.4ECOSYSTEM ANALYSIS51
5.5AVERAGE SELLING PRICE ANALYSIS51
FIGURE 15AVERAGE SELLING PRICE OF ELECTRIC HEAT TRACING CABLES, 2017–202752
5.6TECHNOLOGY ANALYSIS52
5.7CASE STUDY ANALYSIS53
5.7.1OIL & GAS53
5.7.2ENERGY & POWER53
5.7.3CHEMICAL53
5.7.4COMMERCIAL53
5.8PATENT ANALYSIS54
FIGURE 16TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS54
FIGURE 17PATENT ANALYSIS RELATED TO ELECTRIC HEAT TRACING MARKET54
TABLE 1TOP 20 PATENT OWNERS IN LAST 10 YEARS55
TABLE 2PATENT ANALYSIS FOR ELECTRIC HEAT TRACING MARKET56
6ELECTRIC HEAT TRACING SYSTEM COMPONENTS57
6.1INTRODUCTION57
6.2ELECTRIC HEAT TRACING CABLES57
6.3POWER CONNECTION KITS57
6.4CONTROL AND MONITORING SYSTEMS57
6.4.1THERMOSTATS57
6.4.2RESISTANCE TEMPERATURE DETECTORS58
6.4.3THERMOCOUPLES58
6.5THERMAL INSULATION MATERIALS58
6.6OTHERS58
7DIFFERENT MODES OF ELECTRIC HEAT TRACING59
7.1INTRODUCTION59
7.2PIPES59
7.3VESSELS AND TANKS59
7.4RAIL TRACKS AND ROADS59
7.5ROOFS60
7.6OTHERS60
8MAXIMUM MAINTENANCE TEMPERATURES OF VARIOUS ELECTRIC HEAT TRACING CABLES61
8.1INTRODUCTION61
8.2UP TO 100°C61
TABLE 3ELECTRIC HEAT TRACING CABLES WITH MAXIMUM MAINTENANCE TEMPERATURE OF UP TO 100°C61
8.3101–250°C62
TABLE 4ELECTRIC HEAT TRACING CABLES WITH MAXIMUM MAINTENANCE TEMPERATURE FROM 101°C TO 250°C62
8.4ABOVE 250°C64
TABLE 5ELECTRIC HEAT TRACING CABLES WITH MAXIMUM MAINTENANCE TEMPERATURE ABOVE 250°C64
9ELECTRIC HEAT TRACING MARKET, BY TYPE65
9.1INTRODUCTION66
FIGURE 18SELF-REGULATING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD66
TABLE 6ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)66
TABLE 7ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)67
9.2SELF-REGULATING67
9.2.1GROWING ADOPTION OF SELF-REGULATING CABLES FOR TEMPERATURE MAINTENANCE67
TABLE 8SELF-REGULATING: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2018–2021 (USD MILLION)68
TABLE 9SELF-REGULATING: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2022–2027 (USD MILLION)69
TABLE 10SELF-REGULATING: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)69
TABLE 11SELF-REGULATING: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)70
9.3CONSTANT WATTAGE70
9.3.1INCREASING ADOPTION OF CONSTANT WATTAGE CABLES FOR FREEZE PROTECTION AND PROCESS TEMPERATURE MAINTENANCE70
TABLE 12CONSTANT WATTAGE: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2018–2021 (USD MILLION)71
TABLE 13CONSTANT WATTAGE: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2022–2027 (USD MILLION)71
TABLE 14CONSTANT WATTAGE: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)72
TABLE 15CONSTANT WATTAGE: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)72
9.4MINERAL-INSULATED72
9.4.1GROWING USE OF MINERAL-INSULATED CABLES IN HIGH-TEMPERATURE, HIGH-WATTAGE APPLICATIONS72
TABLE 16MINERAL-INSULATED: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2018–2021 (USD MILLION)73
TABLE 17MINERAL-INSULATED: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2022–2027 (USD MILLION)74
TABLE 18MINERAL-INSULATED: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)74
TABLE 19MINERAL-INSULATED: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)75
9.5SKIN EFFECT75
9.5.1RISING USE OF SKIN EFFECT CABLES TO TRACE LONG PIPELINES75
TABLE 20SKIN EFFECT: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2018–2021 (USD MILLION)76
TABLE 21SKIN EFFECT: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2022–2027 (USD MILLION)76
TABLE 22SKIN EFFECT: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)77
TABLE 23SKIN EFFECT: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)77
10ELECTRIC HEAT TRACING MARKET, BY APPLICATION78
10.1INTRODUCTION79
FIGURE 19FREEZE PROTECTION AND PROCESS TEMPERATURE MAINTENANCE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD79
TABLE 24ELECTRIC HEAT TRACING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)79
TABLE 25ELECTRIC HEAT TRACING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)80
10.2FREEZE PROTECTION AND PROCESS TEMPERATURE MAINTENANCE80
10.2.1RISING USE OF ELECTRIC HEAT TRACING SYSTEM TO PREVENT FREEZING OF FLUIDS IN PIPES USED IN INDUSTRIAL, COMMERCIAL, AND RESIDENTIAL APPLICATIONS80
10.2.2VISCOSITY CONTROL81
10.3ROOF AND GUTTER DE-ICING81
10.3.1INCREASING INSTALLATION OF HEAT TRACE CABLES ON ROOFS AND INSIDE GUTTERS AND DOWNSPOUTS TO MAINTAIN DRAIN PATHS FOR WATER81
10.4FLOOR HEATING82
10.4.1HIGH ENERGY EFFICIENCY AND COST-EFFECTIVENESS OF ELECTRIC HEAT TRACING IN FLOOR HEATING82
10.5OTHERS82
11ELECTRIC HEAT TRACING MARKET, BY VERTICAL83
11.1INTRODUCTION84
FIGURE 20OIL & GAS VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD84
TABLE 26ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2018–2021 (USD MILLION)84
TABLE 27ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2022–2027 (USD MILLION)85
11.2OIL & GAS85
11.2.1GROWING ADOPTION OF ELECTRIC HEAT TRACING TO FACILITATE PROCESSING, TRANSPORTATION, AND FREEZE PROTECTION OF ENERGY PRODUCTS IN UPSTREAM AND DOWNSTREAM APPLICATIONS85
TABLE 28OIL & GAS: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)86
TABLE 29OIL & GAS: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)86
TABLE 30OIL & GAS: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)86
TABLE 31OIL & GAS: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)87
11.3CHEMICAL87
11.3.1RISING APPLICATIONS OF ELECTRIC HEAT TRACING SYSTEMS IN PROCESS TEMPERATURE MAINTENANCE AND FREEZE PROTECTION87
TABLE 32CHEMICAL: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)87
TABLE 33CHEMICAL: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)88
TABLE 34CHEMICAL: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)88
TABLE 35CHEMICAL: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)88
11.4COMMERCIAL89
11.4.1RISING INSTALLATION OF HEAT TRACING SYSTEMS IN SCHOOLS, HOSPITALS, HOTELS, AND OFFICES89
TABLE 36COMMERCIAL: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)89
TABLE 37COMMERCIAL: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)89
TABLE 38COMMERCIAL: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)90
TABLE 39COMMERCIAL: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)90
11.5RESIDENTIAL90
11.5.1GROWING USE OF ELECTRIC HEAT TRACING CABLES IN ROOF DE-ICING AND FLOOR HEATING APPLICATIONS90
TABLE 40RESIDENTIAL: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)91
TABLE 41RESIDENTIAL: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)91
TABLE 42RESIDENTIAL: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)91
TABLE 43RESIDENTIAL: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)91
11.6POWER & ENERGY92
11.6.1INCREASING DEPLOYMENT OF ELECTRIC HEAT TRACING SYSTEMS IN COAL-FIRED POWER PLANTS92
TABLE 44POWER & ENERGY: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)92
TABLE 45POWER & ENERGY: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)92
TABLE 46POWER & ENERGY: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)93
TABLE 47POWER & ENERGY: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)93
11.7FOOD & BEVERAGE93
11.7.1GROWING USE OF ELECTRIC HEAT TRACING SYSTEMS TO MAINTAIN DESIRED TEMPERATURE93
TABLE 48FOOD & BEVERAGE: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)94
TABLE 49FOOD & BEVERAGE: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)94
TABLE 50FOOD & BEVERAGE: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)94
TABLE 51FOOD & BEVERAGE: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)95
11.8PHARMACEUTICAL95
11.8.1RISING ADOPTION OF ELECTRIC HEAT TRACING SYSTEMS TO MAINTAIN TEMPERATURE OF DRUGS AND MEDICINES IN SPECIFIC RANGES AND PREVENT DECOMPOSITION95
TABLE 52PHARMACEUTICAL: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)95
TABLE 53PHARMACEUTICAL: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)96
TABLE 54PHARMACEUTICAL: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)96
TABLE 55PHARMACEUTICAL: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)96
11.9WATER & WASTEWATER TREATMENT97
11.9.1HIGH USE OF ELECTRIC HEAT TRACING SYSTEMS TO PROTECT VALVES, PIPES, TANKS, AND INSTRUMENTATION LINES FROM FREEZING97
TABLE 56WATER & WASTEWATER TREATMENT: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)97
TABLE 57WATER & WASTEWATER TREATMENT: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)97
TABLE 58WATER & WASTEWATER TREATMENT: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)98
TABLE 59WATER & WASTEWATER TREATMENT: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)98
11.10OTHERS98
11.10.1PULP & PAPER98
11.10.1.1Use of electric heat tracing systems to maintain temperature of chemicals and compounds used in paper production98
11.10.2TRANSPORTATION99
11.10.2.1Use of electric heat tracing systems to avoid freezing of rail tracks in cold regions99
11.10.3TEXTILE99
11.10.3.1Use of skin effect heat tracing to trace molten polymer pipes99
TABLE 60OTHERS: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)99
TABLE 61OTHERS: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)99
TABLE 62OTHERS: ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)100
TABLE 63OTHERS: ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)100
12ELECTRIC HEAT TRACING MARKET, BY REGION101
12.1INTRODUCTION102
FIGURE 21NORTH AMERICA TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD102
TABLE 64ELECTRIC HEAT TRACING MARKET, BY REGION, 2018–2021 (USD MILLION)102
TABLE 65ELECTRIC HEAT TRACING MARKET, BY REGION, 2022–2027 (USD MILLION)103
12.2NORTH AMERICA103
FIGURE 22NORTH AMERICA: SNAPSHOT OF ELECTRIC HEAT TRACING MARKET104
TABLE 66NORTH AMERICA: ELECTRIC HEAT TRACING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)104
TABLE 67NORTH AMERICA: ELECTRIC HEAT TRACING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)105
TABLE 68NORTH AMERICA: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2018–2021 (USD MILLION)105
TABLE 69NORTH AMERICA: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2022–2027 (USD MILLION)106
TABLE 70NORTH AMERICA: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)106
TABLE 71NORTH AMERICA: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)106
12.2.1US107
12.2.1.1Expanding oil & gas, chemical, power & energy, and commercial verticals107
12.2.2CANADA107
12.2.2.1Growing use of use electric heat tracing systems by transmission pipeline companies operating in petroleum industry107
12.2.3MEXICO108
12.2.3.1Abundance of oil & gas reserves and high energy export108
12.3EUROPE108
FIGURE 23EUROPE: SNAPSHOT OF ELECTRIC HEAT TRACING MARKET109
TABLE 72EUROPE: ELECTRIC HEAT TRACING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)109
TABLE 73EUROPE: ELECTRIC HEAT TRACING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)110
TABLE 74EUROPE: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2018–2021 (USD MILLION)110
TABLE 75EUROPE: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2022–2027 (USD MILLION)111
TABLE 76EUROPE: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)111
TABLE 77EUROPE: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)111
12.3.1RUSSIA112
12.3.1.1Wide network of oil and gas pipelines112
12.3.2UK112
12.3.2.1Growing commercial and residential verticals112
12.3.3GERMANY113
12.3.3.1Rising installation of heat tracing systems in residential and commercial verticals113
12.3.4FRANCE113
12.3.4.1High demand for heat tracing systems in oil & gas, chemical, commercial, and residential verticals113
12.3.5REST OF EUROPE114
12.4ASIA PACIFIC114
FIGURE 24ASIA PACIFIC: SNAPSHOT OF ELECTRIC HEAT TRACING MARKET115
TABLE 78ASIA PACIFIC: ELECTRIC HEAT TRACING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)115
TABLE 79ASIA PACIFIC: ELECTRIC HEAT TRACING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)116
TABLE 80ASIA PACIFIC: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2018–2021 (USD MILLION)116
TABLE 81ASIA PACIFIC: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2022–2027 (USD MILLION)117
TABLE 82ASIA PACIFIC: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)117
TABLE 83ASIA PACIFIC: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)117
12.4.1CHINA118
12.4.1.1Growing use of electric heat tracing systems to maintain fluid temperature of pipelines in oil & gas vertical118
12.4.2JAPAN118
12.4.2.1Increasing demand for heat tracing systems in various applications118
12.4.3SOUTH KOREA119
12.4.3.1Rising requirement for heat tracing systems in process temperature maintenance applications119
12.4.4REST OF ASIA PACIFIC119
12.5REST OF THE WORLD119
TABLE 84ROW: ELECTRIC HEAT TRACING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)119
TABLE 85ROW: ELECTRIC HEAT TRACING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)120
TABLE 86ROW: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2018–2021 (USD MILLION)120
TABLE 87ROW: ELECTRIC HEAT TRACING MARKET, BY VERTICAL, 2022–2027 (USD MILLION)120
TABLE 88ROW: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2018–2021 (USD MILLION)121
TABLE 89ROW: ELECTRIC HEAT TRACING MARKET, BY TYPE, 2022–2027 (USD MILLION)121
12.5.1SOUTH AMERICA121
12.5.1.1Growing use of electric heat tracing systems for freeze protection, viscosity control, snow melting, and de-icing applications121
12.5.2MIDDLE EAST & AFRICA122
12.5.2.1High growth of oil & gas vertical and rising use of electric heat tracing systems for process temperature maintenance122
13COMPETITIVE LANDSCAPE123
13.1OVERVIEW123
13.2TOP FIVE COMPANY REVENUE ANALYSIS123
FIGURE 25ELECTRIC HEAT TRACING MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2017–2021123
13.3MARKET SHARE ANALYSIS: ELECTRIC HEAT TRACING MARKET, 2021123
FIGURE 26ELECTRIC HEAT TRACING MARKET: MARKET SHARE ANALYSIS, 2021124
13.4COMPETITIVE LEADERSHIP MAPPING125
13.4.1STARS125
13.4.2EMERGING LEADERS125
13.4.3PERVASIVE PLAYERS125
13.4.4PARTICIPANTS125
FIGURE 27ELECTRIC HEAT TRACING MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021126
13.5COMPETITIVE SCENARIOS AND TRENDS127
13.5.1ELECTRIC HEAT TRACING MARKET: PRODUCT LAUNCHES, 2019–2022127
13.5.2ELECTRIC HEAT TRACING MARKET: DEALS, 2019–2021129
14COMPANY PROFILES130
(Business overview, Products offered, Recent Developments, MNM view)*
14.1KEY PLAYERS130
14.1.1NVENT ELECTRIC PLC130
TABLE 90NVENT ELECTRIC PLC.: COMPANY OVERVIEW130
FIGURE 28NVENT ELECTRIC PLC: COMPANY SNAPSHOT131
TABLE 91NVENT ELECTRIC PLC: PRODUCTS OFFERED132
TABLE 92NVENT ELECTRIC PLC: PRODUCT LAUNCHES133
14.1.2THERMON GROUP HOLDINGS, INC.135
TABLE 93THERMON GROUP HOLDINGS, INC.: COMPANY OVERVIEW135
FIGURE 29THERMON GROUP HOLDINGS, INC.: COMPANY SNAPSHOT136
TABLE 94THERMON GROUP HOLDINGS, INC.: PRODUCTS OFFERED136
TABLE 95THERMON GROUP HOLDINGS, INC: PRODUCT LAUNCHES137
14.1.3SPIRAX-SARCO ENGINEERING PLC139
TABLE 96SPIRAX SARCO ENGINEERING PLC: COMPANY OVERVIEW139
FIGURE 30SPIRAX-SARCO ENGINEERING PLC: COMPANY SNAPSHOT140
TABLE 97SPIRAX-SARCO ENGINEERING PLC: PRODUCTS OFFERED140
14.1.4NIBE INDUSTRIER AB142
TABLE 98NIBE INDUSTRIER AB: COMPANY OVERVIEW142
FIGURE 31NIBE INDUSTRIER AB: COMPANY SNAPSHOT143
TABLE 99NIBE INDUSTRIER AB: PRODUCTS OFFERED144
TABLE 100NIBE INDUSTRIER AB: PRODUCT LAUNCHES144
14.1.5BARTEC TOP HOLDING GMBH146
TABLE 101BARTEC TOP HOLDING GMBH: COMPANY OVERVIEW146
TABLE 102BARTEC TOP HOLDING GMBH: PRODUCTS OFFERED146
14.1.6DANFOSS148
TABLE 103DANFOSS: COMPANY OVERVIEW148
FIGURE 32DANFOSS: COMPANY SNAPSHOT149
TABLE 104DANFOSS: PRODUCTS OFFERED150
14.1.7ELTHERM GMBH151
TABLE 105ELTHERM GMBH: COMPANY OVERVIEW151
FIGURE 33ELTHERM GMBH: COMPANY SNAPSHOT152
TABLE 106ELTHERM GMBH: PRODUCTS OFFERED152
14.1.8EMERSON ELECTRIC CO.154
TABLE 107EMERSON ELECTRIC CO.: COMPANY OVERVIEW154
FIGURE 34EMERSON ELECTRIC CO.: COMPANY SNAPSHOT155
TABLE 108EMERSON ELECTRIC CO: PRODUCTS OFFERED155
TABLE 109EMERSON ELECTRIC CO: PRODUCT LAUNCHES156
14.1.9WATLOW ELECTRIC MANUFACTURING COMPANY157
TABLE 110WATLOW ELECTRIC MANUFACTURING COMPANY: COMPANY OVERVIEW157
TABLE 111WATLOW ELECTRIC MANUFACTURING COMPANY: PRODUCTS OFFERED157
14.1.10DREXAN ENERGY SYSTEMS, INC.158
TABLE 112DREXAN ENERGY SYSTEMS, INC.: COMPANY OVERVIEW158
TABLE 113DREXAN ENERGY SYSTEMS, INC.: PRODUCTS OFFERED158
14.2OTHER PLAYERS160
14.2.1DREXMA INDUSTRIES INC.160
TABLE 114DREXMA INDUSTRIES INC.: COMPANY OVERVIEW160
14.2.2EBECO161
TABLE 115EBECO: COMPANY OVERVIEW161
14.2.3HEAT TRACE PRODUCTS, LLC162
TABLE 116HEAT TRACE PRODUCTS, LLC: COMPANY OVERVIEW162
14.2.4KING ELECTRICAL MFG. CO.163
TABLE 117KING ELECTRICAL MFG. CO.: COMPANY OVERVIEW163
14.2.5NEXANS164
TABLE 118NEXANS: COMPANY OVERVIEW164
14.2.6SST GROUP165
TABLE 119SST GROUP: COMPANY OVERVIEW165
14.2.7TRASOR CORP.166
TABLE 120TRASOR CORP.: COMPANY OVERVIEW166
14.2.8URECON LTD.167
TABLE 121URECON LTD.: COMPANY OVERVIEW167
14.2.9WARMUP168
TABLE 122WARMUP: COMPANY OVERVIEW168
14.2.10HEAT-LINE169
TABLE 123HEAT-LINE.: COMPANY OVERVIEW169
14.2.11VULCANIC GROUP170
TABLE 124VULCANIC GROUP: COMPANY OVERVIEW170
14.2.12KLOPPER-THERM GMBH & CO. KG171
TABLE 125KLOPPER-THERM GMBH & CO. KG: COMPANY OVERVIEW171
14.2.13GENERI, S.R.O.172
TABLE 126GENERI, S.R.O.: COMPANY OVERVIEW172

14.2.14TEMPCO ELECTRIC HEATER CORPORATION173
TABLE 127TEMPCO ELECTRIC HEATER CORPORATION: COMPANY OVERVIEW173
14.2.15VALIN CORPORATION174
TABLE 128VALIN CORPORATION: COMPANY OVERVIEW174
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
15ADJACENT AND RELATED MARKETS175
15.1INTRODUCTION175
15.2LIMITATIONS175
15.3UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE175
TABLE 129UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE, 2018–2021 (USD MILLION)175
TABLE 130UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE, 2022–2027 (USD MILLION)176
15.4NEW INSTALLATIONS/NEW BUILDING176
15.4.1HIGHER ADOPTION OF UNDERFLOOR HEATING SYSTEMS IN NEW INFRASTRUCTURES DUE TO ENERGY EFFICIENCY STANDARDS LAID BY GOVERNMENTS176
TABLE 131UNDERFLOOR HEATING MARKET FOR NEW INSTALLATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION)177
TABLE 132UNDERFLOOR HEATING MARKET FOR NEW INSTALLATION, BY PRODUCT TYPE, 2022–2027 (USD MILLION)177
15.5RETROFIT INSTALLATIONS/EXISTING BUILDING177
15.5.1HIGH ADOPTION OF HYDRONIC UNDERFLOOR HEATING SYSTEMS IN COMPLETE RENOVATION PROJECTS177
TABLE 133UNDERFLOOR HEATING MARKET FOR RETROFIT INSTALLATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION)178
TABLE 134UNDERFLOOR HEATING MARKET FOR RETROFIT INSTALLATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION)178
16APPENDIX179
16.1DISCUSSION GUIDE179
16.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL182
16.3CUSTOMIZATION OPTIONS184
16.4RELATED REPORTS184
16.5AUTHOR DETAILS185

Report Title: Electric Heat Tracing Market by Type (Self-regulating, Constant Wattage, Mineral-insulated, Skin Effect), Application (Freeze Protection & Process Temperature Maintenance, Roof & Gutter De-icing), Vertical and Region - Global Forecast to 2027


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