Global Electrical Heating Cables Market Research Report 2023(Status and Outlook)
Report Overview
An electric heating cable is a wire cable that produces heat, also referred to as heat trace cable amongst the industry. It is used for a wide range of applications including heat loss replacement, pipe tracing, freeze protection, viscosity control, temperature process maintenance, roof and gutter, and much more. In this report, it mainly focuses on the industrial applications.
Electric heating cable is mainly classified into four types: self-regulating, constant wattage, mineral insulated and skin-effect heating cable. And self-regulating heating cable is the most widely used type which takes up about 58% of the global total in 2019.
Europe is the largest consumption country of Electric heating cable in the world in the past few years and it will keep the same position in the next few years. Europe market took up about 36% the global market in 2019, followed by North America with the share about 31%.
China, North America, Germany, Russia are now the key producers of electric heating cables. There are many producers with low price, poor quality products and vicious competition in China. The high quality products are mainly supplied by overseas producers. Other key factories of electric heating cable are from Korea, France, UK, Canada, etc.
Raychem, SST, Anhui Huanrui, Thermon, Bartec, Wuhu Jiahong, Emerson, Anbang, Eltherm, Heat Trace Products, Anhui Huayang and Chromalox are the key producers in the global electric heating cable market. Top 5 took up about 44.24% of the global sales in 2019. Raychem, SST, Thermon, which have leading technology and market position, are well known suppliers around the world, and Anhui Huanrui, Wuhu Jiahong, Anbang, Anhui Huayang are the leading supplier in China with the total local share of about 50%.
Raychem is the largest supplier of electric heating cable with a global share of about 15%. SST is the second largest supplier of electric heating cable in the world and the largest in Europe, it took about 9% of the global total market. Other key suppliers are Raychem, Anhui Huanrui, Thermon, Bartec, Wuhu Jiahong, Emerson, Eltherm, etc.
The Global Electrical Heating Cables Market Size was estimated at USD 2586.9 million in 2022 and is projected to reach USD 3591.77 million by 2029, exhibiting a CAGR of 4.80% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global Electrical Heating Cables market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electrical Heating Cables Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electrical Heating Cables market in any manner.
Global Electrical Heating Cables Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Raychem
SST
Anhui Huanrui
Thermon
Bartec
Wuhu Jiahong
Emerson
Anbang
Eltherm
Heat Trace Products
Anhui Huayang
Chromalox
Isopad
King Manufacturing
Flexelec
Garnisch
FINE Unichem
SunTouch
Urecon
Thermopads
Market Segmentation (by Type)
Self-regulating Electric Heating Cable
Constant Wattage Electric Heating Cable
Mineral Insulated Electric Heating Cable
Skin-Effect Electric Heating Cable
Market Segmentation (by Application)
Hospitals
Physical Examination Center
Physician Groups
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Electrical Heating Cables Market
Overview of the regional outlook of the Electrical Heating Cables Market:
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