Electric Heat Tracing Market Intelligence Report - Global Forecast to 2027

Electric Heat Tracing Market Intelligence Report - Global Forecast to 2027

The Global Electric Heat Tracing Market is projected to reach USD 4,508.93 million by 2027 from USD 2,701.31 million in 2021, at a CAGR 8.91% during the forecast period.

Market Statistics:

The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.

• The Americas Electric Heat Tracing Market size was estimated at USD 978.44 million in 2021 and expected to reach USD 1,049.98 million in 2022, at a CAGR 8.48% to reach USD 1,594.69 million by 2027.
• The Asia-Pacific Electric Heat Tracing Market size was estimated at USD 747.07 million in 2021 and expected to reach USD 824.13 million in 2022, at a CAGR 9.46% to reach USD 1,285.47 million by 2027.
• The Europe, Middle East & Africa Electric Heat Tracing Market size was estimated at USD 975.79 million in 2021 and expected to reach USD 1,059.83 million in 2022, at a CAGR 8.91% to reach USD 1,628.76 million by 2027.

Market Segmentation & Coverage:

The report on electric heat tracing identifies key attributes about the customer to define the potential market and identify different needs across the industry. Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making. Our market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organization decide target audience. This report gives you the composite view of sub-markets coupled with comprehensive industry coverage and provides you with the right way of accounting factors such as norms & regulations, culture, to make right coverage strategy for your market plan.

This research report categorizes the electric heat tracing to forecast the revenues and analyze the trends in each of the following sub-markets:

Component:

• Control and Monitoring Systems
  • Resistance Temperature Detectors
  • Thermocouples
  • Thermostats
• Electric Heat Tracing Cables
• Power Connection Kits
• Thermal Insulation Materials

Type:

• Constant Wattage
• Mineral-Insulated
• Self-Regulating
• Skin Effect

Temperature:

• 101°C to 250°C
• Above 250°C
• Up to 100°C

Application:

• Floor Heating
• Roof & Gutter De-Icing

Vertical:

• Chemicals
• Commercial
• Food & Beverages
• Oil & Gas
• Pharmaceuticals
• Power & Energy
• Pulp & Paper
• Residential
• Textile
• Transportation
• Water & Wastewater Management

Region:

• Americas
  • Argentina
  • Brazil
  • Canada
  • Mexico
  • United States
    • California
    • Florida
    • Illinois
    • New York
    • Ohio
    • Pennsylvania
    • Texas
• Asia-Pacific
  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
• Europe, Middle East & Africa
  • France
  • Germany
  • Italy
  • Netherlands
  • Qatar
  • Russia
  • Saudi Arabia
  • South Africa
  • Spain
  • United Arab Emirates
  • United Kingdom

Company Usability Profiles:

• BARTEC GmbH
• Danfoss A/S
• Drexan Energy Systems, Inc.
• Drexma Industries Inc.
• Ebeco AB
• eltherm GmbH
• Emerson Electric Co.
• King Electric Company
• Nexans S.A.
• NIBE Industrier AB
• nVent Electric PLC
• Spirax-Sarco Engineering PLC
• SST Group
• Thermon Group Holdings, Inc.
• Trasor Corporation
• Urecon Ltd. by GF Piping Systems
• Warmup
• Watlow Electric Manufacturing Company
• Wuhu Jiahong New Materials Co., Ltd.
• XAREX by E&STEC Co., Ltd.

Currency: USD

Base Year: 2021

Estimated Year: 2022

Forecast Year: 2027

Base Year Value: USD 2,701.31 million

Estimated Year Value: USD 2,933.95 million

Forecast Year Value: USD 4,508.93 million

CAGR (%): 8.91%.

Please Note: PDF & Excel + Online Access - 1 Year