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The future of the electric heat tracing market looks promising with opportunities in the oil & gas, chemical, commercial, residential, power & energy, food & beverage, pharmaceutical, and water & wastewater management industries. The global electric heat tracing market is expected to grow with a CAGR of 7% to 9% from 2021 to 2026. The major drivers for this market are increasing demand for energy efficient heat tracing system and growing adoption of electric heat tracing system over conventional steam tracing system.
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