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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.
A more than 150 page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of electric heat tracing market report download the report brochure.
The study includes trends and forecasts for the global electric heat tracing market by type, end use industry, application, and region as follows:
By Type [$M shipment analysis for 2015 – 2026]:
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Self-Regulating
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Constant Wattage
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Mineral Insulated
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Skin Effect
By End Use Industry [$M shipment analysis for 2015 – 2026]:
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Oil & Gas
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Chemicals
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Commercial
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Residential
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Power & Energy
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Food & Beverages
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Pharmaceuticals
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Water & Wastewater Management
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Others
By Application [$M shipment analysis for 2015 – 2026]:
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Freeze Protection & Process Temperature Maintenance
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Floor Heating
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Roof & Gutter De-Icing
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Others
By Region [$M shipment analysis for 2015 – 2026]:
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North America
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United States
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Canada
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Mexico
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Europe
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Germany
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United Kingdom
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France
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Italy
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Asia Pacific
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China
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Japan
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India
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South Korea
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The Rest of the World
Self-regulating will remain the largest segment, as they are energy efficient and increases power as the temperature drops.
Oil and gas will remain the largest end use industry during the forecast period due to their wide usage in various applications, such as process temperature maintenance, viscosity control, and freeze protection.
North America will remain the largest region during the forecast period due to strict regulations on industrial safety and high preference for energy efficient heat tracing solutions.
Some of the electric heat tracing companies profiled in this report include nVent, Thermon, Spirax-Sarco Engineering, NIBE Industrier, Danfoss, BriskHeat; Parker Hannifin, Urecon, and BARTEC.
Features of Electric Heat Tracing Market
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Market Size Estimates: Electric heat tracing market size estimation in terms of value ($M)
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Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2021-2026) by various segments and regions.
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Segmentation Analysis: Market size by type, end use industry, and application
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Regional Analysis: Electric heat tracing market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
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Growth Opportunities: Analysis on growth opportunities in different type, end use industry, application, and regions for electric heat tracing market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape for the electric heat tracing market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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This report answers following 11 key questions |
Q.1 What are some of the most promising potential, high-growth opportunities for the global electric heat tracing market by type (self-regulating, constant wattage, mineral insulated, and skin effect), end use industry (oil & gas, chemicals, commercial, residential, power & energy, food & beverages, pharmaceuticals, water & wastewater management, and others), application (freeze protection & process temperature maintenance, floor heating, roof & gutter de-icing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the electric heat tracing market?
Q.5 What are the business risks and threats to the electric heat tracing market?
Q.6 What are emerging trends in this electric heat tracing market and the reasons behind them?
Q.7 What are some changing demands of customers in the electric heat tracing market?
Q.8 What are the new developments in the electric heat tracing market? Which companies are leading these developments?
Q.9 Who are the major players in the electric heat tracing market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the electric heat tracing market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the electric heat tracing market?
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