The Electric Heat Tracing Global Market Report 2023, provides comprehensive information on the electric heat tracing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
Learn More On The Electric Heat Tracing Market’s Growth:
https://www.thebusinessresearchcompany.com/report/electric-heat-tracing-global-market-report
The global electric heat tracing market is poised for expansion, with the market size projected to increase from $2.25 billion in 2022 to $2.43 billion in 2023, reflecting a notable compound annual growth rate (CAGR) of 8%. However, the recent Russia-Ukraine conflict has temporarily impeded the global economic recovery following the COVID-19 pandemic, particularly in the short term. This geopolitical tension has resulted in economic sanctions, surging commodity prices, and supply chain disruptions, consequently driving inflation in the prices of various goods and services. Nonetheless, the global electric heat tracing market is expected to achieve a market size of $3.18 billion by 2027, demonstrating a respectable CAGR of 7%.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=9059&type=smp
Product development and innovation are gaining popularity as a key trend in the electric heat tracing market. Major market players are introducing innovative electric heat tracing systems that include cutting-edge technologies such as self-regulating, power limiting, parallel constant wattage, series resistance (polymer or mineral), and skin effect tracing. For instance, in June 2021, nVent Electric plc, UK-based electric heat tracing solution provider company, introduced nVent Raychem HTV Heating Cable. The nVent Raychem HTV is used in a newly developed semi-conductive polymer nanocomposite material with improved heat stability. The material has better thermal strength, providing better energy preservation at high temperatures. The cable can operate at temperatures as high as 205°C (400°F) continuously and resist temperatures as high as 260°C (500°F).
The electric heat tracing market is segmented:
1) By Type: Self-Regulating, Constant Wattage, Mineral-Insulated, Skin Effect
2) By Components: Electric Heat Tracing Cables, Power Connection Kits, Control And Monitoring Systems, Thermal Insulation Materials, Other Components
3) By Vertical: Oil And Gas, Chemical, Commercial, Residential, Power And Energy, Food And Beverage, Pharmaceutical, Water And Wastewater Treatment, Other Verticals
4) By Application: Freeze Protection Process And Temperature Maintenance, Roof And Guttering De-Icing, Floor Heating, Other Applications:
North America was the largest region in the electric heat tracing market in 2022.
Top 5 Major Key Players Are:
Thermon Group Holding Inc
Bartec Top Holding GmbH
Danfoss
eltherm GmbH
Emerson Electric Company
Table Of Contents
1. Executive Summary
2. Electric Heat Tracing Market Characteristics
3. Electric Heat Tracing Market Trends And Strategies
4. Electric Heat Tracing Market – Macro Economic Scenario
5. Electric Heat Tracing Market Size And Growth
…….
26. Africa Electric Heat Tracing Market
27. Electric Heat Tracing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Heat Tracing Market
29. Electric Heat Tracing Market Future Outlook and Potential Analysis
30. Appendix
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Market Size - The hazelnut market size has grown strongly in recent years. It will…
Market Size - The IoT gateway devices market size has grown rapidly in recent years.…
The industrial automation cable market size is expected to see strong growth in the next…
Market Size - The zinc rich coating market size has grown rapidly in recent years.…
The fleet management software market size is expected to see rapid growth in the next…
Market Size - The time-sensitive networking (TSN) market size has grown exponentially in recent years.…