Electric heat tracing (EHT) market is expected to rise to an estimated value of USD 3.97 billion by 2026, registering a CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the adoption of permanent heating solutions and systems from various applicable industries.
Electric trace heating is the process of enhancing the levels of temperature in pipes, floors, vessels and other infrastructural surfaces with the help of heat tracing cables. This is highly significant in areas where the temperatures can drop significantly and can result in freezing of pipes, vessels and other components in an industry. This method also helps in optimal maintenance of processes by helping keep a consistent temperature base in a more efficient manner as compared to other heating solutions such as insulation or jacketing.
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Market Drivers and Restraints:
Rapid preference of these systems over conventional steam tracing methods is expected to propel the growth of the market
Lower costs of operations and maintenance; this factor is expected to drive the growth of the market
Focus of various industries on adoption of resource efficient systems for heating will also boost the market growth
Significant negative impacts associated with heat cables overlapping; this factor is expected to hamper the growth of the market
Large levels of costs required for installation of these systems due to their complicated designing is another factor restricting this market growth in the forecast period
The major players covered in the Electric Heat Tracing (EHT) Market
Few of the major competitors currently working in the global electric heat tracing (EHT) market are nVent; Thermon, Inc. BARTEC; Spirax-Sarco Engineering plc; Emerson Electric Co.; Danfoss; eltherm GmbH; BriskHeat; Parker Hannifin Corp; Drexan Energy Systems, Inc.; HEAT TRACE; Heat Trace Products, LLC; QMax Industries Inc.; Technitrace; Anhui Huanrui Heating Manufacturing Co.,Ltd.; SST Group; Drexma Industries Inc.; Ives Equipment, Inc.; TRACELEC Group; Urecon Ltd.; jiahong among others.
Major TOC Of The Report
Chapter One: Electric Heat Tracing (EHT) Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Electric Heat Tracing (EHT) Market Competition, by Players
Chapter Four: Global Electric Heat Tracing (EHT) Market Size by Regions
Chapter Five: North America Electric Heat Tracing (EHT) Market Revenue by Countries
Chapter Six: Europe Electric Heat Tracing (EHT) Market Revenue by Countries
Chapter Seven: Asia-Pacific Electric Heat Tracing (EHT) Market Revenue by Countries
Chapter Eight: South America Electric Heat Tracing (EHT) Market Revenue by Countries
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Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Electric Heat Tracing (EHT) Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Electric Heat Tracing (EHT) Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Electric Heat Tracing (EHT) Market
A roadmap of growth opportunities available in the global Electric Heat Tracing (EHT) Market with the identification of key factors
The exhaustive analysis of various trends of the global Electric Heat Tracing (EHT) Market to help identify market developments
Key Questions Answered in Report:
What is the key to the Electric Heat Tracing (EHT) Market?
What will the Electric Heat Tracing (EHT) Market Demand and what will be Growth?
What are the latest opportunities for Electric Heat Tracing (EHT) Market in the future?
What are the strengths of the key players?
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