One of the major drivers of the expansion of the industrial and commercial pipe systems market is the increasing demand for electric heat tracing. The electric heat tracing system is made up of a number of parts, including thermal insulation, an electric heat tracing label, an electric heat tracing cable, and a power connection kit. To track the heat, the heating cables are fastened to the product pipe or the equipment surface.
The most widely used heating method in commercial applications is the resistive type electric heat tracing system, where heat is generated proportionally to the square of the current (I) and the resistance (R) of the elements (I2R). Depending on the application, an electric system’s design specifications and heat trace management options vary.
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Electric Heat Tracing Market: Market Dynamics
Expanding compliance requirements, and continuous migration from steam tracing systems to electric heat system are the prominent factors contributing to the growth of global Electric Heat Tracing market. Increasing investment on developing oil/gas pipeline infrastructure coupled with rising environmental, health, and safety concerns on the oil pipeline infrastructure, accelerates the growth of global Electric Heat Tracing market.
Additionally, growing interest by organizations across various industries on operational improvements to enhance efficiency and continuous adoption to automated monitoring and control solutions is expected to fuel the growth of global Electric Heat Tracing market.
However, requirement of continuous auditing to identify non-functioning/problematic heat trace, and complexity in insulation are identified as restraints which are likely to deter the progression of global Electric Heat Tracing market.
Electric Heat Tracing Market: Market Segmentation
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Electric Heat Tracing Market: Regional Outlook
Regionally, the global Electric Heat Tracing market is segmented across North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan, Japan, and Middle East & Africa. Among all regions, North America Electric Heat Tracing market is expected to dominate the market due stringent regulation on industrial safety and high preference energy efficient heat tracing solutions.
Asia Pacific is identified as the fastest growing Electric Heat Tracing market, due to rapid industrialization and expanding oil/gas pipeline infrastructure.
Electric Heat Tracing Market: Competition Landscape
Some of the prominent players in the global Electric Heat Tracing market includes, Thermon, BARTEC, Pentair plc, Danfoss, Chromalox, BriskHeat, eltherm GmbH, PARKER HANNIFIN CORP, Warmup Inc., and Urecon Ltd.
The report covers exhaustive analysis on:
- Electric Heat Tracing Market segments
- Electric Heat Tracing Market dynamics
- Historical Actual Market Size, 2015 – 2016
- Electric Heat Tracing Market size & forecast 2017 to 2027
- Ecosystem analysis
- Electric Heat Tracing Market current trends/issues/challenges
- Competition & Companies involved technology
- Value Chain
- Electric Heat Tracing Market drivers and restraints
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Regional analysis for Electric Heat Tracing Market includes
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Western Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Nordics
- Benelux
- Rest of the Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of the Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- China
- India
- ASEAN
- Australia and New Zealand (ANZ)
- Rest of APEJ
- Japan
- The Middle East & Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Expert analysis, actionable insights, and strategic recommendations – the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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