The Business Research Company’s Electric Heat Tracing Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Electric Heat Tracing Global Market Report 2023 evaluates electric heat tracing market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global electric heat tracing market size is expected to grow from $2.25 billion in 2022 to $2.43 billion in 2023 at a compound annual growth rate (CAGR) of 8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electric heat tracing market size is expected to reach $3.18 billion in 2027 at a CAGR of 7%.
The electric heat tracing market segments in the report are:
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
Top Key Players
- Thermon Group Holding Inc.
- Bartec Top Holding GmbH
- Danfoss
- eltherm GmbH
- Emerson Electric Co.
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The table of contents in TBRC’s electric heat tracing market report includes:
- Executive Summary
- Electric Heat Tracing Market Characteristics
- Electric Heat Tracing Market Trends And Strategies
- Electric Heat Tracing Market – Macro Economic Scenario
- Electric Heat Tracing Market Size And Growth
.
- Electric Heat Tracing Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Electric Heat Tracing Market
- Electric Heat Tracing Market Future Outlook and Potential Analysis
- Appendix
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