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(EMAILWIRE.COM, September 28, 2018 ) The report recent analysis an in-depth overview of the current Scenario of the Global Electric Heat Tracing Market, with details concerning the functioning and design of the product, future market landscape, processes involved in the manufacturing of the system, and detailed segmentation, key companies and competitive landscape and growth prospects of the vast regulations levied on the import, export, and global sales of this recent developments and strategies adopted by key manufacturers.
The Global Electric Heat Tracing (EHT) market is accounted for $2.14 billion in 2017 and is expected to reach $4.12 billion by 2026 growing at a CAGR of 7.5%. Some of the key factors fueling the market include rising demand for heat tracing systems from several industries, adoption of electric heat tracing systems over conventional steam and increasing demand for permanent heating solutions. However, high cost, complex design and devastating effects of overlapping of heating cables are hampering the market growth.
Some of the key players in the global Electric Heat Tracing (EHT) market
· Bartec,
· BriskHeat CorporationChromalox,
· Danfoss
· Drexan
· Eltherm
· Heat Trace Products, LLC
· Neptech, Inc
· Parker Hannifin
· Pentair
· Q'Max Solutions Inc.
· TECHNITRACE
· Thermon, Inc.
· Warmup PLC
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Electric heat tracing is used to sustain the temperature within pipes, tanks and vessels.. It is also used to reimburse for the loss of heat. Mainly, electric heat tracing is used to avoid freezing by maintaining the material above the essential temperature that enables smooth material flow inside the pipe or vessel. Electric heat tracing decreases the viscosity of a fluid for effective pumping. Moreover, it is also used to raise the temperature of the fluid inside the pipe, avoid the formation of liquids in gas lines, and enable minimal formation of solids in liquid pipes. Early and regular electric heat tracing audit is very important, as it could help in predicting the approximate time of electric heat tracing failure.
Amongst end user, oil & gas industry held largest market share. In many regions, there is a rise in the development of oil and gas pipelines as in cold conditions, heat trace systems are required for the continuous flow of a fluid or gas in the pipeline and to protect them from freezing. In this industry, heat tracing systems are used for different applications such as process temperature maintenance, viscosity control, pipe freeze protection and tank heating. By geography, North America is anticipated to dominate the global market during the forecast period due to increasing acceptance of electric heat tracing systems for a variety of applications. In addition, as it is cold region, the chances of pipe freezing are high. Oil & gas is a main industry in the US, which is important to the economy of North America.
Types Covered:
• Skin Effect
• Constant Wattage
• Mineral–Insulated
• Self-Regulating
End Users Covered:
• Chemicals
• Water & Wastewater Management
• Oil & Gas
• Food & Beverages
• Commercial
• Power & Energy
• Residential
• Other End Users
Applications Covered:
• Floor Heating
• Process Temperature Maintenance
• Freeze Protection
• Viscosity Control
• Roof and Gutter
• Other Applications
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Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Electric Heat Tracing (EHT) Market, By Type
6 Global Electric Heat Tracing (EHT) Market, By End User
7 Global Electric Heat Tracing (EHT) Market, By Application
8 Global Electric Heat Tracing (EHT) Market, By Geography
9 Key Developments
10 Company Profiling
10.1 Bartec
10.2 Briskheat
10.3 Chromalox
10.4 Danfoss
10.5 Drexan
10.6 Eltherm
10.7 Emerson
10.8 Heat Trace Products
10.9 Neptech
10.10 Parker-Hannifin
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Available Customizations
With the given market data, Researchformarkets offers customizations according to the company's specific needs. The following customization options are available for the report:
· Regional and country-level analysis of the Electric Heat Tracing (EHT) market, by end-use.
· Detailed analysis and profiles of additional market players.
About Research for Markets:
Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.
Research For Markets
Mr. A Naidu
+448000418237
alan.naidu@researchformarkets.com
Source: EmailWire.Com
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