The electric heat tracing market, based on type, has been segmented into self-regulating, constant wattage, mineral-insulated, skin effect. Self-regulating is the leading type of heat tracing cables and is expected to dominate the market during the forecast period. Self-regulating heating cables increase power as the temperature drops, and decrease power as the temperature rises; hence, they are more energy-efficient than any other type of cables. These systems have a long lifespan and require less maintenance, which is also one of the prime reasons that they are preferred for various applications. Hence, self-regulating cables are expected to boost the market for electric heat tracing systems.
The growth of this market can be attributed to the increasing demand for energy-efficient electric heat tracing systems, low maintenance cost, and high adoption of electric heat tracing systems over conventional systems.
Market Analysis and Insights: Global Electric Heat Tracing Market
In 2019, the global Electric Heat Tracing market size was US$ 2703.4 million and it is expected to reach US$ 3256.6 million by the end of 2026, with a CAGR of 2.7% during 2021-2026.
Global Electric Heat Tracing Scope and Market Size
Electric Heat Tracing market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Electric Heat Tracing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Electric Heat Tracing market is segmented into Self-regulating, Constant wattage, Mineral-insulated, Skin effect, etc.
Segment by Application, the Electric Heat Tracing market is segmented into Oil & gas, Chemicals, Commercial, Power & energy, Residential, Food & beverages, Water & wastewater management, Other, etc.
Regional and Country-level Analysis
The Electric Heat Tracing market is analysed and market size information is provided by regions (countries).
The key regions covered in the Electric Heat Tracing market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Electric Heat Tracing Market Share Analysis
Electric Heat Tracing market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Electric Heat Tracing business, the date to enter into the Electric Heat Tracing market, Electric Heat Tracing product introduction, recent developments, etc.
The major vendors include Pentair, Thermon, Bartec, Chromalox, Emerson, Danfoss, Eltherm, Briskheat, Parker-Hannifin, Warmup, etc.

This report focuses on the global Electric Heat Tracing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electric Heat Tracing development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study

Pentair
Thermon
Bartec
Chromalox
Emerson
Danfoss
Eltherm
Briskheat
Parker-Hannifin
Warmup

Market segment by Type, the product can be split into

Self-regulating
Constant wattage
Mineral-insulated
Skin effect

Market segment by Application, split into

Oil & gas
Chemicals
Commercial
Power & energy
Residential
Food & beverages
Water & wastewater management
Other

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:

To analyze global Electric Heat Tracing status, future forecast, growth opportunity, key market and key players.
To present the Electric Heat Tracing development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Electric Heat Tracing are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.