Electric Heat Tracing Market: Introduction
Expanding number of industrial and commercial piping systems is one of
the key factors contributing to the growth of global Electric Heat
Tracing market. Electric heat tracing system consists of various
components such as electric heat tracing cable, power connection kit,
thermostat, electric heat tracing label, and thermal insulation. The
heating cables are attached to the product pipe or the equipment surface
in order to trace the heat. Resistive type electric heat tracing system
is the commonly used heating system across various commercial
applications, where heat is produced in proportion to the square of the
current (I) and the resistance (R) of the elements (I2R). The design
parameters of an electric system varies according to application, and
also the heat trace control scenarios range from simple to complex based
on the type of trace used and the process.
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
The global Electric Heat Tracing market is segmented on the basis of system components, type, end user industry, and region.
On the basis of system components, global Electric Heat Tracing market can be segmented into following types;
- Heating tracing cables
- Monitoring and control systems
- Power connection kit
- Insulation material
- Others
On the basis of type, the global Electric Heat Tracing market can be segmented into following types;
- Resistive
- Impedance
- Induction
- Skin effect
On the basis of end user industry, the global Electric Heat Tracing market can be segmented into following industries;
- Oil & Gas
- Food & Beverages
- Pharmaceutical
- Water & Sewage Management
- Power & Energy
- Others
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.
