Global Electric Heat Tracing (EHT) Market By Type (Self-Regulating, Constant Wattage, Mineral-Insulated, Skin Effect), Application (Freeze Protection, Viscosity Control, Process Temperature Maintenance, Roof & Gutter, Floor Heating, Others), Vertical (Oil & Gas, Chemicals, Commercial, Residential, Power & Energy, Food & Beverages, Water & Wastewater Management, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Electric Heat Tracing (EHT) Market

Global electric heat tracing (EHT) market is expected to rise to an estimated value of USD 3.97 billion by 2026, registering a CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the adoption of permanent heating solutions and systems from various applicable industries.

Market Definition: Global Electric Heat Tracing (EHT) Market

Electric trace heating is the process of enhancing the levels of temperature in pipes, floors, vessels and other infrastructural surfaces with the help of heat tracing cables. This is highly significant in areas where the temperatures can drop significantly and can result in freezing of pipes, vessels and other components in an industry. This method also helps in optimal maintenance of processes by helping keep a consistent temperature base in a more efficient manner as compared to other heating solutions such as insulation or jacketing.

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Market Drivers:

Rapid preference of these systems over conventional steam tracing methods is expected to propel the growth of the market
Lower costs of operations and maintenance; this factor is expected to drive the growth of the market
Focus of various industries on adoption of resource efficient systems for heating will also boost the market growth

Market Restraints:

Significant negative impacts associated with heat cables overlapping; this factor is expected to hamper the growth of the market
Large levels of costs required for installation of these systems due to their complicated designing is another factor restricting this market growth in the forecast period

Segmentation: Global Electric Heat Tracing (EHT) Market

By Type

Self-Regulating
Constant Wattage
Mineral-Insulated
Skin Effect

By Application

Freeze Protection
Viscosity Control
Process Temperature Maintenance
Roof & Gutter
Floor Heating
Others

By Vertical

Oil & Gas
Chemicals
Commercial
Residential
Power & Energy
Food & Beverages
Water & Wastewater Management
Others
Pulp & Paper
Transportation
Textile

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Egypt
Israel
Rest of Middle East and Africa

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Key Developments in the Market:

In May 2019, nVent announced the availability of “RAYCHEM Elexant 4010i”. This controller belonging to the company’s “Elexant” product range provides an efficient control solution enabling greater security and reliability in controlling of heat tracing technology. It also helps in the integration of more advanced and cost-effective technological solutions
In April 2018, nVent announced that they had completed the separation of their business operations from “Pentair plc”. The company will consist of a highly advanced portfolio of electrical products for critical applications wherein the requirement of significantly reducing the incidences of failure is utmost important. This spin-off will provide customers with a more focused and streamlined approach in provision of electrical systems

Competitive Analysis

Global electric heat tracing (EHT) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electric heat tracing (EHT) market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global electric heat tracing (EHT) market are nVent; Thermon, Inc. BARTEC; Spirax-Sarco Engineering plc; Emerson Electric Co.; Danfoss; eltherm GmbH; BriskHeat; Parker Hannifin Corp; Drexan Energy Systems, Inc.; HEAT TRACE; Heat Trace Products, LLC; QMax Industries Inc.; Technitrace; Anhui Huanrui Heating Manufacturing Co.,Ltd.; SST Group; Drexma Industries Inc.; Ives Equipment, Inc.; TRACELEC Group; Urecon Ltd.; jiahong among others.