Electric Heat Tracing Systems Market Overview:

Components of an electric heat tracing system include electric heat tracing cables (parallel constant watts, series constant watts, power-limiting, or self-regulating), cable end termination systems, a power connection kit, temperature sensors, thermal insulation, a monitoring and control panel, and other accessories. The use of electric heat tracing systems in the commercial sector began in the 1950s when steam tracing was no longer an option. A heat tracing system was used in the electric tracing of oil, asphalt, and wax transfer lines.

Electric heat tracing systems are commonly used in the oil & gas industry. There is a high level of volatility in the oil & gas industry worldwide. During the last couple of years, oil & gas production has been slowing. Electric heat tracing systems are expected to experience substantial growth in the near future, due to recent stability. The near future is also expected to see the award of many new projects. During the forecast period, electric heat tracing systems are expected to gain in demand. Additionally, the market for electric heat tracing systems is expected to benefit from an increase in oil and gas exploration projects in subsea and the Arctic region.

There has been a significant increase in the adoption of electric heat tracing systems over conventional steam tracing, along with an increase in investment in developing infrastructure for oil and gas pipelines. Industrial heat tracing such as tars, petroleum residues, and waxes has traditionally used steam tracing since the 19th century. Most industrial heat tracing systems use steam tracing, which accounts for 70% of the total. When compared to electric heat tracing systems, steam tracing systems are inefficient and complex to control.

The energy sector is predicted to showcase significant industrial fragmentation in the upcoming years, and this is primarily due to the rising awareness regarding the utilization of renewable sources of energy over conventional energy sources. The energy sector is also benefitting from the introduction of blockchain technology as this can help in trading energy with efficiency and this technology also provides transparency which can be useful for consumers as well as the service providers. With global warming turning to be a significant existential issue for the entire world, the sustainability sector is predicted to witness substantial market growth in the next few years with initiatives untaken by governments across the world in creating a plastic-free infrastructure. Moreover, the automobile sector has slowly initiated in adopting electric vehicles and by the looks at its continuous growth, this shall be regularised over the next few years.  

The assessment of the Electric Heat Tracing Systems Market is performed taking various factors into consideration, like for instance, the business expansion policies of key players, competitive analysis of the progress of new entrants and emerging players, the revenue, financial, and opportunity analysis of market players. The Electric Heat Tracing Systems Market is also analyzed based on the regional segmentation, product type or technique, end-user spectrum, etc. This research will be conducted with the implementation of the latest market research methodologies which shall help organizations comprehend the overall market scenario and strategize accordingly.

Major players included in the Electric Heat Tracing Systems Market:

• Pentair PLC

• Thermon Inc.

• Emerson Electric Co.

• Danfoss

• Parker Hannifin Corp

• BARTEC GmbH

• Warmup

• Heat Trace Limited

• Chromalox

• Eltherm GmbH

• BriskHeat

• Urecon

• Supermec Private Limited

• Raychem RPG

(Note: The list of the major players will be updated with the latest market scenario and trends)

Electric Heat Tracing Systems Market Segmentation:

By Component

• Electric Heat Tracing Cables

• Power Connection Kit

• RTD Sensors (Thermostat)

• Other Accessories

By Application

• Process Temperature Maintenance

• Hot Water Temperature Maintenance

• Floor Heating

• Freezing Protection

By End-user Industry

• Industrial

• Commercial

• Residential

By Region

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East and Africa

Electric Heat Tracing Systems Market Competitive Analysis:

• Tier-1 Players

• Tier-2 Players

• Emerging Players

• New Entrants

Future Market Analytics Focus Points:

• SWOT Analysis

• Key Market Trends

• Key Data -Points Affecting Market Growth

• Revenue and Forecast Analysis

• Growth Opportunities For New Entrants and Emerging Players

• Key Player and Market Growth Matrix 

Objectives of the Study:

• To provide a comprehensive analysis on the Electric Heat Tracing Systems Market by component, by application, by end-user industry and by region

• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)

• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa

• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players

In case of any requirements or changes to the current table of content please contact us at:
enquiry@futuremarketanalytics.com

Description

1. Market Introduction

    1.1. Objectives of the Study 

    1.2. Market Definition 

    1.3. Market Scope 

         1.3.1. Years Considered for the Study

         1.3.2. Market Covered

    1.4. Currency

    1.5. Limitations 

    1.6. Stakeholders 

2. Research Methodology 

    2.1. Research Data 

         2.1.1. Secondary Data

                2.1.1.1. Key Data from Secondary Sources

         2.1.2. Primary Data

                2.1.2.1. Key Data from Primary Sources

    2.2. Market Size Estimation 

    2.3. Market Breakdown and Data Triangulation 

    2.4. Assumptions for the Study  

3. Executive Summary

    3.1. Market Outlook

    3.2. Segment Outlook

    3.3. Competitive Insights

4. Market Variables, Trends & Scope

    4.1. Market Lineage Outlook

    4.2. Penetration and Growth Prospect Mapping

    4.3. Industry Value Chain Analysis

    4.4. Cost Analysis Breakdown

    4.5. Technology Overview

    4.6. Regulatory Framework on Country Level

         4.6.1. Reimbursement Framework

         4.6.2. Standards and Compliances

5. Market Overview

    5.1. Market Dynamics

         5.1.1. Market Driver Analysis

         5.1.2. Market Restraint Analysis

         5.1.3. Industry Challenges

6. Market Analysis tools

    6.1. Industry Analysis – Porter’s

         6.1.1. Supplier Power

         6.1.2. Buyer Power

         6.1.3. Substitution Threat

         6.1.4. Threat from new entrants

         6.1.5. Competitive Rivalry

    6.2. Pestel Analysis

         6.2.1. Political Landscape

         6.2.2. Environmental Landscape

         6.2.3. Social landscape

         6.2.4. Technology landscape

         6.2.5. Legal Landscape

7. Electric Heat Tracing Systems Market, By Component Historical Analysis 2016-2020 and Forecast 2022-2028 (USD million)

    7.1. Electric Heat Tracing Cables

    7.2. Power Connection Kit

    7.3. RTD Sensors (Thermostat)

    7.4. Other Accessories

8. Electric Heat Tracing Systems Market, By Application Historical Analysis 2016-2020 and Forecast 2022-2028 (USD million)

    8.1. Process Temperature Maintenance

    8.2. Hot Water Temperature Maintenance

    8.3. Floor Heating

    8.4. Freezing Protection

9. Electric Heat Tracing Systems Market, By End-user Industry Historical Analysis 2016-2020 and Forecast 2022-2028 (USD million)

    9.1. Industrial

    9.2. Commercial

    9.3. Residential

10. North America Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million)           

    10.1. Introduction

    10.2. Historical Market Size (USD Mn) Analysis By Country, 2016-2020

          10.2.1. U.S.

          10.2.2. Canada

          10.2.3. Mexico

          10.2.4. Rest of North America

    10.3. Market Size (USD Mn) Forecast for North America 2022-2028

11. Latin America Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million)

    11.1. Introduction

    11.2. Regional Market Trends

    11.3. Historical Market Size (USD Mn) Analysis By Country, 2016-2020

          11.3.1. Brazil

          11.3.2. Venezuela

          11.3.2. Argentina

          11.3.3. Rest of Latin America

    11.4 Market Size (USD Mn) Forecast for Latin America 2022-2028

12. Europe Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million)

    12.1. Introduction

    12.2. Historical Market Size (USD Mn) Analysis By Country, 2016-2020

          12.2.1. Germany

          12.2.2. U.K

          12.2.3. France

          12.2.4. Italy

          12.2.5. Switzerland

          12.2.6. Spain

          12.2.7. Russia

          12.2.8. Poland

          12.2.9. Rest of Europe

    12.3. Market Size (USD Mn) Forecast for Europe 2022-2028

13. Asia Pacific Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million)

    13.1. Introduction

    13.2. Historical Market Size (USD Mn) Analysis By Country, 2016-2020

          13.2.1. Japan

          13.2.2. China

          13.2.3. Singapore

          13.2.4. Korea         

          13.2.5. India

          13.2.6. Australia and New Zealand

          13.2.7. ASEAN

          13.2.8. Rest of Asia Pacific

    13.3. Market Size (USD Mn) Forecast for Asia Pacific 2022-2028

14. Middle East and Africa Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million)

    14.1. Introduction

    14.2. Historical Market Size (USD Mn) Analysis By Country, 2016-2020

          14.2.1. UAE

          14.2.2. South Africa

          14.2.3. Egypt

          14.2.4. Saudi Arabia

          14.2.5. Rest of MEA

    14.3. Market Size (USD Mn) Forecast for MEA 2022-2028

15. Company Profiles (Competition Dashboard, Competitors Deep Dive, Product Type and Technology Portfolio, Financial Layouts)

    15.1. Pentair PLC

           15.1.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.1.2. Product Portfolio

           15.1.3. SWOT Analysis

           15.1.4. Financial Overview

           15.1.5. Strategic Overview

    15.2. Thermon Inc.

           15.2.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.2.2. Product Portfolio

           15.2.3. SWOT Analysis

           15.2.4. Financial Overview

           15.2.5. Strategic Overview

    15.3. Emerson Electric Co.

           15.3.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.3.2. Product Portfolio

           15.3.3. SWOT Analysis

           15.3.4. Financial Overview

           15.3.5. Strategic Overview

    15.4. Danfoss

           15.4.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.4.2. Product Portfolio

           15.4.3. SWOT Analysis

           15.4.4. Financial Overview

           15.4.5. Strategic Overview

    15.5. Parker Hannifin Corp

           15.5.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.5.2. Product Portfolio

           15.5.3. SWOT Analysis

           15.5.4. Financial Overview

           15.5.5. Strategic Overview

    15.6. BARTEC GmbH

           15.6.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.6.2. Product Portfolio

           15.6.3. SWOT Analysis

           15.6.4. Financial Overview

           15.6.5. Strategic Overview

    15.7. Warmup

           15.7.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.7.2. Product Portfolio

           15.7.3. SWOT Analysis

           15.7.4. Financial Overview

           15.7.5. Strategic Overview

    15.8. Heat Trace Limited

           15.8.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.8.2. Product Portfolio

           15.8.3. SWOT Analysis

           15.8.4. Financial Overview

           15.8.5. Strategic Overview

    15.9. Chromalox

           15.9.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.9.2. Product Portfolio

           15.9.3. SWOT Analysis

           15.9.4. Financial Overview

           15.9.5. Strategic Overview

    15.10. Eltherm GmbH

           15.10.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.10.2. Product Portfolio

           15.10.3. SWOT Analysis

           15.10.4. Financial Overview

           15.10.5. Strategic Overview

    15.11. BriskHeat

           15.11.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.11.2. Product Portfolio

           15.11.3. SWOT Analysis

           15.11.4. Financial Overview

           15.11.5. Strategic Overview

    15.12. Urecon

           15.12.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.12.2. Product Portfolio

           15.12.3. SWOT Analysis

           15.12.4. Financial Overview

           15.12.5. Strategic Overview

    15.13. Supermec Private Limited

           15.13.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.13.2. Product Portfolio

           15.13.3. SWOT Analysis

           15.13.4. Financial Overview

           15.13.5. Strategic Overview

    15.14. Raychem RPG

           15.14.1. Company Overview (HQ, Business Segments, Employee Strength)

           15.14.2. Product Portfolio

           15.14.3. SWOT Analysis

           15.14.4. Financial Overview

           15.14.5. Strategic Overview

(Note: The list of the major players will be updated with the latest market scenario and trends)

16. Impact of COVID-19

    16.1. Positive influence on the industry

    16.2. The financial disruption of the sector

    16.3. Impact of COVID-19 on emerging companies

    16.4. Significant mandates in the industry regulations initiated by administrations 

    16.5. The overall economic slowdown of the developing and developed nations

17. Competitive Intelligence and Competitive Matrix

    17.1. Competitive Intelligence

    17.2. Competitive Matrix

18. Major Deals and Strategic Alliances Analysis

    18.1. Joint ventures

    18.2. Mergers and acquisitions

    18.3. Licensing and partnerships 

    18.4. Technology Collaborations

    18.5. Strategic Divestments

    18.6. Market Entry Strategies

19. Relevant Case Studies and Latest News Updates

20. Key Market Takeaway Points from the Market Analysts at Future Market Analytics