Summary

Electric Heat Tracing Market Size
The global electric heat tracing market size was valued at $2.81 billion in 2024 and is projected to reach $4.73 billion by 2030, growing at a CAGR of 9.1% during the forecast period.

Electric Heat Tracing Market Overview
Electric heat tracing is a method used to prevent freezing or maintain optimal temperatures in pipelines, tanks, and other industrial equipment by applying electric heating elements directly to the surface. This system utilizes resistive heating cables or tapes that generate heat when electrical current passes through them. The heat produced is then transferred to the surface being traced, effectively preventing the formation of ice or maintaining the desired temperature. Electric heat tracing is commonly used in various industries such as oil and gas, petrochemical, food processing, and pharmaceuticals to ensure the integrity and functionality of critical infrastructure in harsh environments.

Electric Heat Tracing Market Dynamics
• The electric heat tracing market is expected to witness significant growth in the future due to the increasing demand for energy-efficient heat tracing solutions, growing adoption of electric heat tracing in the oil and gas industry, and stringent regulations regarding workplace safety and maintenance of temperature-sensitive processes.
• Additionally, the rising investments in infrastructure development projects across various industries, technological advancements leading to the development of more reliable and cost-effective electric heat tracing systems, and expansion opportunities in emerging economies with growing industrial sectors are the prominent factors driving the growth of the electric heat tracing market.
• However, the high initial investment and installation costs, limited awareness about the benefits of electric heat tracing in certain regions, and Potential risks associated with electrical safety and maintenance are restraining the market growth.
• On the contrary, the development of customized electric heat tracing solutions for specific applications, integration of smart technologies for remote monitoring and control of heat tracing systems, and increasing focus on renewable energy sources for powering electric heat tracing systems are creating opportunities for market growth.

By Application, the Freeze Protection & Process Temperature Maintenance Segment Emerge as the Dominant Segment
The freeze protection & process temperature maintenance segment is expected to have a huge demand due to the critical needs in various industries. Freeze protection is vital, especially in colder climates, where pipes, tanks, and other equipment are susceptible to freezing, leading to potential damage and disruptions in operations.

Electric heat tracing provides a reliable solution to prevent freezing by maintaining consistent temperatures, ensuring the continuous flow of fluids and the integrity of infrastructure. Similarly, in process temperature maintenance, industries such as oil and gas, petrochemicals, and food processing require precise temperature control to uphold product quality, safety, and operational efficiency.

Electric heat tracing systems offer customizable solutions to regulate temperatures in pipelines, vessels, and reactors, optimizing production processes and minimizing downtime. The demand for electric heat tracing in the Freeze Protection & Process Temperature Maintenance segment is driven by the imperative to uphold operational reliability, comply with safety regulations, and enhance productivity across various industrial sectors.

By Geography, North America Dominates by Being the Largest Market for Electric Heat Tracing
North America region maintains a commanding lead in market revenue due to the region encounters diverse weather conditions, including extremely cold temperatures in many areas during winter months, leading to the need for effective freeze protection and temperature maintenance solutions in various industries.

Additionally, stringent regulations and standards related to workplace safety and environmental protection drive the adoption of electric heat tracing systems to ensure the integrity of pipelines, tanks, and other critical infrastructure. Moreover, the presence of extensive oil and gas infrastructure, as well as widespread industrial activities in sectors such as petrochemicals, chemicals, and food processing, further amplifies the demand for reliable heat tracing solutions to safeguard operations and prevent costly downtime.

Additionally, ongoing investments in infrastructure development projects, coupled with advancements in technology, contribute to the growth of the electric heat tracing market in North America. These factors collectively create a robust demand landscape for electric heat tracing solutions in the region.

List of the Key Players Profiled in the Report Includes:
• nVent Electric PLC
• Thermon Group Holdings
• Spirax-Sarco Engineering Plc
• NIBE Industrier AB
• BARTEC Top Holdings Gmbh
• Danfoss Group
• eltherm GmbH
• Emerson Electric Co.
• Watlow Electric Manufacturing Company
• Drexan Energy System, Inc.
• BriskHeat
• Urecon
• Raychem

Recent Developments:
• In December 2023, BARTEC launched the Helos Pro, a cutting-edge software engineered to calculate heat loss, specifically tailored for creating industrial electrical heat tracing systems for pipelines and tanks. With a focus on delivering accurate heat tracing designs, the software enhances the effectiveness and dependability of heating systems.
• In June 2023, Spirax-Sarco launched a novel product called the "Turflew Heat Exchanger," aimed at providing an effective solution for fluid temperature regulation in heating and cooling applications. This innovative product is specifically tailored to meet the demands of process water management.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:
• Self-Regulating
• Constant Wattage
• Mineral-Insulated
• Skin Effect

Market by, Component:
• Electric Heat Tracing Cables
• Power Connection Kits
• Control and Monitoring Systems
• Thermal Insulation Materials
• Other Components

Market by, Application:
• Freeze Protection & Process Temperature Maintenance
• Roof & Guttering De-Icing
• Floor Heating
• Other Applications

Market by, End User:
• Oil & Gas
• Chemical
• Commercial
• Residential
• Power & Energy
• Food & Beverage
• Pharmaceutical
• Water & Wastewater Treatment
• Other End Users

Market by, Geography:
The electric heat tracing market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:
The report “Electric Heat Tracing Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.

ページTOPに戻る

Table of Contents

1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations

2 Executive Summary

3 Research Methodology
3.1 Identification of Data
3.2 Data Analysis
3.3 Verification
3.4 Data Sources
3.5 Assumptions

4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges


5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market

6 Global Electric Heat Tracing Market by, Type
6.1 Overview
6.2 Self-Regulating
6.3 Constant Wattage
6.4 Mineral-Insulated
6.5 Skin Effect

7 Global Electric Heat Tracing Market by, Component
7.1 Overview
7.2 Electric Heat Tracing Cables
7.3 Power Connection Kits
7.4 Control and Monitoring Systems
7.5 Thermal Insulation Materials
7.6 Other Components

8 Global Electric Heat Tracing Market by, Application
8.1 Overview
8.2 Freeze Protection & Process Temperature Maintenance
8.3 Roof & Guttering De-Icing
8.4 Floor Heating
8.5 Other Applications

9 Global Electric Heat Tracing Market by, End User
9.1 Overview
9.2 Oil & Gas
9.3 Chemical
9.4 Commercial
9.5 Residential
9.6 Power & Energy
9.7 Food & Beverage
9.8 Pharmaceutical
9.9 Water & Wastewater Treatment
9.10 Other End Users

10 Global Electric Heat Tracing Market by, Geography
10.1 Overview
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 UK
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Australia
10.4.6 New Zealand
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 UAE
10.6.2 Saudi Arabia
10.6.3 Qatar
10.6.4 Iran
10.6.5 South Africa
10.6.6 Rest of Middle East & Africa

11 Key Developments

12 Company Profiling
12.1 nVent Electric PLC
12.1.1 Business Overview
12.1.2 Product/Service Offering
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Activities
12.2 Thermon Group Holdings
12.3 Spirax-Sarco Engineering Plc
12.4 NIBE Industrier AB
12.5 BARTEC Top Holdings Gmbh
12.6 Danfoss Group
12.7 eltherm GmbH
12.8 Emerson Electric Co.
12.9 Watlow Electric Manufacturing Company
12.10 Drexan Energy System, Inc.
12.11 BriskHeat
12.12 Urecon
12.13 Raychem