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Electric Heat Tracing Market Research Report Information By Type (Self-Regulating, Constant Wattage, Mineral-insulated, and Skin Effect), By Component (Electric Heat Tracing Cables, Power Connection Kits, Control and Monitoring Systems, Thermal Insulation Materials, and Others), By Application (Freeze Protection & Process Temperature Maintenance, Roof & Guttering De-icing, Floor Heating, and Others), By Vertical (Oil & Gas, Chemical, Commercial, Residential, Power & Energy, Food & Beverage, Pharmaceutical, Water & Wastewater Treatment, and


ID: MRFR/SEM/20510-HCR | 128 Pages | Author: Aarti Dhapte| June 2024

Global Electric Heat Tracing Market Overview


Electric Heat Tracing Market Size was valued at USD 3.1 Billion in 2023. The electric heat tracing market industry is projected to grow from USD 3.3 Billion in 2024 to USD 5.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.0% during the forecast period (2024 - 2032). Increasing industrial activities, growth in infrastructure projects, and expansion of industries in cold climate regions are the key market drivers enhancing the market growth.


Electric Heat Tracing Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Electric Heat Tracing Market Trends


Increasing industrial activities are driving market growth


Market CAGR is bolstered by increasing industrial activities, propelling the demand for electric heat tracing solutions. As various sectors burgeon, notably in domains such as petroleum and gas, chemical refinement, and culinary manufacturing, the imperative to uphold operational fidelity escalates. Electric heat tracing mechanisms safeguard uninterrupted functionality by thwarting freezing and upholding ideal temperatures within conduits, reservoirs, and pivotal apparatus; amidst the global propulsion of infrastructure spurred by industrialization, the electric heat tracing market witnesses a consistent expansion. This upswing is additionally propelled by rigorous safety protocols dictating the employment of dependable temperature control mechanisms, solidifying electric heat tracing's significance in contemporary industrial operations.


The uptick in infrastructure projects is a catalyst for increased sales in the electric heat tracing market. Amidst the worldwide surge in infrastructure enhancement, spanning diverse sectors, including petroleum extraction, chemical refinement, and architectural advancement, the call for steadfast temperature regulation methods intensifies. Electric heat tracing frameworks emerge as linchpins, safeguarding operational fluency and averting halts in crucial infrastructure elements like conduits, reservoirs, and industrial edifices. The imperatives of continual functionality and compliance with safety benchmarks propel the market's upward trajectory as infrastructure endeavors pursue dependable heating remedies capable of withstanding varied environmental circumstances and operational hurdles, thereby elevating sales figures.


The expansion of industries in cold climate regions is a driving force behind increased sales in the electric heat tracing market. As industrial activities extend into colder environments, the risk of freezing in pipelines, tanks, and equipment escalates, necessitating effective temperature maintenance solutions. Electric heat tracing systems offer a reliable means to prevent freezing and ensure continuous operation, thereby becoming indispensable in industries such as oil and gas, chemical processing, and food production. The expansion of these industries into cold climate regions amplifies the demand for electric heat tracing solutions, contributing to the market's growth by addressing critical temperature management challenges. Thus, driving the electric heat tracing market revenue.


Electric Heat Tracing Market Segment Insights:


Electric heat tracing Type Insights


The Electric Heat Tracing Market segmentation, based on tracing type, includes self-regulating, constant wattage, mineral-insulated, and skin effect. In 2023, the self-regulating segment dominated the market, accounting for 45% of market revenue (1.4 Billion). The sales of Self-Regulating electric heat tracing will increase due to its adaptive nature, energy efficiency, and versatility, making it ideal for diverse applications and environments, driving market demand.


Figure 1: Electric Heat Tracing Market, by Type, 2023 & 2032 (USD Billion)


Electric Heat Tracing Market, by Type


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Electric Heat Tracing Component Insights


The Electric Heat Tracing Market segmentation, based on Component, includes electric heat tracing cables, power connection kits, control and monitoring systems, thermal insulation materials, and others. In 2023, the electric heat tracing cables generated the most income (33%). Sales of Electric Heat Tracing Cables will rise owing to their essential role in temperature maintenance across various industries, coupled with advancements in cable technology and increased infrastructure development demands.


Electric Heat Tracing Application Insights


The Electric Heat Tracing Market segmentation, based on application, includes freeze protection & process temperature maintenance, roof & guttering de-icing, floor heating, and others. In 2023, freeze protection & process temperature maintenance generated the most income. Sales of Freeze Protection & Process Temperature Maintenance systems will surge due to expanding industrial activities, stringent safety regulations, and the need to ensure uninterrupted operations in diverse environmental conditions.


Electric Heat Tracing Vertical Insights


The Electric Heat Tracing Market segmentation, based on vertical, includes oil & gas, chemical, commercial, residential, power & energy, food & beverage, pharmaceutical, water & wastewater treatment, and others. In 2023, the oil & gas generated the most income. Sales of the oil & gas sector will escalate due to rising exploration and production activities, driving the demand for electric heat tracing systems to maintain operational integrity and prevent freezing in pipelines.


Electric Heat Tracing Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. North America is poised to dominate the electric heat tracing market due to several factors. The region boasts significant industrial infrastructure, particularly in the oil and gas sector. Moreover, stringent regulatory standards mandate the use of temperature maintenance systems, driving market demand. Additionally, North America experiences diverse climate conditions, including cold climates, necessitating reliable heating solutions. Furthermore, continuous advancements in technology and increasing investments in infrastructure further propel the region's dominance in this market.


Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, and South Korea.


Figure 2: ELECTRIC HEAT TRACING MARKET SHARE BY REGION 2023 (USD Billion)


ELECTRIC HEAT TRACING MARKET SHARE BY REGION


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe electric heat tracing market accounts for the second-largest market share due to increasing industrial activities, growth in infrastructure projects, and expansion of industries in cold climate regions. Further, the German electric heat tracing market held the largest market share, and the UK electric heat tracing market was the fastest growing market in the European region.


The Asia-Pacific Electric heat tracing Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to the increasing focus on energy efficiency and growth in the oil and gas industry. Moreover, China’s electric heat tracing market held the largest market share, and the Indian electric heat tracing market was the fastest growing market in the Asia-Pacific region.


Electric Heat Tracing Key Market Players & Competitive Insights


Leading market players in the electric heat tracing industry are continually innovating to stay ahead in this competitive landscape. They focus on research and development to introduce advanced solutions catering to diverse industrial needs. Moreover, strategic collaborations, partnerships, and mergers aid in expanding their market presence and geographical reach. Market developments such as product launches, acquisitions, and investments contribute to shaping the global electric heat tracing industry. These players also prioritize sustainability, aiming to offer energy-efficient solutions to meet evolving environmental regulations. Additionally, they emphasize customer-centric approaches, providing tailored solutions and excellent after-sales services. With the electric heat tracing industry witnessing steady growth globally, these key market players are integral in driving innovation and shaping the market's future trajectory through their proactive strategies and technological advancements.


Major players in the electric heat tracing market, including BARTEC Top Holding GmbH, Danfoss, Drexan Energy System, Inc., eltherm GmbH, Emerson Electric Co, nVent Electric plc, Spirax-Sarco Engineering plc, Thermon Group Holding, Inc., Watlow Electric Manufacturing Company and others, are attempting to increase market demand by investing in research and development operations.


Danfoss A/S, headquartered in Nordborg, Denmark, is an industrial equipment company specializing in a diverse range of products and solutions for various applications. They design, manufacture, and sell refrigeration, heating, air conditioning, motor control, and off-highway machinery solutions. Their product portfolio includes AC drives, valves, pumps, fire safety systems, sensors, thermostats, electronic controls, and more. Serving clients across automotive, energy, marine, building, and industrial sectors globally, Danfoss caters to markets in Europe, North America, Asia Pacific, Latin America, Africa, and the Middle East. Renowned for its innovation and customer-centric approach, Danfoss remains a leading player in the industrial equipment industry, committed to delivering high-quality solutions tailored to meet diverse customer needs.


nVent Electric Plc specializes in designing and manufacturing electrical connection and protection products. Their offerings include enclosures, thermal management solutions, and electrical and fastening solutions. The enclosures segment caters to safeguarding electronics, communication, control, and power equipment from heat. Additionally, nVent provides electric thermal solutions for critical buildings, infrastructure, and industrial processes. Their electrical and fastening solutions focus on connecting and protecting electrical and mechanical systems, along with civil structures. Renowned brand names under which they sell their products include CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER. Serving the energy, industrial, infrastructure, commercial, and residential sectors, nVent operates primarily in the US, Canada, Mexico, and other regions. Committed to innovation and quality, nVent remains a prominent player in the electrical products industry.


Key Companies in The Electric Heat Tracing Market Include



  • BARTEC Top Holding GmbH

  • Danfoss

  • Drexan Energy System, Inc.

  • eltherm GmbH

  • Emerson Electric Co

  • nVent Electric plc

  • Spirax-Sarco Engineering plc

  • Thermon Group Holding, Inc.

  • Watlow Electric Manufacturing Company


Electric Heat Tracing Industry Developments


December 2023: BARTEC unveiled Helos Pro, an innovative heat loss calculation software tailored for crafting industrial electrical heat tracing setups for pipelines and tanks. The software is engineered to deliver accurate heat tracing designs, elevating the effectiveness and dependability of heating systems.


June 2023: Spirax-Sarco launched a novel product called the "Turflew Heat Exchanger," aiming to optimize fluid temperature control in heating and cooling procedures, particularly tailored for the precise management of process water.


Electric Heat Tracing Market Segmentation:


Electric Heat Tracing Type Outlook



  • Self-Regulating

  • Constant Wattage

  • Mineral-insulated

  • Skin Effect


Electric Heat Tracing Connectivity Component Outlook



  • Electric Heat Tracing Cables

  • Power Connection Kits

  • Control and Monitoring Systems

  • Thermal Insulation Materials

  • Others


Electric Heat Tracing Application Outlook



  • Freeze Protection & Process Temperature Maintenance

  • Roof & Guttering De-icing

  • Floor Heating

  • Others


Electric Heat Tracing Vertical Outlook



  • Oil & Gas

  • Chemical

  • Commercial

  • Residential

  • Power & Energy

  • Food & Beverage

  • Pharmaceutical

  • Water & Wastewater Treatment

  • Others


Electric Heat Tracing Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Attribute/Metric Details
Market Size 2023 USD 3.1 Billion
Market Size 2024 USD 3.3 Billion
Market Size 2032 USD 5.7 Billion
Compound Annual Growth Rate (CAGR) 8.0% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Component, Application, Vertical, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea
Key Companies Profiled BARTEC Top Holding GmbH, Danfoss, Drexan Energy System, Inc., eltherm GmbH, Emerson Electric Co, nVent Electric plc, Spirax-Sarco Engineering plc, Thermon Group Holding, Inc., and Watlow Electric Manufacturing Company
Key Market Opportunities 路聽聽聽聽聽聽 Technological Advancements 路聽聽聽聽聽聽 Emerging Markets 路聽聽聽聽聽聽 Renewable Energy Integration
Key Market Dynamics 路聽聽聽聽聽聽 Increasing industrial activities 路聽聽聽聽聽聽 Growth in infrastructure projects 路聽聽聽聽聽聽 Expansion of industries in cold climate regions


Frequently Asked Questions (FAQ) :

The Electric Heat Tracing Market size was valued at USD 3.1 Billion in 2023.

The global market is projected to grow at a CAGR of 8.0% during the forecast period, 2024-2032.

North America had the largest share in the global market.

The key players in the market are BARTEC Top Holding GmbH, Danfoss, Drexan Energy System, Inc., eltherm GmbH, Emerson Electric Co, nVent Electric plc, Spirax-Sarco Engineering plc, Thermon Group Holding, Inc., and Watlow Electric Manufacturing Company, among others.

Self-regulating will dominate the market in 2023.

The electric heat tracing cables had the largest share in the global market.

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