London, UK -- (SBWIRE) -- 04/17/2018 -- The Global Electric Heat Tracing (EHT) market is accounted for $2.14 billion in 2017 and is expected to reach $4.12 billion by 2026 growing at a CAGR of 7.5%. Some of the key factors fueling the market include rising demand for heat tracing systems from several industries, adoption of electric heat tracing systems over conventional steam and increasing demand for permanent heating solutions. However, high cost, complex design and devastating effects of overlapping of heating cables are hampering the market growth.

Electric heat tracing is used to sustain the temperature within pipes, tanks and vessels.. It is also used to reimburse for the loss of heat. Mainly, electric heat tracing is used to avoid freezing by maintaining the material above the essential temperature that enables smooth material flow inside the pipe or vessel. Electric heat tracing decreases the viscosity of a fluid for effective pumping. Moreover, it is also used to raise the temperature of the fluid inside the pipe, avoid the formation of liquids in gas lines, and enable minimal formation of solids in liquid pipes. Early and regular electric heat tracing audit is very important, as it could help in predicting the approximate time of electric heat tracing failure.

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Amongst end user, oil & gas industry held largest market share. In many regions, there is a rise in the development of oil and gas pipelines as in cold conditions, heat trace systems are required for the continuous flow of a fluid or gas in the pipeline and to protect them from freezing. In this industry, heat tracing systems are used for different applications such as process temperature maintenance, viscosity control, pipe freeze protection and tank heating. By geography, North America is anticipated to dominate the global market during the forecast period due to increasing acceptance of electric heat tracing systems for a variety of applications. In addition, as it is cold region, the chances of pipe freezing are high. Oil & gas is a main industry in the US, which is important to the economy of North America.

Some of the key players in the global Electric Heat Tracing (EHT) market Bartec, Briskheat, Chromalox, Danfoss, Drexan, Eltherm, Emerson, Heat Trace Products, Neptech, Parker-Hannifin, Pentair, Qmax, Technitrace, Thermon and Warmup.

Types Covered:
- Skin Effect
- Constant Wattage
- Mineral–Insulated
- Self-Regulating

End Users Covered:
- Chemicals
- Water & Wastewater Management
- Oil & Gas
- Food & Beverages
- Commercial
- Power & Energy
- Residential
- Other End Users

Applications Covered:
- Floor Heating
- Process Temperature Maintenance
- Freeze Protection
- Viscosity Control
- Roof and Gutter
- Other Applications

Regions Covered:
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa

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Table of Content
1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Electric Heat Tracing (EHT) Market, By Type
5.1 Introduction
5.2 Skin Effect
5.3 Constant Wattage
5.4 Mineral–Insulated
5.5 Self-Regulating

6 Global Electric Heat Tracing (EHT) Market, By End User
6.1 Introduction
6.2 Chemicals
6.3 Water & Wastewater Management
6.4 Oil & Gas
6.5 Food & Beverages
6.6 Commercial
6.7 Power & Energy
6.8 Residential
6.9 Other End Users

7 Global Electric Heat Tracing (EHT) Market, By Application
7.1 Introduction
7.2 Floor Heating
7.3 Process Temperature Maintenance
7.4 Freeze Protection
7.5 Viscosity Control
7.6 Roof and Gutter
7.7 Other Applications

8 Global Electric Heat Tracing (EHT) Market, By Geography
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia Pacific
8.5 South America
8.6 Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Bartec
10.2 Briskheat
10.3 Chromalox
10.4 Danfoss
10.5 Drexan
10.6 Eltherm
10.7 Emerson
10.8 Heat Trace Products
10.9 Neptech
10.10 Parker-Hannifin
10.11 Pentair
10.12 Qmax
10.13 Technitrace
10.14 Thermon
10.15 Warmup

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