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Follow on Google News | Electric Heat Tracing Market worth 3.26 Billion USD by 2023Electric Heat Tracing Market by Type (Self-Regulating, Constant Wattage, Mineral-Insulated, Skin Effect), Application, Vertical (Oil & Gas, Commercial, Power & Energy, Residential, Food & Beverages) and Geography
By: Marketsandmarkets "Self-regulating cables expected to hold a major share of the electric heat tracing market between 2017 and 2023" Self-regulating cables led the electric heat tracing market in 2016. Self-regulating cables are offered by most industrial heat tracing manufacturers. Self-regulating cables are energy-efficient heat tracing systems. These cables can be used in hazardous and non-hazardous areas as they are intrinsically safe. Self-regulating heat tracing systems do not overheat or burnout even in the case of self-overlapping; Download PDF Brochure @ https://www.marketsandmarkets.com/ "Oil & gas vertical expected to grow at a high CAGR between 2017 and 2023" The oil & gas industry is one of the major verticals for electric heat tracing. In the oil & gas industry, heat tracing systems are used for various applications such as pipe freeze protection, process temperature maintenance, viscosity control, and tank heating. In many regions, there is an increase in the expansion 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. The increase in the projects of new pipelines and expansion of old pipelines are likely to provide opportunities to heat tracing system manufacturers in the near future. "North America expected to hold a major share of electric heat tracing market between 2017 and 2023" North America is expected to hold the largest share of the electric heat tracing market during the forecast period. North American countries are adopting electric heat tracing systems for various applications such as freeze protection and process temperature maintenance of pipelines. In North America, due to the cold region, the chances of pipe freezing are high. Oil & gas is a major industry in the US, which is important to the economy of North America. The temperature in the US is usually low; hence, to prevent pipelines, carrying oil and gas, chemicals, or any other fluids, from freezing, it becomes necessary to maintain the temperature of the process that can be done using electric heat tracing systems. Request Sample @ https://www.marketsandmarkets.com/ Major players in the electric heat tracing market are Pentair (UK), Thermon (US), BARTEC (Germany), Chromalox (US), Emerson (US), Danfoss (Denmark), BriskHeat (US), eltherm (Germany), Parker-Hannifin (US), and Warmup (UK). It also includes start-up companies, namely, Drexan (Canada), Heat Trace Products (US), Neptech (US), QMAX (US), and TECHNITRACE (France). About MarketsandMarkets™ MarketsandMarkets™ Our 850 fulltime analyst and SMEs at MarketsandMarkets™ MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Rohan MarketsandMarkets™ 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com End
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