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Electric Heat Tracing Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Electric Heat Tracing Market with COVID-19 Impact, by Type (Self Regulating, Constant Wattage), Application (Freeze Protection & Process Temperature Maintenance), Vertical
There have been various developments in the electric heat tracing market. Self-regulating cables have become the most popular elements of electric heat tracing systems, which are offered by most of the industrial heat tracing manufacturers. A self-regulating cable is an energy-efficient component of the heat tracing system. This type of cable eliminates the possibility of heat burnout due to the inability to dissolve internally-generated heat, which is the most common cause of heat tracing system failure. The maximum temperature in self-limiting heat tracing systems can reach usually much lower than the maximum temperature specified since the wattage delivered decreases with an increase in temperature. Thus, self-regulating heating cables are flexible and engineered to automatically increase or decrease the power output depending on the temperature;
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The market in North America is expected to register the highest CAGR during 2020–2025.North America includes countries such as the US and Canada, which are among the coldest countries in the world. Electric heat tracing finds increasing adoption in these countries for applications such as freeze protection, roof & gutter de-icing, and floor heating. Moreover, with the new oil & gas pipeline projects planned in the region, the electric heat tracing market in North America is expected to grow significantly during the forecast period.