Europe Electric Heat Tracing Market – Industry Analysis and Market Forecast (201Posted by rahul on December 22nd, 2020 Europe Electric Heat Tracing Market is expected to reach USD XX Billion by 2024 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Europe Electric Heat Tracing Market, By Type n Electric Heat Tracing is a system that is being used for either maintaining or raising the temperature of different pipes or vessels using electrical heating element being run in physical contact all along the complete length of pipe or vessels. The electric tracAe heating cables are normally used as an alternative for steam tracing heating where steam is not available. The Europe market for Electric Heat Tracing is classified into type, application, vertical, and geography. By type, the market is divided into constant wattage, skin effect, self-regulating, and mineral–insulated. Floor heating, viscosity control, roof and gutter, freeze protection, and process temperature maintenance formed the various application areas based on which the market for electric heat tracing is segmented in Europe. The various verticals that are being considered under the scope of the report include residential, commercial, oil & gas, chemicals, food & beverages, water & wastewater management, and power & energy. Companies and different manufacturers in the European region are tracing heating cables, hoses, and jackets for a varied range of applications. Companies having a large set of research & development portfolio is working on offering specialist engineering services. It is done by specifying a simple trace of heating solution related to a small vessel or pipe-run; using the turnkey installation of different process temperature maintenance systems found on major refineries. The heat tracing systems are used for providing guaranteed frost fortification. Some of the applications focus on factors such as: • Energy Efficiency – The self-regulating heat tracing cable automatically adjusts the output as per the ambient conditions which in turn reduces power consumption Companies in Europe are also focusing on electrical heat tracing that is specialized in the industrial and hazardous area for applications across importing/exporting, or sales and consulting. It saves on electricity by putting heat exactly the place where it is required, in place of wasting energy over the entire length of the cable. Europe has been one of the key regions when it comes to technological development and usage of new equipment for saving energy across numerous industry verticals. The high growth of oil & gas industry along with growth in usage of pipes along with its related heat delivering properties have pushed the market growth. Key Highlights: • Europe Electric Heat Tracing market size analysis and forecast Years that have been considered for the study are as follows: • Base Year – 2018 For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered. Research Methodology: The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get the unbiased idea of the market. This exercise was done at the country level to get the fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the market value for Europe Electric Heat Tracing Market • Eltherm Key Target Audience: • Electric heat tracing system manufacturers and suppliers visit at-https://www.maximizemarketresearch.com/market-report/europe-electric-heat-tracing-market/6927/ The research report segments Europe Electric Heat Tracing market based on type, application, vertical, and geography. • Constant Wattage • Floor Heating • Residential • Europe Geographic Analysis: • Breakdown of UK Electric Heat Tracing market Available Customizations: Maximize Market Research offers customizations of reports according to the specific requirement of our clients About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Like it? Share it! More by this author |