Global
Electric Heating Cable Market is valued approximately USD 2.6 billion in 2019
and is anticipated to grow with a healthy growth rate of more than 4.2 % over
the forecast period 2020-2026. An Electric Heating Cable is a wire cable that
produces heat, also known as heat trace cable amongst the industry. It is used
for a wide range of applications including heat loss replacement, pipe tracing,
freeze protection, viscosity control, temperature process maintenance, roof and
gutter, and much more. The rising disposable income and urbanization as well as
rising industrial growth across the world are the few factors responsible for
growth of the market over the forecast period. Furthermore, the introduction of
products and services and other strategic alliances by market key player will
create a lucrative opportunity for the market. For instance: as per Company's
news release in July 2018, nVent, provider of electric connection and
protection solutions launched its production plant in St. Petersburg, Russia in
order to expand its business in Russia and increase the product portfolio.
Thus, Electric heating cables demand in industrial, residential and commercial
will rise the growth of global Electric Heating Cable market during the
forecast period.
The
regional analysis of global
Electric Heating Cable market is considered for the key regions such as
Asia Pacific, North America, Europe, Latin America and Rest of the World. North
America is the leading/significant region across the world. Whereas,
Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the
forecast period 2020-2026.
Major
market player included in this report are:
Raychem
Corporation
SST
Group
Anhui
Huanrui Heating Manufacturing Co. Ltd.
Thermon
Inc.
Bartec
Wuhu
Jiahong New Material Co. Ltd.
Emerson
Electric Co.
AnBang
Electric Corp.
Eltherm
Heat
Trace Products LLC
Anhui
Huayang
The
objective of the study is to define market sizes of different segments &
countries in recent years and to forecast the values to the coming eight years.
The report is designed to incorporate both qualitative and quantitative aspects
of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial
aspects such as driving factors & challenges which will define the future
growth of the market. Additionally, the report shall also incorporate available
opportunities in micro markets for stakeholders to invest along with the
detailed analysis of competitive landscape and product offerings of key
players. The detailed segments and sub-segment of the market are explained
below:
By Product Type:
Self-regulating
Heating Cable
Constant
Wattage Heating Cable
Mineral
Insulated Heating Cable
Skin-Effect
Heat-Tracing Cable
By Application:
Industrial
Residential
Commercial
By Region:
North
America
U.S.
Canada
Europe
UK
Germany
Asia
Pacific
China
India
Japan
Latin
America
Brazil
Mexico
Rest
of the World
Furthermore,
years considered for the study are as follows:
Historical
year-2016, 2017, 2018
Base
year-2019
Forecast
period-2020 to 2026
Target
Audience of the Global Electric Heating Cable Market in Market Study:
Key
Consulting Companies & Advisors
Large,
medium-sized, and small enterprises
Venture
capitalists
Value-Added
Resellers (VARs)
Third-party
knowledge providers
Investment
bankers
Investors
For More Information, Click on the Link Below:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
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