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The market is segmented by Type Of Heating Cable, by Method, by End-User Industry, and by Geography with country level analysis. Geographically, North America is holding significant share of electric heat tracing market. Booming oil and gas industry and adoption of green energy are prominent growth factors of this market.
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Electric Heat Tracing Market Forecast From 2019 to 2024
DESCRIPTION Electric heat tracing market is expected to witness a CAGR of 4.70% during the forecast period to reach a total market value of US$2.476 billion by 2023, increasing from US$1.880 billion in 2017. Rapidly growing industries like chemical, oil and gas, food and beverage and others are the major drivers for this market.
Key Questions Answered By The Report • What will be Electric Heat Tracing Market from 2019 to 2024? • How are the major drivers and restraints affecting the Electric Heat Tracing Market. • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Electric Heat Tracing Market are : • By Type of Heating Cable • Self-Regulating Heating Cables • Power-Limiting Heating Cable • Parallel Constant Watt Heating Cable • Series Constant Watt Heating Cables • By Method • Electric Resistance Heat Tracing • Skin Effect Tracing • Impedance Heat Tracing • Induction Heating • By End-User Industry • Chemical • Food and Beverage • Energy and Power • Oil and Gas • Others
Geography • North America • United States • Canada • Mexico • Others • South America • Brazil • Argentina • Others
Geography Europe • Germany • France • Italy • United Kingdom • Others Middle East and Africa • Israel • Saudi Arabia • UAE • Others Asia Pacific • Japan • China • India • Others
COMPANY PROFILES Spirax-Sarco Engineering plc Danfoss eltherm GmbH BriskHeat Parker Hannifin Corp nVent Bartec Raychem RPG
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