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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. We have covered all segments of this market like market size, share, growth, analysis in the market research report.<br>For more information, visit us:tt<br>https://www.knowledge-sourcing.com/report/global-electric-heat-tracing-market<br>
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Global Electric Heat Tracing Market Forecasts 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. Increasing concerns regarding energy conservation across industries are augmenting the demand for energy efficient heat tracing systems, thus boosting the market growth. Furthermore, increasing focus of industry players towards reducing costs, enhancing productivity and improving margins is also fuelling the adoption of these systems among, thereby contributing to the market growth. Geographically, North America holds a significant share in this market on account booming oil and gas industry in this region. Middle East and Africa, and Asia Pacific regions also hold a decent share of the electric heat tracing market.
Some Key Questions Answered By The Report • What will Global Electric Heat Tracing Market from 2019 to 2024? • How are the major drivers and restraints affecting the Global Electric Heat TracingMarket. • Growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why?
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
Segment Analysis • We have included all segments of this market in market research report. • The Global Electric Heat Tracing market has been segmented on the basis of type of heating cable, method, end-user industry and geography. • For complete segment information visit us https://www.knowledge-sourcing.com/report/global-electric-heat-tracing-market
Conclusion • Major players in the Global Electric Heat Tracing market have been covered along with their relative competitive position and strategies. • The report also mentions recent deals and investments of different market players over the last year. • The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Global Electric Heat Tracingmarket.
COMPANY PROFILES Spirax-Sarco Engineering plc Danfoss eltherm GmbH BriskHeat Parker Hannifin Corp nVent Bartec Raychem RPG
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