Global Electric Heat Tracing Market Insights Forecasts to 2032

• The Global Electric Heat Tracing Market Size was valued at USD 2.7 Billion in 2022.
• The Market is Growing at a CAGR of 7.8% from 2022 to 2032
• The Worldwide Electric Heat Tracing Market Size is expected to reach USD 5.9 Billion by 2032
• Asia Pacific is expected to grow the fastest during the forecast period

The Global Electric Heat Tracing Market Size is expected to reach USD 5.9 Billion by 2032, at a CAGR of 7.8% during the forecast period 2022 to 2032.

Electrical trace heating, often known as heat tracing, is the method of regulating or increasing the ambient temperature of instrument impulse lines, pipelines, and even vessels using specially constructed cables. Trace heating is often utilized to preserve pipelines from freezing, to provide a steady stream temperature in water heating systems, or to keep process temperatures in piping that are required to transport compounds that harden at room temperature. Electric trace heating cables are used instead of steam trace heating when steam is unavailable or undesirable. Trace heating keeps the interior temperature above freezing by balancing heat supplied with heat lost. The use of trace heating in conjunction with the proper thermal insulation for the operational ambient temperature ensures a thermal balance in which the thermal output generated by the trace heating equals the heat loss from the pipe. Among the most typical pipeline electrical trace heating applications are freeze protection, temperature maintenance, and snow melting on roadways. Other applications for electrical trace heating cables include ramp and stair snow removal, ice protection, underfloor heating, window de-misting, anti-condensation, pond freeze protection, soil warming, cavitation prevention, and many more. The rising need for highly energy-efficient electric heat tracing systems, as well as the affordable maintenance cost of electric heat tracing systems, are contributing to the electric heat tracing market's growth over the forecast period.

Driving Factors

Electric heat tracing is a critical solution for a variety of industries to assure process safety, material flow, and output uniformity. Heat tracing is used in a variety of industrial applications and infrastructure to avert freezing, maintain fluidity, and retain contents at an ideal temperature for handling. The increasing popularity of energy-efficient solutions, accelerated industrialization, the expansion of the commercial sector, and the requirement for enhanced freeze protection solutions are some of the key factors propelling the electric heat tracing market over the forecast period. The expenses associated with the use of electric heat tracing are limited to control systems and power. In addition, increased demand for heat tracing systems from various end-user sectors, as well as growing utilization of heat tracing systems in power plants, are likely to generate potential prospects throughout the forecast period. An additional significant driver is the transition from traditional heat tracing systems towards these newer electric technologies.

A variety of elements, including industry-specific needs, regulatory constraints, and technological improvements, increase the introduction of electric heat tracing. As enterprises expand and regions confront environmental variations, the demand for dependable and effective heating solutions such as electric heat tracing is expected to rise.

Market Segmentation

By Type Insights

The self-regulating segment is dominating the market with the largest revenue share over the forecast period.

On the basis of type, the global electric heat tracing market is segmented into the self-regulating, constant wattage, mineral-insulated, skin effect, and others. Among these, the self-regulating segment is dominating the market with the largest revenue share of 53.7% over the forecast period. Heat tracing cables with self-regulating output vary how they operate as they adapt to changes in ambient temperature. The cable's heat output increases as the ambient temperature drops and decreases as the ambient temperature rises. In contrast, as temperature rises, resistance lowers, leading to greater power output. This type of technology is highly beneficial in freeze protection applications where temperature control is critical. Its substantial market share had been attributed to its capability to automatically alter heat output based on temperature changes, as well as its energy economy and adaptability.

By Application Insights

The freeze protection & process temperature maintenance segment is expected to hold the largest share of the global electric heat tracing market during the forecast period.

Based on the application, the global electric heat tracing market is classified into freeze protection & process temperature maintenance, roof & guttering de-icing, floor heating, and others. Among these, the freeze protection & process temperature maintenance segment is expected to hold the largest share of the electric heat tracing market during the forecast period. The expansive industrial requirement for continuous temperature maintenance, as well as the vital significance of preventing freezing in numerous activities, accounted for this segment's major market penetration. In this sub-segment, electric heat tracing is used to prevent freezing in pipes, tanks, and other equipment, particularly in industries where the transfer of fluid is crucial. It is also utilized to keep a steady temperature so that certain processes can run properly. Additionally, the demand for preventing freezing and maintaining certain temperatures in industrial processes, particularly in industries like oil and gas, chemicals, and pharmaceuticals, further increased the significance of this category.

By End-Use Insights

The oil & gas segment accounted for the largest revenue share of more than 32.8% over the forecast period.

On the basis of end-uses, the global electric heat tracing market is segmented into chemical, commercial, power & energy, food & beverage, residential, pharmaceutical, oil & gas, water & wastewater treatment, and others. Among these, the oil & gas segment is dominating the market with the largest revenue share of 32.8% over the forecast period, because of the crucial needs for safety, operational efficiency, and the movement of valuable resources. Maintaining the flow of highly viscous fluids in pipelines is critical in the oil and gas sector, particularly in colder climates. Temperature control and freeze protection are critical in the oil and gas industry, especially given the harsh settings in which these operations frequently take place. Given the enormous network of pipes and the importance of maintaining flow, particularly in frigid regions, this industry has a high demand for electric heat tracing solutions.

Regional Insights

North America dominates the market with the largest market share over the forecast period.

North America is dominating the market with more than 38.7% market share over the forecast period. The amalgamation of an enormous industrial base, particularly in the oil and gas sector, technological advancements, and distinctive climatic requirements positioned North America as a dominant player in the global electric heat tracing market. There is a substantial demand for electric heat tracing solutions in areas with major oil and gas deposits and infrastructure, particularly in the United States and Canada. Furthermore, North America's significance can also be attributed to its developed industrial landscape, resilient legislation, and broad implementation of heat tracing technology in industries such as oil and gas. Moreover, the necessity to upgrade existing infrastructure creates the potential for innovative heat tracing systems to be implemented in the region.

Asia Pacific, on the contrary, is expected to grow the fastest during the forecast period. The Asia Pacific region, which includes economies such as China, India, Japan, and numerous Southeast Asian states, has been a hotspot of industrial expansion and infrastructure development. The Asia Pacific energy sector is expanding, particularly in oil and gas exploration and processing, which drives the need for electric heat tracing systems. The demand for electric heat tracing in applications such as pipelines and industrial facilities is increasing as the region invests extensively in infrastructure. Furthermore, the expansion of commercial and residential infrastructure in metropolitan areas offers significant possibilities for applications such as floor heating and roof de-icing in the electric heat tracing market in the region.

The Europe market is expected to register a substantial CAGR growth rate during the forecast period. With a focus on environmental sustainability and reducing energy consumption, European nations are anticipated to embrace electric heat-tracing solutions that meet the above goals. Stringent safety, environmental, and energy efficiency restrictions will promote the adoption of high-quality electric heat tracing solutions in the region. Electric heat tracing is used in a variety of industries, including chemicals, pharmaceuticals, and food and beverage.

List of Key Market Players

• Danfoss
• eltherm GmbH
• Emerson Electric Co.
• Watlow Electric Manufacturing Company
• Drexan Energy System, Inc.
• NIBE Industrier AB
• BARTEC Top Holding GmbH
• nVent Electric plc
• Thermon Group Holding, Inc.
• Spirax-Sarco Engineering plc
• BriskHeat
• Parker Hannifin
• Pentair Plc.
• Supermec
• Emerson Electric Company

Key Market Developments

• On July 2023, nVent Electric plc, a global pioneer in electrical connection and protection solutions, announced the acquisition of TEXA Industries, which will operate within its Enclosures business area. The purchase of TEXA Industries and its highly complementary portfolio boosts nVent's position as a global solutions provider. TEXA Industries offers modern cooling technologies, such as revolutionary industrial air conditioners and chillers, to help customers effectively solve for increasing heat loads while developing systems.

• On March 2022, Thermon Group Holding, Inc. has released a new edition of the VisiTrace 3D Heat Tracing Design System, which offers increased system visualization and change management.

• On July 2021, Heat Trace Holding Ltd (UK), a creator and manufacturer of electric heating wires, has been acquired by NIBE Industrier AB. This acquisition aided NIBE Industrier AB's expansion into the electric heat tracing sector.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Electric Heat Tracing Market based on the below-mentioned segments:

Electric Heat Tracing Market, Type Analysis

• Self-Regulating
• Constant Wattage
• Mineral-insulated
• Skin Effect
• Others

Electric Heat Tracing Market, Application Analysis

• Freeze Protection & Process Temperature Maintenance
• Roof & Guttering De-icing
• Floor Heating
• Others

Electric Heat Tracing Market, End-Use Analysis

• Chemical
• Commercial
• Power & Energy
• Food & Beverage
• Residential
• Pharmaceutical
• Oil & Gas
• Water & Wastewater Treatment
• Others

Electric Heat Tracing Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa