The global electric heating cable market is anticipated to grow at a CAGR of 5.5% during the forecast period. Electric heating cables are flexible electrical elements that provide localized heat. They are known for their versatility, energy-efficiency, and easy to installation process. These cables are suitable for retrofitting and have added benefit of emitting no harmful emissions. Their primary advantage lies in their ability to protect pipes, roofs, and gutters from freezing during cold weather, preventing potential damage. One of the key features of electric heating cables is their precise temperature control and safety mechanisms, ensuring reliable operation. Additionally, they bolster a long lifespan and require minimal maintenance, making them a cost-effective solution.
The increasing demand for electric heating cables has led various market players, such as Thermon, Emerson Electric Co., NIBE Group, and nVent Electric plc, among others, adopting different strategies to cater to the market needs and stay competitive. These companies have significantly contributed to the market’s growth through strategies like mergers and acquisitions, partnerships, collaborations, funding initiatives, and the introduction of new technology electric heating cables. By leveraging these approaches, they can expand their product offerings, gain access to new markets, and enhance their overall market presence. For instance,
- In March 2023, nVent launched XTVR self-regulating heating cables with High Power Retention (HPR) technology. These cables are designed for freeze protection and temperature maintenance applications. They can withstand high temperatures and have a design life of 20 years or more. The XTVR heating cable is the latest addition to nVent’s self-regulating heating cable lineup.
- In July 2021, NIBE Industrier AB acquired Heat Trace Holdings Ltd. The purpose of NIBE’s acquisition of Heat Trace Holdings Ltd is to expand its presence and capabilities in the electric heat tracing market. By acquiring Heat Trace Holdings Ltd, NIBE aims to strengthen its position in providing heating solutions and further enhance its product portfolio.
- *Note- It is important to note that the information provided is based on data available up to September 2021, and there may have been further developments in the market beyond that date.
To Request a Sample of our Report on Electric Heating Cable Market: https://www.omrglobal.com/request-sample/electric-heating-cable-market
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including Thermon, Raychem RPG Pvt. Ltd., Emerson Electric Co., nVent Electric plc, and Watts Water Technologies, Inc., among others.
A full Report of Electric Heating Cable Market is Available @ https://www.omrglobal.com/industry-reports/electric-heating-cable-market
Electric Heating Cable Market Report Segment
By Type
- Self-Regulating Electric Heating Cable
- Constant Wattage Electric Heating Cable
- Mineral Insulated Electric Heating Cable
- Skin-Effect Electric Heating Cable
By Application
- Industrial
- Residential
- Commercial
Electric Heating Cable Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AnBang Electric Corp,
- BARTEC Top Holding GmbH
- BriskHeat
- Chromalox
- Danfoss Group
- Eltherm GmbH
- Flexelec
- Heat Trace Products, LLC
- Isopad
- King Manufacturing
- SST Group Inc.
- Thanglong Electric
- The OMERIN Group
- Thermwell Products Co., Inc.
- Trasor Corp.
- Urecon Ltd
- Warmup plc
- Wuhu Jiahong
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/electric-heating-cable-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
