Electric Heating Cable Market Worldwide Industry Analysis, Future Demand and Forecast till 2029

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.

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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.

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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

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