World Electric Heat Tracing Market to Reach USD 3.1 Bn by 2023, Expects KBV Research in Its Topical Report Available at MarketPublishers.com10 Jan 2018 • by Natalie Aster
LONDON – Between 2017 and 2023, the world’s market for electric heat tracing is predicted to witness heathy, sustainable growth at a 5.5% CAGR. By 2023, the market size is likely to touch USD 3.1 billion.
Robust growth in the electric heat tracing market is attributed primarily to the escalating demand for energy-efficient electric heat tracing systems, rising adoption of electric heat tracing systems instead of conventional ones and also low maintenance cost.
However, growth in the electric heat tracing market in the coming years could considerably restrained by devastating effects of overlapping of heating cables.
The comprehensive research report “Global Electric Heat Tracing Market Analysis (2017-2023)” elaborated by KBV Research gives a close look at the current scenario in the electric heat tracing market at different geographical scales.
This research publication comprises trustworthy data on the electric heat tracing market performance (historical and present), touches upon the market dynamics, points out the key factors fueling and restraining the market growth, canvasses the prevailing development trends and presents an insightful overview of the emerging growth opportunities and challenges. Besides, this report includes a profound analysis of the main market segments (basing on applications, types, verticals and regions) with vital details on their shares and growth rates. In-depth insights into the competitive environment are provided as well along with comprehensive profiles of the dominant companies engaged in the industry. In addition, this report comprises a set of future forecasts of the possible development of the electric heat tracing market up to 2023.
Companies profiled in the report: Emerson Electric, Thermon, Pentair, Chromalox, Briskheat Corporation, Danfoss, Parker-Hannifin, eltherm, Warmup, Bartec.
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