Press release
Global Heating tape Market Exhibits Higher Growth Prospects during 2018-2028 // Flexotherm Brand Heated Products, OEM heaters, Tesa Tap, Clay bore lab, heater sensor, and Therm X
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Heating tape - Market Dynamics
The heating tape has vast applications in the industrial sector, commercial and residential sector and transportation sector that were driving the market. The heating tape is mainly used as freeze protection in oil and gas industry, power generation, water and waste treatment plants and pharmaceuticals industry. The growth in the industrial sector drives the demand for the heating tape in the market. The heating tape is wrapped on pipes to protect it from freezing. It is also used for underfloor heating, roof and gutter heating. This is likely to enhance the demand for heating tapes and aid in the expansion of the Heating tape Market Growth. The heating tape market is going to increase, as it has a wide application in the snowy regions. It is also used for preventing condensation.
But the market for heating tape is hampered by heating traces, as it has a thermostat and temperature indicator for preventing overheating. So, it will decrease the market demand for heating tape.
In terms of regional demand, the Heating tape market can be segmented into seven regions: North America, Latin America, Europe, CIS & Russia, Japan, APEJ (Asia Pacific except Japan) and the Middle East and Africa.
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The North America shows higher growth in terms of demand and sales, the demand in cold regions will be more as compared to the other regions. The Europe and Japan markets show moderate growth in the market. The demand in Asia Pacific countries including India and South Korea will increase in the coming years. The other regions show a stagnant rate of growth for heating tape market.
Heating tape - Market- Key Manufacturer
The market player for heating tapes are HTS AMTEK CO, Wattco, CS hydo company, The Cary Company, C-T products company, hi tech furnance system, Anderson bolts, pretherm industries, Omega Engineering, Flexotherm Brand Heated Products, OEM heaters, Tesa Tap, Clay bore lab, heater sensor, and Therm X.
Heating tape – Market Competitive Analysis
The heating market is fragmented because of its numerous applications in various sectors. The competition in market players is also high. The heating tape is available at specialty stores, which creates a competition among the market. Therefore, to remain in sync with the demand, the manufacturers should avail the products. And the other factor that may create competition is the technological advancement so the manufacture should come up with the innovative products at a cost efficient price.
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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