Freeze Protection Cables Market Pegged for Robust Expansion during 2021 - 2031

As per research study estimates, it is forecasted that the market will show a CAGR of 6 to 7% in the forecast period 2021-2031. Historically i.e. from 2016 to 2020, the market saw a steady growth, with 2020 creating a plunge in sales, yet the market is projected to get back on track with flying colours.

FOR ENTIRE LIST OF MARKET PLAYERS, REQUEST FOR SAMPLE HERE - https://www.persistencemarketresearch.com/samples/32791

What is Driving Demand?

Demand from the home improvement and DIY sector are expanding at a rapid pace, especially after declaration of pandemic for the Covid-19 virus throughout the world. Moreover, due to increase in digitization across the globe, and other critical factors the demand for Freeze Protection Cables has arisen particularly from northern hemisphere nations i.e. Canada, Russia, Iceland and places facing extreme low temperatures.

For the above mentioned nations, freezing of water supply lines, waste water pipes, cooling water pipes, supply water pipes and sprinkler systems, in commercial spaces, industries as well as in residential spaces has been a common phenomenon.

To counter this effect and enable at threshold temperatures, the freeze protection cables have been designed for "on pipe" as well as "in pipe" applications in domestic and commercial requirement to protect water from freezing, adaptable to all areas where natural frost protection cannot be achieved.

These also deliver relentless frost protection for refrigeration, condensation and air conditioning lines in the domestic HVAC as well as on the industrial scale, for example in the food and beverage, pharmaceutical, etc.

Freeze protection cables also know by names like de-icing cable, heating cable, and electric heat tracing, uses the process of enhancing the levels of temperature in pipes, floors, vessels and other infrastructural surfaces with the help of heat tracing cables.

This is highly significant in areas where the temperatures can drop significantly and can result in freezing of pipes, vessels and other components in an industry. The market is being driven by rising demand for energy-efficient electric heat tracing systems and reduced maintenance costs associated with them.

FOR ENTIRE LIST OF MARKET PLAYERS, REQUEST FOR TOC HERE - https://www.persistencemarketresearch.com/toc/32791

Who are the Key Manufacturers and Suppliers of Freeze Protection Cables?
Some of the leading manufacturers and suppliers of Freeze Protection Cables are

3M
Bartec
Briskheat Corporation
nVent
Chromalox Inc.
Danfoss
Drexan Energy Systems
eltherm GmbH
Emerson Electric Co
Heat Trace Products LLC
Parker-Hannifin
Pentair plc
QMax Industries Inc.
Spirax-Sarco Engineering plc
Technitrace
Thermon Inc. and Warmup Plc.
Raychem etc.

Freeze Protection Cables Market Dynamics
Heating cables fall under the segment of heating solution, and serve multitude purposes, ranging from commercial uses to residential applications, where demand is primarily concentrated towards commercial applications for temperature maintenance. As a conductor material, aluminum heating cables are mostly preferred across regions.

Market for heating cables is likely to develop at slower pace in the short run, but with faster pace in the long run, as prominent players in the market are extensively investing and deploying their resources into the research & development of end-use products, which will act as a driving force for the market.

North America Market Outlook

Because the United States and Canada are among the world's coldest countries, North America will see strong growth during the projection period. In these countries, electric heat tracing is becoming more popular for applications such as freeze prevention, roof and gutter de-icing, and floor heating.

With the inclusion of such freeze protection solutions coupled with modern construction techniques resulted in attraction from residential sector and commercial sector of end use. North America has one of the largest construction industry in the world with over 1,600 US$ Bn total expenditures in 2019, shows the prospects of future growth in the electric heat tracing market as well.

East Europe Market Outlook
Countries in East Europe are responsible for the world's second highest construction industry expenditure of about 2,500 US$ Bn as of 2019.This very fact explains the market for freeze protection cables in the region. Countries like Germany, Sweden, Netherlands, Norway, are among the highest demand creator.

The region is also responsible for numerous industries in the food and beverage, chemical, pharmaceutical and heavy industries accounting for consistent demand. Average temperatures in these countries is 15 deg. Celsius reaching upto a freezing -15.8 deg. Celsius in winters, makes it quite a mandatory item in every residence and industry.

GAIN COMPLETE ACCESS TO THE REPORT PRE-BOOK HERE - https://www.persistencemarketresearch.com/checkout/32791

Contact Us:

Persistence Market Research
305 Broadway, 7th Floor,
New York City, NY 10007
United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Web- https://www.persistencemarketresearch.com

About Us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.