Electric Heating Cable Market Report:the global market size is projected to reach USD 4.01 billion by 2030

An electric heating cable is a wire cable that produces heat, also referred to as heat trace cable amongst the industry. It is used for a wide range of applications including heat loss replacement, pipe tracing, freeze protection, viscosity control, temperature process maintenance, roof and gutter, and much more.

According to the new market research report "Electric Heating Cable- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Electric Heating Cable market size is projected to reach USD 4.01 billion by 2030, at a CAGR of 5.9% during the forecast period.

According to QYResearch Top Players Research Center, the global key manufacturers of Electric Heating Cable include nVent, Thermon, SST, Emerson, Bartec, Chromalox, Thermopads, Danfoss, Wuhu Jiahong, Eltherm, etc. In 2023, the global top 10 players had a share approximately 58.0% in terms of revenue.

arket Drivers:
The positive growth prospects of the heating cable market are mainly attributed to the heating cable manufacturers introducing more resilient products and innovative services. Under the coal-to-electricity policy, the Chinese market has demand for electric heating products. Electric heating cable play a key role in the green transition towards lower CO2 emissions and more electrification.

Restraint:
The markets for products and services are geographically diverse and highly competitive. Affected by the epidemic, raw material prices are unstable, freight rates are rising, and parts are in short supply. The electric heating cable industry is a capital-intensive manufacturing industry, which requires a large amount of investment in fixed assets such as extrusion equipment, material making equipment, assembly lines, testing equipment, and R&D equipment in the early stage; at the same time, product design, development and manufacturing, sample trial production. The procurement of raw materials also requires a large amount of financial support. Electric heating cable is mainly used to keep warm, heat the floors, facilities, etc. in industrial, commercial and residential areas. Substitutes of these fields can be found anywhere in our life. Such as, air conditionings, wall-mounted gas boilers, solar heating, central heating (steam), and so on. But as a modern, efficient heating method, it is excellent, widely accepted in the market at present. It may be replaced by solar heating, biomass heating or other new energy heating methods, but it would be a long way to be entirely brought about.

Trend:
Regional Characteristics：Developed regions such as Europe and the United States are the main markets for electric heating cable. Based on specific uses such as heat preservation and antifreeze, electric heating cables are more in demand in countries or regions in the temperate, sub-frigid and frigid regions of the northern hemisphere, so they have certain regional characteristics.
Seasonality：The electric heating cable industry is obviously affected by seasonality, and industry shipments are mainly concentrated in the second half of the year, and the longer the low temperature weather lasts, the greater the demand for electric heating cables.

If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
E-mail: global@qyresearch.com
Tel: 001-626-842-1666(US) 0086-133 1872 9947(CN)
EN: https://www.qyresearch.com
JP: https://www.qyresearch.co.jp

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let's work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

This release was published on openPR.