Electric Heat Tracing Market worth $2.5 billion by 2025 - Exclusive Report by MarketsandMarkets™
The increasing adoption of electric heat tracing systems over conventional steam tracing systems is expected to fuel the demand for electric heat tracing systems.
- The increasing adoption of electric heat tracing systems over conventional steam tracing systems is expected to fuel the demand for electric heat tracing systems.
- The growing demand for electric heat tracing systems from various end-user industries is expected to play a vital role in the growth of the Electric Heat Tracing Market.
- The Electric Heat Tracing Market includes major Tier I and II players like nVent, Thermon, Spirax-Sarco Engineering, NIBE Industrier, and BARTEC.
- The Electric Heat Tracing Market for the oil & gas vertical is expected to hold the largest market share during the forecast period.