According to our latest market study on “Self-Regulating Heating Cable Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Application (Freeze Protection & Process Temperature Maintenance, Floor Heating, Roof & Gutter De-Icing, and Others) and Vertical (Oil & Gas, Chemicals, Energy & Power, Commercial, Residential, and Others),” the market was valued at US$ 917.42 million in 2019 and is projected to reach US$ 1,615.58 million by 2027; it is expected to grow at a CAGR of 7.5% from 2020 to 2027. The report highlights key factors driving the market growth, and prominent players with their developments in the market.
Globally, the self-regulating heating cable market is heavily fragmented with significantly strong presence of several local as well as regional market players across Asia, especially China and India. However, the global market comprises a few prominent market players, such as Heat Trace Limited, Nexans Norway AS, Nvent Electric PLC, Spirax-Sarco Engineering, SST GmbH, Thermon Industries, Inc., Chromalox (Spirax-Sarco Engineering plc), nVent Electric plc, and NIBE Group. These players continue to dominate the global market with strong competitive positioning, notable customer base, brand recognition and geographical reach, to name a few factors. Several market players have a dominating position and market share in their respective countries or regions.
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The self-regulating heating cable has profound scope of commercial, residential and industrial application the demand from end-user industries as well as industry vertical continue which to power the growth of the global market. Furthermore, the growing end-user industries worldwide, especially across the APAC and MEA regions, are projected to witness more lucrative market growth rate and subsequently provide numerous profitable business opportunities for the market players during the coming years.
Major Key Players Covered In This Report: BARTEC Top Holding GmbH,Danfoss A/S,eltherm GmbH,Emerson Electric Co.,Heat Trace Limited,Nexans Norway AS,nVent Electric plc,Spirax-Sarco Engineering plc,SST GmbH,Thermon Industries, Inc.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Self-Regulating Heating Cable market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Self-Regulating Heating Cable market segments and regions.
The global self-regulating heating cable market has been segmented as follows:
Self-Regulating Heating Cable Market – by ApplicationFreeze Protection & Process Temperature Maintenance Floor Heating Roof & Gutter De-Icing Others
Self-Regulating Heating Cable Market – by VerticalOil & Gas Chemicals Energy & Power Commercial Residential Others
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