Freeze Protection Cables Market Segmented By Types such as Constant Wattage, Mineral Insulated, Parallel Constant, Watt Heating Cable, Power-Limiting Heating Cable, Self-Regulating Series Constant, Watt Heating Cables, Skin Effect having Floor Heating, Freeze Protection, Process Temperature Maintenance, Roof & Gutter De-Icing, Viscosity Control Application
Industry: Industrial Automation
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32791
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.
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.
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.
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.
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.
Some of the leading manufacturers and suppliers of Freeze Protection Cables are
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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