Report Code: A15985 | Pages: NA | Jul 2023 | 1302 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Self-regulating Heating Cables Market
Request Now !Self-regulating heating cables are popularly known as heat trace cable or heating tape. Owing to a positive temperature coefficient heating matrix, these cables are intrinsically temperature safe. Hence, temperature control system is usually not required to deliver temperature safety. The previously available self-regulating heating cables can withstand low or moderate temperatures. However, at present, medium or high temperature-based cables are also available in the market, which can withstand temperature up to 300°C. Thus, these cables are widely used in various industrial applications where they can endure high temperatures. Increase in adoption of electric heat tracing systems over conventional steam tracing systems is one of the primary factors driving market growth. Moreover, the rise in demand for energy efficient heat tracing systems is expected drive the demand for these products in the near future.
However, heating cables should not touch, crossover, and overlap themselves after the installation as overlapping of cables results in overheating and burnout and can damage the heat tracing system beyond repair. This factor is a major hindrance for the market growth.
COVID-19 Impact AnalysisÂ
Top Impacting Factors
The oil & gas industry has been experiencing tremendous growth globally. Also, various construction and electrical projects are in line, especially in the Southeast Asian countries. Thus, the need for better-conducting channels in various industries offers future growth opportunities for market players operating in the global self-regulating heating cables market. The growth prospects of the self-regulating heating cable market are primarily attributed to introduction of advanced products by the self-regulating heating cable manufacturers. Self-regulating heat tracing cables have the ability to adjust their output to the nearby temperature. This flexibility offers more heat where required and mitigates energy consumption as the ambient temperature surges; thereby, eliminating heating costs. The cable is used for various construction industry applications, such as metallic or non-metallic piping tanks and equipment, sewage pipes, intake and drain lines, and water pipes, in unheated areas. Thus, rising usage of these cables in the construction sector is expected to fuel the growth of the global self-regulating heating cables market in the coming years.
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