Electric heating cable market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period (2023-2030). The growth of the electric heating cable is driven by several factors, including the increasing demand for energy-efficient heating solutions in both in industrial and residential applications. Additionally, there is a rising trend of adopting electric heating cables for snow melting applications in commercial spaces, which further contributes to the demand for electric heating cables. For example, the King Electric Company offers SC series snow melt cable, a custom in-concrete snow and ice melting cable that operates at 208 or 240 volts. This specialized cable is designed to be embedded in the concrete surfaces and is widely used in various applications such as sidewalks, driveways, stairs, and others. The SC series snow melt cable provides efficient snow melting capabilities, ensuring surfaces remain clear and safe during winter conditions.
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The market is segmented based on the type of electric heating cable and its application areas. The types of electric heating cables include self-regulating electric heating cable, constant wattage electric heating cable, mineral insulated electric heating cable, and skin-effect electric heating cable. Among these, the self-regulating electric heating cable segment is anticipated to register significant growth during the forecast period, driven by factors including its ability to self-regulate heat output and prevent overheating. In terms of applications, the electric heating cable market is categorized into industrial, residential, and commercial sectors.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electric heating cable market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who stands where’ in the market.
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