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 combination of energy efficiency and the ability to melt snow and ice in commercial spaces makes electric heating cables a sought-after solution for various industries and residential applications. As a result, the market for electric heating cables is experiencing significant growth due to these diverse and practical applications.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Electric Heating Cable Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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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