Electric Heat Tracing Market worth $2.5 billion by 2025
(WorldNews Denmark)

According to the market research report `Electric Heat Tracing Market with COVID-19 Impact, by Type (Self Regulating, Constant Wattage), Application (Freeze Protection & Process Temperature Maintenance), Vertical (Oil & Gas, Chemicals, Residential, Commercial), and Region - Global Forecast to 2025`, The global electric heat tracing market size is expected to grow from USD 1.7 billion in 2020 to USD 2.5 billion by 2025, at a CAGR of 8.2%. The increasing adoption of electric heat tracing systems over conventional steam tracing systems is expected to fuel the demand for electric heat tracing systems. The growing demand for electric heat tracing systems from various end-user industries is...