Original title: China's electric heating tracing industry development trend in 2022, and is still mainly based on the market demand for oil, natural gas, chemicals and other industries. "Picture"
1. Overview of the electric heating tracing industry development
1. Concept
Electric heating tracing products are laid or wrapped around pipes, tanks or attachments with antifreeze or insulation needs, and meet the heat loss compensation or environmental insulation needs of pipelines and tanks through their own heat generation. Electric heating tracing is an effective pipeline insulation and antifreeze solution, and has been widely used.
2, advantages
electric heat tracing technology makes up for the shortcomings of traditional heat tracing. By laying or wrapping the electric heat tracing belt on a heated object such as pipes and tanks, the electric heating energy is supplemented to the heated medium in the process flow, thereby achieving the purpose of heat tracing . Compared with traditional steam heat tracing, electric heat tracing has the following advantages:
Advantages of electric heat tracing
Source: compiled by Huajing Industry Research Institute
2. Brief analysis of the industrial chain of the electric heat tracing industry
The upstream of the electric heat tracing industry chain includes metal wires, chemical raw materials and color masterbatches, and thermostats , etc.; downstream applications include oil and natural gas, chemical industry, energy and electricity, civil and commercial use, and their development status directly affects the changes in demand for this industry.
Electric heating tracing industry chain structure diagram
Source: compiled by Huajing Industry Research Institute
At present, the domestic electric heating tracing industry is still mainly based on demand for oil and gas, civil and commercial use, chemical industry, etc., and the market share of in 2021 is 36.69%, 27.64%, and 17.32%.
2021 China's electric heating tracing market share in 2021
Source: Markets and Markets, compiled by Huajing Industry Research Institute
3. Current development status of the global electric heating tracing industry
1. Market size
In the 1970s, electric heating tracing technology had just emerged. Due to the immature technical solutions, engineering investment is greater than traditional heating tracing solutions, which are not easy to be accepted by the market. In the early promotion, it is difficult to move forward. As time goes by, the technological products have been updated and replaced. Electric heating tracing has become a relatively mature heating tracing solution at this stage. In the process of continuous transformation of various factories, electric heating tracing solutions have become the first solution. Data shows that the global electric heating tracing market size in 2021 was about US$2.6 billion, with growing by 32.72% year-on-year, and is expected to continue to grow in the next few years. It is expected to reach US$3.856 billion in 2025, and the CAGR is 10.35% from 2021 to 2025.
2018-2025 global electric heating tracing market size and growth trend
Source: Markets and Markets, compiled by Huajing Industry Research Institute
2, subdivided products
From the specific types of electric heating tracing, according to the different heating tracing principles, electric heating tracing can be divided into four types: automatic temperature control, constant power, MI and skin effect . Among them, the market size of the automatic temperature control products is the largest, accounting for more than half of the market size, reaching 54.81%; followed by constant power, accounting for 23.19%.
2021 The market size of the global electric heating tracing market by product type
Source: Markets and Markets, compiled by Huajing Industry Research Institute
3, regional structure
From the perspective of regional structure, North America, Europe and other regions have developed industry and commerce, high urbanization level, and major countries have a large number of low temperature days, becoming the main global electric heating tracing market. In 2021, the market size of North America accounts for 46% of the overall global electric heating tracing scale, and Europe accounts for about 35%.
2021 global electric heating tracing market size regional distribution
Source: Markets and Markets, compiled by Huajing Industry Research Institute
4. Current development status of China's electric heating tracing industry
Electric heating tracing project is a relatively important project in our daily life. Both the fire prevention and heating level and the electric heating dissipation module play an indispensable role.According to statistics, the domestic electric heating tracing market size in 2019 was US$157 million, and the domestic electric heating tracing market size in 2021 was US$179 million.
Changes in the scale of China's electric heating tracing market from 2019 to 2021
Source: compiled by Huajing Industry Research Institute
5. Key enterprises in the electric heating tracing industry
Jiahong New Materials has always focused on the research, development, production and sales of electric heating products. The main products include electric heating tracing products (automatic temperature heating tracing, constant power tracing), thermostats, accessories and electrical heating system engineering. The company's electric heating tracing products are suitable for medium insulation, antifreeze, viscosity control, snow melting and deicing, floor heating and other scenarios in pipes or tanks, so they are widely used in industrial, commercial and residential customers.
Jiahong New Materials provides an overall system solution for electric heating tracing based on customer needs, and has begun to undertake the entire process of overall design of large-scale industrial customers' electric heating tracing system projects, procurement and installation, operation and maintenance of equipment and materials, and has obtained high recognition from customers. From January to June 2022, the company achieved operating income of 106 million yuan, and electric heating products were the largest source of income, achieving revenue of 94.2687 million yuan, accounting for 74.76%.
Jianhong New Materials' main business revenue from January to June 2022
Source: Company announcement, compiled by Huajing Industry Research Institute
6. Development trend of the electric heating tracing industry
1. With the improvement of factory intelligence level, ordinary electric heating tracing can no longer meet the requirements. Therefore, in addition to heating and maintaining temperature and heating the medium in the pipeline through electrical heat tracing, it is necessary to grasp the entire process of the pipeline as soon as possible. This requires adding an electric heat tracing monitoring system. When a certain part of the heat tracing belt has problems, it can be inspected and replaced and maintained as soon as possible, which can prevent the frozen condensation of the materials and ensure the normal transportation of the materials. On the contrary, if the location of the pipeline heat tracing failure cannot be quickly and accurately determined, it will cause huge losses to the company.
2. Faced with more and more cross-border pipeline problems, new challenges have been raised to electric heating technology, and pipeline integrity analysis reports have emerged. For example, the transnational pipelines that require heat tracing, and the standards, environmental problems, operating habits, design style and other factors of each country will affect the effect of heat tracing. Therefore, it is the top priority to unify the heat tracing forms of each country and reach a consensus on overall energy-saving effects and design concepts. Taking the Central Asia natural gas pipeline as an example, through the innovation of energy conservation monitoring and management models, the difference between energy conservation is US$4 million. If integrity management is further implemented, the economic benefits will be more considerable.
3) "Modeling + Big Data" management model. For pipelines that require heat tracing, establish a pipeline heat tracing model, input the temperature, pressure, flow and other data of the pipeline into the model, and set an early warning value. When the set early warning value exceeds the set, an alarm is made, and the big data for each maintenance of the factory is entered into the model system. Through model system analysis, the fault location and cause are determined from multiple angles, and the fault is quickly checked and solved.
Original title: China's electric heating tracing industry development trend in 2022, and is still mainly based on the demand for oil, natural gas, chemical and other industries. "Picture"
Huajing Industry Research Institute conducted an in-depth analysis of the current development status of China's electric heating tracing industry, upstream and downstream industrial chains, competitive landscapes and key enterprises, to minimize corporate investment risks and operating costs and improve corporate competitiveness; and use a variety of data analysis technologies to predict the industry development trends so that enterprises can seize the market opportunities in a timely manner; for more detailed content, please pay attention to the "2022-2027 China Electric Heating System Industry Market Operation Current Situation and Future Development Forecast Report" published by Huajing Industry Research Institute.
