Electric heating cable average price is in the decline trend, from 13.8 $/MT in 2011 to 11.6 $/MT

Electric heating cable is mainly classified into four types: self-regulating, constant wattage, mineral insulated and skin-effect heating cable. And self-regulating heating cable is the most widely used type which takes up about 60% of the global total in 2015. 

According to GIR,the global electric heating cable average price is in the decline trend, from 13.8 $/MT in 2011 to 11.6 $/MT in 2016. The price will be in decline trend if more capacity goes into operation and price of the raw material get reduction in the future. The electric heating cable sales will reach about 205 million meters in 2016 from 161 million meters in 2011 all around the world, with the CAGR of 4.9%.
 
China is the largest consumption country of Electric heating cable in the world in the past few years and it will keep the same position in the next few years. Chinese market took up about 32% the global market in 2015, followed by Europe (19%), and North America is followed with the share about 18%.
 
China, N. America, Germany, Russia are now the key producers of electric heating cables. There are many producers with low price, poor quality products and vicious competition in China. It is so disordered. The high quality products are mainly supplied by overseas producers. Other key factories of electric heating cable are from Korea, France, U.K., Canada, etc.
 
Raychem, SST, Anhui Huanrui, Thermon, Bartec, Wuhu Jiahong, Emerson, Anbang, Eltherm, Heat Trace Products, Anhui Huayang and Chromalox are the key producers in the global electric heating cable market. Top ten took up about 56% of the global market in 2015. Raychem, SST, Thermon, which have leading technology and market position, are wellknown suppliers around the world, and Anhui Huanrui, Wuhu Jiahong, Anbang, Anhui Huayang are the leading supplier in China with the total local share of about 41%. Raychem, which is the global leading brand of electric heating cable and once was part of Tyco Thermal Controls, is a new brand of Pentair since 2012.
 
SST is the largest supplier of electric heating cable in Russia, it took about half of the Russian market while the Russian market is about 7% of the global total market. Other key suppliers are Raychem, Anhui Huanrui, Thermon, Bartec, Wuhu Jiahong, Emerson, Eltherm, etc. in Russia.