Pentair Thermal Management

What Pentair Thermal Management does

Pentair Thermal Management is the heat tracing solutions division of Pentair plc (NYSE: PNR), a publicly traded company incorporated in England and Wales with operational headquarters in Leuven, Belgium. The division provides industrial heat tracing systems under the Raychem brand, addressing freeze protection, temperature maintenance, and process temperature control for pipes, tanks, and equipment. Its portfolio spans three end-markets: industrial (factories, plants, oilfields, hazardous and non-hazardous installations, gas, water, and power generation); commercial (office buildings, hospitals, nursing homes, apartment complexes, jails, and wastewater treatment facilities); and residential (apartment blocks, villas, condominiums, and single family homes).

The core technology is proprietary Raychem heat tracing — self-regulating and constant-wattage cable systems controlled by electronic thermostats (including the ETS-05 launched in July 2017) and supported by the TraceCalc Pro v2.10 engineering design software. The software channel functions as both a specification tool and a downstream demand driver, embedding the company's products into engineering workflows.

The business model is primarily hardware sales of cables, controls, and accessories, augmented by professional services delivered through a global network of local sales representatives and certified installers. Pricing is quote-based and not publicly disclosed. Distribution combines direct enterprise field sales with a channel/installer network, and software is distributed via self-service download. In October 2017, Pentair announced plans to separate its electrical business, including Thermal Management, into a new public company called nVent Electric plc, indicating a structural change in ownership and capital allocation that is material to the division's strategic trajectory.

Name

Pentair Thermal Management

Legal name

Pentair plc

Website

https://pentairthermal.com

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Pentair Thermal Management is the heat tracing solutions division of Pentair plc, providing Raychem-branded industrial, commercial, and residential systems for freeze protection, temperature maintenance, and process temperature control via a global sales and certified installer network.

Ownership category

akta.pro rank

Product category

Industrial Heat Tracing / Heat Management Systems

NAICS

Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Electrical Heat Tracing & Insulation (EHT, Thermal/Acoustic Insulation) (EUAEAFAI)

Keywords

• Industrial heat tracing
• Freeze protection systems
• Temperature maintenance solutions
• Electric heat tracing cables
• Heat management systems

Headquarters

HQ city

Leuven

HQ country

Belgium

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Heat Tracing Equipment Sales: Sale of industrial heat tracing products including cables, controls, and accessories for freeze protection and temperature maintenance applications.
2. Installation and Specification Services: Support through network of local sales representatives and certified installers who provide specification and installation services for heat tracing systems.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Pentair Thermal Management designs, manufactures, and supplies Raychem-branded heat tracing cables, electronic thermostats (e.g., ETS-05), controls, and accessories that provide freeze protection and process temperature maintenance for pipes, tanks, roofs, and equipment in industrial, commercial, and residential environments. The division also distributes the TraceCalc Pro engineering software to support system design and specification, and delivers its products through a global network of local sales representatives and certified installers.

Product overview

Pentair Thermal Management offers industrial heat tracing solutions across three main segments: Industrial (factories, plants, manufacturing, oilfields, power generation), Commercial (office buildings, hospitals, nursing homes, wastewater treatment), and Residential (apartments, villas, condominiums, homes). The portfolio includes Raychem-branded products such as the ETS-05 electronic thermostat for temperature control and the TraceCalc Pro design software. These products work together to provide comprehensive heat tracing systems that protect properties from freezing temperatures and maintain operational performance in industrial, commercial, and residential applications.

Differentiator

Problem solved

Functional benefit

Brands

• Raychem: Heat tracing brand offering products including electronic thermostats (ETS-05), software (TraceCalc Pro), and winter preparedness solutions for industrial, commercial, and residential heat tracing applications.
• nVent

Products and services

• Raychem Industrial Heat Tracing Systems Raychem-branded heat tracing cables, controls, and accessories engineered for freeze protection and process temperature maintenance of pipes, tanks, vessels, and equipment in industrial plants and process facilities, including hazardous-area applications.
• Raychem Commercial Heat Tracing Solutions Heat tracing systems designed for commercial buildings to provide pipe freeze protection, roof and gutter de-icing, and temperature maintenance for water lines, sprinkler systems, and HVAC equipment.
• Raychem Residential Heat Tracing Solutions Heat tracing solutions for residential plumbing freeze protection and supplementary heating in apartments, condominiums, villas, and single-family homes.
• Raychem ETS-05 Electronic Thermostat Electronic thermostat that delivers accurate temperature control and continuous monitoring for Raychem heat-tracing installations in industrial, commercial, and residential applications.
• Raychem TraceCalc Pro v2.10 Design Software Downloadable engineering design software that enables engineers and specifiers to design, calculate, and specify Raychem heat tracing systems using the latest product data.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• nVent Electric: The publicly traded successor entity into which Pentair Thermal Management was folded via the 2018 spin-off. nVent's Thermal Management business is the direct continuation of Raychem heat tracing, making it the closest corporate parent and most directly comparable operating business.
• Danfoss: Danfoss' heating segment produces electric heating cables (DEVIflex/Danfoss ECheat) for floor and pipe heating in residential and commercial markets. Comparable on residential/commercial heat tracing product line, though Danfoss spans broader HVAC, drives, and refrigeration.
• Emerson Electric: Large industrial automation and controls conglomerate. Overlaps with Pentair Thermal Management through process heating controls, industrial thermostats, and hazardous-area instrumentation supplied to similar oil & gas and chemical customers.
• Watts Water Technologies: Manufacturer of plumbing, heating, and water quality products. Comparable on the residential and commercial freeze-protection and hot-water system adjacency, though Watts' core offering is broader (valves, fittings, water heaters) rather than heat tracing cables.
• Nexans: Global cable manufacturer whose heating solutions product line competes with Raychem heat tracing in infrastructure and industrial projects. Overlaps on cable technology and project-driven specification sales, though Nexans spans much broader cable categories.

Direct peers

• Thermon Group Holdings: Pure-play industrial heat tracing competitor offering heat tracing cables, controls, and engineering services for oil & gas, chemical, power, and rail. Highly comparable on product offering (cables, controls, design software) and end-market mix to Pentair Thermal Management.
• Chromalox: A long-standing direct competitor in electric heat tracing for industrial process temperature maintenance, freeze protection, and hazardous-area applications. Comparable on heating cable technology, controls (thermostats and panels), and industrial customer base.
• Heat Trace Products: UK-based specialist manufacturer of electric heat tracing cables, controls, and accessories for industrial and commercial applications. Comparable as a niche European competitor focused on the same product family and similar hazardous-area industrial customers.
• BriskHeat: Specialist in industrial heating solutions including heat tracing blankets, cable, and temperature controls. Comparable as a focused heat management competitor serving industrial process, freeze protection, and maintenance applications.

Regional players

• Uponor: European-headquartered provider of plumbing and heating solutions for residential and commercial buildings. Comparable on residential/commercial heating infrastructure and pipe protection, though Uponor's core business is PEX plumbing rather than electric heat tracing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/pentairthermal
• Facebookfacebook.com/pentairthermal
• LinkedInlinkedin.com/company/pentair-thermal-management

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pentair Thermal Management