Press release
Industrial Heaters Market Anticipated to Grow at a Significant Pace by 2025
Industrial Heaters Market
Industrial heaters are thought of as viable solutions whenever it becomes necessary to raise the temperature of any industrial operation or an object. For instance, heat tracing may be required to keep a pipe from freezing in the winter or to warm lubricating oil before supplying it to a machine.
Technology development has produced innovative goods and prospects for producers of industrial heaters. Electrical energy is converted into heat energy via convection, conduction, and radiation in the operation of electric industrial heaters.
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In practice, radiation heat transfer dominates high temperature processes, whereas conductive/convection forms dominate low temperature processes. Of the total manufacturing sector's energy demand, industrial heaters account for approximately 70% of the process energy and use.
A wide range of process heating unit operations are associated with industrial equipment to facilitate important material transformations, such as curing, drying, phase change, heating, etc. These are fundamental operations in the manufacturing of industrial and consumer products made of concrete, glass, ceramics, rubber, plastic, and metal. Out of various process heating technologies, technology improvements in the hybrid system may lead to manufacturing efficiency improvements, such as enhanced speed/throughput, lower energy consumption, better product quality, etc.
Global Industrial Heaters Market: Dynamics
Drivers:
High efficiency and affordable price of the system are factors driving growth of the global industrial heaters market over the forecast period. Furthermore, increasing use of electro-technologies has significant potential to improve energy productivity and reduce energy consumption of process industries, which is expected to drive the industrial heaters market during the forecast period. Moreover, low maintenance and operational costs, and reduction in emissions are expected to drive the global industrial heaters market.
Restraints:
Lack of training among workers in specific regions is expected to hamper growth of the global industrial heaters market during the forecast period. Furthermore, limited use of duct heaters due to their inability to heat wet rooms and the requirement for safeguards to ensure fire safety are expected to hinder growth of the global industrial heaters market by the end of forecast period.
Global Industrial Heaters Market: Segmentation
The global industrial heaters market can be segmented on the basis of product type, technology, and end-use industries. On the basis of product type, the global industrial heaters market is segmented as immersion heaters, pipe heaters, circulation heaters, cartridge heaters, and duct heaters.
On the basis of technology, the global industrial heaters market is segmented as fuel based, electricity based, steam based, and hybrid based. On the basis of end-use industries, the global industrial heaters is segmented as oil & gas industry, food industry, chemical industry, and plastic industry.
Global Industrial Heaters Market: Market Participants
Examples of some of the market participants in the global industrial heaters market are:
Excel Heaters
Wattco
Elmatic (Cardiff) Ltd.
Powrmatic Ltd
Winterwarm
Watlow Electric Manufacturing Company
Dragon Power Electric Co. Ltd.
Auzhan Electric Appliances (Shanghai) Co. Ltd.
Vijay Heat Industries
Kantilal Chunilal & Sons Appliances Private Ltd.
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Global Industrial Heaters Market: Region-Wise Outlook
North America is estimated to dominate the global industrial heaters market owing to the developed industrial sector and adoption of advanced technology. Despite these factors, it is expected to register stagnant growth over the forecast period. Western Europe is expected to register a significant CAGR over the forecast period, owing to the end of the recession in the region.
Asia Pacific is expected to register relatively high growth among all regions over the forecast period in the global industrial heaters market. This can be attributed to growing industrialization in countries, such as India and China. The Middle East and Africa market is expected to account for a considerable share, owing to the large oil and gas industry; the market is expected to grow with a positive outlook over the forecast period. The industrial heaters market in Latin America is expected to remain stagnant over the forecast period and is estimated to account for a small market share during the time frame.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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