Press release
Immersion Heater Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
The global Immersion Heater market was valued at US$ 666.5 million in 2022 and is anticipated to reach US$ 898.1 million by 2029, witnessing a CAGR of 4.3% during the forecast period 2023-2029.
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Immersion Heater Market Share:
From the view of region, North America have a larger market share which account for 34% and will witness a slightly decrease of share in following years. Asia-Pacific hold a market share of 30% and will still play an important role which cannot be ignored. Any changes from Europe, which share a 28% market share , might affect the development trend of Immersion Heater.The key manufacturers are NIBE, Thermon, Zhenjiang Dongfang Electric Heating Technology, OMEGA Engineering (Spectris), Watlow, Chromalox, Hotset GmbH, Friedr. Freek GmbH, Zoppas Industries, Thermowatt, Tutco Heating Solutions Group, Tempco Electric Heating Element Corporation, Headway Electric Heat Components CO.,LTD, Warren Electric Corporation, Sanbra Fyffe Limited, WATTCO etc. Top 3 companies occupied about 8% market share.
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By Type
• Over-the-Side Immersion Heater
• Flanged Immersion Heater
• Screw Plug Immersion Heater
• Others
By Application
• Home Appliance
• Industrial Appliance
• Others
Key Players
NIBE, Thermon, Zhenjiang Dongfang Electric Heating Technology, OMEGA Engineering (Spectris), Watlow, Chromalox, Hotset GmbH, Friedr. Freek GmbH, Zoppas Industries, Thermowatt, Tutco Heating Solutions Group, Tempco Electric Heating Element Corporation, Headway Electric Heat Components CO.,LTD, Warren Electric Corporation, Sanbra Fyffe Limited, WATTCO
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