Electric Heater market projected to reach USD 12,735 Million by 2028, at a CAGR of 4.5% annually

The Electric Heater market was valued at USD 9,779 Million in 2022 and is projected to reach USD 12,735 Million by 2028, at a CAGR of 4.5% during the forecast period. Factors driving the growth of electric heater market are increase in demand for clean energy, rising demand for smart residential, & high demand in emerging economies.

Climate is drastically changing and affecting every country on every continent. Weather patterns are changing, sea levels are rising, weather events are becoming more extreme and greenhouse gas emissions are now at their highest levels in history. By 2030, every continent aims for clean, zero-emission energy source. This will lead to greater demand for electric heating elements. The electricity cheaper than natural fuels, so electric heaters operates at lower costs. They also last longer than heaters powered by combustion. As a result, they cost less in repairs, maintenance, and replacements.

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By type, the electric heater market is sub-divided into immersion heaters, tubular heaters, circulation heaters, band heaters, strip heaters, coil heaters, flexible heater, cartridge, duct air, radiant, flanged, nozzle, drum, ceramic, cast-in, and infrared heaters. In 2022, immersion heaters captured the largest share of 23% in the global market. An Immersion heater is an electric heater that is used to heat the liquid substances such as water, oil, chemicals and sometimes stabilize the gas within their tank. These products are manufactured in such a way which can withstand with any environment. The major manufacturers of immersion heater are NIBE, Watlow and Chromalox.

By Application, Electric heaters are extensively used in various industries such as pharmaceutical, transportation, automotive and others. electric heaters are eliminating the need of pipes and flues and it offers low installation cost. In 2022, Chemical, Plastics, and Rubber captured the largest share followed by oil & gas sector.

By region, North American region captured the largest share in the global market. This region shows significant growth due to the increase in the development of new energy-saving technologies and green initiatives by the government. The USA primarily focused on the reduction of combustion of wood and fossil fuels, no carbon monoxide and indoor air quality. The presence of pharmaceutical, plastics, transportation and appliances contributes to the growth of the electric heater in this region.

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The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Key players analyzed in this market are NIBE, OMEGA, Watlow, Tutco, Chromalox, Tempco Electric Heater Corporation, CCI Thermal Technologies, Minco, Industrial Heater Corporation, Friedr. Freek GmbH, Delta MFG, Thermal Corporation, Akinsun Heat Co., Inc., Hotset GmbH, Wattco, Ulanet, BUCAN an others.

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global electric heater market in every aspect of the classification from perspectives of Product Type, Industry Vertical, and Region.

Table of Content
1. Introduction
1.1. Electric Heater Product
2. Electric Heater Production By Regions
2.1 Global Electric Heater Production by Regions
2.1.1 Global Electric Heater Production Market Share, by Regions
2.1.2 Global Electric Heater Revenue Market Share by Regions
2.2 United States (US)
2.2.1 United States Electric Heater Production
2.2.2 United States Electric Heater Revenue
2.3 Europe
2.3.1 Europe Electric Heater Production
2.3.2 Europe Electric Heater Revenue
2.4 China
2.4.1 China Electric Heater Production
2.4.2 China Electric Heater Revenue
2.5 Japan
2.5.1 Japan Electric Heater Production
2.5.2 Japan Electric Heater Revenue
2.6 South Korea (Market included in Other Region Market Share)
2.6.1 South Korea Electric Heater Production
2.6.2 South Korea Electric Heater Revenue
2.7 Other Regions
2.7.1 Other Regions Electric Heater Production
2.7.2 Taiwan Electric Heater Production
2.7.3 India Electric Heater Production
2.7.4 South East Asia Electric Heater Production
3. Electric Heater Consumption by Regions
3.1 Global Electric Heater Consumption by Regions
3.1.1 Global Electric Heater Consumption by Regions
3.1.2 Global Electric Heater Consumption Market Share by Regions
3.2 North America
3.2.1 North America Electric Heater Consumption by Application
3.2.2 North America Electric Heater Consumption by Countries
3.2.3 United States
3.2.4 Canada
3.2.5 Mexico
3.3 Europe
3.3.1 Europe Electric Heater Consumption by Application
3.3.2 Europe Electric Heater Consumption by Countries
3.3.3 Germany
3.3.4 France
3.3.5 UK
3.3.6 Italy
3.3.7 Russia
3.4 APAC
3.4.1 APAC Electric Heater Consumption by Application
3.4.2 APAC Electric Heater Consumption by Countries
3.4.3 China
3.4.4 Japan
3.4.5 South Korea
3.4.6 India
3.4.7 Australia
3.4.8 Taiwan
3.4.9 Indonesia
3.4.10 Thailand
3.4.11 Malaysia
3.4.12 Philippines
3.4.13 Vietnam
3.5 Central & South America
3.5.1 Central & South America Market Consumption Forecast
3.5.2 Central & South America Electric Heater Consumption by Application
3.5.3 Central & South America Electric Heater Consumption by Countries
3.5.4 Brazil
3.6 Middle East and Africa
3.6.1 Middle East & Africa Electric Heater Consumption by Application
3.6.2 Middle East and Africa Electric Heater Consumption by Countries
3.6.3 GCC Countries
3.6.4 Egypt
3.6.5 South Africa
4. MARKET SIZE, APPLICATION
4.1 Overview
4.1.1 Global Electric Heater Breakdown Data by Application
4.1.2 Global Electric Heater Consumption by Application
4.1.3 Global Electric Heater Consumption Market Share by Application (2013-2018)
5. Key Industry Players
6. Production Forecasts
6.1 Electric Heater Production and Revenue Forecast
6.1.1 Global Electric Heater Production Forecast 2023-2030
6.1.2 Global Electric Heater Production Revenue Forecast 2023-2030
6.2 Electric Heater Production and Revenue Forecast by Regions
6.2.1 Global Electric Heater Production Revenue Forecast 2023-2030
6.2.2 Global Electric Heater Production Forecast by Regions
6.3 Electric Heater Key Producers Forecast
6.3.1 United States
6.3.2 Europe
6.3.3 China
6.3.4 Japan
6.4 Electric Heater Forecast by Type
6.4.1 Global Electric Heater Production Forecast by Type to be continued @ https://www.supplydemandmarketresearch.com/home/toc_publisher/1456931?code=SDMRMA1456931

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