Global Bolt Heaters Market Size study & Forecast, by Type (Gas Bolt Heaters, Electric Bolt Heaters, Flexible Bolt Heaters), by End use (Oil and Gas, Marine, Power Generation, Food and Plastic Packaging, Others) and Regional Analysis, 2023-2030

Global Bolt Heaters Market Size study & Forecast, by Type (Gas Bolt Heaters, Electric Bolt Heaters, Flexible Bolt Heaters), by End use (Oil and Gas, Marine, Power Generation, Food and Plastic Packaging, Others) and Regional Analysis, 2023-2030

Global Bolt Heaters Market is valued approximately at USD 186.9 million in 2022 and is anticipated to grow with a growth rate of more than 4.2% over the forecast period 2023-2030. By inserting the shaft of the heater into the hollow bolt and energizing it to expand, bolt heaters enable the tightening of large bolts that secure heavy machinery and equipment, thereby facilitating additional tightening of the nut. The Bolt heaters market is driven by factors such as the rising in demand from oil and gas industry.

Bolt heaters are used in oil and gas industry for various application such as installing and maintenance of cold weather applications and bolt loosening. According to Statista in year 2020 the global oil production across the world stood at 4170.9 million metric tons which increased to 4221.4 million metric tons in year 2021. Along with these, International Energy Agency reports that global oil demand in 2020 was nearly 9 mb/d and it is projected to reach 104.1 mb/d by 2026 . Thus, rising oil production and consumption is fueling the market growth. In addition, the development of renewable energy such as wind turbines and growing investment in various cutting-edge technologies is creating lucrative opportunity for the market growth. However, the high initial cost and Environmental Regulations is major challenge for the market growth.

The key regions considered for the Global Bolt Heaters Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 holding the largest market share due to rising production of crude oil and mining activities and rising number of government initiatives for mining projects. Asia Pacific is the fastest growing market, owing to the large population base and growth in residential and commercial building projects.

Major market player included in this report are:
Big Chief Inc.
Bucan Electric Heating Devices Inc.,
Heatrex
Vulcanic TEE
Elektrotermija
Durex Industries
National Plastic Heater
Sensor and Control Inc.
Protherm Industries
Indeeco thermal heating solutions

Recent Developments in the Market:
In Aug 2021, Indian Oil Corporation Limited announced its plan to invest USD 15 billion to increase its refining capacity 3 times by 2025.
In Jan 2021, the state-run oil refiner Indian Oil’s board of directors approved setting up a new refinery in Nagapattinam in Tamil Nadu.

Global Bolt Heaters Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Type, End use, region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Gas Bolt Heaters
Electric Bolt Heaters
Flexible Bolt Heaters

By End use:
Oil and Gas
Marine
Power Generation
Food and Plastic Packaging
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Big Chief Inc.
Bucan Electric Heating Devices Inc.,
Heatrex
Vulcanic TEE
Elektrotermija
Durex Industries
National Plastic Heater
Sensor and Control Inc.
Protherm Industries
Indeeco thermal heating solutions


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