Global Electric Heater Market Research Report 2024(Status and Outlook)

Global Electric Heater Market Research Report 2024(Status and Outlook)

Report Overview

Heating elements, also known as Electric Heaters, Water Heaters, or Ceramic Heaters, are devices which convert electrical energy into heat. They are usually made using a conductive material, such as a ceramic, metal, or thick film heater elements. The Heating Element converts electrical energy through Joule heating, in which the element creates resistance for the electric current, subsequently heating the element.They are used in heating water or similar liquid medium for a general purpose and usually corrosion free. Other corrosion resistant materials used are a composition of alloy such as copper or titanium. They are most resistant to high temperature and withstand the highly corrosive medium. Recently, specially manufactured alloy such as Inconel® and Incoloy® were introduced for more advanced application.

The global Electric Heater market was valued at USD 2086.44 million in 2021 and is expected to reach USD 2852.02 million by the end of 2028, growing at a CAGR of 4.34% between 2022 and 2028. Benefiting from factors such as promotion of energy conservation and emission reduction policies, continuous advancement of electric heater technology, replacement of electric heating for other heating methods, the increasing rate of global urbanization and other factors, the global Electric Heater market is expected to achieve huge 's development.

At present, energy conservation and emission reduction has become a common concept in the world, and various countries have formulated many measures to encourage energy conservation and emission reduction in industrial policies. Compared with traditional combustion heating, electric heaters have the advantages of less pollution and high thermal efficiency, which meet the requirements of current energy-saving and emission-reduction policies. In addition, energy-saving emission reduction and low-carbon policies have also spawned a huge new energy market, while Electric Heater photovoltaic industry, new energy vehicle industry and other aspects All have huge application prospects.

According to market segments, the Electric Heater market can be divided into Immersion Heaters, Tubular Heaters, Circulation Heaters, Band Heaters, Strip Heaters, Coil Heaters, Flexible Heaters and Other Types. In 2021, Flexible Heaters will occupy the highest market share, accounting for 38.20% of the total market size. During the forecast period 2022-2028, we believe that Flexible Heaters will also achieve the highest CAGR of 5.00%.

On basis of geography, the Electric Heater market is segmented into North America, Europe, Japan, China, etc. In 2021, Asia-Pacific will dominate the Electric Heater market, accounting for 45.65% of the total market size, corresponding to Europe and North America's ratios are 23.67% and 21.94%. In the forecast period of 2022-2028, we predict that the Asia-Pacific market will also maintain the highest growth rate, with a CAGR of 6.08%.

The main uses of Electric Heaters include Domestic Appliances, Automotive and Transportation, Commercial Applications, Industrial Sectors. In 2021, domestic appliances will account for the highest proportion of the total market size, reaching 36.00%. While in the forecast period of 2022-2028, Automotive and Transportation will experience the fastest growth with a CAGR of 6.09%.

The market concentration of the Electric Heater market is not high. In 2021, the indicator CR5 that reflects the market concentration is 38.49%, and the HHI is 3.55%. However, the increase in market concentration is a major trend after that. The electric heater industry is a fully competitive industry. There are many companies in the industry and the competition is fierce. With the further development of the industry's dominant companies and the continuous enhancement of brand strength, it is inevitable that the market share will concentrate on the dominant companies, and the future electric heater industry will also Like air conditioners, refrigerators and other related industries, a stable competition pattern will be formed.

Key players in the electric heater market include Watlow, Zhenjiang Dongfang Electric Heating Technology Co., Ltd, Chromalox, Tutco Heating Solutions Group, Minco, Hotset GmbH, Durex Industries, Tempco Electric Heater Corporation, OMEGA, Holroyd Components Ltd, Ulanet, Friedr. Freek GmbH, Industrial Heater Corporation, Thermal Corporation, CCI Thermal Technologies, BUCAN, Wattco, Delta MFG, Zoppas Industries, Akinsun Heating Company.

This report provides a deep insight into the global Electric Heater market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electric Heater Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electric Heater market in any manner.

Global Electric Heater Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Watlow

Dongfang Electric Heating Technology Co.,Ltd

Chromalox

Tutco Heating Solutions Group

Minco

Hotset GmbH

Durex Industries

Tempco Electric Heater Corporation

OMEGA

Holroyd Components Ltd

Ulanet

Friedr. Freek GmbH

Industrial Heater Corporation

Thermal Corporation

CCI Thermal Technologies

BUCAN

Wattco

Delta MFG

Zoppas Industries

Akinsun Heating Company

Market Segmentation (by Type)

Immersion Heaters

Tubular Heaters

Circulation Heaters

Band Heaters

Strip Heaters

Coil Heaters

Flexible Heaters

Other Types

Market Segmentation (by Application)

Domestic Appliances

Automotive and Transportation

Commercial Applications

Industrial Sectors

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Electric Heater Market

Overview of the regional outlook of the Electric Heater Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

6-month post-sales analyst support

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Electric Heater Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.