Bolt Heaters Market Analysis and Forecast to 2032: By Type (Gas Bolt Heaters, Electric Bolt Heaters, Flexible Bolt Heaters), End Use (Oil & Gas, Marine, Power Generation, Food & Plastic Packaging, Others), and Region
The global bolt heaters market was valued at USD 179.4 million in 2022 and it is anticipated to grow further till USD 298.2 million by 2032, at a CAGR of 5.2% during the forecast period.
When a high concentration of heat is necessary for bolt expansion, massive hollow bolts are tightened with the aid of bolt heaters. It is put into the hollow bolt and heated to cause it to expand, allowing the bolt or stud to be tightened even more. It is typically used to tighten big bolts and studs in massive machinery and apparatus. Large bolts can be heated by the bolt heaters to full expansion in 15 to 30 minutes. Additionally, bolt heaters are frequently utilised in pressure tanks, cylinders, die blocks, turbines, engine heads, and big compressors.
Global Bolt Heaters Market Scope and Report Structure
Market Trends and Drivers
The market is expanding as a result of the accelerated urbanisation and industrialization of emerging nations, as well as the rising use of heavy construction equipment. The need for bolt heaters is being driven up by the usage of these devices in the installation and maintenance of various pieces of industrial equipment in places like shipyards, thermal power plants, and metallurgy. Additionally, since equipment tends to wear down over time as it is utilised, rising production and equipment utilisation create a demand for maintenance and repair (M&R) services. Therefore, during the course of the projected period, these market drivers are anticipated to fuel market expansion.
Market Restraints and Challenges
The key factor hindering the growth of the market is decline in manufacturing output and post-ponding of construction projects due to covid.
Global Bolt Heaters Market Segmental Overview
The global bolt heaters market is segmented into type, end use, and region.
Global Bolt Heaters Market by Type
Based on the type, it is segmented into gas bolt heaters, electric bolt heaters, and flexible bolt heaters. The gas bolt heaters segment is anticipated to dominate the market during the forecast period. Similarly, flexible bolt heaters segment is anticipated to witness the fastest growth during the forecast period.
Global Bolt Heaters Market End Use
Based on the end use, it is segmented into oil & gas, marine, power generation, food & plastic packaging, and others. The oil & gas segment is anticipated to dominate the market during the forecast period. Similarly, food & plastic segment is anticipated to witness the fastest growth during the forecast period.
Geographical Analysis of the Global Bolt Heaters Market
Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Europe region is anticipated to witness the fastest growth during the forecast period.
Major Players in the Global Bolt Heaters Market
The key players studied in the report are Indeeco, Hotco, Vulcan, Ivaldi, Big Chief, ProTherm, CETAL, HEATCO, ASPEQ, and Thermon Heating Systems among others.
COVID-19 Impact
Manufacturing and building activities were temporarily and permanently stopped as a result of the COVID-19 epidemic in developed nations like the United States, Canada, Germany, China, and India. Other countries have experienced a similar economic collapse. The global bolt heater market was severely impacted by this drop in manufacturing production and the postponement of construction projects.
Recent Developments
August 2020, Nippon Steel Engineering, Co., Ltd. announced that it has completed modification work on a tundish ordered from Mitsubishi Steel Muroran Inc.
Frequently Asked Questions
Q1. How big is the Automotive Data Cables market?
Ans. The global Automotive Data Cables market size was USD 179.4 million in 2022 and it is anticipated to grow further till USD 298.2 million by 2032, at a CAGR of 5.2% from 2023 to 2032.
Q2. What is the Automotive Data Cables market growth rate?
Ans. The growth rate of the Automotive Data Cables market is 5.2%.
Q3. Which region holds a major market share for the Automotive Data Cables market?
Ans. North America holds a major market share of the Automotive Data Cables market in 2022.
Q4. Which segment accounted for the largest Automotive Data Cables market share?
Ans. By end use, the oil & gas segment accounted for the largest Automotive Data Cables market share.
Q5. Who are the key players in the Automotive Data Cables market?
Ans. The global Automotive Data Cables market report includes players such as Indeeco, Hotco, Vulcan, Ivaldi, Big Chief, ProTherm, CETAL, HEATCO, ASPEQ, and Thermon Heating Systems among others.
Q6. What are the factors driving the Automotive Data Cables market growth?
Ans. The major factors driving the growth of the market are the growing market in emerging countries.
Q7. What are the key growth strategies of Automotive Data Cables market players?
Ans. The key growth strategies of Automotive Data Cables market players are product launch and product approval.
Q8. Which region will provide more business opportunities for the Automotive Data Cables market during the forecast period?
Ans. The Asia-Pacific region will provide more business opportunities for the Automotive Data Cables market during the forecast period.
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- Chapter 1. Bolt Heaters Market Overview
- 1.1. Objectives of the Study
- 1.2. Market Definition and Research & Scope
- 1.3. Research Limitations
- 1.4. Research Methodologies
- 1.4.1. Secondary Research
- 1.4.2. Market Size Estimation Technique
- 1.4.3. Forecasting
- 1.4.4. Primary Research and Data Validation
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key Highlights of the Market
- Chapter 3. Premium Insights on the Market
- 3.1. Market Attractiveness Analysis, by Region
- 3.2. Market Attractiveness Analysis, by Type
- 3.3. Market Attractiveness Analysis, by End Use
- Chapter 4. Bolt Heaters Market Outlook
- 4.1. Bolt Heaters Market Segmentation
- 4.2. Market Dynamics
- 4.2.1. Market Drivers
- 4.2.1.1. Driver 1
- 4.2.1.2. Driver 2
- 4.2.1.3. Driver 3
- 4.2.2. Market Restraints
- 4.2.2.1. Restraint 1
- 4.2.2.2. Restraint 2
- 4.2.3. Market Opportunities
- 4.2.3.1. Opportunity 1
- 4.2.3.2. Opportunity 2
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Threat of New Entrants
- 4.3.2. Threat of Substitutes
- 4.3.3. Bargaining Power of Buyers
- 4.3.4. Bargaining Power of Supplier
- 4.3.5. Competitive Rivalry
- 4.4. PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.5.1. Raw Product Suppliers
- 4.5.2. Manufacturers
- 4.5.3. Wholesalers and/or Retailers
- 4.6. Impact of COVID-19 on the Bolt Heaters Market
- 4.7. Impact of the Russia and Ukraine War on the Bolt Heaters Market
- Chapter 5. Bolt Heaters Market, by Type
- 5.1. Market Overview
- 5.2. Gas Bolt Heaters
- 5.2.1. Key Market Trends & Opportunity Analysis
- 5.2.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- 5.3. Electric Bolt Heaters
- 5.3.1. Key Market Trends & Opportunity Analysis
- 5.3.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- 5.4. Flexible Bolt Heaters
- 5.4.1. Key Market Trends & Opportunity Analysis
- 5.4.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- Chapter 6. Bolt Heaters Market, by End Use
- 6.1. Market Overview
- 6.2. Oil & Gas
- 6.2.1. Key Market Trends & Opportunity Analysis
- 6.2.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- 6.3. Marine
- 6.3.1. Key Market Trends & Opportunity Analysis
- 6.3.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- 6.4. Power Generation
- 6.4.1. Key Market Trends & Opportunity Analysis
- 6.4.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- 6.5. Food & Plastic Packaging
- 6.5.1. Key Market Trends & Opportunity Analysis
- 6.5.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- 6.6. Others
- 6.6.1. Key Market Trends & Opportunity Analysis
- 6.6.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- Chapter 7. Bolt Heaters Market, by Region
- 7.1. Overview
- 7.2. North America
- 7.2.1. Key Market Trends & Opportunity Analysis
- 7.2.2. North America Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.2.3. North America Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.2.4. North America Bolt Heaters Market Size and Forecast by Country, 2022-2032, ($Million)
- 7.2.5. The U.S.
- 7.2.5.1. The U.S. Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.2.5.2. The U.S. Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.2.6.2. Canada Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.2.7.2. Mexico Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.3. Europe
- 7.3.1. Key Market Trends & Opportunity Analysis
- 7.3.2. Europe Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.3.3. Europe Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.3.4. Europe Bolt Heaters Market Size and Forecast by Country, 2022-2032, ($Million)
- 7.3.5. Germany
- 7.3.5.1. Germany Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.3.5.2. Germany Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.3.6. France
- 7.3.6.1. France Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.3.6.2. France Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.3.7. U.K.
- 7.3.7.1. U.K. Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.3.7.2. U.K. Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.3.8. Spain
- 7.3.8.1. Spain Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.3.8.2. Spain Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.3.9. Italy
- 7.3.9.1. Italy Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.3.9.2. Italy Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.3.10. Rest of Europe
- 7.3.10.1. Rest of Europe Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.3.10.2. Rest of Europe Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.4. Asia-Pacific
- 7.4.1. Key Market Trends & Opportunity Analysis
- 7.4.2. Asia-Pacific Bolt Heaters Market Size and Forecast by Country, 2022-2032, ($Million)
- 7.4.3. Asia-Pacific Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.4.4. Asia-Pacific Bolt Heaters Market Size and Forecast by Product, 2022-2032, ($Million)
- 7.4.5. China
- 7.4.5.1. China Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.4.5.2. China Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.4.6. India
- 7.4.6.1. India Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.4.6.2. India Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.4.7. Japan
- 7.4.7.1. Japan Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.4.7.2. Japan Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.4.8.2. South Korea Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.4.9. Rest of APAC
- 7.4.9.1. Rest of APAC Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.4.9.2. Rest of APAC Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.5. Rest of the World
- 7.5.1. Key Market Trends & Opportunity Analysis
- 7.5.2. Rest of the World Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.5.3. Rest of the World Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.5.4. Rest of the World Bolt Heaters Market Size and Forecast by Country, 2022-2032, ($Million)
- 7.5.5. Latin America
- 7.5.5.1. Latin America Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.5.5.2. Latin America Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.5.6. Middle East
- 7.5.6.1. Middle East Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.5.6.2. Middle East Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- 7.5.7. Africa
- 7.5.7.1. Africa Bolt Heaters Market Size and Forecast by Type, 2022-2032, ($Million)
- 7.5.7.2. Africa Bolt Heaters Market Size and Forecast by End Use, 2022-2032, ($Million)
- Chapter 8. Competitive Landscape
- 8.1. Market Overview
- 8.2. Market Share Analysis/Key Player Positioning
- 8.3. Vendor Benchmarking
- 8.4. Developmental Strategy Benchmarking
- 8.4.1. New Product Development
- 8.4.2. Product Launches
- 8.4.3. Business Expansions
- 8.4.4. Partnerships, Joint Ventures, and Collaborations
- 8.4.5. Mergers and Acquisitions
- Chapter 9. Company Profiles
- 9.1. Indeeco
- 9.1.1. Company Snapshot
- 9.1.2. Financial Performance
- 9.1.3. Product Offerings
- 9.1.4. Key Strategic Initiatives
- 9.1.5. SWOT Analysis
- 9.2. Hotco
- 9.2.1. Company Snapshot
- 9.2.2. Financial Performance
- 9.2.3. Product offerings
- 9.2.4. Key Strategic Initiatives
- 9.2.5. SWOT Analysis
- 9.3. Vulcan
- 9.3.1. Company Snapshot
- 9.3.2. Financial Performance
- 9.3.3. Product offerings
- 9.3.4. Key Strategic Initiatives
- 9.3.5. SWOT Analysis
- 9.4. Ivaldi
- 9.4.1. Company Snapshot
- 9.4.2. Financial Performance
- 9.4.3. Product offerings
- 9.4.4. Key Strategic Initiatives
- 9.4.5. SWOT Analysis
- 9.5. Big Chief
- 9.5.1. Company Snapshot
- 9.5.2. Financial Performance
- 9.5.3. Product offerings
- 9.5.4. Key Strategic Initiatives
- 9.5.5. SWOT Analysis
- 9.6. ProTherm
- 9.6.1. Company Snapshot
- 9.6.2. Financial Performance
- 9.6.3. Product offerings
- 9.6.4. Key Strategic Initiatives
- 9.6.5. SWOT Analysis
- 9.7. CETAL
- 9.7.1. Company Snapshot
- 9.7.2. Financial Performance
- 9.7.3. Product offerings
- 9.7.4. Key Strategic Initiatives
- 9.7.5. SWOT Analysis
- 9.8. HEATCO
- 9.8.1. Company Snapshot
- 9.8.2. Financial Performance
- 9.8.3. Product offerings
- 9.8.4. Key Strategic Initiatives
- 9.8.5. SWOT Analysis
- 9.9. ASPEQ
- 9.9.1. Company Snapshot
- 9.9.2. Financial Performance
- 9.9.3. Product offerings
- 9.9.4. Key Strategic Initiatives
- 9.9.5. SWOT Analysis
- 9.10. Thermon Heating Systems
- 9.10.1. Company Snapshot
- 9.10.2. Financial Performance
- 9.10.3. Product offerings
- 9.10.4. Key Strategic Initiatives
- 9.10.5. SWOT Analysis
- *The list of company is subject to change during the final compilation of the report
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