Global Cartridge Electric Heaters Market Growth 2023-2029

Global Cartridge Electric Heaters Market Growth 2023-2029

The global Cartridge Electric Heaters market size is projected to grow from US$ 541 million in 2022 to US$ 749.7 million in 2029; it is expected to grow at a CAGR of 4.8% from 2023 to 2029.

The key manufacturers of Cartridge Electric Heaters include Zoppas Industries, NIBE Industrier AB, Watlow (Tinicum), Tutco, and Tempco Electric Heater Corporation, etc. The top five manufacturers account for about 15% of the total market share.

Europe is the world's largest market, accounting for about 33%. It is followed by North America and China at about 27% and 24%, respectively.

In terms of product, it is divied into Low Density Cartridge Electric Heaters, Medium Density Cartridge Electric Heaters, and High Density Cartridge Electric Heaters. Low Density Cartridge Electric Heaters account for the highest market share at about 47%. Medium Density Cartridge Electric Heaters account for about 42%.

Cartridge Electric Heaters are widely used in die casting, mold process, plastic extrusion, food processing, medical equipment, and other aspects. Mold process is the main downstream industry, accounting for about 20% of all downstream industries.

Low density cartridge electric heaters comprise a stainless-steel tube containing a nickel-chrome resistive spiral inserted into a ceramic insulating nucleus. Magnesium oxide fills the holes through which the resistive wire is passed to improve heat transmission properties.

Finned strip cartridge elements are employed particularly on packing machines or as anti-condensation units in electric cupboards or panels, whereas finless ones are used on applications for professional catering.

Watt Density ≤6W/cm²

LPI (LP Information)' newest research report, the “Cartridge Electric Heaters Industry Forecast” looks at past sales and reviews total world Cartridge Electric Heaters sales in 2022, providing a comprehensive analysis by region and market sector of projected Cartridge Electric Heaters sales for 2023 through 2029. With Cartridge Electric Heaters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cartridge Electric Heaters industry.

This Insight Report provides a comprehensive analysis of the global Cartridge Electric Heaters landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cartridge Electric Heaters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cartridge Electric Heaters market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cartridge Electric Heaters and breaks down the forecast by density, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cartridge Electric Heaters.

This report presents a comprehensive overview, market shares, and growth opportunities of Cartridge Electric Heaters market by product density, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by density
Low Density Cartridge Electric Heaters
Medium Density Cartridge Electric Heaters
High Density Cartridge Electric Heaters

Segmentation by application
Die Casting
Mold Process
Plastic Extrusion
Food Processing
Medical Equipment
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Zoppas Industries
NIBE Industrier AB
Watlow (Tinicum)
Tutco
Tempco Electric Heater Corporation
Nexthermal Corporation
Spirax-Sarco Engineering plc
Hotset GmbH
Dalton Electric Heating
OMEGA(Spectris plc)
Turk+Hillinger
Durex Industries
Ihne & Tesch
Industrial Heater Corp.
Friedr. Freek GmbH
Wattco

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cartridge Electric Heaters market?

What factors are driving Cartridge Electric Heaters market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cartridge Electric Heaters market opportunities vary by end market size?

How does Cartridge Electric Heaters break out density, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.