Global Electric Heating Elements Market Growth 2023-2029

Global Electric Heating Elements Market Growth 2023-2029

This report studies the Electric Heating Element market, a heating element converts electricity into heat through the process of resistive or Joule heating. Electric current passing through the element encounters resistance, resulting in heating of the element. Unlike the Peltier effect, this process is independent of the direction of current flow.

A typical Electric heating element is usually a coil, ribbon (straight or corrugated), or strip of wire that gives off heat much like a lamp filament. When an electric current flows through it, it glows red hot and converts the electrical energy passing through it into heat, which it radiates out in all directions.

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

This Insight Report provides a comprehensive analysis of the global Electric Heating Elements 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 Electric Heating Elements portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Heating Elements market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Heating Elements and breaks down the forecast by type, 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 Electric Heating Elements.

The global Electric Heating Elements market size is projected to grow from US$ 9081.9 million in 2022 to US$ 12660 million in 2029; it is expected to grow at a CAGR of 12660 from 2023 to 2029.

Global core electric heating elements manufacturers include NIBE, Watlow, Chromalox etc.The top 5 companies hold a share about 25%.Asia-Pacific is the largest market, with a share about 45%, followed by Europe and North America with the share about 23% and 20%.In terms of product, tubular heaters is the largest segment, with a share over 20%. And in terms of application, the largest application is appliances, followed by chemical & plastics industry.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Heating Elements market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Immersion Heaters
Tubular Heaters
Circulation Heaters
Band Heaters
Strip Heaters
Coil Heaters
Flexible Heaters
Others

Segmentation by application
Chemical & Plastics Industry
Pharmaceutical Industry
Transportation
Appliances
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.
NIBE
Watlow
Chromalox
Zhenjiang Dongfang Electric Heating Technology Co.,Ltd
Friedr. Freek GmbH
OMEGA
Zoppas Industries
Thermowatt
Tutco Heating Solutions Group
Tempco Electric Heating Element Corporation
CCI Thermal Technologies
Headway Electric Heat Components CO.,LTD
Hotset GmbH
Minco
Durex Industries
Holroyd Components Ltd
Honeywell
Thermal Corporation
Winkler GmbH
Industrial Heater Corporation
Delta MFG
Wattco

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Heating Elements market?

What factors are driving Electric Heating Elements market growth, globally and by region?

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

How do Electric Heating Elements market opportunities vary by end market size?

How does Electric Heating Elements break out type, 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.