Global Heating Coil Market Growth 2023-2029

Global Heating Coil Market Growth 2023-2029

This report studies the Heating Coil market, which converts electricity into heat through the process of resistive.
LPI (LP Information)' newest research report, the “Heating Coil Industry Forecast” looks at past sales and reviews total world Heating Coil sales in 2022, providing a comprehensive analysis by region and market sector of projected Heating Coil sales for 2023 through 2029. With Heating Coil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heating Coil industry.
This Insight Report provides a comprehensive analysis of the global Heating Coil 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 Heating Coil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Heating Coil market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heating Coil 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 Heating Coil.
The global Heating Coil market size is projected to grow from US$ 12050 million in 2022 to US$ 14830 million in 2029; it is expected to grow at a CAGR of 14830 from 2023 to 2029.
Sandvik Materials Technology, ZI Heating Element Technologies, Escorts Limited, Kawai Electric Ltd. And Watlow Electric Manufacturing are the leading manufacturers of heating coils, with the top 5 manufacturers accounting for about 25% of the market share.
China is the largest production region, accounting for about 20% of the total market, followed by Europe with about 18%.
This report presents a comprehensive overview, market shares, and growth opportunities of Heating Coil market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Tubular Heater
Cartridge Heaters
Band Heaters
Others
Segmentation by application
HVAC Industry
Industrial Equipment
Home Application
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.
Sandvik Materials Technology
ZI Heating Element Technologies
Escorts Limited
Kawai Electric Ltd.
Watlow Electric Manufacturing
WATTCO
Tutco
Rama Corp
Marathon Heater
SHANGHAI MINKVON INDUSTRY CO., LTD
Backer Hotwatt, Inc
Sunrise Products
HC Coils
NTT Heating
JFD Tube & Coil Products Inc
Key Questions Addressed in this Report
What is the 10-year outlook for the global Heating Coil market?
What factors are driving Heating Coil market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Heating Coil market opportunities vary by end market size?
How does Heating Coil break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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