Global Heating Element Market Growth 2023-2029

Global Heating Element Market Growth 2023-2029

Heating element is a heating device 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.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heating Element 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 Element.

The global Heating Element 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 heating element manufacturers include Zoppas Industries, NIBE Industrier AB, Watlow (Tinicum) etc.The top 5 companies hold a share about 25%.Geographically speaking, China holds about 40% of global market share, followed by Europe with about 30% share. In terms of type, tubular heaters segment holds an important share of over 20%. In terms of application, appliances segment accounts for over 30% of the total share.

This report presents a comprehensive overview, market shares, and growth opportunities of Heating Element 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
Other Types

Segmentation by application
Chemical 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.
Zoppas Industries
NIBE Industrier AB
Watlow (Tinicum)
Zhenjiang Dongfang Electric Heating Technology
Hangzhou Heatwell Electric Heating Technology Co., Ltd.
Tutco
Sino-Japan Electric Heater
Headway Electric Heat Components
Thermowatt (Ariston Thermo)
Tempco Electric Heater Corporation
Thermon Group Holdings, Inc.
Spirax-Sarco Engineering plc
Minco Products, Inc.
Tamman
Hotset GmbH
OMEGA(Spectris plc)
Durex Industries
Indeeco
Holroyd Components Ltd.
Wattco
Industrial Heater Corp.
Friedr. Freek GmbH

Key Questions Addressed in this Report

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

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

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

How do Heating Element market opportunities vary by end market size?

How does Heating Element 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.