Global Industrial Electric Heating Element Market Growth 2023-2029

Global Industrial Electric Heating Element Market Growth 2023-2029

Industrial electric 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.

In this report, Industrial electric heating element refers to heaters used in industrial environments, which are different from commercial heaters, such as household appliances.

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

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

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

The global Industrial Electric Heating Element market size is projected to grow from US$ 2853.2 million in 2022 to US$ 3672.5 million in 2029; it is expected to grow at a CAGR of 3672.5 from 2023 to 2029.

Asia -Pacific is the largest consumption region of Industrial Electric Heating Element, with a consumption market share nearly 50%, The second place is Europe, following Asia -Pacific with the consumption market share over 23%.

The key players are NIBE, Zoppas Industries, Watlow (Tinicum), Spirax-Sarco Engineering plc and Thermon etc. Top 5 companies occupied about 26% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Electric 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
Others

Segmentation by application
Chemical & Plastics Industry
Pharmaceutical Industry
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
Zoppas Industries
Watlow (Tinicum)
Spirax-Sarco Engineering plc
Thermon
Thermowatt (Ariston Thermo)
Tempco Electric Heater Corporation
Hotset GmbH
Durex Industries
Tutco
Indeeco
Holroyd Components Ltd
Friedr. Freek GmbH
Minco Products, Inc.
Industrial Heater Corporation
OMEGA(Spectris plc)
Wattco
Thermal Corporation

Key Questions Addressed in this Report

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

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

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

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

How does Industrial Electric 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.