Global Heating Element Market Research Report 2022
Market Analysis and Insights: Global Heating Element Market
Due to the COVID-19 pandemic, the global Heating Element market size is estimated to be worth US$ 9.56 billion in 2022 and is forecast to a readjusted size of US$ 12.59 billion by 2028 with a CAGR of 4.69% during the forecast period 2022-2028.
North America Heating Element market size was US$ 2 billion in 2021, while Europe was US$ 21.7 Billion. The proportion of the North America was 21.54% in 2021, while Europe’s percentage was 23.36%, and it is predicted that Europe market share will reach 22.54% in 2028, trailing a CAGR of 4.29% through the analysis period. As for the Asia, the Heating Element market size was US$ 4.37 billion in 2021, CAGR is 5.21% for the next 6-year period.
The global major manufacturers of Heating Element include Zoppas Industries, NIBE, Watlow (Tinicum), Hangzhou Heatwell Electric Heating Technology, Zhenjiang Dongfang Electric Heating Technology, Spirax-Sarco Engineering plc, Tutco, Thermon, and Thermowatt (Ariston Thermo), etc. In terms of revenue, the global three largest players hold a 20.76% market share of Heating Element in 2021.
Global Heating Element Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Heating Element Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Company
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
Tamman
Thermon Group Holdings, Inc.
Spirax-Sarco Engineering plc
Minco Products, Inc.
Hotset GmbH
OMEGA(Spectris plc)
Durex Industries
Indeeco
Holroyd Components Ltd.
Wattco
Industrial Heater Corp.
Friedr. Freek GmbH
Segment by Type
Immersion Heaters
Tubular Heaters
Circulation Heaters
Band Heaters
Strip Heaters
Coil Heaters
Flexible Heaters
Other Types
Segment by Application
Chemical & Plastics Industry
Pharmaceutical Industry
Transportation
Appliances
Others
Production by Region
North America
Europe
China
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Australia
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
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