This report studies the industrial 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.
Currently, there are many manufacturers companies in the world. The main market players are Watlow, Chromalox, Tempco Industrial Electric Heating Element Corporation,,Tutco Heating Solutions Group, Minco, OMEGA, Indeeco, NIBE, Durex Industries, Industrial Heater Corporation, Delta MFG, Wattco so on. United States sales value of Industrial Electric Heating Element is about 1626.86 Million USD in 2017.
There are seven kinds of Electric Heating Element, which are including Immersion Heaters, Tubular Heaters Circulation Heaters, Band Heaters, Strip Heaters, Coil Heaters and Flexible Heaters. Flexible Heaters is important in the Electric Heating Element, with a 38.08% consumption revenue market share nearly in 2017.
The Industrial Electric Heating Element market was valued at 1630 Million US$ in 2018 and is projected to reach 2370 Million US$ by 2025, at a CAGR of 4.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Industrial Electric Heating Element.
This report presents the worldwide Industrial Electric Heating Element market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Tempco Electric Heating Element Corporation
Tutco Heating Solutions Group
Industrial Heater Corporation
Industrial Electric Heating Element Breakdown Data by Type
Industrial Electric Heating Element Breakdown Data by Application
Chemical & Plastics Industry
Oil & Gas
Industrial Electric Heating Element Production by Region
Industrial Electric Heating Element Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Industrial Electric Heating Element status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Industrial Electric Heating Element manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Industrial Electric Heating Element :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Industrial Electric Heating Element market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.