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Industrial Heaters Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Industrial Heaters Market
1. Industrial Heaters Market Overview
Industrial heaters are devices used to generate heat for various purposes in industrial settings. There are many different types of industrial heaters, each with its own unique set of features and applications.

The global industrial heaters market is expected to grow at a CAGR of 4.5% from 2019 to 2024. The major drivers for this market are the growing demand for energy-efficient and eco-friendly products, the need for better process control, and the rising demand for smart and connected products.

The different types of industrial heaters include air heaters, band heaters, cartridge heaters, ceramic heaters, immersion heaters, and others. Air heaters are the most commonly used type of industrial heater, and they are further classified into blower heaters, forced air heaters, and radiant heaters.

Band heaters are used for heating cylindrical objects, and they are available in different sizes and shapes. Cartridge heaters are used for heating small objects or areas, and they are available in a variety of designs and configurations.

Ceramic heaters are made of ceramic materials, and they are used for high-temperature applications. Immersion heaters are used for heating liquids, and they are available in different designs and sizes.

Some of the major players in the industrial heaters market include Chromalox, Inc., Watlow Electric Manufacturing Company, Inc., Colfax Corporation, and Johnson Controls International plc.

2. Industrial Heaters Market Growth Drivers
The industrial heaters market is expected to grow at a moderate rate during the forecast period. The market is driven by the rising demand for energy-efficient and cost-effective heating solutions in the industrial sector. The ever-increasing need to reduce carbon footprints and conserve energy is another major factor driving the growth of the industrial heaters market.

One of the key drivers for the growth of the industrial heaters market is the rising demand for energy-efficient heating solutions. With the growing concerns over the environment and the need to conserve energy, industries are increasingly adopting energy-efficient heating solutions. This is expected to drive the growth of the industrial heaters market during the forecast period.

Another key driver for the growth of the industrial heaters market is the increasing adoption of smart heating solutions. Smart heating solutions offer various benefits such as remote monitoring and control, energy efficiency, and cost-effectiveness. This is expected to drive the growth of the industrial heaters market during the forecast period.

The industrial heaters market is also driven by the need to reduce carbon footprints. With the growing concerns over the environment, industries are looking for ways to reduce their carbon footprints. This is expected to drive the growth of the industrial heaters market during the forecast period.

The industrial heaters market is restrained by the high initial investment costs. The high initial investment cost is a major barrier for the adoption of industrial heaters. This is expected to restraint the growth of the industrial heaters market during the forecast period.

The industrial heaters market is further restrained by the lack of awareness about the benefits of energy-efficient heating solutions. The lack of awareness is preventing many industries from adopting energy-efficient heating solutions. This is expected to restraint the growth of the industrial heaters market during the forecast period.

3. Industrial Heaters Market Challenges
The industrial heaters market is forecast to grow at a CAGR of over 5% during the period 2019-2024. The market is driven by the increase in demand for energy-efficient and cost-effective heating solutions. However, the market faces certain challenges that are hindering its growth.

The first challenge is the high initial investment required for setting up an industrial heating system. The cost of the equipment and installation can be a deterrent for small and medium enterprises.

The second challenge is the need for trained personnel to operate and maintain the system. There is a lack of skilled labor in the market, which is a challenge for the growth of the industrial heaters market.

The third challenge is the stringent government regulations regarding the emission of greenhouse gases. The industrial heaters market is subject to strict environmental regulations, which are a challenge for the market players.

4. Industrial Heaters Market Opportunities
The industrial heaters market is expected to grow significantly in the next few years. This is because of the increasing demand for heating solutions in various industries such as chemicals, food & beverage, metals & mining, and others. Moreover, the growing adoption of advanced technologies in the industrial sector is also expected to drive the market growth.

Some of the major opportunities in the industrial heaters market include:

1. Increasing demand for energy-efficient heaters: With the growing awareness about the benefits of energy-efficient products, the demand for energy-efficient industrial heaters is expected to increase in the coming years. This is because energy-efficient heaters help in reducing the overall energy consumption and carbon emissions.

2. Growing adoption of smart heating solutions: The growing adoption of smart technologies in the industrial sector is expected to drive the demand for smart heating solutions. Smart heaters are equipped with advanced features such as remote monitoring and control, automatic temperature control, and others. These features help in reducing the overall energy consumption and improve the overall efficiency of the heating process.

3. Increasing focus on safety and security: With the growing concerns about the safety and security of industrial operations, the demand for safe and secure heating solutions is expected to increase in the coming years. This is because safe and secure heaters help in reducing the chances of accidents and injuries.

4. Growing demand from emerging economies: The growing demand from emerging economies such as China, India, and others is expected to drive the growth of the industrial heaters market. This is because of the increasing industrialization and urbanization in these countries.

5. Industrial Heaters Market Size and Forecast
The global industrial heaters market size was valued at USD 12.8 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2020 to 2027. Rising demand for energy-efficient and compact heaters in end-use industries is anticipated to drive the market over the forecast period.

In terms of product, the global industrial heaters market has been classified into infrared heaters, ceramic heaters, tubular heaters, band heaters, and others. The infrared heaters segment held the largest market share of 34.7% in 2019. These heaters are widely used in plastics, packaging, food & beverage, and automotive industries due to their ability to provide uniform heating.

On the basis of application, the global industrial heaters market has been segmented into plastic & rubber, food & beverage, automotive, chemicals, and others. The automotive segment is expected to grow at the highest CAGR of 6.3% from 2020 to 2027. This can be attributed to the rising demand for electric vehicles and the need for energy-efficient and light-weight heaters in the automotive industry.

In terms of region, the global industrial heaters market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held the largest market share of 36.8% in 2019. The market in the region is expected to grow at the highest CAGR of 6.2% from 2020 to 2027. This can be attributed to the growing end-use industries, such as automotive and food & beverage, in the region.

Some of the key players operating in the global industrial heaters market are Chromalox, Inc., Watlow, Zoned Heating & Cooling, Inc., TPI Corporation, Danaher Corporation, and Glen Dimplex Americas.

The global industrial heaters market is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2020 to 2027. Rising demand for energy-efficient and compact heaters in end-use industries is anticipated to drive the market over the forecast period.

6. Industrial Heaters Market Segmentation
The global industrial heaters market is segmented on the basis of technology, type, application, and geography.

On the basis of technology, the industrial heaters market is classified into electrical, fossil fuel, and others. The electrical segment includes resistance, induction, and dielectric heaters. The fossil fuel segment includes combustion and radiation heaters. The others segment includes microwave and ultrasonic heaters.

On the basis of type, the industrial heaters market is classified into air heaters, band heaters, cartridge heaters, ceramic band heaters, circulating air & immersion heaters, dielectric fluid heaters, drum heaters, and others. The air heaters segment includes direct fired air heaters and indirect fired air heaters. The band heaters segment includes mica band heaters and ceramic band heaters. The cartridge heaters segment includes tubular cartridge heaters and flat disk cartridge heaters. The ceramic band heaters segment includes tubular ceramic band heaters and flat disk ceramic band heaters. The circulating air & immersion heaters segment includes tubular circulating air heaters and flat disk circulating air heaters. The dielectric fluid heaters segment includes tubular dielectric fluid heaters and flat disk dielectric fluid heaters. The drum heaters segment includes steel drum heaters and fiberglass drum heaters. The others segment includes ovens and furnaces.

On the basis of application, the industrial heaters market is classified into food & beverage, automotive, chemicals, pharmaceuticals, metals & mining, and others. The food & beverage segment includes drying, baking, and cooking. The automotive segment includes engine cooling, and cabin & windshield heating. The chemicals segment includes drying, curing, and heating. The pharmaceuticals segment includes drying, curing, and heating. The metals & mining segment includes drying, curing, and heating. The others segment includes aerospace, textile, glass, and paper & pulp.

On the basis of geography, the industrial heaters market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is further segmented into the US, Canada, and Mexico. Europe is

7. Industrial Heaters Market Competition
The industrial heaters market is growing rapidly with the increase in industrialization and urbanization. The competition in the market is also increasing with the entry of new players. The major players in the market are

1. ABC Corporation

2. XYZ Corporation

3. 123 Corporation

The competition in the market is intense as the players are trying to gain a larger share of the market. The players are competing on the basis of product quality, price, and innovation. The players are also trying to expand their product portfolio to meet the changing needs of the customers.

8. Company Profiles
The industrial heaters market is growing at a rapid pace owing to the increasing demand from various industries such as food & beverage, automotive, chemicals, and others. The industrial heaters are used in various applications such as drying, curing, annealing, and others. The report provides an in-depth analysis of the global industrial heaters market and offers insights on the key players operating in the market. It also provides information on the major drivers, restraints, and opportunities of the market.

Some of the key players operating in the global industrial heaters market are Chromalox, Inc., Watlow, Drägerwerk AG & Co. KGaA, Zoppas Industries S.p.A., and Johnson Controls, Inc. These players are continuously innovating and introducing new products to cater to the changing needs of the customers. For instance, in March 2017, Chromalox launched a new line of air heaters for the foodservice industry. These heaters are designed to provide uniform air temperatures and improve the efficiency of the cooking process.

The report segments the global industrial heaters market on the basis of type, application, fuel type, and geography. On the basis of type, the market is divided into band, cartridge, ceramic, coil, drum, immersion, infrared, and others. On the basis of application, the market is classified into food & beverage, automotive, chemicals, pharmaceuticals, plastics & rubber, metals, and others. Based on fuel type, the market is bifurcated into gas, oil, and electricity.

The report provides an in-depth analysis of the key players operating in the global industrial heaters market. The company profiles include business overview, financial overview, business strategies, and recent developments. The report also covers the competitive landscape of the global industrial heaters market and provides information on the major players operating in the market.

The report segments the global industrial heaters market as:

Global Industrial Heaters Market: Type Segment Analysis

Band

Cartridge

Ceramic

Coil

Drum

Immersion

Infrared

Others

Global Industrial Heaters Market: Application Segment Analysis

9. Appendix
An appendix is a collection of supplementary materials, usually appearing at the end of a report, book, or other document. It includes additional information that helps to explain or support the main text but is not essential to understanding it.

Industrial heaters are devices that are used to generate heat for industrial purposes. There are various types of industrial heaters available in the market, such as air heaters, band heaters, cartridge heaters, ceramic band heaters, circulating water heaters, combustion air heaters, and duct heaters.

Air heaters are used to heat air, while band heaters are used to heat cylindrical objects. Cartridge heaters are used to heat small areas. Ceramic band heaters are used to heat cylindrical objects made of ceramic. Combustion air heaters are used to heat air that is used in combustion processes. Duct heaters are used to heat air that is circulated through ducts.

Industrial heaters are used in a variety of industries, such as automotive, chemical, food & beverage, glass, metal, plastic, and textiles. They are available in different shapes and sizes, and can be customized as per the requirements of the customer.

The global industrial heaters market is expected to grow at a CAGR of 5.5% from 2019 to 2024. The growth of the market is driven by the increasing demand from the automotive and food & beverage industries.

The automotive industry is the largest end-user of industrial heaters. Industrial heaters are used in automotive applications, such as engine pre-heating, paint curing, and tyre vulcanization. The increasing production of vehicles is expected to drive the demand for industrial heaters in the automotive industry.

The food & beverage industry is the second-largest end-user of industrial heaters. Industrial heaters are used in food & beverage applications, such as drying, heating, and sterilization. The increasing demand for processed and packaged food is expected to drive the demand for industrial heaters in the food & beverage industry.

The Asia-Pacific region is the largest market for industrial heaters,

Key Players Covered

 

Auzhan Electric Appliances Co. Ltd., Excel Heaters, Wattco, Elmatic Ltd., Powrmatic Ltd., Winterwarm, Watlow Electric Manufacturing Company, Dragon Power Electric Co. Ltd. and Chromalox.

 

Segmentation

 

 ATTRIBUTE

 

 DETAILS
 

By Technology

 

 

    • Electric-based
    • Steam-based
    • Hybrid-based
    • Fuel-based

 

 

 

By Product Type

 

 

    • Pipe Heaters
    • Duct Heaters
    • Cartridge Heaters
    • Immersion Heaters
    • Circulation Heaters

 

 

 

By Industry

 

 

    • Oil & Gas
    • Food & Beverages
    • Petrochemical Industry
    • Automotive
    • Pharmaceuticals
    • Other

 

 

 

By Geography

 

 

    • North America (the USA and Canada)
    • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
    • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
    • Latin America (Brazil, Mexico and Rest of Latin America)
    • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

 

 

 

 

 

 

By Technology

 

 

    • Electric-based
    • Steam-based
    • Hybrid-based
    • Fuel-based

 

 

 

By Product Type

 

 

    • Pipe Heaters
    • Duct Heaters
    • Cartridge Heaters
    • Immersion Heaters
    • Circulation Heaters

 

 

 

By Industry

 

 

    • Oil & Gas
    • Food & Beverages
    • Petrochemical Industry
    • Automotive
    • Pharmaceuticals
    • Other

 

 

Auzhan Electric Appliances Co. Ltd., Excel Heaters, Wattco, Elmatic Ltd., Powrmatic Ltd., Winterwarm, Watlow Electric Manufacturing Company, Dragon Power Electric Co. Ltd. and Chromalox.

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