Industry Background:
An electric heater is a device which converts electrical energy into heat energy or radiant energy. The surging adoption of smart electric heaters for an efficient smart home to deliver energy savings and quality heating applications. The increasing numbers of smart cities, smart homes worldwide and numerous initiatives being taken up by the government authorities are propelling the use of an electric heater and offering tremendous opportunities to the key market players
The Global Electric Heater market presents a comprehensive analysis of the Electric Heater market by product type (Immersion Heaters, Tubular Heaters, Circulation Heaters, Band Heaters, Strip Heaters, Coil Heaters, Flexible Heaters and Other), by end-user/application (Residential and Commercial), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Manufacturers profiled in the report are NIBE (Sweden), OMEGA Engineering Inc. (United States), Watlow (United States), Tutco (United States), Chromalox (United States), Tempco Electric Heater Corporation (United States), CCI Thermal Technologies (Canada), Minco (United States), Industrial Heater Corporation (United States), Durex Industries (United States), Friedr. Freek GmbH (Germany), Delta MFG (United States), Thermal Corporation (United States) and Akinsun Heat Co. Inc. (United States). Additionally, other players that are part of this comprehensive study are Hotset GmbH (Germany), Ulanet (United States) and BUCAN (Canada).
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Forecast Period | 2023-2029 |
Historical Period | 2019-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | NIBE (Sweden), OMEGA Engineering Inc. (United States), Watlow (United States), Tutco (United States), Chromalox (United States), Tempco Electric Heater Corporation (United States), CCI Thermal Technologies (Canada), Minco (United States), Industrial Heater Corporation (United States), Durex Industries (United States), Friedr. Freek GmbH (Germany), Delta MFG (United States), Thermal Corporation (United States) and Akinsun Heat Co. Inc. (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Surging Research & Development to Improve Battery Life and Increase Heating Range, Reduce Charging time, Weight and Cost
Market Growth Drivers:
Rising Disposable Income and Industrialization & Urbanization in Emerging Economies and Constantly Growing Concerns Regarding Exhaustion of Fossil Fuels and Degrading Environmental Conditions
Challenges:
High Electricity Cost in Both Developing and Developed Countries
Restraints:
Lack of Continuous Power Supply in Underdeveloped Countries
Opportunities:
Continuous Development of New Enhanced Battery Recycling and Increasing Demand in Residential Applications
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Electric Heater industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the Asia Pacific holds majority of market share of the Electric Heater
The End-User, such as Chemical & Plastics Industry, is boosting the Electric Heater market and is anticipated to experience a steady growth during the forecast period.
The Leading partnership market player are forming technological Partership to build and develop innovative product.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)