About Industrial Heaters
Industrial heaters are using in various processes, where temperature needs to increase. Industrial heaters operate by converting electrical energy into heat and then it processes in various forms of heat transfer. Manufacturers are using 3D software for designing of industrial heaters and further stimulating the heating systems.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Industrial Heaters market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to increase their market share. Key vendors operating in the global market are also acquiring start-ups. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Heaters market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Chromalox (United States), Wattco (Canada), EXHEAT (India), Indeeco (United States), Watlow (United States), Omron (Japan), Industrial Heat Products (India), Detroit Radiant Products Company (United States), Marley Engineered Product (United States), TPI Corporation (United States) and Theeta (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are HTS/Amptek (United States), Hubbell (United States), KERONE (India) and Thermo Sensors (India).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Heaters market by Type (Corrugation Heater, Immersion Heaters, Space Heaters, Cartridge Heaters, Cartridge Heaters, Tubular Heaters, Flameproof Heaters, Custom Built Heaters and Strip and Band Heaters), Application (Cement Curing, Plastic Forming, Laboratory Equipment, Plant Services Heating, Air Cleaning/Heating, Desiccant Drying and Paint and Powder Coat Drying) and Region.
On the basis of geography, the market of Industrial Heaters has been segmented into 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). If we see Market by Technology, the sub-segment i.e. Fuel Based will boost the Industrial Heaters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Store will boost the Industrial Heaters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Number of Regulations in Recent Years to Cut Carbon Emissions, High Surge in Government Investment of More Than £2.5bn and Increasing Application and Integration of New and Innovative Wireless Technology in HVAC Systems
Market Growth Drivers:
Baking and Curing, Softening, Drying, and Low-Temperature Process Ovens, Increasing Consumption of Electro-Technologies, Growing Expenditure from Emerging Nations and Rising Development on Low Carbon Technologies
Challenges:
Fuel price volatility
Restraints:
Lack of Skilled Workers Can Impact On the Growth of the Market
Opportunities:
High Growth Opportunity Due To Growing Demand for High Efficiency and Safe Domestic Heating Appliances and Also For Propane Space Heating Products in Emerging Countries
Market Leaders and their expansionary development strategies
In January 2024, Laars Heating Systems, a subsidiary of Bradford White Corporation and a leading U.S. designer and manufacturer of boilers, water heaters, and pool heaters used in residential, commercial, and industrial applications, acquired Electro Industries, Inc., based in Monticello, Minnesota. Electro Industries is a manufacturer of electric boilers, air-to-water heat pump technology, electric duct heaters and controls. This acquisition will expand Laars' residential, commercial and industrial space heating portfolio.
In February 2024, Modine , a leader in innovative heating solutions in the HVAC industry, has launched of the MEW, a new corrosion-resistant electric unit heater that is designed to be used in non-hazardous washdown and corrosive environments. This new unit provides a heating option for use in the farming and agriculture, food and beverage production, car wash, oil and gas, petrochemical and dairy industries.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Industrial Heaters Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.