About Heating Coil
A heating coil is a special heating device that is shaped in a spiral design. The coil is typically made from ceramic or metal and heated through electrical current. This type of design is often found in hair dryers, space heaters, and electric ovens. Many portable space heaters use a heater coil design. This coil produces heat that is transferred into the surrounding area with a fan. A heating coil is normally powered by electricity. When the coil is charged with electric power, it becomes red hot. This heat is transferred into the open area by using an exhaust fan. As the fan blows air over the coil, the coil is continually heated, which warms the air.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Heating Coil market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sandvik Materials Technology (Sweden), Rama Corp (United States), ZI Heating Element Technologies (Italy), Tutco (United States), Escorts Limited (India), SHANGHAI MINKVON INDUSTRY CO. LTD (China), Watlow Electric Manufacturing (United States), Marathon Heater (India), JFD Tube and Coil Products Inc (United States) and Backer Hotwatt Inc (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are NTT Heating (Malaysia), Sunrise Products (India) and HC Coils (United States).
Segmentation Overview
AMA Research has segmented the market of Global Heating Coil market by Type (Tubular Heater, Cartridge Heaters, Band Heaters and Others), Application (HVAC Industry, Industrial Equipment, Home Application and Others) and Region.
On the basis of geography, the market of Heating Coil 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online Distribution Channel will boost the Heating Coil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Nichrome will boost the Heating Coil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Innovative Home Appliances and Rising Demand from various End-User Industry Applications
Market Growth Drivers:
The Rising Demand due to Online Availability and Upsurging Demand from HVAC Industry
Restraints:
The Growing Concern Regarding Damage and Quality Of the Product
Opportunities:
Growing Disposable Income and Increasing Demand from Developing Countries
Market Leaders and their expansionary development strategies
In October 2023, Baltimore Aircoil Company (BAC), a cooling solutions provider for the commercial, industrial and refrigeration markets, announced the acquisition of Dayton, TN-based Coil Design, a manufacturer of cooling and heating coils.
In March 2022, Oasis Coils and Coatings L.L.C. (OCC), the leading HVAC coil manufacturing and coating company in the GCC region announced the launch of ‘SPC Aqua’ a new brand specializing in the pool heat pumps.
Key Target Audience
Heating Coil Manufactures, Heating Coil Suppliers, Heating Coil Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
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.