About Electric Duct Heater
Electric duct heaters are stand-alone heating units which are designed for installation within air handling systems. Some of these heaters are a fundamental part of a number of other equipment; for instance, some may be directly attached to heat pumps, variable air volume terminals, or fans. On the other hand, some can be used as full heating units that are mounted upon air ducts. Duct heater are primarily use as source for space heating. Duct heaters are self-contained and designed to install in a duct system either in a horizontal or vertical duct. Electric duct heater can be fitted as a stand-alone or combined with any source of heating and cooling systems.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.6% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Electric Duct Heater 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.
Wattco (United States), Greenheck Fan Corporation (United States), Indeeco (United States), Chromalox (United States), Cetal (France), Heatrex (United States), Thermolec (Canada), SinusJevi (Netherlands), Tutco Heating Solutions Group (United States) and King Electric (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Marley Engineered Products (United States) and VEAB Heat Tech AB (Sweden).
Segmentation Overview
AMA Research has segmented the market of Global Electric Duct Heater market by Type (Open Coil Heaters, Strip Heaters, Tubular Heaters, Quartz Heaters and Others), Application (Commercial Building, Air Conditioning, Pre-Heating of Ovens, Heating in Autoclaves, Ships and Others) and Region.
On the basis of geography, the market of Electric Duct Heater 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 Design, the sub-segment i.e. Horizontal Dust will boost the Electric Duct Heater market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Stainless Steel will boost the Electric Duct Heater market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Development in Electric Duct Heater
Market Growth Drivers:
Rising Disposable Income and Industrialization and Growing Concerns Regarding Exhaustion of Fossil Fuels
Challenges:
High Cost of Electricity
Restraints:
Lack of Continuous Power Supply in Underdeveloped Countries
Opportunities:
Continuous Development of New Enhanced Battery Recycling and Increasing Demand in Residential Applications
Market Leaders and their expansionary development strategies
On September 15, 2023, Emerson announced a collaboration with Texas Instruments to develop smart sensors and controls for electric duct heaters. This collaboration focuses on making duct heaters more efficient and easier to manage.
On October 26, 2023, Chromalox announced a partnership with Honeywell Building Solutions to integrate Chromalox's electric duct heaters into Honeywell's building automation systems. This partnership aims to improve energy efficiency and comfort in commercial buildings.
Key Target Audience
Manufacturers of Electric Duct Heater, Suppliers of Electric Duct Heater, Wholesalers, Distributors and Retailers of Electric Duct Heater, Component Manufacturers and Original Equipment Manufacturers
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.