Report overview
Heating element is a heating device converts electricity into heat through the process of resistive or Joule heating. Electric current passing through the element encounters resistance, resulting in heating of the element. Unlike the peltier effect, this process is independent of the direction of current flow.
This report contains market size and forecasts of Heating Element in global, including the following market information:
Global Heating Element Market Revenue, 2018-2023, 2023-2030, ($ millions)
Global Heating Element Market Sales, 2018-2023, 2023-2030, (M Units)
Global top five Heating Element companies in 2022 (%)
The global Heating Element market was valued at 9552.6 million in 2022 and is projected to reach US$ 12990 million by 2030, at a CAGR of 4.5% during the forecast period 2023-2030.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million by 2030.
Immersion Heaters Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Heating Element include Zoppas Industries, NIBE Industrier AB, Watlow (Tinicum), Zhenjiang Dongfang Electric Heating Technology, Hangzhou Heatwell Electric Heating Technology Co., Ltd., Tutco, Sino-Japan Electric Heater, Headway Electric Heat Components and Thermowatt (Ariston Thermo), etc. In 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Heating Element manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Heating Element Market, by Type, 2018-2023, 2023-2030 ($ Millions) & (M Units)
Global Heating Element Market Segment Percentages, by Type, 2022 (%)
Immersion Heaters
Tubular Heaters
Circulation Heaters
Band Heaters
Strip Heaters
Coil Heaters
Flexible Heaters
Other Types
Global Heating Element Market, by Application, 2018-2023, 2023-2030 ($ Millions) & (M Units)
Global Heating Element Market Segment Percentages, by Application, 2022 (%)
Chemical Industry
Pharmaceutical Industry
Transportation
Appliances
Others
Global Heating Element Market, By Region and Country, 2018-2023, 2023-2030 ($ Millions) & (M Units)
Global Heating Element Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Heating Element revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Heating Element revenues share in global market, 2022 (%)
Key companies Heating Element sales in global market, 2018-2023 (Estimated), (M Units)
Key companies Heating Element sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Zoppas Industries
NIBE Industrier AB
Watlow (Tinicum)
Zhenjiang Dongfang Electric Heating Technology
Hangzhou Heatwell Electric Heating Technology Co., Ltd.
Tutco
Sino-Japan Electric Heater
Headway Electric Heat Components
Thermowatt (Ariston Thermo)
Tempco Electric Heater Corporation
Thermon Group Holdings, Inc.
Spirax-Sarco Engineering plc
Minco Products, Inc.
Tamman
Hotset GmbH
OMEGA(Spectris plc)
Durex Industries
Indeeco
Holroyd Components Ltd.
Wattco
Industrial Heater Corp.
Friedr. Freek GmbH
