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 aims to provide a comprehensive presentation of the global market for Heating Element, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Heating Element. This report contains market size and forecasts of Heating Element in global, including the following market information:
Global Heating Element Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Heating Element Market Sales, 2018-2023, 2024-2029, (M Units)
Global top five Heating Element companies in 2022 (%)
The global Heating Element market was valued at US$ 9552.6 million in 2022 and is projected to reach US$ 12990 million by 2029, at a CAGR of 4.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global core heating element manufacturers include Zoppas Industries, NIBE Industrier AB, Watlow (Tinicum) etc.The top 5 companies hold a share about 25%.Geographically speaking, China holds about 40% of global market share, followed by Europe with about 30% share. In terms of type, tubular heaters segment holds an important share of over 20%. In terms of application, appliances segment accounts for over 30% of the total share.
We 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, 2024-2029 ($ 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, 2024-2029 ($ 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, 2024-2029 ($ 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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Heating Element, market overview.
Chapter 2: Global Heating Element market size in revenue and volume.
Chapter 3: Detailed analysis of Heating Element manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Heating Element in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Heating Element capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
