Global Industrial Electric Heating Element Market Growth 2019-2024
This report studies the industrial electric heating element market, a heating element 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.
Currently, there are many manufacturers companies in the world. The main market players are Watlow, Chromalox, Tempco Industrial Electric Heating Element Corporation,,Tutco Heating Solutions Group, Minco, OMEGA, Indeeco, NIBE, Durex Industries, Industrial Heater Corporation, Delta MFG, Wattco so on. United States sales value of Industrial Electric Heating Element is about 1626.86 Million USD in 2017.
There are seven kinds of Electric Heating Element, which are including Immersion Heaters, Tubular Heaters Circulation Heaters, Band Heaters, Strip Heaters, Coil Heaters and Flexible Heaters. Flexible Heaters is important in the Electric Heating Element, with a 38.08% consumption revenue market share nearly in 2017.
According to this study, over the next five years the Industrial Electric Heating Element market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 2190 million by 2024, from US$ 1630 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Industrial Electric Heating Element business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Electric Heating Element market by product type, application, key manufacturers and key regions and countries.
This study considers the Industrial Electric Heating Element value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Chemical & Plastics Industry
Oil & Gas
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Tempco Electric Heating Element Corporation
Tutco Heating Solutions Group
Industrial Heater Corporation
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Industrial Electric Heating Element consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Industrial Electric Heating Element market by identifying its various subsegments.
Focuses on the key global Industrial Electric Heating Element manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Industrial Electric Heating Element with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Industrial Electric Heating Element submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.