Electric Industrial Heater Market Size - By Capacity, By Product, By Application, Analysis, Share, Growth Forecast, 2025 - 2034

Electric Industrial Heater Market Size

The global electric industrial heater market was valued at USD 1.4 billion in 2024 and is expected to reach USD 2.6 billion by 2034, growing at a CAGR of 6.3% from 2025 to 2034. The industry’s landscape is likely to change for the better with the increasing focus on sustainable and energy-efficient heating technologies.
 

The adoption of industrial heaters will be increased with the new policies supporting the decarbonization. Stringent energy efficiency regulations accompanied by government incentives will support electrification in the manufacturing sector. These policies will increase the adoption of clean technologies so industries will have to switch from dirty fossil fuels to electric heaters which will help and aid emissions reductions.
 

For illustration, in 2024, the Biden-Harris administration made vital investments into infrastructure and manufacturing focused industries. More than USD 900 million will be allocated towards the modernization of industrial infrastructure towards boosting domestic production and innovation in strategically important sectors.
 

To illustrate, in 2024, Canada rolled out its 2030 Emissions Reduction Plan which aims to cut the emissions by forty percent from 2005 levels by 2030, achieving net-zero emissions by 2050. The plan incorporates the enhancement of clean industrial growth and the creation of sustainable jobs for the future while addressing the impacts of climate change.
 

The growing demand for low-emission heating technologies in line with the increasing use of electric heaters in renewable energy equipment manufacturing will drive the business landscape. Ongoing transition from fossil fuel to electric-powered industrial processes will improve operational efficiency and align global sustainability and decarbonization targets.
 

The rising energy costs and the growing expansion of the food and beverage processing industry, along with a strong focus on energy recovery and thermal storage systems, will drive the business opportunity. These technologies are essential for enhancing energy efficiency, reducing operational expenses, and improving overall performance in energy-intensive applications.
 

Electric Industrial Heater Market Trends

The increase in the need for process precision heating in important industrial sectors will propel the investment into specialized process heaters. Aware of the environmental sustainability and efficiency issues, this will, however, help harness more awareness. These products will supplant others to curtail emissions and enhance productivity owing to the shift towards cleaner and highly controllable heating solutions.
 

The developing product ecosystem which includes smart technologies as well as interconnectivity will transform the market for industrial heaters. Operational productivity will be enhanced through remote monitoring, automated control, and optimization of the systems done remotely. Such capabilities will allow active real-time analysis leading to timely repairs, critical in minimizing machine idle time as well as critical for industries focused on efficiency and dependability.
 

For citation, Ontario spent approximately 1 billion dollars to subsidize the Manufacturing Investment Tax Credit, increasing the credit to 15% while also expanding eligibility in 2025. The investment helps deepen the region's economic moat by countering American tariffs and investing into local manufacturing infrastructure buildout that creates jobs, employing Ontarians’ skills and reinforcing the industrial might.
 

The development of compact and modular heater designs will enhance the adoption of these across industries. The global push for carbon-neutral manufacturing practices and supports electrification goals outlined in national energy plans will collectively fuel the widespread adoption of these heaters in modern industrial operations.
 

Rising expansion of oil and gas processing and refining sectors will augment the product penetration. Additionally, the growing emphasis on energy recovery and thermal storage systems combined with national electrification targets will accelerate industry growth and promote the shift toward more efficient and sustainable heating solutions.
 

For reference, in 2025, the announcement of significant funding focusing on domestic manufacturing, amounting to USD 235 billion, was made together with the unveiling of clean energy incentives by the U.S. federal government. These efforts will augment private investment, achieve energy self-sufficiency, improve technological development, and create a lot of employment opportunities in the country.
 

Electric Industrial Heater Market Analysis

• The electric industrial heater industry was valued at USD 1.2, 1.3 & 1.4 billion in 2022, 2023 and 2024 respectively. Based on capacity, the market is segmented into low, medium and high. The growth in automotive sector along with increased investments in manufacturing sector will accelerate business development and drive market expansion.
   
• The low electric industrial heater market will grow at a CAGR of over 6% till 2034. The rising demand for compact and energy efficient heating solutions will drive market growth. Furthermore, a heightened focus on reducing operating costs and emissions while also replacing conventional fuel powered heaters will enhance growth in this industry.
   
• The market for medium electric industrial heaters was valued at over USD 500 million in 2024. The increasing industrial automation and need for precise heating solutions will drive demand for these heaters. Additionally, the growing requirements of chemical processing and pharmaceuticals industries will propel the industry expansion.
   
• For instance, in 2024, Canada set aside USD 9.2 million for clean tech projects focused on emission reduction and moving towards a net-zero economy. This expenditure under the Energy Innovation Program will promote projects pertaining to carbon capture, clean fuel production, as well as industrial fuel-switching throughout British Columbia.
   
• High electric industrial heater market is expected to reach over USD 800 million by 2034. Strict environmental regulations are promoting the shift toward electric heating to reduce greenhouse gas emissions. Additionally, the growing electrification of large-scale industrial processes will further enhance energy efficiency and operational control.
   

• Based on application, the market is segmented into oil & gas, chemical, food & beverage, manufacturing, automotive and others. For the mentioned applications, electric heaters are favored because they eliminate the threats associated with combustion alongside providing accurate temperature control.
   
• The chemical electric industrial heater market holds a share of 29.3% in 2024. Stringent environmental mandates coupled with advancements in electric heating technologies to improve efficiency and precision will significantly augment the growth prospects of the industry.
   
• For instance, in 2024, Germany was granted a USD 2.4 billion initiative in funding from the European Commission which aims at supporting the decarbonization of Germany's industrial sector. The program is intended to subsidize the funding of capital expenditures in the electrification of industrial processes and the substitution of fossil fuels with renewable hydrogen - aiming at 40% reduction of greenhouse gas emissions from production processes.
   
• Food & beverage electric industrial heater market was valued at over USD 250 million in 2024. The incorporation of new technologies along with advanced heating precision within the sector will enhance compliance with stringent food safety regulations.
   
• The market for manufacturing electric industrial heater is expected to grow at a CAGR of over 6.5% through 2034. Their adoption will be further propelled by the necessity for modernized energy-efficient technologies, and automation. In addition, newer inventions like smart controls will enhance the operational reliability and reduce the downtime of these systems in manufacturing.
   
• The automotive electric industrial heater market holds a share of over 15% in 2024. The adoption of the product in automotive applications will be accelerated by the growing interest in electric vehicles as well as friendly government policies and incentives.
   

• U.S. electric industrial heater market was estimated at USD 176.3, 188.2 & 201 million in 2022, 2023 and 2024 respectively. Growing industrial expansion along with increasing demand for energy-efficient heating solutions and the shift toward electrification of industrial processes will fuel industry growth.
   
• For instance, the U.S. Department of Energy initiated “The National Blueprint for a Clean & Competitive Industrial Sector” in 2024 to advance American manufacturing focusing on innovations and sustainable practices along with pollution mitigation. The initiative is directed toward transforming competitiveness and employment opportunities while decarbonizing and enhancing efficiency in the industrial sector.
   
• North America electric industrial heater market will witness a CAGR of over 6.5% from 2025 to 2034. Advancements in smart controls and IoT integration combined with the expansion of manufacturing and processing industries in the region will fuel the product penetration. Additionally, rising demand for scalable and efficient heating solutions will enhance the industry outlook.
   
• The Asia Pacific electric industrial heater market is set to reach over USD 1.2 billion by 2034. Ongoing technological improvements in the heater industry along with growing expansion of the chemical sector in the region will enhance the product performance and fuel the business landscape.
   
• For reference, in 2025, Japan implemented an all-encompassing climate, energy, and industrial strategy, supported with considerable capital to cut emissions by 60% by 2035 and 73% by 2040. The renewed initiative seeks to achieve 50% renewable energy in Japan’s electricity generation by 2040, further enhancing its decarbonization strategies.
   
• The Europe electric industrial heater market is poised to grow at a CAGR of over 5% till 2034. The adoption of electric heaters will rise due to an increase in investment towards the integration of renewable energy and smart factories. Moreover, the regional adoption of heaters is likely to increase due to stringent environmental policies which favor efficient resource consumption.
   
• For instance, in 2025, France launched a France 2030 program aimed at industrial decarbonization by setting aside USD 435 million. The package will facilitate the development of new projects which focus on the mitigation of greenhouse gases through the overhaul emission of production systems which include the substitution of gas fired boilers with more eco-friendly forms of manufacturing.
   
• The Middle East & Africa electric industrial heater is set to grow at a CAGR of over 5.5% through 2034. Rapid industrialization and growing expansion in infrastructure projects will propel the industry landscape. Furthermore, increased investments in oil & gas and petrochemicals will boost the need for reliable heating technologies.
   
• The Latin America electric industrial heater market is poised to grow on account of government electrification policies and growing focus on clean energy transitions. Additionally, rising industrial safety concerns will accelerate the shift toward combustion free heating technologies reinforcing sustainability goals.
   
• For citation, in 2024, Brazil launched the Nova Indústria policy which aims at industrial power and sustainability until the year 2033. The initiative aims to improve the quality of life, promote technological progress, and strengthen the country's international competitiveness. These strategic goals will be supported by an investment of approximately USD 55 billion by 2026.
   

Electric Industrial Heater Market Share

• The top 5 players including Chromalox, Durex Industries, Warren Electric, Backer Hotwatt and ELMATIC together hold share of about 40% in the electric industrial heater industry. ELMATIC specializes in custom-engineered solutions, including cartridge heaters, band heaters, tubular heaters, and immersion heaters, designed to meet the specific thermal requirements of various processes in industries such as plastics, chemicals, food processing, and metalworking.
   
• Chromalox is one of the key players in the electric industrial heater market, delivering precision heat and control solutions across sectors like oil and gas, chemicals, and power. Its advanced, energy-efficient systems help industries enhance process reliability, reduce energy use, and support sustainability goals through consistent performance and robust thermal technologies.
   
• Durex Industries provides comprehensive electric industrial heating solutions, including custom engineered heaters, sensors, and temperature controls tailored to demanding applications. By leveraging advanced manufacturing and thermal technologies, Durex enables industrial clients to improve heat process efficiency, ensure product quality, and support long-term reliability across sectors.
   

Electric Industrial Heater Market Companies

• Chromalox reported USD 314.2 million in revenue for 2024, reflecting its robust presence in the electric industrial heating market. The company's performance underscores its steady operations, supported by ongoing innovation, strong industrial demand, and strategic alignment with global electrification and decarbonization trends across key application sectors.
   
• In 2024, revenue for Durex Industries reached USD 99.1 million, driven by consistent demand across industrial heating applications and custom-engineered solutions. The company’s performance reflects strong operational execution and target market expansion. Profitability remained stable, supported by a growing customer base and emphasis on precision thermal technologies.
   
• In fiscal year 2024, ELMATIC generated revenues of USD 18.3 million, underscoring leadership in precision electric heating systems. The company maintained a steady performance backed by consistent orders and long-standing client relationships. This growth reflects ELMATIC’s focused market strategy and product specialization.
   

Major players operating in the electric industrial heater industry are:

• Accutherm
• Auzhan Electric Appliances
• Backer Hotwatt
• Chromalox
• Electron Systems
• Dragon Power Electric Co.
• Durex Industries
• ELMATIC
• Elmec Heaters
• ExcelHeaters
• HEATCO
• Heatcon
• Heatrex
• Magma Technologies
• Marathon Heater
• Omega Engineering
• Powrmatic
• Tempco Electric Heater Corporation
• Tutco Frrnam
• Ulanet
• Warren Electric
• Watlow Electric Manufacturing Company
• Wattco
• Winterwarm Heating Solutions
   

Electric Industrial Heater Industry News

• In April 2025, Watlow Electric Manufacturing Company has developed a new facility in Bangalore which strengthens the company's presence in the Indian Industrial sector. The further development complements the company's expansion strategy in South Asia, making its presence felt further in India, alongside its office in Chennai. Watlow also emphasizes its focus on advanced technologies for heating and control, explaining why Bangalore was chosen out of all places for further development, as it has an innovation driven ecosystem.
   
• In September 2024, WATTCO partnering with TUTCO was a significant milestone in expanding our global scope and advancing electric heating technology, which WATTCO proactively initiated. As an established provider of industrial heating solutions, this partnership augments our ability to deliver advanced technologies, assist decarbonization goals, and cover increasing industrial needs globally.
   
• In January 2024, Powermatic has released the EUX unit heater which is a new electric heater that is environment friendly. This heater is especially made for warehouses, factories, garages, workshops, and manufacturing shops. It is economical and helps businesses to make optimum use of energy. The unit provides excellent unrivaled eco-friendly warmth and comfort which is a great feature towards a business going green conveniently.
   
• In May 2023, Warren Electric declared that they have been purchased by the Nudyne Group with the aid of Carter Morse & Goodrich. Nudyne’s acquisition of Warren enhances its specialization in industrial water heating as it incorporates the firm’s prowess in electric immersion heaters. Warren Electric, which augurs optimistically in regard with the Nudyne ownership, expresses confidence regarding the partnership.
   

The electric industrial heater market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Units) from 2021 to 2034, for the following segments:

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Market, By Capacity

• Low
• Medium
• High

Market, By Product

• Pipe heater
• Duct heater
• Cartridge heater
• Immersion heater
• Circulation heater

Market, By Application

• Oil & gas
• Chemical
• Food & beverage
• Manufacturing
• Automotive
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • Netherlands
  • Spain
  • Norway
  • UK
  • Sweden
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Thailand
  • Singapore
  • Malaysia
  • Philippines
  • Vietnam
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Iran
  • Iraq
  • Turkey
  • South Africa
• Latin America
  • Brazil
  • Chile
  • Argentina