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Electric Industrial Heater Market Analysis

  • Report ID: GMI10358
  • Published Date: Jul 2024
  • Report Format: PDF

Electric Industrial Heater Market Analysis

The medium capacity electric industrial heater industry will exceed over USD 900 million by 2032. The growing use of these systems in smaller spaces and for specific localized heating needs will benefit the business landscape. The adoption of digital controls and automation is gaining momentum, which in turn will fuel the product penetration. This advancement enables precise temperature control, programmable settings, and remote monitoring, thereby enhancing operational efficiency.
 

Electric Industrial Heater Market Revenue Share, By Product, 2023

The duct heater electric industrial heater market size will witness growth rate of over 6% through 2032. The rising emphasis on environmental sustainability is pushing industries to adopt electric duct heaters across wide tandem of application areas. The drive for sustainable practices has spurred growing interest in incorporating renewable energy sources into industrial heating systems. This includes the use of solar thermal systems, waste heat recovery solutions and biomass heating. These methods aim to reduce dependence on fossil fuels and lower overall emissions, accelerating the business potential.
 

Asia Pacific Electric Industrial Heater Market Size, 2022 - 2032 (USD Million)

Asia Pacific electric industrial heater market is set to surpass USD 1 billion by 2032. These units are utilized in the chemical industry for distillation processes, which involve separating components of a mixture based on their boiling points, thereby enhancing industry potential. Additionally, the widespread use of these systems to dissolve substances and then control the cooling process to induce crystallization of the desired compound will further augment the business landscape.
 

The flourishing automotive sector coupled with rising investments in the manufacturing sector will invigorate business dynamics. The increasing urbanization rate and growing population rate will boost demand for consumer goods, driving the product deployment. Consequently, this demand has stimulated growth in industries comprising of textiles, plastics, and electronics, all of which rely on specialized heating processes, thereby accelerating the industry growth.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of electric industrial heater was worth over USD 1.32 billion in 2023 and will register 6.5% CAGR between 2024 and 2032, due to increasing industrialization, growing emphasis on energy efficiency and stringent regulatory standards.

The duct heater electric industrial heater market will witness 6% CAGR through 2032, driven by its efficiency in heating ventilation systems across various industries and the expansion of industrial infrastructure and stringent regulations promoting energy-efficient heating solutions.

Asia Pacific electric industrial heater industry will exceed USD 1 billion by 2032, attributed to the region's burgeoning manufacturing sector and expanding industrial infrastructure.

Companies including Auzhan Electric Appliances, Electron Systems, Dragon Power Electric Co., Durex Industries, ELMATIC, HEATCO, Magma Technologies, Marathon Heater, Omega Engineering, Warren Electric, and Watlow Electric Manufacturing Company are operating in the electric industrial heater industry.

Electric Industrial Heater Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 24
  • Tables & Figures: 50
  • Countries covered: 29
  • Pages: 140
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