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Electric Industrial Heater Market Size

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

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Electric Industrial Heater Market Size

Electric Industrial Heater Market was valued at USD 1.32 billion in 2023 and is estimated to grow at a CAGR of over 6.5% from 2024 to 2032. The increasing focus on energy-efficient and environmentally friendly heating solutions will have a positive impact on the business landscape.

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Electric industrial heaters are essential components in various industrial applications, offering precise and consistent heating solutions. These heaters are highly efficient, converting almost all the electrical energy they consume into heat, making them an eco-friendly option compared to traditional fuel-based heaters. The integration of smart technologies and connectivity features in modern electric industrial heaters allows for remote monitoring, control, and optimization, leading to improved operational efficiency, reduced downtime, and predictive maintenance.

Electric Industrial Heater Market Report Attributes
Report Attribute	Details
Base Year:	2023
Electric Industrial Heater Market Size in 2023:	USD 1.32 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.5%
2032 Value Projection:	USD 2.32 Billion
Historical Data for:	2021 to 2023
No. of Pages:	140
Tables, Charts & Figures:	50
Segments covered:	Capacity, Product, Application & Region
Growth Drivers:	Increasing investments toward the development of manufacturing sector Stringent government regulations related to emissions Integration of renewable energy sources
Pitfalls & Challenges:	High initial investment

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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.