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Industrial Heater Market Size
Industrial Heater Market size was valued at USD 5.1 billion in 2022 and is expected to grow at a CAGR of more than 5% from 2023 to 2032.
An industrial heater is a device or system designed to generate and provide controlled heat for various industrial processes, applications, and environments. These heaters are used in a wide range of industries to facilitate processes such as heating liquids, gases, air, or solid materials, and to maintain specific temperatures for manufacturing, processing, drying, curing, and more.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 5.3 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 8.2 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 450 |
| Tables, Charts & Figures: | 1,206 |
| Segments covered: | Technology, Capacity, Product, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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COVID– 19 Impact
The emergence of the novel coronavirus in November 2019 in China's Hubei province took the world by surprise and triggered the COVID-19 pandemic, which has had a profound impact on the world economy. According to the World Health Organization (WHO), COVID-19 has affected more than 225 countries, leading the respective governments to implement lockdowns as a response. Consequently, the pandemic has led to a substantial reduction in capital expenditures aimed at industry upgrades and expansions.
Industrial Heater Market Trends
Growing emphasis on energy-efficient and environmentally friendly heating solutions will positively impact the business landscape. Industrial heaters were increasingly incorporating smart technologies and connectivity features. This allowed for remote monitoring, control, and optimization of heating systems, leading to improved efficiency, reduced downtime, and predictive maintenance. Industries requiring precise and consistent heating for manufacturing processes were driving the demand for specialized process heaters.
Industrial Heater Market Analysis
The low capacity industrial heater market size will witness 5.1% growth rate till 2032. Increasing applicability across smaller spaces and for specific localized heating needs will favor the business scenario. The integration of digital controls and automation was gaining traction in the low capacity industrial heater industry. This allowed for precise temperature control, programmable settings, and remote monitoring, enhancing operational efficiency.
The electric technology segment industrial captured around over 20% share of the industrial heater market in 2022. Increasing awareness toward environmental concerns and energy efficiency will fuel the product penetration. The smart heaters with IoT capabilities were being developed to enable remote monitoring, control, and predictive maintenance. These features could help optimize heating processes and reduce downtime.
The duct heater segment is set to surpass USD 3 billion by 2032. The push for sustainable practices led to increased interest in integrating renewable energy sources into industrial heating systems. This could include solar thermal systems, biomass heating, and waste heat recovery solutions. These approaches aimed to reduce reliance on fossil fuels and lower overall emissions.
Based on application, the industrial heater market is segmented as oil & gas, chemical, food & beverage, manufacturing, automotive and others. These units are deployed across chemical industry for distillation processes in the involve separating components of a mixture based on their boiling points, accelerating the industry potential. In addition, wide scale utilization of these systems to dissolve substances and then control the cooling process to induce crystallization of the desired compound will augment the business landscape.
China industrial heater market was worth USD 495.8 million in 2022. Flourishing automotive sector along with increasing investments toward the development of manufacturing sector will energize the business dynamics. Surging urbanization rate in line with rising middle class will drive the demand for consumer goods. This, in turn, spurred growth in industries including textiles, plastics, and electronics, all of which require specialized heating processes, which in turn will escalate the industry growth.
Industrial Heater Market Share
Prominent companies operating in the industrial heater market include
- Tempco Electric Heater Corporation
- Powrmatic
- Chromalox
- Heatrex
- Ulanet
- Durex Industries
- Tutco Frrnam
- Backer Hotwatt
- Accutherm
- Warren Electric
- Marathon Heater
- Omega Engineering
- Elmec Heaters
- Auzhan Electric Appliances
- ELMATIC
- Winterwarm Heating Solutions
- Indeeco
- Electron Systems
- HEATCO
- Magma Technologies
- Heatcon
- ExcelHeaters
- Auzhan Electric Appliances
- Wattco
- Elmatic
- Dragon Power Electric Co.
- Watlow Electric Manufacturing Company
These companies are focusing on marketing strategies, technological advancements, brand recognition and economies of scale to meet the competition prevailing in the industry.
Industrial Heater Industry News
- The different safety standards and regulations comprising of those set by organizations like UL (Underwriters Laboratories) in the U.S. and CE (Conformité Européene) in Europe, ensure that industrial heaters meet safety requirements. These standards often cover electrical safety, fire safety, and other aspects to protect both users and the environment. In addition, these regulations often set limits on emissions of pollutants such as nitrogen oxides (NOx), sulfur dioxide (SO2), and particulate matter to reduce environmental impact.
- Elmatic introduced strip heaters which are widely deployed across a tandem of industrial applications. These systems are characterized by their robust build and versatile utility, making them suitable for industrial heating. They offer an uncomplicated yet efficient method for utilizing surface area to effectively distribute heat.
This industrial heater market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 to 2032, for the following segments:
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By Technology
- Electric
- Oil
- Solid
- Gas
By Capacity
- Low
- Medium
- High
By Product
- Pipe Heater
- Duct Heater
- Cartridge Heater
- Immersion Heater
- Circulation Heater
By Application
- Oil & Gas
- Chemical
- Food & Beverage
- Manufacturing
- Automotive
- Others
The above information has been provided for the following regions and country:
- 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
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