Industrial electrical heating element market is anticipated to grow at a CAGR of 3.5% during the forecast period. The surge in demand for electrical heating equipment is a primary factor contributing to the growth of the global market. The demand is increased owing to the various advantages associated with it including temperature-controlled processes and clean heating.Additionally,it is a noise-free device that is easy to operate and economical in terms of installation and running.
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Among the product, the tubular heaters sub-segment is anticipatedto grow at a significant CAGR in the global industrial electrical heating element market. The growing demand for tubular heaters from end-use sectors, such as commercial, industrial and scientific is driving the demand for tubular heaters. Moreover, the growing trend of greenhouse plants to save the environment has increased the demand for heating devices as well as the latest technological advancements in heaters, especially in tabular categories such as U-shape, and S tabular heaters driving the segment growth. For instance, according to the US Environmental Protection Agency (EPA), nearly 27% of greenhouse gas emissions in generated by the transportation sector in 2020, and 24% is generated by the burning of fossil fuels for energy. Hence, owing to the reduction in greenhouse gas emissions and increasing application of tubular heaters in various industries, boost the segment growth during the forecast period.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Industrial Electrical Heating Element Market by Product
- Immersion Heaters
- Tubular Heaters
- Circulation Heaters
Global Industrial Electrical Heating Element Market by Application
- Oil and Gas
- Building Construction
- Pharmaceuticals Industry
- Food Industry
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Chromalox
- Durexindustries
- Freek Gmbh
- Headway Electric Heat PRODUCTts Co.,Ltd.
- Heatact Super Conductive Heat – Tech Co., Ltd.
- Hotset GmbH
- Minco
- Nibe
- Omega Heater
- Tempco Electric Heater Corp.
- Thermowatt S.p.A
- Tutco Heating Solutions Group
- Zhenjiang Dongfang Electric Heating Technology Co.,Ltd.
- Zoppas Industries
The Report Covers
- Market value data analysisof 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global industrial electrical heating element market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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