Industrial Electric Heating Element Market Research, 2032
The Global Industrial Electric Heating Element Market was valued at $2.8 billion in 2023 and is estimated to reach $4.5 billion by 2032, exhibiting a CAGR of 5.3% from 2024 to 2032.
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Market Introduction and Definition
An industrial electric heating element is a device used to generate heat through electrical energy in various industrial processes. These elements convert electrical energy into thermal energy using materials with high electrical resistance, such as nichrome or Kanthal, which heat up when an electric current passes through them. They are integral in applications requiring precise temperature control and consistent heat, such as in manufacturing, chemical processing, food production, and metalworking.
Industrial electric heating elements come in various forms, including rods, tubes, plates, and coils, and are designed to withstand high temperatures and harsh environments. They are chosen based on factors like required temperature, heating efficiency, and durability. Common types include immersion heaters, ceramic band heaters, cartridge heaters, electrical coil heaters and flexible heaters. Their advantages include rapid response times, high efficiency, and the ability to maintain uniform temperatures. These elements are critical in enhancing productivity, ensuring quality, and optimizing energy use in industrial settings.
Key Takeaways
The industrial electric heating element market analysis study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
More than 1,500 product literatures, industry releases, annual reports, and other such documents of major industrial electric heating element industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industrial electric heating element industry report insights.
The study integrated high-quality industrial electric heating element market data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
Key Market Dynamics
The industrial electric heating element industry is growing due to rising demand for energy-efficient heating solutions in industries like chemicals, oil and gas, and automotive. The market is also benefiting from a shift towards renewable energy and strict environmental regulations promoting clean energy alternatives. Technological advancements are improving the efficiency and longevity of electric heating elements, enhancing their appeal.
However, the industrial electric heating element industry faces challenges such as high initial costs and competition from alternative heating technologies, which may hinder adoption. Technical difficulties, such as handling high temperatures and ensuring even heat distribution, also present obstacles.
Despite the challenges, there are many future opportunities. The trend towards automation and IoT integration in industrial applications could lead to the development of smart heating systems, offering better control and energy efficiency. In addition, growing markets in Asia-Pacific and increased investments in global industrial infrastructure are expected to further drive market growth.
Global Industrial Electric Heating Element Market By type Segment Analysis
The industrial electric heating element sector analysis is dominated by immersion heaters, holding a 30.24% share, widely used in heating liquids in tanks and reservoirs across various industries. Tubular heaters follow with a 20.12% share, valued for their versatility and efficient heat distribution in applications like HVAC and chemical processing.
Circulation heaters account for 14.18%, essential in fluid heating processes, especially in the oil & gas sector. Band heaters hold 11.24%, primarily used in plastic molding and extrusion. Strip heaters, at 9.56%, are favored for surface heating in ovens and molds.
electrical coil heaters with 8.43% cater to high-temperature, precision heating needs, while flexible heaters, at 6.23%, serve niche applications requiring custom shapes, like aerospace and medical devices. These segments reflect the diverse industrial needs for tailored heating solutions.
Market Segmentation
The industrial electric heating element market is segmented into type, application, and region. On the basis of type, the market is divided into immersion heaters, tubular heaters, circulation heaters, band heaters, strip heaters, coil heaters and flexible heaters. As per application, the market is segregated into chemical and plastics industry, oil and gas, building construction, pharmaceutical industry, food industry. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America and Middle East & Africa.
Market Segment Outlook
Based on type, the tubular heaters segment held the highest market share for industrial electric heating element market insights in 2023, accounting for one-third of industrial electric heating element market size. Tubular heaters are highly versatile, capable of being bent into various shapes to suit diverse applications. They are robust, enduring harsh industrial conditions, and efficient in heat transfer, making them ideal for both air and liquid heating. Their wide range of uses includes HVAC systems, ovens, dryers, and immersion heating, highlighting their adaptability and effectiveness across multiple industrial environments.
Based on application, the chemical and plastics industry segment held the highest market share in 2023, accounting for more than one-fourth of the industrial electric heating element market share. This industry requires heating elements for various chemical reactions, polymer processing, and temperature control in manufacturing processes.
Regional/Country Market Outlook
The North American industrial electric heating element market forecast is driven by diverse industrial applications across sectors like chemicals, pharmaceuticals, and food processing. North America holds the highest share for industrial electric heating element market size by country. For example, in the chemical industry, companies rely on electric heating elements for precise temperature control in manufacturing processes, ensuring product quality and safety. One prominent industrial electric heating element manufacturer in the region is Watlow Electric Manufacturing Company, known for its innovative heating solutions tailored to industrial needs. They specialize in custom-designed electric heaters that cater to specific industry requirements, enhancing operational efficiency and reliability. In pharmaceuticals, industrial electric heating element manufacturers like Chromalox (a subsidiary of Spirax-Sarco Engineering) provide electric heating solutions for pharmaceutical manufacturing facilities, ensuring compliance with stringent regulatory standards. The technological advancements and regulatory compliance in the region, also driving demand especially for advanced industrial electric heating element for US Market and North America. Companies continue to innovate to meet evolving industry demands, maintaining North America's position as a key market in the global industrial heating elements sector.
In August 2023, Consumer watchdog identified dangerous Industrial electric heating element being sold on major online marketplaces like eBay, Amazon, AliExpress, and Wish. These alarms, which were unbranded and made in China, failed to register potentially lethal levels of CO. A total of 149 listings for these dangerous alarms have been removed from the platforms. One of the devices failed to respond to carbon monoxide in 10 out of 28 tests.
In March 2023, a newlywed couple in Mumbai and another couple in Uttar Pradesh died because of geyser gas leaks. These incidents underscore the critical need for proper maintenance and installation of carbon monoxide detectors in homes.
Competitive Landscape
The major players operating in the industrial electric heating element company list include Watlow Electric Manufacturing Company, Chromalox, Inc., Honeywell International Inc., Thermcraft, Inc., Tempco Electric Heater Corporation, Omega Engineering Inc., NIBE Industrier AB, Durex Industries, Tutco Heating Solutions Group and Indeeco (Industrial Engineering and Equipment Company) . The mentioned companies have prominent share for in terms of industrial electric heating element market share by companies.
Other players in the industrial electric heating element company list include Watlow Gordon, Backer Marathon, Elmatic (Cardiff) Ltd., Heatrod Elements Ltd. and others.
Industry Trends:
In January 2024, residents across Russia endured severe winter heating outages, prompting frustration and urgent calls for restoration. In Podolsk, 149, 000 people were left without heat due to a burst heating main at a private ammunition plant. The outages have hit regions including Moscow and St. Petersburg, with temperatures plunging to -20°C. Authorities blame mismanagement and corruption, leading to arrests and investigations. President Putin ordered emergency measures to restore heat, underscoring Russia's deteriorating infrastructure.
In August 2022, according to Verivox, 30% of German households are considering purchasing electric heaters due to concerns over winter gas supplies, though many underestimate the electricity costs. Recent surveys show 10% have already bought heaters, 11% plan to, and 19% are contemplating the purchase. Despite higher electricity heating costs, two-thirds mistakenly believe it’s cheaper or similar to gas. Experts caution that a surge in electric heater use could jeopardize power grid stability.
In September 2023, President Macron announced plans for France to produce one million heat pumps and train 30, 000 installers by 2027, citing their energy efficiency and lower emissions. In addition, the government will invest €700 million in creating 13 new suburban train lines to promote public transport over private car use. These initiatives aim to enhance France's sovereignty and competitiveness while achieving a 55% reduction in greenhouse gas emissions by 2030.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the industrial electric heating element market segments, current trends, estimations, and dynamics of the market analysis from 2022 to 2032 to identify the prevailing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the industrial electric heating element market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global industrial electric heating element market statistics.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global Industrial electric heating element market trends, key players, market segments, application areas, and market growth strategies.
Industrial Electric Heating Element Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 4.5 Billion |
 Growth Rate | CAGR of 5.3% |
 Forecast period | 2024 - 2032 |
 Report Pages | 220 |
 By Type |
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 By Application |
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 By Region |
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 Key Market Players | Omega Engineering Inc, Chromalox, Inc., Durex Industries, Inc., Watlow Electric Manufacturing Company., Indeeco Corporation., Honeywell International Inc., THERMCRAFT, INC. (AECO Corp.), Tempco Electric Heater Corporation, Tutco Heating Solutions Group, NIBE Industrier AB |
increasing demand for energy-efficient heating solutions, integration of electric heating elements with automation and IoT and ongoing trend toward electrification in industrial processes are the upcoming trends of Industrial Electric Heating Element Market in the globe.
Chemical and plastics industry has the leading application of Industrial Electric Heating Element Market.
North America is the largest regional market for Industrial Electric Heating Element.
The industrial electric heating element market was valued at $2.8 billion in 2023.
Watlow Electric Manufacturing Company, Chromalox, Inc., Honeywell International Inc., Thermcraft, Inc., Tempco Electric Heater Corporation, Omega Engineering Inc., NIBE Industrier AB, Durex Industries, Tutco Heating Solutions Group and Indeeco are the top companies to hold the market share in Industrial Electric Heating Element.
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