The global Heating Element market size was valued at US$ 9081.9 million in 2023. With growing demand in downstream market, the Heating Element is forecast to a readjusted size of US$ 12660 million by 2030 with a CAGR of 4.9% during review period.
The research report highlights the growth potential of the global Heating Element market. Heating Element are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Heating Element. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Heating Element market.
Heating element is a heating device converts electricity into heat through the process of resistive or Joule heating. Electric current passing through the element encounters resistance, resulting in heating of the element. Unlike the peltier effect, this process is independent of the direction of current flow.
Global core heating element manufacturers include Zoppas Industries, NIBE Industrier AB, Watlow (Tinicum) etc.The top 5 companies hold a share about 25%.Geographically speaking, China holds about 40% of global market share, followed by Europe with about 30% share. In terms of type, tubular heaters segment holds an important share of over 20%. In terms of application, appliances segment accounts for over 30% of the total share.
Key Features:
The report on Heating Element market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Heating Element market. It may include historical data, market segmentation by Type (e.g., Immersion Heaters, Tubular Heaters), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Heating Element market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Heating Element market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Heating Element industry. This include advancements in Heating Element technology, Heating Element new entrants, Heating Element new investment, and other innovations that are shaping the future of Heating Element.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Heating Element market. It includes factors influencing customer ' purchasing decisions, preferences for Heating Element product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Heating Element market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Heating Element market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Heating Element market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Heating Element industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Heating Element market.
Market Segmentation:
Heating Element market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Immersion Heaters
Tubular Heaters
Circulation Heaters
Band Heaters
Strip Heaters
Coil Heaters
Flexible Heaters
Other Types
Segmentation by application
Chemical Industry
Pharmaceutical Industry
Transportation
Appliances
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Zoppas Industries
NIBE Industrier AB
Watlow (Tinicum)
Zhenjiang Dongfang Electric Heating Technology
Hangzhou Heatwell Electric Heating Technology Co., Ltd.
Tutco
Sino-Japan Electric Heater
Headway Electric Heat Components
Thermowatt (Ariston Thermo)
Tempco Electric Heater Corporation
Thermon Group Holdings, Inc.
Spirax-Sarco Engineering plc
Minco Products, Inc.
Tamman
Hotset GmbH
OMEGA(Spectris plc)
Durex Industries
Indeeco
Holroyd Components Ltd.
Wattco
Industrial Heater Corp.
Friedr. Freek GmbH
Key Questions Addressed in this Report
What is the 10-year outlook for the global Heating Element market?
What factors are driving Heating Element market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Heating Element market opportunities vary by end market size?
How does Heating Element break out type, application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Heating Element Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Heating Element by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Heating Element by Country/Region, 2019, 2023 & 2030
2.2 Heating Element Segment by Type
2.2.1 Immersion Heaters
2.2.2 Tubular Heaters
2.2.3 Circulation Heaters
2.2.4 Band Heaters
2.2.5 Strip Heaters
2.2.6 Coil Heaters
2.2.7 Flexible Heaters
2.2.8 Other Types
2.3 Heating Element Sales by Type
2.3.1 Global Heating Element Sales Market Share by Type (2019-2024)
2.3.2 Global Heating Element Revenue and Market Share by Type (2019-2024)
2.3.3 Global Heating Element Sale Price by Type (2019-2024)
2.4 Heating Element Segment by Application
2.4.1 Chemical Industry
2.4.2 Pharmaceutical Industry
2.4.3 Transportation
2.4.4 Appliances
2.4.5 Others
2.5 Heating Element Sales by Application
2.5.1 Global Heating Element Sale Market Share by Application (2019-2024)
2.5.2 Global Heating Element Revenue and Market Share by Application (2019-2024)
2.5.3 Global Heating Element Sale Price by Application (2019-2024)
3 Global Heating Element by Company
3.1 Global Heating Element Breakdown Data by Company
3.1.1 Global Heating Element Annual Sales by Company (2019-2024)
3.1.2 Global Heating Element Sales Market Share by Company (2019-2024)
3.2 Global Heating Element Annual Revenue by Company (2019-2024)
3.2.1 Global Heating Element Revenue by Company (2019-2024)
3.2.2 Global Heating Element Revenue Market Share by Company (2019-2024)
3.3 Global Heating Element Sale Price by Company
3.4 Key Manufacturers Heating Element Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Heating Element Product Location Distribution
3.4.2 Players Heating Element Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Heating Element by Geographic Region
4.1 World Historic Heating Element Market Size by Geographic Region (2019-2024)
4.1.1 Global Heating Element Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Heating Element Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Heating Element Market Size by Country/Region (2019-2024)
4.2.1 Global Heating Element Annual Sales by Country/Region (2019-2024)
4.2.2 Global Heating Element Annual Revenue by Country/Region (2019-2024)
4.3 Americas Heating Element Sales Growth
4.4 APAC Heating Element Sales Growth
4.5 Europe Heating Element Sales Growth
4.6 Middle East & Africa Heating Element Sales Growth
5 Americas
5.1 Americas Heating Element Sales by Country
5.1.1 Americas Heating Element Sales by Country (2019-2024)
5.1.2 Americas Heating Element Revenue by Country (2019-2024)
5.2 Americas Heating Element Sales by Type
5.3 Americas Heating Element Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Heating Element Sales by Region
6.1.1 APAC Heating Element Sales by Region (2019-2024)
6.1.2 APAC Heating Element Revenue by Region (2019-2024)
6.2 APAC Heating Element Sales by Type
6.3 APAC Heating Element Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Heating Element by Country
7.1.1 Europe Heating Element Sales by Country (2019-2024)
7.1.2 Europe Heating Element Revenue by Country (2019-2024)
7.2 Europe Heating Element Sales by Type
7.3 Europe Heating Element Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Heating Element by Country
8.1.1 Middle East & Africa Heating Element Sales by Country (2019-2024)
8.1.2 Middle East & Africa Heating Element Revenue by Country (2019-2024)
8.2 Middle East & Africa Heating Element Sales by Type
8.3 Middle East & Africa Heating Element Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Heating Element
10.3 Manufacturing Process Analysis of Heating Element
10.4 Industry Chain Structure of Heating Element
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Heating Element Distributors
11.3 Heating Element Customer
12 World Forecast Review for Heating Element by Geographic Region
12.1 Global Heating Element Market Size Forecast by Region
12.1.1 Global Heating Element Forecast by Region (2025-2030)
12.1.2 Global Heating Element Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Heating Element Forecast by Type
12.7 Global Heating Element Forecast by Application
13 Key Players Analysis
13.1 Zoppas Industries
13.1.1 Zoppas Industries Company Information
13.1.2 Zoppas Industries Heating Element Product Portfolios and Specifications
13.1.3 Zoppas Industries Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Zoppas Industries Main Business Overview
13.1.5 Zoppas Industries Latest Developments
13.2 NIBE Industrier AB
13.2.1 NIBE Industrier AB Company Information
13.2.2 NIBE Industrier AB Heating Element Product Portfolios and Specifications
13.2.3 NIBE Industrier AB Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 NIBE Industrier AB Main Business Overview
13.2.5 NIBE Industrier AB Latest Developments
13.3 Watlow (Tinicum)
13.3.1 Watlow (Tinicum) Company Information
13.3.2 Watlow (Tinicum) Heating Element Product Portfolios and Specifications
13.3.3 Watlow (Tinicum) Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Watlow (Tinicum) Main Business Overview
13.3.5 Watlow (Tinicum) Latest Developments
13.4 Zhenjiang Dongfang Electric Heating Technology
13.4.1 Zhenjiang Dongfang Electric Heating Technology Company Information
13.4.2 Zhenjiang Dongfang Electric Heating Technology Heating Element Product Portfolios and Specifications
13.4.3 Zhenjiang Dongfang Electric Heating Technology Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Zhenjiang Dongfang Electric Heating Technology Main Business Overview
13.4.5 Zhenjiang Dongfang Electric Heating Technology Latest Developments
13.5 Hangzhou Heatwell Electric Heating Technology Co., Ltd.
13.5.1 Hangzhou Heatwell Electric Heating Technology Co., Ltd. Company Information
13.5.2 Hangzhou Heatwell Electric Heating Technology Co., Ltd. Heating Element Product Portfolios and Specifications
13.5.3 Hangzhou Heatwell Electric Heating Technology Co., Ltd. Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Hangzhou Heatwell Electric Heating Technology Co., Ltd. Main Business Overview
13.5.5 Hangzhou Heatwell Electric Heating Technology Co., Ltd. Latest Developments
13.6 Tutco
13.6.1 Tutco Company Information
13.6.2 Tutco Heating Element Product Portfolios and Specifications
13.6.3 Tutco Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Tutco Main Business Overview
13.6.5 Tutco Latest Developments
13.7 Sino-Japan Electric Heater
13.7.1 Sino-Japan Electric Heater Company Information
13.7.2 Sino-Japan Electric Heater Heating Element Product Portfolios and Specifications
13.7.3 Sino-Japan Electric Heater Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Sino-Japan Electric Heater Main Business Overview
13.7.5 Sino-Japan Electric Heater Latest Developments
13.8 Headway Electric Heat Components
13.8.1 Headway Electric Heat Components Company Information
13.8.2 Headway Electric Heat Components Heating Element Product Portfolios and Specifications
13.8.3 Headway Electric Heat Components Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Headway Electric Heat Components Main Business Overview
13.8.5 Headway Electric Heat Components Latest Developments
13.9 Thermowatt (Ariston Thermo)
13.9.1 Thermowatt (Ariston Thermo) Company Information
13.9.2 Thermowatt (Ariston Thermo) Heating Element Product Portfolios and Specifications
13.9.3 Thermowatt (Ariston Thermo) Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Thermowatt (Ariston Thermo) Main Business Overview
13.9.5 Thermowatt (Ariston Thermo) Latest Developments
13.10 Tempco Electric Heater Corporation
13.10.1 Tempco Electric Heater Corporation Company Information
13.10.2 Tempco Electric Heater Corporation Heating Element Product Portfolios and Specifications
13.10.3 Tempco Electric Heater Corporation Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Tempco Electric Heater Corporation Main Business Overview
13.10.5 Tempco Electric Heater Corporation Latest Developments
13.11 Thermon Group Holdings, Inc.
13.11.1 Thermon Group Holdings, Inc. Company Information
13.11.2 Thermon Group Holdings, Inc. Heating Element Product Portfolios and Specifications
13.11.3 Thermon Group Holdings, Inc. Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Thermon Group Holdings, Inc. Main Business Overview
13.11.5 Thermon Group Holdings, Inc. Latest Developments
13.12 Spirax-Sarco Engineering plc
13.12.1 Spirax-Sarco Engineering plc Company Information
13.12.2 Spirax-Sarco Engineering plc Heating Element Product Portfolios and Specifications
13.12.3 Spirax-Sarco Engineering plc Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Spirax-Sarco Engineering plc Main Business Overview
13.12.5 Spirax-Sarco Engineering plc Latest Developments
13.13 Minco Products, Inc.
13.13.1 Minco Products, Inc. Company Information
13.13.2 Minco Products, Inc. Heating Element Product Portfolios and Specifications
13.13.3 Minco Products, Inc. Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Minco Products, Inc. Main Business Overview
13.13.5 Minco Products, Inc. Latest Developments
13.14 Tamman
13.14.1 Tamman Company Information
13.14.2 Tamman Heating Element Product Portfolios and Specifications
13.14.3 Tamman Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Tamman Main Business Overview
13.14.5 Tamman Latest Developments
13.15 Hotset GmbH
13.15.1 Hotset GmbH Company Information
13.15.2 Hotset GmbH Heating Element Product Portfolios and Specifications
13.15.3 Hotset GmbH Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 Hotset GmbH Main Business Overview
13.15.5 Hotset GmbH Latest Developments
13.16 OMEGA(Spectris plc)
13.16.1 OMEGA(Spectris plc) Company Information
13.16.2 OMEGA(Spectris plc) Heating Element Product Portfolios and Specifications
13.16.3 OMEGA(Spectris plc) Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.16.4 OMEGA(Spectris plc) Main Business Overview
13.16.5 OMEGA(Spectris plc) Latest Developments
13.17 Durex Industries
13.17.1 Durex Industries Company Information
13.17.2 Durex Industries Heating Element Product Portfolios and Specifications
13.17.3 Durex Industries Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.17.4 Durex Industries Main Business Overview
13.17.5 Durex Industries Latest Developments
13.18 Indeeco
13.18.1 Indeeco Company Information
13.18.2 Indeeco Heating Element Product Portfolios and Specifications
13.18.3 Indeeco Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.18.4 Indeeco Main Business Overview
13.18.5 Indeeco Latest Developments
13.19 Holroyd Components Ltd.
13.19.1 Holroyd Components Ltd. Company Information
13.19.2 Holroyd Components Ltd. Heating Element Product Portfolios and Specifications
13.19.3 Holroyd Components Ltd. Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.19.4 Holroyd Components Ltd. Main Business Overview
13.19.5 Holroyd Components Ltd. Latest Developments
13.20 Wattco
13.20.1 Wattco Company Information
13.20.2 Wattco Heating Element Product Portfolios and Specifications
13.20.3 Wattco Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.20.4 Wattco Main Business Overview
13.20.5 Wattco Latest Developments
13.21 Industrial Heater Corp.
13.21.1 Industrial Heater Corp. Company Information
13.21.2 Industrial Heater Corp. Heating Element Product Portfolios and Specifications
13.21.3 Industrial Heater Corp. Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.21.4 Industrial Heater Corp. Main Business Overview
13.21.5 Industrial Heater Corp. Latest Developments
13.22 Friedr. Freek GmbH
13.22.1 Friedr. Freek GmbH Company Information
13.22.2 Friedr. Freek GmbH Heating Element Product Portfolios and Specifications
13.22.3 Friedr. Freek GmbH Heating Element Sales, Revenue, Price and Gross Margin (2019-2024)
13.22.4 Friedr. Freek GmbH Main Business Overview
13.22.5 Friedr. Freek GmbH Latest Developments
14 Research Findings and Conclusion
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*If Applicable.