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    Electric Heating Elements Market Report

    Electric Heating Elements Market Report
    Report code - SR1156 Delivery - 2 Weeks
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    Electric Heating Elements Market, Trends, Dynamics, Market Analysis
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    Impact of COVID-19 on Electric Heating Elements Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Electric Heating Elements Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Electric Heating Elements market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of around x % during the forecast period.

    Figure: Electric Heating Elements Market Size, 2020-2026 (USD Million)

    Electric-Heating-Elements-Market-Forecast

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    What is Electric heating element?

    Electric heating elements are defined as elements which convert electrical energy into heat through the process of joule heating. These elements contain an electric current which flows through the coil or ribbon or wire and becomes hot. The heaters can be categorized as immersion heaters, tubular heaters, circulation heaters, band heaters, strip heaters, coil heaters, flexible heaters and other.

    Key Players

    Key players operating in the Electric Heating Elements market are-

    • Nibe Industrier (Sweden),
    • Watlow Electric Manufacturing Co. (The U.S),
    • Chromalox, Inc. (The U.S),
    • Dongfang Electric Corporation Limited (China),
    • Friedr. Freek GmbH (Germany),
    • Omega SA (Switzerland),
    • Zoppas Industries S.p.A. (Italy),
    • Thermowatt (Italy),
    • Tutco, Inc. (The U.S),
    • Tempco Electric Heater Corporation (The U.S),
    • Thermon Heating Systems, Inc. (Canada),
    • Headway Electric Heat Components CO., LTD (China),
    • Hotset GmbH (Germany),
    • Minco (The U.S), and
    • Durex Industries (The U.S).

    Market Dynamics

    The rapid growth of the chemicals & plastic and pharmaceuticals industry in developing countries is expected to drive the market growth substantially.

    • The growth of the electric heating elements market is primarily driven by widespread product use in numerous end-use industries including the chemical & plastics industry, pharmaceutical industry, transportation, appliances, and others.
    • In addition to this, rising demand for advanced and high-quality heating elements is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    Segment's Analysis

    Application Trends

    By application, the electric heating elements market has been bifurcated into chemical & plastics industry, pharmaceutical industry, transportation, appliances, and others.

    • Under these, the chemicals & plastics segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.
    • The market growth can be attributed to significant industry growth, particularly in developing countries.

    Regional Trends

    By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period.

    • The regional growth can be attributed to expanding growth of the end-use industries coupled with easy availability of raw material and labor, particularly in China and India.
    • The market growth in developed regions is expected to be driven by increasing demand for high-quality and advanced heaters.

    COVID-19 Impact on Electric Heating Elements Market

    The covid-19 outbreak posed significant challenges on the industrial sector across geographies. It impacted the growth of the electric heating elements market negatively as imposition of lockdown and trade restrictions affected the product supply and demand amid pandemic.

    Critical Questions Answered in the Report

    • What are the key trends in the Electric Heating Elements market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the Electric Heating Elements market?
    • What are the key strategies adopted by the major vendors to lead in the global Electric Heating Elements market?
    • What is the market share of the top vendors?

    Target Audience

    Here is the list of the group of customers that the Electric Heating Elements market hopes to have the greatest opportunity to convert-

    • Electric heating elements distributors
    • Electric heating elements suppliers
    • Electric heating elements manufacturers
    • Logistics organizations
    • Government bodies

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    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    Rapid growth of the chemicals & plastic and pharmaceuticals industry in developing countries, widespread product use in numerous end-use industries are the factors driving the growth of electric heating elements market.

    Nibe Industrier (Sweden), Watlow Electric Manufacturing Co. (The U.S), Chromalox, Inc. (The U.S), Dongfang Electric Corporation Limited (China), Friedr. Freek GmbH (Germany), Omega SA (Switzerland), Zoppas Industries S.p.A. (Italy), Thermowatt (Italy), Tutco, Inc. (The U.S), Tempco Electric Heater Corporation (The U.S), Thermon Heating Systems, Inc. (Canada), Headway Electric Heat Components CO., LTD (China), Hotset GmbH (Germany), Minco (The U.S) and Durex Industries (The U.S) are among the key players in the electric heating elements market.

    The chemicals & plastics segment accounted for the largest market share in 2020 and is projected to register significant growth.

    Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR.

    Electric heating elements distributors, Electric heating elements suppliers, Electric heating elements manufacturers, Logistics organizations, Government bodies are the target audience in the electric heating elements market.

    •