Electric Heating Elements Market Report
The report on the Electric Heating Elements Market is segmented By Type (Immersion Heaters, Tubular Heaters, Circulation Heaters, Band Heaters, Strip Heaters, Coil Heaters, Flexible Heaters, Other), Application (Chemical & Plastics Industry, Pharmaceutical Industry, Transportation, Appliances, Others), and Region. This also covers the COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Electric Heating Elements market. The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026.
The report on the Electric Heating Elements Market is segmented By Type (Immersion Heaters, Tubular Heaters, Circulation Heaters, Band Heaters, Strip Heaters, Coil Heaters, Flexible Heaters, Other), Application (Chemical & Plastics Industry, Pharmaceutical Industry, Transportation, Appliances, Others), and Region. ...
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.
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.
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 operating in the Electric Heating Elements market are-
The rapid growth of the chemicals & plastic and pharmaceuticals industry in developing countries is expected to drive the market growth substantially.
By application, the electric heating elements market has been bifurcated into chemical & plastics industry, pharmaceutical industry, transportation, appliances, and others.
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 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.
Here is the list of the group of customers that the Electric Heating Elements market hopes to have the greatest opportunity to convert-
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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.