Global Industrial Heaters Market | Trends, New Opportunities and Forecast 2027

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Industrial Heaters Market Overview:

The purpose of this report is to provide a thorough examination of the Industrial Heaters market by segments and geographics. The study goes into great detail on the primary factors influencing the Industrial Heaters market's growth. The study also offers a comprehensive analysis of the market's value chain.

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Global Industrial Heaters Market was valued at US$ 1742.20 Mn. in 2021 and it is expected to reach US$ 2230 Mn. by 2027 at a CAGR of 4.2% during the forecast period.

Market Scope:

Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.

Drivers:

The main demand drivers for the market are the rising demand for energy consumption across the manufacturing, oil and gas, and other sectors, as well as the demand for energy efficiency in the same due to pricing issues. In terms of industrial manufacturing and process energy engineering, industrial heaters accounted for roughly 74% of the total, according to the International Heavy Equipment Manufacturers Association. Additionally, a variety of process and equipment engineering, as well as the simplification of material conversion, are fueling global product demand.

The primary demand generator for the market is the industrial heaters' high accessibility and low price range. Additionally, it is believed that industrial heaters' ability to use less energy is what is driving consumer demand for the product.

Segmentation:

Due to the compactness of circulation heating for gases and fluids, which is thought to be ideal for applications of supercritical fluids, de-ionized water circulation, and inert gas circulation across semiconductor, electrical, and electronics industries as well as general heating applications, the circulation heaters market had a value of 700 million USD in 2019. The primary demand generator for the market segment is the growing use of heat exchanging mechanisms in pulp and paper, oil and gas purification, and other industries.

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Key Players:

The major players covered in the Industrial Heaters market report are

• Wattco
• Powermatic Ltd.
• Excel Heaters
• Elmatic Ltd.
• Watlow Electric Manufacturing Co.
• Winterwarm
• Dragon Power Electric Co. Ltd.
• Vijay Heat Industries
• Auzhan Electric Appliances
• Kantilal Chunilal and Sons Ltd.
• Ingersoll Rand PLC
• Uponor Corporation
• Honeywell international, Inc.
• Schneider Electric
• Johnson Controls
• Emerson Electric Co.
• Nortek, Inc.
• Siemens AG
• Lennox

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Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on Industrial Heaters Market:

Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Industrial Heaters market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Industrial Heaters industry,

Key Questions Answered in the Industrial Heaters Market Report are:

Which segment grabbed the largest share in the Industrial Heaters market?
What was the competitive scenario of the Industrial Heaters market in 2021?
Which are the key factors responsible for the Industrial Heaters market growth?
Which region held the maximum share in the Industrial Heaters market in 2021?
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