Market Overview:
The global electric immersion heater market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for electric immersion heaters in various applications, such as chemical & plastics industry, pharmaceutical industry, transportation, appliances and others. Additionally, the growing industrialization and urbanization are also propelling the growth of this market. Based on type, screw plug immersion heaters are expected to hold a major share of the global electric immersion heater market during the forecast period from 2018 to 2030. This can be attributed to their easy installation and low maintenance requirements as compared with other types of electric immersion heaters.
Product Definition:
An electric immersion heater is a device that converts electrical energy into heat, which is then transferred to a liquid or gas. Immersion heaters are often used in industrial applications to heat liquids or gases, but they can also be used for residential purposes, such as heating water.
Immersion Heaters:
Immersion heaters are used to raise the temperature of an object by bringing it into contact with hot water. Immersion heaters can be categorized as direct-fired, indirect-fired, and electric immersion heaters. The most common application of immersion heaters is in heating swimming pools and spas.
Screw Plug Immersion Heaters:
Screw plug immersion heaters are used in electric immersion heaters to maintain the temperature of water at a desired level. These devices can be either manual or automatic and are widely used in swimming pools, spas, hot tubs as well as other water treatment applications.
The screw plug is an important part of the heating system and its failure may cause damage to the pool equipment or even result in electrocution.
Application Insights:
The chemical and plastics industry was the dominant segment in terms of demand with a share of 29.3% in 2017. Electric immersion heaters are used for processing, melting, and extrusion of various materials such as plastic, rubber, polyurethane (PU), polycarbonate (PC), glass fiber reinforced polymer (GFRP) & aramid fiber reinforced plastic (AFRP). The application is expected to witness growth due to rising product demand from various industries including automotive & transportation which is further anticipated to drive the global electric immersion heater market over the forecast period.
Pharmaceutical industry was one of the significant segments that accounted for a share in Asia Pacific region owing to increasing product adoption across pharmaceutical manufacturing facilities globally. Electric Immersion Heaters are used for numerous applications such as sterilization process heating equipment at pharmaceutical plants along with other applications such as autoclaving equipment at hospitals and clinics which is also expected drive market growth over next seven years globally.
Regional Analysis:
Asia Pacific held the largest market share of over 40% in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for electric immersion heaters from various end-use industries, such as chemical and petrochemical, pharmaceuticals, food processing & packaging, and transportation.
The presence of a large number of manufacturers coupled with developing infrastructure in Asia Pacific is anticipated to boost product demand in this region. In addition, rising awareness regarding health & safety standards among workers coupled with stringent regulations by OSHA and other regulatory bodies are expected to drive product adoption across North America during the forecast period.
Growth Factors:
- Increasing demand from the end-use industries: The electric immersion heater market is witnessing an increase in demand from the end-use industries, owing to the growing need for heating and cooling applications.
- Technological advancements: The electric immersion heater market is witnessing technological advancements, which is resulting in the development of new and innovative products. This is helping to boost the growth of this market.
- Rising awareness about energy efficiency: There is a rising awareness among consumers about energy efficiency, which is leading them to adopt energy-efficient electric immersion heaters. This is aiding in the growth of this market.
- Growing popularity of smart homes: The popularity of smart homes has been increasing over the past few years, owing to their ability to save energy and provide enhanced comfort levels for users These factors are aiding in drivingthe growth oftheelectricimmersionheatermarketoverthe forecast period . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Immersion Heater Market Research Report
By Type
Immersion Heaters, Screw Plug Immersion Heaters, Flanged Immersion Heaters, Over-the Side Immersion Heaters, Others
By Application
Chemical & Plastics Industry, Pharmaceutical Industry, Transportation, Appliances, Others
By Companies
NIBE, Watlow, Chromalox, Zhenjiang Dongfang Electric Heating Technology Co.,Ltd, Friedr. Freek GmbH, OMEGA, Zoppas Industries, Thermowatt, Tutco Heating Solutions Group, Tempco Electric Heating Element Corporation, CCI Thermal Technologies, Headway Electric Heat Components CO.,LTD, Hotset GmbH, Minco, Durex Industries, Holroyd Components Ltd, Honeywell, Thermal Corporation, Winkler GmbH, Industrial Heater Corporation, Delta MFG, Wattco, Heatrex, Phillips & Temro Industries, Warren Electric Industrial Electric Heaters, Cetal, Thermal Transfer Systems, Inc., CIRCOR
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Electric Immersion Heater Market Report Segments:
The global Electric Immersion Heater market is segmented on the basis of:
Types
Immersion Heaters, Screw Plug Immersion Heaters, Flanged Immersion Heaters, Over-the Side Immersion Heaters, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical & Plastics Industry, Pharmaceutical Industry, Transportation, Appliances, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NIBE
- Watlow
- Chromalox
- Zhenjiang Dongfang Electric Heating Technology Co.,Ltd
- Friedr. Freek GmbH
- OMEGA
- Zoppas Industries
- Thermowatt
- Tutco Heating Solutions Group
- Tempco Electric Heating Element Corporation
- CCI Thermal Technologies
- Headway Electric Heat Components CO.,LTD
- Hotset GmbH
- Minco
- Durex Industries
- Holroyd Components Ltd
- Honeywell
- Thermal Corporation
- Winkler GmbH
- Industrial Heater Corporation
- Delta MFG
- Wattco
- Heatrex
- Phillips & Temro Industries
- Warren Electric Industrial Electric Heaters
- Cetal
- Thermal Transfer Systems, Inc.
- CIRCOR
Highlights of The Electric Immersion Heater Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Immersion Heaters
- Screw Plug Immersion Heaters
- Flanged Immersion Heaters
- Over-the Side Immersion Heaters
- Others
- By Application:
- Chemical & Plastics Industry
- Pharmaceutical Industry
- Transportation
- Appliances
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Immersion Heater Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric immersion heater is a small, portable appliance that uses electricity to heat water. It is often used in place of a stovetop or oven to heat water for cooking or bathing.
Some of the key players operating in the electric immersion heater market are NIBE, Watlow, Chromalox, Zhenjiang Dongfang Electric Heating Technology Co.,Ltd, Friedr. Freek GmbH, OMEGA, Zoppas Industries, Thermowatt, Tutco Heating Solutions Group, Tempco Electric Heating Element Corporation, CCI Thermal Technologies, Headway Electric Heat Components CO.,LTD, Hotset GmbH, Minco, Durex Industries, Holroyd Components Ltd, Honeywell, Thermal Corporation, Winkler GmbH, Industrial Heater Corporation, Delta MFG, Wattco, Heatrex, Phillips & Temro Industries, Warren Electric Industrial Electric Heaters, Cetal, Thermal Transfer Systems, Inc., CIRCOR.
The electric immersion heater market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Immersion Heater Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Immersion Heater Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Immersion Heater Market - Supply Chain
4.5. Global Electric Immersion Heater Market Forecast
4.5.1. Electric Immersion Heater Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Immersion Heater Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Immersion Heater Market Absolute $ Opportunity
5. Global Electric Immersion Heater Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Immersion Heater Market Size and Volume Forecast by Type
5.3.1. Immersion Heaters
5.3.2. Screw Plug Immersion Heaters
5.3.3. Flanged Immersion Heaters
5.3.4. Over-the Side Immersion Heaters
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Immersion Heater Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Immersion Heater Market Size and Volume Forecast by Application
6.3.1. Chemical & Plastics Industry
6.3.2. Pharmaceutical Industry
6.3.3. Transportation
6.3.4. Appliances
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Immersion Heater Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Immersion Heater Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Immersion Heater Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Immersion Heater Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Immersion Heater Demand Share Forecast, 2019-2029
9. North America Electric Immersion Heater Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Immersion Heater Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Immersion Heater Market Size and Volume Forecast by Application
9.4.1. Chemical & Plastics Industry
9.4.2. Pharmaceutical Industry
9.4.3. Transportation
9.4.4. Appliances
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Immersion Heater Market Size and Volume Forecast by Type
9.7.1. Immersion Heaters
9.7.2. Screw Plug Immersion Heaters
9.7.3. Flanged Immersion Heaters
9.7.4. Over-the Side Immersion Heaters
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Immersion Heater Demand Share Forecast, 2019-2029
10. Latin America Electric Immersion Heater Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Immersion Heater Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Immersion Heater Market Size and Volume Forecast by Application
10.4.1. Chemical & Plastics Industry
10.4.2. Pharmaceutical Industry
10.4.3. Transportation
10.4.4. Appliances
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Immersion Heater Market Size and Volume Forecast by Type
10.7.1. Immersion Heaters
10.7.2. Screw Plug Immersion Heaters
10.7.3. Flanged Immersion Heaters
10.7.4. Over-the Side Immersion Heaters
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Immersion Heater Demand Share Forecast, 2019-2029
11. Europe Electric Immersion Heater Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Immersion Heater Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Immersion Heater Market Size and Volume Forecast by Application
11.4.1. Chemical & Plastics Industry
11.4.2. Pharmaceutical Industry
11.4.3. Transportation
11.4.4. Appliances
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Immersion Heater Market Size and Volume Forecast by Type
11.7.1. Immersion Heaters
11.7.2. Screw Plug Immersion Heaters
11.7.3. Flanged Immersion Heaters
11.7.4. Over-the Side Immersion Heaters
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Immersion Heater Demand Share, 2019-2029
12. Asia Pacific Electric Immersion Heater Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Immersion Heater Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Immersion Heater Market Size and Volume Forecast by Application
12.4.1. Chemical & Plastics Industry
12.4.2. Pharmaceutical Industry
12.4.3. Transportation
12.4.4. Appliances
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Immersion Heater Market Size and Volume Forecast by Type
12.7.1. Immersion Heaters
12.7.2. Screw Plug Immersion Heaters
12.7.3. Flanged Immersion Heaters
12.7.4. Over-the Side Immersion Heaters
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Immersion Heater Demand Share, 2019-2029
13. Middle East & Africa Electric Immersion Heater Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Immersion Heater Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Immersion Heater Market Size and Volume Forecast by Application
13.4.1. Chemical & Plastics Industry
13.4.2. Pharmaceutical Industry
13.4.3. Transportation
13.4.4. Appliances
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Immersion Heater Market Size and Volume Forecast by Type
13.7.1. Immersion Heaters
13.7.2. Screw Plug Immersion Heaters
13.7.3. Flanged Immersion Heaters
13.7.4. Over-the Side Immersion Heaters
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Immersion Heater Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Electric Immersion Heater Market: Market Share Analysis
14.2. Electric Immersion Heater Distributors and Customers
14.3. Electric Immersion Heater Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NIBE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Watlow
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Chromalox
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zhenjiang Dongfang Electric Heating Technology Co.,Ltd
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Friedr. Freek GmbH
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. OMEGA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Zoppas Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Thermowatt
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tutco Heating Solutions Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tempco Electric Heating Element Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CCI Thermal Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Headway Electric Heat Components CO.,LTD
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hotset GmbH
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Minco
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Durex Industries
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Holroyd Components Ltd
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Honeywell
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Thermal Corporation
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Winkler GmbH
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Industrial Heater Corporation
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
