Market Overview:
The global band heating coil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for heating coils in various applications, such as HVAC industry, industrial equipment, home application and others. Stainless steel is the most commonly used material for band heating coils due to its properties such as corrosion resistance and high thermal conductivity. Cast aluminum is another popular material used in manufacturing band heating coils, owing to its low weight and good heat dissipation properties. Asia Pacific is expected to be the fastest growing region during the forecast period due to rising demand from countries such as China and India.
Product Definition:
A band heating coil is a type of electrical heating element that is used to heat objects by passing an electric current through it. The band heating coil is made up of a long, narrow strip of metal that is coiled into a spiral shape. When electricity passes through the band heating coil, it produces heat that can be used to warm up objects or liquids.
Stainless Steel:
Stainless steel is a widely used material in the global market for manufacturing heating coils. It has superior properties such as high resistance to corrosion, high strength and ductility, low electrical conductivity and magnetic permeability. These superior characteristics of stainless steel have resulted in its extensive use in cookware, kitchen appliances and other food processing equipment industry over the past few years.
Cast Aluminum:
Cast aluminum is a type of aluminum alloy which is extruded into thin sheets and then rolled to form an hollow, cylindrical shape. The final product has the property of contracting slightly when heated; this contraction enables it to fit easily around the required coil shape. It also offers high electrical resistance for a given thickness and can be easily drawn into any desired shape.
The global band heating coil market size was valued at USD 856 million in 2016.
Application Insights:
The global demand for the product has witnessed a paradigm shift due to rising awareness among consumers. Band heating equipment is widely used in several applications including HVAC industry, industrial equipment, home application and others. In 2017, the HVAC industry accounted for more than 70% of the overall market share owing to its wide scope of application in refrigerators and air conditioners. The growth rate of this segment is expected to be high over the forecast period as it provides cost-effective solutions with enhanced energy efficiency compared to other products available in the market at present time.
Band heaters are widely used across various industries such as food & beverage processing, dairy manufacturing and petrochemical processing plants on account of their compact size allows installation within limited space availability along with low power consumption rates that resultantly boost up their adoption across these industries worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrial, commercial and residential applications. Increasing construction activities due to growing population are also driving the demand for band heating products in this region.
The rising number of manufacturing facilities along with increasing investments from foreign players is anticipated to drive industry expansion over the forecast period. In addition, favorable government policies such as tax benefits on band heaters have encouraged manufacturers across various countries including China, India, Japan and South Korea to set up their production units within these nations thereby boosting regional product sales over the next eight years.
Growth Factors:
- Increasing demand for heating coils in various end-use industries such as automotive, construction, and HVAC is expected to drive the market growth.
- Rising demand for energy-efficient heating coils is another key factor that would fuel the market growth over the forecast period.
- Growing popularity of electric vehicles is anticipated to create new opportunities for band heating coil market in near future.
- Technological advancements in band heating coil technology are likely to boost the demand for these products over the forecast period. 5) Stringent government regulations related to energy conservation are projected to propel the market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Band Heating Coil Market Research Report
By Type
Stainless Steel, Cast Aluminum, Other
By Application
HVAC Industry, Industrial Equipment, Home Application, Others
By Companies
Sandvik Materials Technology, ZI Heating Element Technologies, Escorts Limited, Kawai Electric, Watlow Electric Manufacturing, WATTCO, Tutco, Rama Corp, Marathon Heater, SHANGHAI MINKVON INDUSTRY, Sandvik Materials Technology, Sunrise Products, HC Coils, NTT Heating, JFD Tube & Coil Products
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Band Heating Coil Market Report Segments:
The global Band Heating Coil market is segmented on the basis of:
Types
Stainless Steel, Cast Aluminum, Other
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
HVAC Industry, Industrial Equipment, Home Application, 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:
- Sandvik Materials Technology
- ZI Heating Element Technologies
- Escorts Limited
- Kawai Electric
- Watlow Electric Manufacturing
- WATTCO
- Tutco
- Rama Corp
- Marathon Heater
- SHANGHAI MINKVON INDUSTRY
- Sandvik Materials Technology
- Sunrise Products
- HC Coils
- NTT Heating
- JFD Tube & Coil Products
Highlights of The Band Heating Coil 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:
- Stainless Steel
- Cast Aluminum
- Other
- By Application:
- HVAC Industry
- Industrial Equipment
- Home Application
- 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 Band Heating Coil 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer 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?
A band heating coil is a type of electric heating element that is used in conjunction with an electric blanket or mattress to heat the bed.
Some of the major companies in the band heating coil market are Sandvik Materials Technology, ZI Heating Element Technologies, Escorts Limited, Kawai Electric, Watlow Electric Manufacturing, WATTCO, Tutco, Rama Corp, Marathon Heater, SHANGHAI MINKVON INDUSTRY, Sandvik Materials Technology, Sunrise Products, HC Coils, NTT Heating, JFD Tube & Coil Products.
The band heating coil market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Band Heating Coil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Band Heating Coil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Band Heating Coil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Band Heating Coil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Band Heating Coil Market Size & Forecast, 2018-2028
4.5.1 Band Heating Coil Market Size and Y-o-Y Growth
4.5.2 Band Heating Coil Market Absolute $ Opportunity
Chapter 5 Global Band Heating Coil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Band Heating Coil Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Cast Aluminum
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Band Heating Coil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Band Heating Coil Market Size Forecast by Applications
6.2.1 HVAC Industry
6.2.2 Industrial Equipment
6.2.3 Home Application
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Band Heating Coil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Band Heating Coil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Band Heating Coil Analysis and Forecast
9.1 Introduction
9.2 North America Band Heating Coil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Band Heating Coil Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Cast Aluminum
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Band Heating Coil Market Size Forecast by Applications
9.10.1 HVAC Industry
9.10.2 Industrial Equipment
9.10.3 Home Application
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Band Heating Coil Analysis and Forecast
10.1 Introduction
10.2 Europe Band Heating Coil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Band Heating Coil Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Cast Aluminum
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Band Heating Coil Market Size Forecast by Applications
10.10.1 HVAC Industry
10.10.2 Industrial Equipment
10.10.3 Home Application
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Band Heating Coil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Band Heating Coil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Band Heating Coil Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Cast Aluminum
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Band Heating Coil Market Size Forecast by Applications
11.10.1 HVAC Industry
11.10.2 Industrial Equipment
11.10.3 Home Application
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Band Heating Coil Analysis and Forecast
12.1 Introduction
12.2 Latin America Band Heating Coil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Band Heating Coil Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Cast Aluminum
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Band Heating Coil Market Size Forecast by Applications
12.10.1 HVAC Industry
12.10.2 Industrial Equipment
12.10.3 Home Application
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Band Heating Coil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Band Heating Coil Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Band Heating Coil Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Cast Aluminum
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Band Heating Coil Market Size Forecast by Applications
13.10.1 HVAC Industry
13.10.2 Industrial Equipment
13.10.3 Home Application
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Band Heating Coil Market: Competitive Dashboard
14.2 Global Band Heating Coil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sandvik Materials Technology
14.3.2 ZI Heating Element Technologies
14.3.3 Escorts Limited
14.3.4 Kawai Electric
14.3.5 Watlow Electric Manufacturing
14.3.6 WATTCO
14.3.7 Tutco
14.3.8 Rama Corp
14.3.9 Marathon Heater
14.3.10 SHANGHAI MINKVON INDUSTRY
14.3.11 Sandvik Materials Technology
14.3.12 Sunrise Products
14.3.13 HC Coils
14.3.14 NTT Heating
14.3.15 JFD Tube & Coil Products
