Market Overview:
The global electric process heaters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric process heaters from various end-use industries, such as gas, liquid, and others. In addition, the growing demand for energy-efficient electric process heaters is also contributing to the growth of this market.
Product Definition:
Electric process heaters are devices that use electricity to produce heat. They are used to heat liquids, gases, and solids. Electric process heaters can be used in a variety of industries, including the chemical, food processing, and metalworking industries.
Cartridge Electric Process Heaters:
Cartridge electric process heaters are used to heat the liquid or fluid in which the product is processed. The heating takes place within a cartridge that contains an electrical heating coil and a replaceable fuse. These cartridges can be replaced easily, thereby making them reliable for continuous operation.
Strip Electric Process Heaters:
Strip electric process heaters are used to heat a liquid or a solid-based solution. It is an easy and cost-effective way to heating solutions that do not require air, i.e., they operate through the surface of the liquid/solid itself. They can be utilized in numerous applications including chemical processing, pharmaceuticals manufacturing, food & beverage processing and others.
Application Insights:
The gas application segment led the global electric process heaters market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to its rising use in petrochemical plants, power generation and other industrial applications. Rising demand for natural gas as an energy source is also expected to have a positive impact on the growth of this application segment over the next few years.
Liquid application segment was valued at USD 1,200.0 million in 2017.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of small-scale manufacturers, most of which are located in China. These manufacturers have been adopting various advanced manufacturing technologies such as automation, digitalization, and 3D printing to cope up with increasing demand from end-users. This factor is projected to propel regional growth over the next eight years.
The growing industrialization across emerging economies such as India and China has resulted in an increased adoption of electric process heaters for various applications including chemical processing units (CPUs), refineries, petrochemical plants etc., thereby propelling market growth across Asia Pacific region during the forecast period.
Europe accounted for more than 25% share of global revenue in 2017 owing to high product penetration by major application industries such as food & beverage (32%), pharmaceuticals (28%) and chemicals & petrochemicals (27%).
Growth Factors:
- Increasing demand for electric process heaters from the end-use industries, owing to the growing need for heating and drying applications in various industrial processes
- Rising demand for energy-efficient electric process heaters across different industrial sectors
- Growing investments in research and development activities by leading players to develop advanced electric process heaters products
- Proliferation of new technologies that offer enhanced performance and energy efficiency of electric process heaters
- Increasing adoption of eco-friendly electric process heater solutions across different industrial sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Process Heaters Market Research Report
By Type
Cartridge Electric Process Heaters, Strip Electric Process Heaters, Tubular Electric Process Heaters, Others
By Application
Gas, Liquid, Others
By Companies
Sigma Thermal, Wattco, HEAT EXCHANGE AND TRANSFER, Heatec Inc, Valax Systems Inc, Integrated Flow Solutions, LLC, GBH Enterprises, Ltd., Wechsler Technologies, Gaumer Process, Hampton Controls, Sigma Thermal
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Electric Process Heaters Market Report Segments:
The global Electric Process Heaters market is segmented on the basis of:
Types
Cartridge Electric Process Heaters, Strip Electric Process Heaters, Tubular Electric Process 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
Gas, Liquid, 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:
- Sigma Thermal
- Wattco
- HEAT EXCHANGE AND TRANSFER
- Heatec Inc
- Valax Systems Inc
- Integrated Flow Solutions, LLC
- GBH Enterprises, Ltd.
- Wechsler Technologies
- Gaumer Process
- Hampton Controls
- Sigma Thermal
Highlights of The Electric Process Heaters 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:
- Cartridge Electric Process Heaters
- Strip Electric Process Heaters
- Tubular Electric Process Heaters
- Others
- By Application:
- Gas
- Liquid
- 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 Process Heaters 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
- Identifying Appropriate Advertising Appeals
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?
Electric process heaters are used to increase the temperature of a liquid or gas by using an electric current. This type of heater is often used in industrial processes, such as manufacturing and chemical processing.
Some of the major players in the electric process heaters market are Sigma Thermal, Wattco, HEAT EXCHANGE AND TRANSFER, Heatec Inc, Valax Systems Inc, Integrated Flow Solutions, LLC, GBH Enterprises, Ltd., Wechsler Technologies, Gaumer Process, Hampton Controls, Sigma Thermal.
The electric process heaters market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Process Heaters 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 Electric Process Heaters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Process Heaters 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 Electric Process Heaters 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 Electric Process Heaters Market Size & Forecast, 2018-2028
4.5.1 Electric Process Heaters Market Size and Y-o-Y Growth
4.5.2 Electric Process Heaters Market Absolute $ Opportunity
Chapter 5 Global Electric Process Heaters 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 Electric Process Heaters Market Size Forecast by Type
5.2.1 Cartridge Electric Process Heaters
5.2.2 Strip Electric Process Heaters
5.2.3 Tubular Electric Process Heaters
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Process Heaters 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 Electric Process Heaters Market Size Forecast by Applications
6.2.1 Gas
6.2.2 Liquid
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Process Heaters 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 Electric Process Heaters 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 Electric Process Heaters Analysis and Forecast
9.1 Introduction
9.2 North America Electric Process Heaters 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 Electric Process Heaters Market Size Forecast by Type
9.6.1 Cartridge Electric Process Heaters
9.6.2 Strip Electric Process Heaters
9.6.3 Tubular Electric Process Heaters
9.6.4 Others
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 Electric Process Heaters Market Size Forecast by Applications
9.10.1 Gas
9.10.2 Liquid
9.10.3 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 Electric Process Heaters Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Process Heaters 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 Electric Process Heaters Market Size Forecast by Type
10.6.1 Cartridge Electric Process Heaters
10.6.2 Strip Electric Process Heaters
10.6.3 Tubular Electric Process Heaters
10.6.4 Others
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 Electric Process Heaters Market Size Forecast by Applications
10.10.1 Gas
10.10.2 Liquid
10.10.3 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 Electric Process Heaters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Process Heaters 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 Electric Process Heaters Market Size Forecast by Type
11.6.1 Cartridge Electric Process Heaters
11.6.2 Strip Electric Process Heaters
11.6.3 Tubular Electric Process Heaters
11.6.4 Others
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 Electric Process Heaters Market Size Forecast by Applications
11.10.1 Gas
11.10.2 Liquid
11.10.3 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 Electric Process Heaters Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Process Heaters 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 Electric Process Heaters Market Size Forecast by Type
12.6.1 Cartridge Electric Process Heaters
12.6.2 Strip Electric Process Heaters
12.6.3 Tubular Electric Process Heaters
12.6.4 Others
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 Electric Process Heaters Market Size Forecast by Applications
12.10.1 Gas
12.10.2 Liquid
12.10.3 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) Electric Process Heaters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Process Heaters 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) Electric Process Heaters Market Size Forecast by Type
13.6.1 Cartridge Electric Process Heaters
13.6.2 Strip Electric Process Heaters
13.6.3 Tubular Electric Process Heaters
13.6.4 Others
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) Electric Process Heaters Market Size Forecast by Applications
13.10.1 Gas
13.10.2 Liquid
13.10.3 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 Electric Process Heaters Market: Competitive Dashboard
14.2 Global Electric Process Heaters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sigma Thermal
14.3.2 Wattco
14.3.3 HEAT EXCHANGE AND TRANSFER
14.3.4 Heatec Inc
14.3.5 Valax Systems Inc
14.3.6 Integrated Flow Solutions, LLC
14.3.7 GBH Enterprises, Ltd.
14.3.8 Wechsler Technologies
14.3.9 Gaumer Process
14.3.10 Hampton Controls
14.3.11 Sigma Thermal
