Market Overview:
The Global Heating Circle 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 heating circles in various applications such as heat treatment, thermoforming, welding, metal melting and others. In terms of type, the stainless steel ceramic heating circle segment is projected to hold the largest share of the global market during the forecast period. This can be attributed to its properties such as high thermal conductivity and resistance to corrosion and abrasion.
Product Definition:
A heating circle is a group of people who gather together to share in the raising of energy and to create a warm, supportive environment. The importance of a heating circle is that it provides a space for people to come together and share in their common goal of raising energy.
Stainless Steel Ceramic Heating Circle:
Stainless steel ceramic heating circle is a combination of two materials, one is the metal stainless steel and other is the ceramic material. The mixture of these two materials produces heat energy which can be used for various applications. Ceramic material has low thermal conductivity compared to metals such as silver, gold and copper; but it has high thermal capacity than them. This property helps in saving energy by maintaining temperature even after there's no physical contact with the object.
Stainless Steel Mica Electric Heating Circle:
Stainless steel mica electric heating circle is a special ceramic material which has small particles of stainless steel embedded in it. The material is used as an insulator in high-temperature applications and acts as a heat conductor. It also provides fire resistance properties to the materials with which it comes into contact.
The stainless steel mica electric heating circle market size was valued at USD 3,37 million in 2015.
Application Insights:
The other application segment includes cold treatment, thermoforming, welding and metal melting. In 2017, the welding segment dominated the global heating circle market with a share of over 60% in terms of revenue. The growth can be attributed to increasing demand for steel from various industries such as automotive and construction.
In terms of revenue, the heat treatment segment is anticipated to witness significant growth during the forecast period owing to its rising adoption in various end-use industries including aerospace and defense. Stainless steel mica electric heating circle is one of the most widely used products for heat treatment applications due to its properties such as high efficiency at low temperatures along with ease of maintenance and operation at high temperature range. Increasing production levels coupled with growing demand from major industry players are expected to drive product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global heating circle market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue owing to high demand from end-use industries such as automotive, aerospace, marine, manufacturing etc. China led the regional market with a share of more than 45% due to large production base and growing industrialization across various sectors including construction industry.
The European region is anticipated to witness significant growth over the forecast period on account of increasing investments in R&D activities by governments & private organizations coupled with technological advancements witnessed during this time frame.
Growth Factors:
- Increasing demand for heating circle in residential and commercial applications
- Rising awareness about the benefits of using heating circle over traditional methods
- Growing popularity of Heating Circle among consumers due to its energy efficiency and cost-effectiveness
- Technological advancements that have led to the development of more efficient and affordable Heating Circles
- Government initiatives and subsidies encouraging the use of renewable energy sources like heating circles
Scope Of The Report
Report Attributes
Report Details
Report Title
Heating Circle Market Research Report
By Type
Stainless Steel Ceramic Heating Circle, Stainless Steel Mica Electric Heating Circle, Cast Aluminum Heating Circle
By Application
Heat Treatment, Thermoforming, Welding, Metal Melting, Other
By Companies
SKF, Chromalox, DBK, THERMOCOAX, Eugen Riexinger GmbH, Reliability Direct, Shenzhen BaoHengXin
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 Heating Circle Market Report Segments:
The global Heating Circle market is segmented on the basis of:
Types
Stainless Steel Ceramic Heating Circle, Stainless Steel Mica Electric Heating Circle, Cast Aluminum Heating Circle
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
Heat Treatment, Thermoforming, Welding, Metal Melting, Other
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:
- SKF
- Chromalox
- DBK
- THERMOCOAX
- Eugen Riexinger GmbH
- Reliability Direct
- Shenzhen BaoHengXin
Highlights of The Heating Circle 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 Ceramic Heating Circle
- Stainless Steel Mica Electric Heating Circle
- Cast Aluminum Heating Circle
- By Application:
- Heat Treatment
- Thermoforming
- Welding
- Metal Melting
- Other
- 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 Heating Circle 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?
A heating circle is a type of furnace that uses convection to heat the air inside. The air is circulated around the furnace coil, which heats it up.
Some of the key players operating in the heating circle market are SKF, Chromalox, DBK, THERMOCOAX, Eugen Riexinger GmbH, Reliability Direct, Shenzhen BaoHengXin.
The heating circle 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 Heating Circle 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 Heating Circle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heating Circle 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 Heating Circle 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 Heating Circle Market Size & Forecast, 2020-2028
4.5.1 Heating Circle Market Size and Y-o-Y Growth
4.5.2 Heating Circle Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Stainless Steel Ceramic Heating Circle
5.2.2 Stainless Steel Mica Electric Heating Circle
5.2.3 Cast Aluminum Heating Circle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Heat Treatment
6.2.2 Thermoforming
6.2.3 Welding
6.2.4 Metal Melting
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heating Circle 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 Heating Circle 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Stainless Steel Ceramic Heating Circle
9.6.2 Stainless Steel Mica Electric Heating Circle
9.6.3 Cast Aluminum Heating Circle
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 Market Size Forecast by Applications
9.10.1 Heat Treatment
9.10.2 Thermoforming
9.10.3 Welding
9.10.4 Metal Melting
9.10.5 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Stainless Steel Ceramic Heating Circle
10.6.2 Stainless Steel Mica Electric Heating Circle
10.6.3 Cast Aluminum Heating Circle
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 Market Size Forecast by Applications
10.10.1 Heat Treatment
10.10.2 Thermoforming
10.10.3 Welding
10.10.4 Metal Melting
10.10.5 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Stainless Steel Ceramic Heating Circle
11.6.2 Stainless Steel Mica Electric Heating Circle
11.6.3 Cast Aluminum Heating Circle
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 Market Size Forecast by Applications
11.10.1 Heat Treatment
11.10.2 Thermoforming
11.10.3 Welding
11.10.4 Metal Melting
11.10.5 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Stainless Steel Ceramic Heating Circle
12.6.2 Stainless Steel Mica Electric Heating Circle
12.6.3 Cast Aluminum Heating Circle
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 Market Size Forecast by Applications
12.10.1 Heat Treatment
12.10.2 Thermoforming
12.10.3 Welding
12.10.4 Metal Melting
12.10.5 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Stainless Steel Ceramic Heating Circle
13.6.2 Stainless Steel Mica Electric Heating Circle
13.6.3 Cast Aluminum Heating Circle
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) Market Size Forecast by Applications
13.10.1 Heat Treatment
13.10.2 Thermoforming
13.10.3 Welding
13.10.4 Metal Melting
13.10.5 Other
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 Heating Circle Market: Competitive Dashboard
14.2 Global Heating Circle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SKF
14.3.2 Chromalox
14.3.3 DBK
14.3.4 THERMOCOAX
14.3.5 Eugen Riexinger GmbH
14.3.6 Reliability Direct
14.3.7 Shenzhen BaoHengXin
