Market Overview:
The global industrial 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 heating in various industries such as construction, oil and gas, chemical, marine and others. In addition, the growing awareness about energy-efficient heating systems is also contributing to the growth of this market. The industrial water heaters segment is expected to dominate the global industrial heaters market during the forecast period from 2018 to 2030.
Product Definition:
Industrial Heaters are devices used to heat a substance or object. The importance of Industrial Heaters is that they allow companies to increase their production by heating substances or objects to the correct temperature for manufacturing.
Industrial Water Heaters:
Industrial water heaters are used in various industries to provide heating services. These heaters can be used for drying, sterilization and pasteurization of liquids as well as for heating fluids such as oils & waxes. Industrial water heaters are available in different sizes and capacities to cater to the varying requirements of end-use applications. Growing demand from various end-use industries is expected to drive the global market over the forecast period.
Electric Heater:
An electric heater is a device used to generate heat using electricity. It is mainly used in industrial heaters which are large, multi-fuel burning devices that maintain a constant temperature. The most common types of electric heaters include forced air and immersion type. There are two basic ways by which an electric heater can be operated; namely switch on/off and thermostat controlled operation.
Application Insights:
The construction segment dominated the global industrial heaters market, accounting for over 40% of the revenue share in 2017. The growth can be attributed to an increase in industrial construction projects across developing countries. For instance, according to a study conducted by HOK architects office and Engineering News Record (ENR), it was observed that out of 498 oil and gas projects currently under implementation worldwide, around 54% are located in emerging markets such as China, India and Brazil. This is expected to result in high demand for heat exchangers from 2018 to 2030.
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 industrialization, which has resulted in an increasing demand for industrial heaters. China, India, Japan, South Korea and Taiwan are among the largest consumers of industrial heaters across this region owing to their rapidly expanding industries.
The construction industry is also expected to witness considerable growth due to rising investments from various governments across Asia Pacific countries such as China and India for building infrastructure projects including hospitals, schools and colleges etc., which will drive product demand further over next eight years. In addition heathcare sector is also anticipated boost up product demand owing to growing geriatric population that requires additional care & attention resulting into increased expenditure on healthcare by patients resulting into increased spending on construction activities by businesses driving heater sales further over the forecast period in this region.
Growth Factors:
- Increasing demand from the end-user industries
- Growing demand for energy-efficient heating systems
- Technological advancements in industrial heaters
- Rising prices of traditional fuels such as natural gas and oil
- Stringent environmental regulations
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Heaters Market Research Report
By Type
Industrial Water Heaters, Electric Heater, Air Heaters, Others
By Application
Construction, Emergency Heating, Oil And Gas, Chemical, Marine, Others
By Companies
Chromalox, Wattco, EXHEAT, Indeeco, Watlow, Omron, Industrial Heat Products, Detroit Radiant Products Company, Marley Engineered Product, TPI, Chromalox, Hubbell
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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Heaters Market Report Segments:
The global Industrial Heaters market is segmented on the basis of:
Types
Industrial Water Heaters, Electric Heater, Air 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
Construction, Emergency Heating, Oil And Gas, Chemical, Marine, 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:
- Chromalox
- Wattco
- EXHEAT
- Indeeco
- Watlow
- Omron
- Industrial Heat Products
- Detroit Radiant Products Company
- Marley Engineered Product
- TPI
- Chromalox
- Hubbell
Highlights of The Industrial 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:
- Industrial Water Heaters
- Electric Heater
- Air Heaters
- Others
- By Application:
- Construction
- Emergency Heating
- Oil And Gas
- Chemical
- Marine
- 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 Industrial 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
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- Consumer Insights
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- 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?
Industrial Heaters are used in factories, warehouses, and other large commercial buildings to heat the air or water.
Some of the major players in the industrial heaters market are Chromalox, Wattco, EXHEAT, Indeeco, Watlow, Omron, Industrial Heat Products, Detroit Radiant Products Company, Marley Engineered Product, TPI, Chromalox, Hubbell.
The industrial heaters 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 Industrial 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 Industrial Heaters Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Industrial 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 Industrial 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 Industrial Heaters Market Size & Forecast, 2018-2028 4.5.1 Industrial Heaters Market Size and Y-o-Y Growth 4.5.2 Industrial Heaters Market Absolute $ Opportunity
Chapter 5 Global Industrial 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 Industrial Heaters Market Size Forecast by Type
5.2.1 Industrial Water Heaters
5.2.2 Electric Heater
5.2.3 Air Heaters
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial 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 Industrial Heaters Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Emergency Heating
6.2.3 Oil And Gas
6.2.4 Chemical
6.2.5 Marine
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial 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 Industrial 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 Industrial Heaters Analysis and Forecast
9.1 Introduction
9.2 North America Industrial 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 Industrial Heaters Market Size Forecast by Type
9.6.1 Industrial Water Heaters
9.6.2 Electric Heater
9.6.3 Air 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 Industrial Heaters Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Emergency Heating
9.10.3 Oil And Gas
9.10.4 Chemical
9.10.5 Marine
9.10.6 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 Industrial Heaters Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial 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 Industrial Heaters Market Size Forecast by Type
10.6.1 Industrial Water Heaters
10.6.2 Electric Heater
10.6.3 Air 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 Industrial Heaters Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Emergency Heating
10.10.3 Oil And Gas
10.10.4 Chemical
10.10.5 Marine
10.10.6 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 Industrial Heaters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial 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 Industrial Heaters Market Size Forecast by Type
11.6.1 Industrial Water Heaters
11.6.2 Electric Heater
11.6.3 Air 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 Industrial Heaters Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Emergency Heating
11.10.3 Oil And Gas
11.10.4 Chemical
11.10.5 Marine
11.10.6 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 Industrial Heaters Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial 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 Industrial Heaters Market Size Forecast by Type
12.6.1 Industrial Water Heaters
12.6.2 Electric Heater
12.6.3 Air 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 Industrial Heaters Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Emergency Heating
12.10.3 Oil And Gas
12.10.4 Chemical
12.10.5 Marine
12.10.6 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) Industrial Heaters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial 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) Industrial Heaters Market Size Forecast by Type
13.6.1 Industrial Water Heaters
13.6.2 Electric Heater
13.6.3 Air 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) Industrial Heaters Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Emergency Heating
13.10.3 Oil And Gas
13.10.4 Chemical
13.10.5 Marine
13.10.6 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 Industrial Heaters Market: Competitive Dashboard
14.2 Global Industrial Heaters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chromalox
14.3.2 Wattco
14.3.3 EXHEAT
14.3.4 Indeeco
14.3.5 Watlow
14.3.6 Omron
14.3.7 Industrial Heat Products
14.3.8 Detroit Radiant Products Company
14.3.9 Marley Engineered Product
14.3.10 TPI
14.3.11 Chromalox
14.3.12 Hubbell