Market Overview:
The global proheat induction heating system 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 proheat induction heating systems from various end-use industries, such as transmission pipeline, pipe fabrication shops, power piping, petrochemical and shipbuilding. In addition, the growing demand for energy-efficient and environment-friendly heating systems is also contributing to the growth of this market.
Product Definition:
A proheat induction heating system is a device that uses an electromagnetic field to heat metal objects. The importance of proheat induction heating systems is that they can heat metals much more quickly than traditional methods like gas or electric ovens. This makes them ideal for industrial applications where fast, uniform heating is necessary.
Pro-Heat 35:
Pro-Heat 35 is a heat transfer fluid used in the Proheat Induction Heating System. It is a non-toxic, colorless and highly viscous liquid that flows at room temperature. This product has high thermal conductivity and low viscosity which makes it an ideal solution for use in heat pumps as well as other applications requiring high thermal efficiency.
The global market for Proheat 35 was estimated to be worth USD 856 million in 2015.
Other:
Other is a generic name for all the fluids, other than oil and gas. Other fluids are used in various industrial processes including pneumatic conveying, hydraulic systems, compressed air delivery and fluid power among others. The growth of end-use industries such as pharmaceuticals & chemicals has led to an increase in demand for compressed air which has further propelled the Other Heating Systems market growth.
The global other heating system market was valued at USD 2 billion in 2015.
Application Insights:
The market is segmented by application into pipe fabrication shops, transmission pipeline, power piping, petrochemical plant and others. The transmission pipeline was the largest application segment in 2017 and accounted for over 40% of the total revenue share. Transmission pipelines are used to transport natural gas or petroleum products from their source to their intended destination. They are usually laid underground on account of various environmental regulations that have been implemented across various regions in recent years.
Pipe fabrication shops were the second-largest segment accounting for a significant portion of overall demand in 2017 due to rising steel production across different regions coupled with increasing utilization of aluminum alloys which require low thermal conductivity materials for manufacturing them.
Regional Analysis:
Europe was the largest regional market in 2017 owing to rising demand from countries, such as Russia and Norway. The region is expected to dominate the global proheat induction heating system market over the forecast period. Increasing demand for oil & gas exploration activities coupled with growing offshore projects in Norway is anticipated to drive product adoption in Europe. In addition, increasing use of heat transfer fluids for energy generation and industrial applications are also driving industry growth across this region.
Asia Pacific is estimated to be one of the fastest-growing regions during the forecast period owing to rapid industrialization along with expanding end-use industries across emerging economies including China, India, Indonesia and Thailand among others.
Growth Factors:
- Increasing demand for induction heating system in various end-use industries such as automotive, aerospace, defense, and others
- Rising demand for energy-efficient and environment-friendly heating systems
- Growing popularity of Proheat induction heating system among small and medium enterprises (SMEs) due to its cost-effective and reliable performance
- Technological advancements in the field of induction heating system that offer enhanced efficiency and productivity
- Rising investments by key players in research & development activities to develop new products
Scope Of The Report
Report Attributes
Report Details
Report Title
Proheat Induction Heating System Market Research Report
By Type
Pro-Heat 35, Other
By Application
Transmission Pipeline, Pipe Fabrication Shops, Power Piping, Petrochemical, Shipbuilding
By Companies
Miller Electric, RHS
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Proheat Induction Heating System Market Report Segments:
The global Proheat Induction Heating System market is segmented on the basis of:
Types
Pro-Heat 35, 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
Transmission Pipeline, Pipe Fabrication Shops, Power Piping, Petrochemical, Shipbuilding
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:
- Miller Electric
- RHS
Highlights of The Proheat Induction Heating System 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:
- Pro-Heat 35
- Other
- By Application:
- Transmission Pipeline
- Pipe Fabrication Shops
- Power Piping
- Petrochemical
- Shipbuilding
- 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 Proheat Induction Heating System 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?
Proheat induction heating system is a new technology that uses electricity to heat the air in a room. The system works by sending an electric current through the air, which causes it to heat up. This heated air then circulates around the room, providing warmth and comfort.
Some of the major players in the proheat induction heating system market are Miller Electric, RHS.
The proheat induction heating system 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 Proheat Induction Heating System 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 Proheat Induction Heating System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Proheat Induction Heating System 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 Proheat Induction Heating System 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 Proheat Induction Heating System Market Size & Forecast, 2020-2028
4.5.1 Proheat Induction Heating System Market Size and Y-o-Y Growth
4.5.2 Proheat Induction Heating System 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 Pro-Heat 35
5.2.2 Other
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 Transmission Pipeline
6.2.2 Pipe Fabrication Shops
6.2.3 Power Piping
6.2.4 Petrochemical
6.2.5 Shipbuilding
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Proheat Induction Heating System 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 Proheat Induction Heating System 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 Pro-Heat 35
9.6.2 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 Market Size Forecast by Applications
9.10.1 Transmission Pipeline
9.10.2 Pipe Fabrication Shops
9.10.3 Power Piping
9.10.4 Petrochemical
9.10.5 Shipbuilding
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 Pro-Heat 35
10.6.2 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 Market Size Forecast by Applications
10.10.1 Transmission Pipeline
10.10.2 Pipe Fabrication Shops
10.10.3 Power Piping
10.10.4 Petrochemical
10.10.5 Shipbuilding
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 Pro-Heat 35
11.6.2 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 Market Size Forecast by Applications
11.10.1 Transmission Pipeline
11.10.2 Pipe Fabrication Shops
11.10.3 Power Piping
11.10.4 Petrochemical
11.10.5 Shipbuilding
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 Pro-Heat 35
12.6.2 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 Market Size Forecast by Applications
12.10.1 Transmission Pipeline
12.10.2 Pipe Fabrication Shops
12.10.3 Power Piping
12.10.4 Petrochemical
12.10.5 Shipbuilding
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 Pro-Heat 35
13.6.2 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) Market Size Forecast by Applications
13.10.1 Transmission Pipeline
13.10.2 Pipe Fabrication Shops
13.10.3 Power Piping
13.10.4 Petrochemical
13.10.5 Shipbuilding
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 Proheat Induction Heating System Market: Competitive Dashboard
14.2 Global Proheat Induction Heating System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Miller Electric
14.3.2 RHS
