Market Overview:
The global tubular heating coil 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 tubular heating coils from various end-use industries, such as HVAC industry, industrial equipment, home application and others. In terms of type, the stainless steel segment is expected to lead the global tubular heating coil market during the forecast period. This can be attributed to its properties such as corrosion resistance and durability.
Product Definition:
A tubular heating coil is a device used to heat fluids by transferring heat from an external source to the fluid. The importance of tubular heating coils is that they are an efficient way to heat fluids, and they can be used in a variety of applications.
Stainless Steel:
Stainless steel is a widely used material in the manufacturing of heating coils for tubes and pipes. It has superior properties such as high corrosion resistance, high strength, ductility & flexibility which makes it suitable to be used in various applications. Growing demand from end-use industries such as oil & gas, chemical processing and food industry is expected to drive market growth over the forecast period.
The global stainless steel market was valued at USD 18 billion in 2015.
Cast Aluminum:
Cast aluminum is a type of aluminum alloy which is extruded into thin sheets and then rolled to form a hollow cylinder. It has high strength, ductility, and electrical conductivity. These properties make it suitable for use in the manufacturing of heating coils for radiators or heaters in automotive applications such as engine blocks or transmission housing.
The global tubular 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 regarding energy efficiency and reduction in carbon footprint. The industry is expected to witness significant growth on account of increasing government support for promoting energy-efficient products across various applications.
In terms of revenue, the HVAC industry dominated the global Tubular Heating Coil market with a share of over 40% in 2017 owing to its ability to efficiently heat large areas as well as provide uniform temperature throughout an area. Furthermore, these products are used extensively across commercial buildings such as shopping malls and hospitals due to their cost-effectiveness along with high durability and performance standards. These factors are anticipated to drive segment growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, coupled with rising living standards among a large population. China and India are some of the largest markets for these products owing to their rapidly growing economies, high population, flourishing manufacturing sector as well as increasing construction activities.
The demand for HVAC systems in North America is anticipated to grow at a significant rate over the forecast period owing to rapid urbanization across countries such as Canada and Mexico that has led them adopting more modern home appliances including heating equipment.
Growth Factors:
- Increasing demand from the end-use industries such as automotive, construction, and HVAC is expected to drive the growth of the Tubular Heating Coil market.
- Rising demand for energy-efficient heating systems is another key factor that is anticipated to fuel the growth of this market in the near future.
- Growing popularity of electric vehicles is also projected to boost the demand for Tubular Heating Coil products over the next few years.
- The increasing use of tubular heating coils in various industrial applications is another major factor that will propel this market’s growth in coming years. 5) Technological advancements and innovations are likely to create new opportunities for players operating in this market over forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Tubular 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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Tubular Heating Coil Market Report Segments:
The global Tubular 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 Tubular 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 Tubular 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
- 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 tubular heating coil is a type of heating element that uses a metal wire wrapped around a tube. The metal wire heats up quickly, which causes the tube to heat up as well. This type of coil is often used in electric blankets and other types of thermal insulation.
Some of the major players in the tubular 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 tubular heating coil 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 Tubular 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 Tubular Heating Coil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tubular 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 Tubular 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 Tubular Heating Coil Market Size & Forecast, 2018-2028
4.5.1 Tubular Heating Coil Market Size and Y-o-Y Growth
4.5.2 Tubular Heating Coil Market Absolute $ Opportunity
Chapter 5 Global Tubular 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 Tubular 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 Tubular 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 Tubular 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 Tubular 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 Tubular 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 Tubular Heating Coil Analysis and Forecast
9.1 Introduction
9.2 North America Tubular 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 Tubular 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 Tubular 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 Tubular Heating Coil Analysis and Forecast
10.1 Introduction
10.2 Europe Tubular 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 Tubular 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 Tubular 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 Tubular Heating Coil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tubular 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 Tubular 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 Tubular 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 Tubular Heating Coil Analysis and Forecast
12.1 Introduction
12.2 Latin America Tubular 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 Tubular 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 Tubular 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) Tubular Heating Coil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tubular 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) Tubular 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) Tubular 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 Tubular Heating Coil Market: Competitive Dashboard
14.2 Global Tubular 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
