Market Overview:
The global heating coil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for heating coils from various applications, such as HVAC industry, industrial equipment, home application and others. Additionally, the growing demand for energy-efficient heating coils is also contributing to the growth of this market.
Product Definition:
A heating coil is a coiled wire that is used to heat an object. The object can be a liquid, such as water, or a gas, such as air. Heating coils are often used in furnaces and boilers to heat homes and businesses.
Tubular Heater:
The tubular heater is a heat exchanger which is used to transfer thermal energy from one fluid medium to another. It comprises of two tubes made from different materials, wherein the inner tube is filled with the heated fluid and then it transfers that heat energy to the surrounding environment by radiation or convection. The most commonly used material for making a tubular heater is copper since it has high thermal conductivity but low electrical resistance.
Cartridge Heaters:
Cartridge heaters are small heating devices used to pre-heat the ink in a cartridge before it is inserted into an printer. The heat generated by the cartridge heater spreads evenly over its surface and does not affect the surrounding areas. This eliminates cold spots which can cause jams or clogging and ensures smooth functioning of printing mechanism.
Application Insights:
Based on the application, the global heating coil market has been segmented into residential, commercial and industrial applications. The home application segment accounted for a major share in 2017 owing to increasing use of these products in retrofit projects and new construction. These products are also used extensively in HVAC industry as they provide uniform heat distribution across rooms.
The others segment includes automotive, medical equipment and food & beverage processing equipment among others. Equipment used in automotive industries such as body temperature regulation systems require high-quality heating coils that can withstand extreme temperatures without getting damaged or altered their performance characteristics.
Regional Analysis:
Asia Pacific dominated the global heating coil market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major economies, such as China, India, Japan and South Korea. Rapid industrialization coupled with government initiatives for infrastructure development has led to an increase in demand for HVAC systems across this region. Moreover, rising disposable income levels are anticipated to fuel demand from residential as well as commercial applications over the next eight years.
The European market held a significant share of global revenue in 2017 owing to high product adoption rates across various end-use industries including automotive and aerospace among others that require temperature control equipment on a regular basis.
Growth Factors:
- Increasing demand for heating coils from the automotive and construction industries
- Growing popularity of electric vehicles, which will lead to an increase in demand for heating coils used in battery packs
- Rising demand for energy-efficient heating systems that use heating coils
- The increasing use of smart thermostats, which can help optimize the performance of heating coils
- Technological advancements that result in more efficient and durable heating coils
Scope Of The Report
Report Attributes
Report Details
Report Title
Heating Coil Market Research Report
By Type
Tubular Heater, Cartridge Heaters, Band Heaters, Others
By Application
HVAC Industry, Industrial Equipment, Home Application, Others
By Companies
Sandvik Materials Technology, ZI Heating Element Technologies, Escorts Limited, Kawai Electric Ltd., Watlow Electric Manufacturing, WATTCO, Tutco, Rama Corp, Marathon Heater, SHANGHAI MINKVON INDUSTRY CO., LTD, Backer Hotwatt, Inc, Sunrise Products, HC Coils, NTT Heating, JFD Tube & Coil Products Inc
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Heating Coil Market Report Segments:
The global Heating Coil market is segmented on the basis of:
Types
Tubular Heater, Cartridge Heaters, Band 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
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 Ltd.
- Watlow Electric Manufacturing
- WATTCO
- Tutco
- Rama Corp
- Marathon Heater
- SHANGHAI MINKVON INDUSTRY CO., LTD
- Backer Hotwatt, Inc
- Sunrise Products
- HC Coils
- NTT Heating
- JFD Tube & Coil Products Inc
Highlights of The 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:
- Tubular Heater
- Cartridge Heaters
- Band Heaters
- Others
- 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 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 heating coil is a metal wire that is wrapped around a magnetic core. When electricity is applied, the coil heats up and creates heat in whatever it's attached to. Heating coils are used in many different devices, including ovens, stoves, air conditioners and even electric blankets.
Some of the key players operating in the heating coil market are Sandvik Materials Technology, ZI Heating Element Technologies, Escorts Limited, Kawai Electric Ltd., Watlow Electric Manufacturing, WATTCO, Tutco, Rama Corp, Marathon Heater, SHANGHAI MINKVON INDUSTRY CO., LTD, Backer Hotwatt, Inc, Sunrise Products, HC Coils, NTT Heating, JFD Tube & Coil Products Inc.
The heating coil market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heating Coil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heating Coil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heating Coil Market - Supply Chain
4.5. Global Heating Coil Market Forecast
4.5.1. Heating Coil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heating Coil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heating Coil Market Absolute $ Opportunity
5. Global Heating Coil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Heating Coil Market Size and Volume Forecast by Type
5.3.1. Tubular Heater
5.3.2. Cartridge Heaters
5.3.3. Band Heaters
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heating Coil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Heating Coil Market Size and Volume Forecast by Application
6.3.1. HVAC Industry
6.3.2. Industrial Equipment
6.3.3. Home Application
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heating Coil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Heating Coil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Heating Coil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Heating Coil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Heating Coil Demand Share Forecast, 2019-2026
9. North America Heating Coil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Heating Coil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Heating Coil Market Size and Volume Forecast by Application
9.4.1. HVAC Industry
9.4.2. Industrial Equipment
9.4.3. Home Application
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heating Coil Market Size and Volume Forecast by Type
9.7.1. Tubular Heater
9.7.2. Cartridge Heaters
9.7.3. Band Heaters
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Heating Coil Demand Share Forecast, 2019-2026
10. Latin America Heating Coil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Heating Coil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Heating Coil Market Size and Volume Forecast by Application
10.4.1. HVAC Industry
10.4.2. Industrial Equipment
10.4.3. Home Application
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heating Coil Market Size and Volume Forecast by Type
10.7.1. Tubular Heater
10.7.2. Cartridge Heaters
10.7.3. Band Heaters
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Heating Coil Demand Share Forecast, 2019-2026
11. Europe Heating Coil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Heating Coil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Heating Coil Market Size and Volume Forecast by Application
11.4.1. HVAC Industry
11.4.2. Industrial Equipment
11.4.3. Home Application
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heating Coil Market Size and Volume Forecast by Type
11.7.1. Tubular Heater
11.7.2. Cartridge Heaters
11.7.3. Band Heaters
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potetial Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Heating Coil Demand Share, 2019-2026
12. Asia Pacific Heating Coil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Heating Coil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Heating Coil Market Size and Volume Forecast by Application
12.4.1. HVAC Industry
12.4.2. Industrial Equipment
12.4.3. Home Application
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heating Coil Market Size and Volume Forecast by Type
12.7.1. Tubular Heater
12.7.2. Cartridge Heaters
12.7.3. Band Heaters
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Heating Coil Demand Share, 2019-2026
13. Middle East & Africa Heating Coil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Heating Coil Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Heating Coil Market Size and Volume Forecast by Application
13.4.1. HVAC Industry
13.4.2. Industrial Equipment
13.4.3. Home Application
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heating Coil Market Size and Volume Forecast by Type
13.7.1. Tubular Heater
13.7.2. Cartridge Heaters
13.7.3. Band Heaters
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Heating Coil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heating Coil Market: Market Share Analysis
14.2. Heating Coil Distributors and Customers
14.3. Heating Coil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik Materials Technology
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ZI Heating Element Technologies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Escorts Limited
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kawai Electric Ltd.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Watlow Electric Manufacturing
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. WATTCO
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tutco
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rama Corp
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Marathon Heater
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SHANGHAI MINKVON INDUSTRY CO., LTD
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Backer Hotwatt, Inc
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sunrise Products
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. HC Coils
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. NTT Heating
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. JFD Tube & Coil Products Inc
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
