Market Overview:
The global metallic heating elements 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 electric heaters, hair dryers, soldering irons, showers, water heaters, stoves and other household appliances. In addition, the growing demand for electric vehicles is also contributing to the growth of this market. The global metallic heating elements market can be segmented on the basis of type into Nichrome-based and resistance element wire-based heating elements. The Nichrome-based segment is expected to account for a major share of the global metallic heating elements market during the forecast period owing to its high thermal conductivity and low resistivity properties. On the basis of application, this market can be divided into electric heaters, hair dryers, soldering irons,, showers,, water heaters,, stoves and other household appliances such as ovens and microwaves.
Product Definition:
Metallic heating elements are pieces of metal that are heated and then used to heat other objects. They can be made from many different types of metals, including aluminum, copper, and steel. Metallic heating elements are important because they can be used to heat objects quickly and evenly.
Nichrome-Based:
The nichrome-based heating elements are made from nickel and chromium. The element is used in gas, liquid, and solid state. It has applications in household appliances such as space heaters, water boilers, forced air furnaces & ovens among others. Nichrome-based products have high resistance to corrosion and thermal conductivity which makes them suitable for use in the metallic heating elements market.
Resistance Element Wire Based:
Resistance element wire based and it's usage in metallic heating elements market is expected to grow at a significant pace over the forecast period. The resistance element wire based and it's usage in metallic heating elements industry has been witnessing strong growth over the past few years on account of rising demand for energy efficient products across various end-use industries including building & construction, automotive, electronics & electrical, healthcare and others.
Application Insights:
Electric heaters segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Electric heater application includes water heaters, space heating equipment, soldering irons, hair dryers and toasters among others. The demand for electric element is generally higher in urban areas as compared with rural areas due to technological advancements such as high voltage switchgear that are required for large scale industrial operations.
The demand from other applications including showers, stoves and water heaters are expected to drive the global metallic heating elements market growth over the forecast period owing to increasing product adoption across various end-use industries on account of its properties such as high durability & efficiency coupled which makes it an ideal solution choice globally.
Regional Analysis:
Asia Pacific dominated the global 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 2017 owing to high product demand from residential, industrial, and automotive applications. China is one of the largest consumers of resistance heating elements across Asia Pacific on account of rising demand from domestic as well as foreign manufacturers located in this country.
The presence of numerous automotive manufacturing companies including Changan Automobile, Dongfeng Motor Corporation (DMC), FAW Group Co., Ltd., Geely Holding Limited, Great Wall Motors Co., Ltd., JAC Motors Company Limited, Maserati S.p.A has resulted in high product consumption within China over the past few years which is projected to continue over the forecast period with an estimated CAGR exceeding 6%.
Europe was another major consumer across all applications due to early adoption by several countries such as Germany and U.K.
Growth Factors:
- Increasing demand from the end-use industries such as automotive, aerospace, and defense
- Growing popularity of metallic heating elements in electric vehicles
- Rising demand for energy-efficient and compact heating elements
- Technological advancements in metallic heating element manufacturing process
- Growing awareness about the benefits of metallic heating elements over traditional heaters
Scope Of The Report
Report Attributes
Report Details
Report Title
Metallic Heating Elements Market Research Report
By Type
Nichrome-Based, Resistance Element Wire Based
By Application
Electric Heaters, Hair Dryers, Soldering Irons, Showers, Water Heaters, Stoves, Toasters, Clothes Dryers
By Companies
Sandvik (Kanthal), Hi-Temp Products, Duralite, Keith Company, Plansee, Thermcraft, Backer Hotwatt, WATTCO, Ulanet, Thermal Corporation, Trent
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Metallic Heating Elements Market Report Segments:
The global Metallic Heating Elements market is segmented on the basis of:
Types
Nichrome-Based, Resistance Element Wire Based
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
Electric Heaters, Hair Dryers, Soldering Irons, Showers, Water Heaters, Stoves, Toasters, Clothes Dryers
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 (Kanthal)
- Hi-Temp Products
- Duralite
- Keith Company
- Plansee
- Thermcraft
- Backer Hotwatt
- WATTCO
- Ulanet
- Thermal Corporation
- Trent
Highlights of The Metallic Heating Elements 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:
- Nichrome-Based
- Resistance Element Wire Based
- By Application:
- Electric Heaters
- Hair Dryers
- Soldering Irons
- Showers
- Water Heaters
- Stoves
- Toasters
- Clothes Dryers
- 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 Metallic Heating Elements 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?
Metallic heating elements are made of a metal that is heated by an electric current. The metal becomes hot and then emits heat as it expands. This type of heating element is often used in appliances such as irons and toasters because they produce consistent heat, are easy to use, and have a long life span.
Some of the major players in the metallic heating elements market are Sandvik (Kanthal), Hi-Temp Products, Duralite, Keith Company, Plansee, Thermcraft, Backer Hotwatt, WATTCO, Ulanet, Thermal Corporation, Trent.
The metallic heating elements market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Metallic Heating Elements 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. Metallic Heating Elements Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Metallic Heating Elements Market - Supply Chain
4.5. Global Metallic Heating Elements Market Forecast
4.5.1. Metallic Heating Elements Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Metallic Heating Elements Market Size (000 Units) and Y-o-Y Growth
4.5.3. Metallic Heating Elements Market Absolute $ Opportunity
5. Global Metallic Heating Elements 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. Metallic Heating Elements Market Size and Volume Forecast by Type
5.3.1. Nichrome-Based
5.3.2. Resistance Element Wire Based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Metallic Heating Elements 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. Metallic Heating Elements Market Size and Volume Forecast by Application
6.3.1. Electric Heaters
6.3.2. Hair Dryers
6.3.3. Soldering Irons
6.3.4. Showers
6.3.5. Water Heaters
6.3.6. Stoves
6.3.7. Toasters
6.3.8. Clothes Dryers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Metallic Heating Elements 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. Metallic Heating Elements 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 Metallic Heating Elements 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. Metallic Heating Elements 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 Metallic Heating Elements Demand Share Forecast, 2019-2026
9. North America Metallic Heating Elements 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 Metallic Heating Elements 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 Metallic Heating Elements Market Size and Volume Forecast by Application
9.4.1. Electric Heaters
9.4.2. Hair Dryers
9.4.3. Soldering Irons
9.4.4. Showers
9.4.5. Water Heaters
9.4.6. Stoves
9.4.7. Toasters
9.4.8. Clothes Dryers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Metallic Heating Elements Market Size and Volume Forecast by Type
9.7.1. Nichrome-Based
9.7.2. Resistance Element Wire Based
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 Metallic Heating Elements Demand Share Forecast, 2019-2026
10. Latin America Metallic Heating Elements 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 Metallic Heating Elements 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 Metallic Heating Elements Market Size and Volume Forecast by Application
10.4.1. Electric Heaters
10.4.2. Hair Dryers
10.4.3. Soldering Irons
10.4.4. Showers
10.4.5. Water Heaters
10.4.6. Stoves
10.4.7. Toasters
10.4.8. Clothes Dryers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Metallic Heating Elements Market Size and Volume Forecast by Type
10.7.1. Nichrome-Based
10.7.2. Resistance Element Wire Based
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 Metallic Heating Elements Demand Share Forecast, 2019-2026
11. Europe Metallic Heating Elements 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 Metallic Heating Elements 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 Metallic Heating Elements Market Size and Volume Forecast by Application
11.4.1. Electric Heaters
11.4.2. Hair Dryers
11.4.3. Soldering Irons
11.4.4. Showers
11.4.5. Water Heaters
11.4.6. Stoves
11.4.7. Toasters
11.4.8. Clothes Dryers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Metallic Heating Elements Market Size and Volume Forecastby Type
11.7.1. Nichrome-Based
11.7.2. Resistance Element Wire Based
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential 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 Metallic Heating Elements Demand Share, 2019-2026
12. Asia Pacific Metallic Heating Elements 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 Metallic Heating Elements 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 Metallic Heating Elements Market Size and Volume Forecast by Application
12.4.1. Electric Heaters
12.4.2. Hair Dryers
12.4.3. Soldering Irons
12.4.4. Showers
12.4.5. Water Heaters
12.4.6. Stoves
12.4.7. Toasters
12.4.8. Clothes Dryers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Metallic Heating Elements Market Size and Volume Forecast by Type
12.7.1. Nichrome-Based
12.7.2. Resistance Element Wire Based
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 Metallic Heating Elements Demand Share, 2019-2026
13. Middle East & Africa Metallic Heating Elements 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 Metallic Heating Elements 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 Metallic Heating Elements Market Size and Volume Forecast by Application
13.4.1. Electric Heaters
13.4.2. Hair Dryers
13.4.3. Soldering Irons
13.4.4. Showers
13.4.5. Water Heaters
13.4.6. Stoves
13.4.7. Toasters
13.4.8. Clothes Dryers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Metallic Heating Elements Market Size and Volume Forecast by Type
13.7.1. Nichrome-Based
13.7.2. Resistance Element Wire Based
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 Metallic Heating Elements Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Metallic Heating Elements Market: Market Share Analysis
14.2. Metallic Heating Elements Distributors and Customers
14.3. Metallic Heating Elements Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik (Kanthal)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hi-Temp Products
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Duralite
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Keith Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Plansee
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Thermcraft
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Backer Hotwatt
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. WATTCO
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ulanet
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Thermal Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Trent
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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
