Global Industrial Heaters Market Share and Growth 2019-2029 | Industrial Heat products, TPI Corporation, Wattco Equipment Inc.
Market.us announces publication of its most recently generated research report titled, “Global Industrial Heaters Market by Product Type (Industrial Water Heaters, Electric Heater, Air Heaters and Others), By End-Use Vertical (Construction, Emergency Heating, Oil and Gas, Chemical Industry, Marine and Others), and by Region – Global Forecast to 2028.” This offers a holistic view of the global Industrial Heaters market through systematic segmentation that covers every aspect of the target market.
The global Industrial Heaters market was valued at US$ 27,946 Mn in 2018 to reach US$ 42,678.4 Mn by 2028 at a CAGR of 4.3%.
Process heating is a general term that states to various types of heat transfer techniques used in industrial production. Process heating is used for different kinds of activities including, evaporation, distillation, drying, extraction, curing, heat treating, melting and providing the heat for endothermic chemical reactions. The different nature of these activities means they are used throughout a wide range of industrial sectors, from laundries and food production to chemicals and foundries. Industrial heaters are devices used to increase the temperature of liquids or gases used in the industrial process. Industrial heater converts energy from energy source to thermal energy in a process stream, system or closed environment. The process of converting energy from energy source to thermal energy in a system can be described as heat transfer. Industrial heaters use one or a combination of methods such as conduction, radiation, and convection to transfer heat. In practice, there is a major use of radiation heat transfer for high-temperature processes. Other heat transfer methods such as conductive/ convection are mostly used for low-temperature processes.
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Robust growth of end-use industries such as construction, oil & gas, chemicals industry, and others is one of the major factors that is propelling market growth for industrial heaters.
Global Industrial Heaters Market Revenue (US$ Mn), 2018–2028
However, Lack of trained and skilled labor in developing regions, to handle heating processes, results in increased risks associated with these processes, which may hamper the growth of the target market. Nonetheless, an Increase in the consumption of packed food and beverages is resulting in a high demand for plastics, which in turn, is expected to help the growth of the target market.
Global Industrial Heaters market is segmented on the basis of Product Type, End-Use Vertical and Region. On the basis of product type, the market is segmented into Industrial Water Heaters, Electric Heater, Air Heaters and Others. The Industrial Water Heaters segment accounts for the majority share and is expected to register the highest growth over the forecast period, followed by the Electric Heater segment. On the basis of End-Use Vertical, the market is segmented into Construction, Emergency Heating, Oil and Gas, Chemical Industry, Marine and Others. The Oil and Gas segment accounts for a majority share in the global Industrial Heaters market.
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Global Industrial Heaters Market by Product Type, 2018
On the basis of region, the market is segmented into the United States, China Europe, Japan, Southeast Asia, India, Rest of the World. Europe accounts for the majority share in the global Industrial Heaters market. China is expected to register the highest growth rate over the forecast period.
The research report on the global Industrial Heaters market includes profiles of some of the major companies such as Spirax-Sarco Engineering plc (Chromalox, Inc.), ASPEQ Heating Group LLC (Indeeco), Industrial Heat products, TPI Corporation, Wattco Equipment Inc. and Watlow Electric Manufacturing Company.
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Key Market Segments:
Type
Industrial Water Heaters
Electric Heater
Air Heaters and Others
End-Use Vertical
Construction
Emergency Heating
Oil and Gas
Chemical Industry
Marine and Others
Key Market Players included in the report:
Spirax-Sarco Engineering plc (Chromalox Inc.)
ASPEQ Heating Group LLC (Indeeco)
Industrial Heat products
TPI Corporation
Wattco Equipment Inc.
Watlow Electric Manufacturing Company
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