Electric Industrial Heater Market Size
Electric Industrial Heater Market was valued at USD 1.32 billion in 2023 and is estimated to grow at a CAGR of over 6.5% from 2024 to 2032. The increasing focus on energy-efficient and environmentally friendly heating solutions will have a positive impact on the business landscape.
Electric industrial heaters are important parts of many industrial processes because they provide precise and reliable heating. These heaters are very efficient because they turn almost all of the electricity they use into heat. This makes them better for the environment than heaters that use fuel. Modern electric industrial heaters have smart technologies and connection capabilities built in, which let you monitor, control, and optimize them from a distance. This makes operations run more smoothly, cuts down on downtime, and lets you plan maintenance ahead of time.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Electric Industrial Heater Market Size in 2023 | USD 1.32 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 6.5% |
| 2032 Value Projection | USD 2.32 Billion |
| Historical Data for | 2021 to 2023 |
| No. of Pages | 140 |
| Tables, Charts & Figures | 50 |
| Segments covered | Capacity, Product, Application & Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Electric Industrial Heater Market Trends
The product has important benefits, such as smart technologies and connectivity features, which will help it reach more people. This progress makes it possible to monitor, operate, and optimize heating systems from a distance, which leads to better efficiency, less downtime, and maintenance that can be planned ahead of time. Industries that need accurate and steady heating for their manufacturing processes are driving up the need for specialist process heaters. Also, more people will use industrial heaters as they become more aware of environmental issues and the need to save energy.
Electric Industrial Heater Market Analysis
By 2032, the market for medium-capacity electric industrial heaters will be worth more than $900 million. The business world will gain from more people using these systems in smaller rooms and for customized heating demands. More and more people are using digital controls and automation, which will help the product spread even more. This improvement makes it possible to adjust the temperature exactly, set programmed settings, and monitor things from a distance, which makes operations run more smoothly.
The duct heater electric industrial heater market size will witness growth rate of over 6% through 2032. The rising emphasis on environmental sustainability is pushing industries to adopt electric duct heaters across wide tandem of application areas. The drive for sustainable practices has spurred growing interest in incorporating renewable energy sources into industrial heating systems. This includes the use of solar thermal systems, waste heat recovery solutions and biomass heating. These methods aim to reduce dependence on fossil fuels and lower overall emissions, accelerating the business potential.
Asia Pacific electric industrial heater market is set to surpass USD 1 billion by 2032. These units are utilized in the chemical industry for distillation processes, which involve separating components of a mixture based on their boiling points, thereby enhancing industry potential. Additionally, the widespread use of these systems to dissolve substances and then control the cooling process to induce crystallization of the desired compound will further augment the business landscape.
The flourishing automotive sector coupled with rising investments in the manufacturing sector will invigorate business dynamics. The increasing urbanization rate and growing population rate will boost demand for consumer goods, driving the product deployment. Consequently, this demand has stimulated growth in industries comprising of textiles, plastics, and electronics, all of which rely on specialized heating processes, thereby accelerating the industry growth.
Electric Industrial Heater Market Share
ELMATIC is one of the leading manufacturers and supplier of industrial heaters, renowned for its high-quality products and innovative heating solutions. Specializing in custom-designed electric heating elements and systems, the company caters to a wide range of industries, including chemical processing, food production, pharmaceuticals, and HVAC. Its product portfolio includes cartridge heaters, tubular heaters, immersion heaters, and custom-designed heating solutions tailored to specific industrial requirements.
Electric Industrial Heater Market Companies
The key industry players include
- Accutherm
- Auzhan Electric Appliances
- Backer Hotwatt
- Chromalox
- Electron Systems
- Dragon Power Electric Co.
- Durex Industries
- ELMATIC
- Elmec Heaters
- ExcelHeaters
- HEATCO
- Heatcon
- Heatrex
- Magma Technologies
- Marathon Heater
- Omega Engineering
- Powrmatic
- Tempco Electric Heater Corporation
- Tutco Frrnam
- Ulanet
- Warren Electric
- Watlow Electric Manufacturing Company
- Wattco
- Winterwarm Heating Solutions
Electric Industrial Heater Industry News
- In January 2024, Powermatic has launched the new EUX unit heater which is an eco-friendly electric heating solution. Specifically designed for warehouses, factories, garages, workshops, and manufacturing facilities, this unit offers an energy-efficient way for businesses to heat their spaces. It delivers exceptional warmth and comfort while featuring impressive eco-friendly attributes, marking a significant step toward a greener future.
- In May 2023, Warren Electric announced that they have been acquired by the Nudyne Group's facilitated by Carter Morse & Goodrich. Nudyne's strategic move enhances its industrial water heating capabilities by integrating Warren's expertise in electric immersion heaters. Warren Electric, expresses confidence in the partnership, foreseeing sustained success under Nudyne's ownership.
This electric industrial heater market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments
Market, By Capacity
- Low
- Medium
- High
Market, By Product
- Pipe Heater
- Duct Heater
- Cartridge Heater
- Immersion Heater
- Circulation Heater
Market, By Application
- Oil & Gas
- Chemical
- Food & Beverage
- Manufacturing
- Automotive
- Others
The above information has been provided for the following regions and country
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- Netherlands
- Spain
- Norway
- UK
- Sweden
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Singapore
- Malaysia
- Philippines
- Vietnam
- Indonesia
- Middle East & Africa
- Saudi Arabia
- UAE
- Iran
- Iraq
- Turkey
- South Africa
- Latin America
- Brazil
- Chile
- Argentina
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