Industrial Heaters Market Size, Share & Industry Analysis, By Technology (Electric-based, Steam-based, Hybrid-based Fuel-based), By Product Type (Pipe Heaters, Duct Heaters, Cartridge Heaters, Immersion Heaters, Circulation Heaters ), By Industry (Oil & Gas, Food & Beverages, Petrochemical Industry, Automotive, Pharmaceuticals, Others) and Regional Forecast, 2024-2032

With the increase in technological advancements in the manufacturing sector, consumers are focused on deducting an operational cost, enhance productivity, increase profit margins and to reduce the greenhouse gases. Industries are adopting process heaters, which boosts the productivity by using it in several different activities, such as drying, evaporation, melting, curing, heat treating, and distillation and among others. Moreover, dureing the forecast period, the market is anticipated to grow in the forecasted period, owing to the increasing demand heating process appliances in the industrial sector.

According to present analytical results, industrial process heating operations accounts or 65% of manufacturing sector process energy end-use. Furthermore, Industries adopts different types of industrial heaters, which depends on the temperature, availability, fuel, and among others. Generally, industrial heaters work on different heating process technologies and designs, such as electric-based, fuel-based, steam-based and hybrid process heating technologies.

The industrial heater market is growing with the increasing demand, owing to its different applications in various industries, such as manufacturing, food & beverages and among others. Manufacturers are concentrating on developing industrial heaters that can work in any industry, with full efficiency. Furthermore, manufacturing companies are focused on partnerships and acquisitions to develop innovative products with smart technologies.

Key Players Covered

Some of the major players in the Industrial Heaters market include Auzhan Electric Appliances Co. Ltd., Excel Heaters, Wattco, Elmatic Ltd., Powrmatic Ltd., Winterwarm, Watlow Electric Manufacturing Company, Dragon Power Electric Co. Ltd. and Chromalox.

Segmentation

Regional Analysis

The industrial heaters market in North America is growing significantly as compared with other regions, owing to the increasing number of registered and non-registered manufacturers in the region. Increasing demand for industrial heaters in increasing the performance of a manufacturing plant is boosting the growth of the market in North America. Moreover, in the Asia Pacific, the industrial heaters market is growing with the adoption of smart and efficient ignition systems in residential and industrial sectors. Moreover, the increasing population in countries, such as India and China is another factor that is driving the growth of the market in the region.

Key Recent Developments 

• October, 2017 - Thermon Group Holdings, Inc. acquired CCI Thermal Technologies Inc., which is a leader in the development of engineered heating and filtration solutions for industrial purposes. This will help Thermon Group in expending its product portfolio, across the globe.