Electric Fuel Heater Market Size, Share & Industry Analysis, By Fuel Type (Diesel, Fuel Oil, Natural Gas, Others), By End-Use (Automobiles, Gas Generators, Others) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The thermal efficiency of power generating cycles is critical for the economical operation of a device or equipment. The thermal depends on the temperature of the fuel before combustion. If the temperature of the fuel is less stipulated temperature, the thermal efficiency suffers a loss, and hence it is required to heat the fuel to a specific temperature before combustion. In cold conditions, the flowability of the fuel is less and adversely affects the functioning of the device or equipment. Hence, fuel heaters have become crucial parts of the many power generating device or equipment like IC engines, gas turbines, boiler systems, etc.
Based on fuel types, the electric fuel heater market can be segmented into diesel, fuel oil, natural gas, and others. The electric fuel heaters are also used to heat the various fuel oils or gas used to fire a boiler. Electric fuel heaters are used in automobiles to pre-heat the petrol or diesel above the ambient temperatures. Based on end-use, the electric fuel heater market is segmented in automobiles, gas generators, and others.
The major market driver for the global electric fuel heater market is the increasing demand for automobiles. The increase in the number of automobiles in the cold region is bound to increase the market for electric fuel heaters. The increasing popularity of gas generators is also a big boost to the electric fuel heater market.
Key Market Driver -
Key Market Driver – Increase in sales of automobiles
Key Market Restraint -
Key Market Restraint – Development of alternative technology
The key market restraint for the global electric fuel heater market is the development of electric vehicle technology, which does not require the use of electric fuel heaters. The electric vehicle market is still in nascent stage, and the governments worldwide are promoting use of electric vehicles with rebates and incentives.
Key Players Covered:
Some of the major companies that are present in the electric fuel heater market are Phillips & Temro Industries, Parker Hannifin, Davco Technology, LLC, Warren Electric Corporation, Arctic Fox BV, Hydradyne, Chromalox, EXHEAT Group, Wattco, Bolland Machine, Watlow, Cummins Filtration, Mahle GmbH and Astec Industries, Inc.
Regional Analysis:
The global electric fuel heater market has been spread into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The electric fuel heater market is predominant in the cold areas of the world and heavily dependent on the traditional automobiles, which run on internal combustion engines. China is the world leader in a number of automobiles sold and has a lot of market potential. The number of cars per thousand people is low as compared to developed world. The car ownership in China is set to increase on account of rising disposable income, and it will significantly boost the electric fuel heater market.
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Asia-Pacific countries like New Zealand, China, Japan, and South Korea have colder weather, which requires the use of electric fuel heaters for efficient performance of engine. The use of trucks for trade of goods and commodities is a major boost for the electric fuel heater market. The traditional cars in Europe and North America require use of electric fuel heaters as this region is closer to the North Pole. Fuels like natural gas and diesel oil are pre-heated above the ambient temperature to increase the thermal efficiency of the power plant. Such methods are used commonly in Europe and North America. The use of natural gas-based generators is increasing in Europe and North America as popularity of natural gas is increasing. The use of natural gas-based generators requires use of electric fuel heaters.
Segmentation
ATTRIBUTE | DETAILS |
By Fuel Type |
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By End-Use |
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By Geography |
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Key Industry Developments
- In April 2019, Cummins Inc. recalled medium-duty diesel engines used in Navistar International Corp. trucks, buses and emergency vehicles because of seven fires related to overheating of the electric fuel heater.
- In December 2018, Ford announced it is recalling more than 400,000 F-Series trucks to fix an engine heater flaw. The 2015-2019 F-150 and 2017-2019 F-Series Super Duty models with block heaters are affected.
- Ongoing
- 2023
- 2019-2022
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