Global Industrial Heaters Market by Product Type (Industrial Water Heaters, Electric Heater, and Others), By End-Use Vertical (Construction, Emergency Heating, Oil and Gas, and Others), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

  • TBI939048
  • September 16, 2021
  • Global
  • 145 pages
  • Market.US
                                              

Report updated on 11th September, 2021: Global Industrial Heaters Market by Product Type (Industrial Water Heaters, Electric Heater, and Others), By End-Use Vertical (Construction, Emergency Heating, Oil and Gas, and Others), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

Trusted Business Insights has published a comprehensive market research report on, Global Industrial Heaters Market by Product Type(Industrial Water Heaters, Electric Heater, Air Heaters and Others), By End-User Vertical (Construction, Emergency Heating, Oil and Gas, Chemical Industry, Marine and Others), and by Region -Global Forecast to 2030, which 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$ 30,401.0 Mn in 2020 to reach US$ 46,427.6 Mn by 2030 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 a different kind 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 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. Robust growth of end-use industries such as construction, oil & gas, chemicals industry and others is one of the major factors is propelling market growth for industrial heaters.

Global Industrial Heaters Market Revenue (US$ Mn), 2021 to 2030

However, Lack of trained and skilled labour 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, Increase in the consumption of packed food and beverages is resulting in 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 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.

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.

Below are the active patents related to Industrial Heaters Market.

Patent Number: US8037931B2 Hybrid water heating system Abstract A hybrid heating apparatus heats potable water with waste heat from heat recovery units and insolation from solar collectors. A single circulation pump circulates fluid between at least one heat exchanger and each of the heat recovery units and preferably the solar collector. A single controller receives sensor readings from the heat recovery units and the solar collector units and receives a demand to heat the potable water. To satisfy the demand, the controller determines the extent to which the demand may be satisfied from heat available from the heat recovery units and the solar collector units and sends command signals both to the circulating pump to circulate the fluid and to appropriate ones of valves at connections to those heat recovery units and solar collector units to allow fluid to circulate to be heated to flow to the heat exchanger for effecting heat exchange to heat the potable water. Application File Date: 2010-06-22 Application Granted Date: 2011-10-18 Inventor: Krassimire Mihaylov PenevGordon Patrick Whelan Patent Number: US20140102124A1 Hybrid Heating System Abstract Hybrid heating system including: a heat pump water heating system; sensors, for measuring a system parameter; an input arrangement providing cost data pertaining to a first power cost for supplying power to the heat pump system, and to cost information pertaining to a second power cost for operating a conventional heating system; a processor storing criteria specifying when to operate the heat pump and conventional systems, the processor receiving and processing: cost data; cost information; system parameter data; flow information on a heat exchange system circulation arrangement, and heat pump system power consumption information; and concurrently operating, upon demand, the heat pump system and a chiller system in opposite heating modes; wherein, when the chiller system operates in a cooling mode, the processor processes the cost data and information, system parameter data, and flow and power consumption information, and controls the systems based on the criteria. Application File Date: 2013-10-14 Application Granted Date: 2015-09-08 Current Assignee: Phoebus Energy Ltd Patent Number: US20150208739A1 Unitary garment heating device Abstract A unitary garment heating device that integrates with a garment to provide uniform heat throughout the garment. The device includes a plurality of nodes that position on various areas of the garment to distribute the heat. The nodes are fabricated from a conductive metallic yarn. A continuous conduit having no junctions carries current for generating heat, and connects the nodes to form a unitary heating device. The conduit is fabricated from the same material as the nodes, thereby forming a unitary device. The lack of junctions on the conduit helps eliminate problems such as shorts, and moisture exposure form rain or sweat. The conduit runs in a series circuitry to minimize shorts and arcing. The conduit is covered with a laminate and urethane to inhibit contact with moisture. A communication apparatus, such as a smart phone, monitors and regulates the temperature. A power supply and microprocessor are also attached. Application File Date: 2015-01-27 Application Granted Date: 2017-12-05 Current Assignee: Innovative Sports Inc

Key Market Segments:

By Product Type
  • Pipe Heaters
  • Immersion Heaters
  • Duct Heaters
  • Cartridge Heaters
  • Circulation Heaters
By Technology
  • Electricity Based
  • Stream Based
  • Hybrid Based
By End User
  • Chemical Industry
  • Oil and Gas Industry
  • Plastic Industry
  • Food & Beverage Industry

Key Market Players included in the report:

  • ASPEQ Heating Group
  • Auzhan Electric Appliances (Shanghai) Co Ltd
  • Danfoss Group
  • Dragon Power Electric Co Ltd.
  • Elmatic (Cardiff) Ltd
  • Emerson Electric Co.
  • Excel Heaters Elmatic (Cardiff) Ltd.
  • Honeywell International Inc.
  • Ingersoll-Rand PLC
  • Johnson Controls
  • Kantilal Chunilal & Sons Appliances Private Ltd
  • Lennox International Inc.
  • Mitsubishi Electric Corporation
  • Nortek Inc.
  • Powrmatic Ltd
  • Robert Bosch GmbH
  • Schneider Electric SE
  • Siemens AG
  • Spirax-Sarco Engineering plc (Chromalox Inc.)
  • TPI Corporation
  • United Technologies Corporation
  • Uponor Corporation
  • Vijay Heat Industries
  • Watlow Electric Manufacturing Company
  • Wattco Equipment Inc.
  • Winterwarm

Below are the key development related to Industrial Heaters Market in 2020 and 2021.

February 2021: Watlow, one of St. Louis biggest manufacturers, to be acquired by private investment firm. Peter Desloge is chairman and CEO of Watlow. Desloge family shareholders will continue to have minority ownership in the nearly 100-year-old company. Maryland Heights-based electronics manufacturer Watlow has been acquired by private investment firm Tinicum LP, pending regulatory approvals. Owned by the Desloge family, Watlow is a maker of thermal systems and related software, and employs 401 people locally and 2,200 globally. A company spokesman said no layoffs or facility closures are expected with the deal, and the company headquarters will remain in Maryland Heights. Officials said the Desloge family and other shareholders will maintain a minority ownership in the company, which was founded in 1922, after the deal closes. The acquisition follows Watlows own series of purchases that helped the company scale business globally. Source July 2020: Dow announces sale of rail infrastructure assets at six North American sites. Transaction driven by best-owner mindset and focus on investing for growth in core businesses Watco Companies selected as new rail operations partner, bringing industry-leading rail experience and capabilities, as well as opportunities for growth investments. Dow Inc. (NYSE: DOW) announced that it has signed a definitive agreement to sell its rail infrastructure assets and related equipment at six major North American sites to Watco Companies (Watco), a Pittsburg, Kansas-based transportation company providing transportation, terminal and port, supply chain, and mechanical solutions for customers throughout North America and Australia. Dow expects to receive cash proceeds in excess of $310 million as part of the transaction. The assets are located at Dow’s sites in Plaquemine and St. Charles, Louisiana; Freeport and Seadrift, Texas; and Ft. Saskatchewan and Prentiss in Alberta, Canada. Source

Chapter 1 Global Industrial Heaters Market Overview

1.1 Introduction
1.2 Drivers for Global Industrial Heaters Market
1.3 Restraints for Global Industrial Heaters Market
1.4 Global Industrial Heaters Market by Product Type

1.4.1 Global Industrial Heaters Revenue (US$ Mn) Comparison by Product Type (2012-2028)
1.4.2 Global Industrial Heaters Revenue (US$ Mn) Market Share by Product Type in 2018
1.4.3 Global Industrial Heaters Market Attractiveness Analysis by Product Type, 2012–2018


1.5 Global Industrial Heaters Market by End-Use Vertical

1.5.1 Global Industrial Heaters Revenue (US$ Mn) Co
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