Industrial electrical heating element market is anticipated to grow at a CAGR of 3.5% during the forecast period.The surge in demand for electrical heating equipment is a primary factor contributing to the growth of the global market. The demand is increased owing to the various advantages associated with it including temperature-controlled processes and clean heating.Additionally,it is a noise-free device that is easy to operate and economical in terms of installation and running.
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Another factor propelling the market growth includesthe rising demand for electrical heating equipment among various industries along with the contribution of major player such as Leminar Air Conditioning Co., Rheem, and Tempco Electric Heater Corp., that adopted numerous tactical moves which include collaboration, partnership, and expansion to stay competitve in the global is expected to drive the market growth during the forecast period. For instance, in August 2022, Leminar Air Conditioning Co. signed a distribution agreement with Rheem. The partnership fortifies the three-decades-long collaboration between the two companies expanding its portfolio of cooling solutions to include efficient water and air heating offerings. Moreover, the partnership has enabled both companies to continue to jointly cater to the needs of the UAE market and bring a more extensive selection of futuristic air and water turnkey solutions to the region through Rheem’s wide range of products in both sectors.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Industrial Electrical Heating Element Market by Product
- Immersion Heaters
- Tubular Heaters
- Circulation Heaters
Global Industrial Electrical Heating Element Market by Application
- Oil and Gas
- Building Construction
- Pharmaceuticals Industry
- Food Industry
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Chromalox
- Durexindustries
- Freek Gmbh
- Headway Electric Heat PRODUCTts Co.,Ltd.
- Heatact Super Conductive Heat – Tech Co., Ltd.
- Hotset GmbH
- Minco
- Nibe
- Omega Heater
- Tempco Electric Heater Corp.
- Thermowatt S.p.A
- Tutco Heating Solutions Group
- Zhenjiang Dongfang Electric Heating Technology Co.,Ltd.
- Zoppas Industries
The Report Covers
- Market value data analysisof 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global industrial electrical heating element market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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