Cast Aluminum Heating Board Market - By Product Type (Flat Cast Aluminum Heating Boards, Cast Aluminum Heating Boards, Cast Aluminum Heating Mats, Cast Aluminum Radiators), By Heating Element Type, By Temperature range, By Application, By End use, By Distribution Channel & Forecast, 2023 – 2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Cast Aluminum Heating Board Market - By Product Type (Flat Cast Aluminum Heating Boards, Cast Aluminum Heating Boards, Cast Aluminum Heating Mats, Cast Aluminum Radiators), By Heating Element Type, By Temperature range, By Application, By End use, By Distribution Channel & Forecast, 2023 – 2032
Cast Aluminum Heating Board Market - By Product Type (Flat Cast Aluminum Heating Boards, Cast Aluminum Heating Boards, Cast Aluminum Heating Mats, Cast Aluminum Radiators), By Heating Element Type, By Temperature range, By Application, By End use, By Distribution Channel & Forecast, 2023 – 2032
Cast Aluminum Heating Board Market Size
Cast Aluminum Heating Board Market size was valued at around USD 1.5 billion in 2022 and is anticipated to grow at a CAGR of 8.9% between 2023 and 2032. Increasing industrialization and automation in various sectors, including manufacturing, food processing, and automotive, drive the demand for efficient heating solutions like cast aluminum heating boards.
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Industries that require precise temperature control and uniform heating, such as semiconductor manufacturing and electronics assembly, rely on cast aluminum heating boards for their exceptional heat distribution and control capabilities. Cast aluminum heating boards are known for their energy efficiency.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Cast Aluminum Heating Board Market Size in 2022 | USD 1.5 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 8.9% |
| 2032 Value Projection | USD 3.5 Billion |
| Historical Data for | 2018 to 2032 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 191 |
| Segments covered | Product type, Heating element, Temperature Range, Application, End-use, Distribution Channel, Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
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The market for heating solutions, including cast aluminum heating boards, is highly competitive. Volatility in the prices of raw materials, particularly aluminum and energy sources, can significantly impact manufacturing costs and profitability. Compliance with safety, environmental, and quality regulations is essential. Thus, the risks associated with Cast aluminum heating board may drive down the acceptance rate, further hampering the business growth.
COVID-19 Impact
Many manufacturing facilities had to temporarily shut down or operate with reduced capacity to comply with lockdown measures and ensure the safety of workers. This resulted in production delays and a backlog of orders. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the business expansion in the upcoming years.
Cast Aluminum Heating Board Market Trends
There is a growing emphasis on energy-efficient heating solutions that reduce electricity consumption and environmental impact. Cast aluminum heating boards are increasingly designed with energy-efficient features to meet sustainability goals. Manufacturers are offering customized cast aluminum heating boards tailored to specific applications and industries. This trend allows customers to optimize heating solutions for their unique needs.
Cast Aluminum Heating Board Market Analysis
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Based on product, the cast aluminum heating board market is segmented as Flat Cast Aluminum Heating Boards, Cast Aluminum Heating Boards, Cast Aluminum Heating Mats, Cast Aluminum Radiators. Flat Cast Aluminum Heating Boards held a majority market value of USD 0.5 billion in 2022. Flat cast aluminum heating boards are commonly used in industrial manufacturing processes that require precise and consistent heating.
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Based on heating element type, cast aluminum heating board market is segmented as Resistance Wire, PTC (Positive Temperature Coefficient) Elements, Micathermic Heating Elements, Infrared Heating Elements. Resistance Wire held a dominant market share of around 50% in 2022 and is expected to grow at a lucrative pace through 2032. Resistance heating elements, such as Nichrome or Kanthal wire, are known for their energy efficiency.
Based on temperature range, the cast aluminum heating board market is segmented as low, medium, high. Low range held a dominant market share in 2022 and is anticipated to grow at 9% CAGR up to 2032. Demand for cast aluminum heating boards in this temperature range is driven by applications like food warming trays, beverage dispensers, and food dehydrators.
Based on application, cast aluminum heating board market is segmented as Industrial heating, Commercial heating, Residential heating. Industrial heating held a dominant market share in 2022 and is anticipated to grow significantly till 2032. The plastics industry uses cast aluminum heating boards in injection molding machines for precise and uniform heating, ensuring high-quality molded products.
Based on end-use, the cast aluminum heating board market is segmented as Electronics Manufacturing, Food Processing, Automotive, Aerospace, Healthcare, Chemical Processing, Oil and Gas, Textiles, Construction. Electronics held a dominant market share in 2022 and is anticipated to grow moderately till 2032. Precision temperature control is vital in electronics manufacturing processes, including soldering and PCB assembly.
Based on distribution channel, the cast aluminum heating board market is segmented as Direct Sales, Distributors and Wholesalers, Online Retail, B2B Sales. Direct Sales held a dominant market share in 2022 and is anticipated to grow up to 2032. Customers with unique heating board requirements may prefer direct interaction with manufacturers to customize heating boards to their specific needs.
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U.S. dominated the North American region with majority cast aluminum heating board market share and a revenue of USD 0.4 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America has a robust industrial sector, including automotive, electronics, aerospace, and pharmaceuticals. These industries rely on cast aluminum heating boards for various processes, such as curing, molding, and bonding.
Cast Aluminum Heating Board Market Share
Some of the major industry players operating in the Cast aluminum heating board market are
- Watlow Electric Manufacturing Company
- Delta MFG
- Cast Aluminum Solutions
- Hotwatt, Inc.
- Tutco-Farnam
- Dalton Electric Heating Co., Inc.
- Backer Marathon, Inc.
- Durex Industries
- Industrial Heating Elements
- Tempco Electric Heater Corporation
- Pelonis Technologies, Inc.
- Warren Electric Corporation
- Temp-Pro Inc.
- Chromalox, Inc.
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Cast aluminum heating board Industry News
- In 2022, Watlow Electric Manufacturing Company launched POWERSAFE™ Thermal System. POWERSAFE™ is a fully integrated medium voltage control and heating solution that offers longer heater life, allowing consumers to confidently replace fossil fuel solutions with a clean electric solution. It also meets the necessary agency requirements to help make process safe and reliable.
Cast aluminum heating board market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments
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By Product Type
- Flat Cast Aluminum Heating Boards
- Cast Aluminum Heating Boards (Embedded Heating Elements)
- Cast Aluminum Heating Boards (with Fins)
- Cast Aluminum Heating Mats
- Cast Aluminum Radiators
By Heating Element Type
- Resistance Wire
- PTC (Positive Temperature Coefficient) Elements
- Micathermic Heating Elements
- Infrared Heating Elements
By Temperature Range
- Low
- Medium
- High
By Application
- Industrial heating
- Commercial heating
- Residential heating
By End-use
- Electronics Manufacturing
- Food Processing
- Automotive
- Aerospace
- Healthcare
- Chemical Processing
- Oil and Gas
- Textiles
- Construction
By Distribution Channel
- Direct Sales
- Distributors and Wholesalers
- Online Retail
- B2B Sales
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
1.7.1 Primary
1.7.2 Secondary
1.7.2.1 Paid sources
1.7.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Cast aluminum heating board industry 3600 synopsis, 2018 – 2032
2.2 Business trends
2.3 Product Type trends
2.4 Heating element type trends
2.5 Temperature range trends
2.6 Application trends
2.7 End-use trends
2.8 Distribution channel trends
2.9 Regional trends
Chapter 3 Cast aluminum heating board Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
3.3.1 By product type
3.3.2 By heating element type
3.3.3 By temperature range
3.3.4 By application
3.3.5 By end-use
3.3.6 By distribution channel
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Reimbursement scenario
3.8 Technology landscape
3.9 Future market trends
3.10 GAP analysis
3.11 Porter's analysis
3.12 PESTEL analysis
3.13 Impact of the Russia-Ukraine War
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard
Chapter 5 Cast aluminum heating board Market Size and Forecast, By Product type 2018 – 2032
5.1 Flat Cast Aluminum Heating Boards
5.2 Cast Aluminum Heating Boards (Embedded Heating Elements)
5.3Cast Aluminum Heating Boards (with Fins)
5.4Cast Aluminum Heating Mats
5.5 Cast Aluminum Radiators
Chapter 6 Cast aluminum heating board Market Size and Forecast, By Heating element type 2018 – 2032
6.1 Resistance Wire
6.2 PTC (Positive Temperature Coefficient) Elements
6.3 Micathermic Heating Elements
6.4 Infrared Heating Elements
Chapter 7 Cast aluminum heating board Market Size and Forecast, By Temperature Range 2018 – 2032
7.1 Low
7.2 Medium
7.3 High
Chapter 8 Cast aluminum heating board Market Size and Forecast, By Application 2018 - 2032
8.1 Industrial heating
8.2 Commercial heating
8.3 Residential heating
Chapter 9 Cast aluminum heating board Market Size and Forecast, By End-use 2018 - 2032
9.1 Electronics Manufacturing
9.2 Food Processing
9.3 Automotive
9.4 Aerospace
9.5 Healthcare
9.6 Chemical Processing
9.7 Oil and Gas
9.8 Textiles
9.9 Construction
Chapter 10 Cast aluminum heating board Market Size and Forecast, By Distribution channel 2018 - 2032
10.1 Direct Sales
10.2 Distributors and Wholesalers
10.3 Online Retail
10.4 B2B Sales
Chapter 11 Cast aluminum heating board Market Size and Forecast, By Region 2018 - 2032
11.1 Key trends, by region
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Spain
11.3.5 Italy
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 South Korea
11.4.6 Indonesia
11.4.7 Malaysia
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Argentina
11.6 MEA
11.6.1 South Africa
11.6.2 Saudi Arabia
11.6.3 UAE
11.6.4 Egypt
Chapter 12 Company Profiles
12.1 Watlow Electric Manufacturing Company
12.2 Delta MFG
12.3 Cast Aluminum Solutions (CAS)
12.4 Cast Aluminum Solutions LLC
12.5 Hotwatt, Inc.
12.6 Tutco-Farnam
12.7 Dalton Electric Heating Co., Inc.
12.8 Backer Marathon, Inc.
12.9 Durex Industries
12.10 Industrial Heating Elements
12.11 Tempco Electric Heater Corporation
12.12 Pelonis Technologies, Inc.
12.13 Warren Electric Corporation
12.14 Temp-Pro Inc.
12.15 Chromalox, Inc.
- Watlow Electric Manufacturing Company
- Delta MFG
- Cast Aluminum Solutions
- Hotwatt, Inc.
- Tutco-Farnam
- Dalton Electric Heating Co., Inc.
- Backer Marathon, Inc.
- Durex Industries
- Industrial Heating Elements
- Tempco Electric Heater Corporation
- Pelonis Technologies, Inc.
- Warren Electric Corporation
- Temp-Pro Inc.
- Chromalox, Inc.