North America Electric Heating Elements (Electric Heater) Market Size By Product (Immersion Heaters, Tubular Heaters, Coil Heaters), By Application (Appliances, Pharmaceutical Industry, Transportation), By Geographic Scope And Forecast

North America Electric Heating Elements (Electric Heater) Market Size And Forecast

North America Electric Heating Elements (Electric Heater) Market was valued at USD 4,104.26 Million in 2022 and is projected to reach USD 5,916.84 Million by 2030, growing at a CAGR of 4.66 % from 2024 to 2030.

Growing industrial demand and increasing incorporation of energy efficiency measures are factors driving the market. The North America Electric Heating Elements (Electric Heater) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

North America Electric Heating Elements (Electric Heater) Market Definition

Electric heating elements, sometimes called electric heaters, are essential components that convert electrical energy into heat. These multipurpose appliances find extensive use in commercial, industrial, and domestic settings. Electric heaters use a simple yet effective technique that converts power into heat energy to provide regulated and effective warmth. Electric heaters are becoming a popular option for space heating, water heating, and various industrial processes because of their dependability, simplicity of installation, and versatility.

Electric heaters are widely used in various applications, such as homes, businesses, and offices, where they are vital for supplying warmth, particularly in the winter months. Additionally, they are also essential components in both residential and commercial contexts, these heating elements are also vital to water heating systems. They are responsible for heating water for homes and businesses, ensuring a continuous hot water supply for various applications. Moreover, electric heaters are used in different industrial processes to provide accurate and regulated heating solutions. They are essential in industries where maintaining precise temperature settings is crucial for assuring product quality and maximizing production efficiency, such as plastic molding, food processing, and chemical manufacturing.

North America Electric Heating Elements (Electric Heater) Market Overview

The ‘North America Electric Heating Elements (Electric Heaters) Market’ is witnessing significant growth owing to various driving factors such as growing industrial demand, and increasing incorporation of energy efficiency measures are anticipated to drive the market growth. The demand for Electric Heating Elements (Electric Heaters) is growing due to the rapidly expanding manufacturing, food processing, and material production industries. As industries grow, the demand for electric heating elements in processes like drying, melting, and curing increases.

However, the growing electricity costs are anticipated to strangle the growth of the market over the forecasted period. Moreover, the integration of electric heaters with renewable energy sources, specifically solar and wind power. are creating new opportunities for the North America Electric Heating Elements (Electric Heaters) Market to grow soon.

Furthermore, the rapidly expanding manufacturing, food processing, and material production industries are attributed to drive the demand for electric heaters. The North America Electric Heating Elements (Electric Heaters) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market. Additionally, rapidly expanding manufacturing, food processing, and material production industries are attributed to drive the demand for electric heaters.

The North America Electric Heating Elements (Electric Heaters) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market. The North America Electric Heating Elements (Electric Heater) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market

North America Electric Heating Elements (Electric Heater) Market Segmentation Analysis

The North America Electric Heating Elements (Electric Heater) Market is segmented based on Product, Application and Geography.

North America Electric Heating Elements (Electric Heater) Market, By Product

• Immersion Heaters
• Tubular Heaters
• Coil Heaters
• Etch Foil Heaters
• Circulation Heaters
• Band Heaters
• Strip Heaters
• Others

The North America Electric Heating Elements (Electric Heaters) Market is experiencing a scaled level of attractiveness in the Immersion Heaters segment. Immersion Heaters accounted for the largest market share of 26.02% in 2022, with a market value of USD 1,068.02 Million and is projected to grow at the highest CAGR of 5.30% during the forecast period. Tubular Heaters was the second-largest market in 2022, valued at USD 855.57 Million in 2022; it is projected to grow at a CAGR of 4.36%.

The demand for Immersion Heaters is high across the world; thus, the segment is holding the largest share of the market as they are highly energy-efficient because they directly heat the fluid or substance they are immersed in, minimizing heat loss during the transfer. This efficiency leads to cost savings in terms of energy consumption. Additionally, Immersion heaters heat liquids or gases rapidly, allowing for near-instantaneous hot water or fluid production. This quick heating feature is particularly advantageous in applications where on-demand hot water or immediate heating is required.

North America Electric Heating Elements (Electric Heater) Market, By Application

• Appliances
• Chemical & Plastics Industry
• Pharmaceutical Industry
• Transportation
• Others

The North America Electric Heating Elements (Electric Heaters) Market is experiencing a scaled level of attractiveness in the Appliances segment. Appliances accounted for the largest market share of 27.83% in 2022, with a market value of USD 1,142.19 Million and is projected to grow at the highest CAGR of 5.34% during the forecast period. Chemical & Plastics Industry was the second-largest market in 2022, valued at USD 823.42 Million in 2022; it is projected to grow at a CAGR of 4.54%.

Electric heating elements, including those used in electric heaters, are commonly used in household appliances for various heating and thermal control applications. They play a crucial role in providing warmth, comfort, and functionality in numerous appliances. Some examples of how electric heating elements are consumed in household appliances include water heaters, space heaters, ovens and ranges, toasters and toaster ovens, microwave ovens, hair dryers, clothes dryers, etc.

North America Electric Heating Elements (Electric Heater) Market, By Geography

• U.S.
• Canada
• Mexico

The North America Electric Heating Elements (Electric Heaters) Market is experiencing a scaled level of attractiveness in the U.S. The U.S. had prominent presence and holds the major share of the market. U.S. is accounted for the significant market share of 82.60% in 2022. The region is projected to gain incremental market value of USD 1,226.65 Million and is projected to grow at a CAGR of 4.85% between 2024 and 2030.

The growing adoption of electric appliances in the U.S. is a key factor driving the growth of the market. For instance, as per The Observatory of Economic Complexity, electric heaters were the 53rd most purchased product globally, and U.S. accounted for USD 12.8 Billion in imports. Additionally, the increasing climate uncertainties such as longer periods of cold in the country are attributed to further drive the demand for these heaters.

Key Players

The major players in the market include Backer Hotwatt, Tutco Heating Solutions Group, Chromalox, Rheem Manufacturing Company (Paloma), Bosch, Watlow, Zoppas Industries Heating Element Technologies, Omega Engineering, Warren Electric Corporation, Pelonis Technologies, Inc., DALTON ELECTRIC HEATING CO., INC., Delta MFG, Indeeco LLC, Tempco Electric Heater Corporation, Durex Industries, Thermal Corporation, HI Heaters Industries Inc., WATTCO, Industrial Heater Corp., Hotset Gmbh, Waage Electric, Inc., Glo-Quartz Inc., Thermal Transfer Systems Inc., Thermcraft (Alloy Engineering)., among others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with electric heater benchmarking and SWOT analysis.

Key Developments

• In February 2022, Sun Electric Heater Company of Salem, Massachusetts was recently bought by Backer Hotwatt, Inc. Backer Hotwatt expands its heating element product portfolio with this acquisition in order to provide greater value to its clients. Backer Hotwatt will now sell the SunRod tiny cartridge heater as a result of this acquisition.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness