Global Industrial Electrical Heating Element Market Size By Type (Immersion Heaters, Tubular Heaters, Circulation Heaters), By Application (Oil & Gas, Building Construction, Pharmaceutical Industry), By Geographic Scope And Forecast

Industrial Electrical Heating Element Market Size And Forecast

Industrial Electric Heating Element Market size was valued at USD 30.82 Billion in 2024 and is projected to reach USD 55.60 Billion by 2031, growing at a CAGR of 5.45% during the forecast period 2024-2031.

An industrial electric heating element is a heating device that converts electricity into heat through the process of resistive or Joule heating. Electric current passing via the equipment encounters resistance, resulting in heating of the element. Unlike the Peltier effect, this procedure is independent of the direction of the current flow. The Global Industrial Electrical Heating Element Market report delivers a holistic evaluation of the market. The report offers a thorough analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a significant role in the market.

Global Industrial Electrical Heating Element Market Definition

A heating element converts electrical energy into heat through the method of Joule heating. Electric current passing via the element encounters resistance, resulting in heating of the element. Industrial heaters are utilized to convert energy from a fuel or energy source to thermal energy in a system, process stream, or closed environment.

The process by which thermal energy is transformed from an energy source to a system can be defined as heat transfer. Typically, heating elements are made from a coil, ribbon, or strip of wire that delivers heat (like a lamp filament). Heating elements comprise an electric current, which flows via the wire, coil, or ribbon and becomes very hot. The element alters the electrical energy passing through it into heat, which spawns outward in every direction.

Heating elements? They're basically wizards that turn electricity into cozy heat! But to get how they do it, we need a tiny electricity refresher. Think of it this wayconductors are like highways for electricity – it zips right through. On the other hand, insulators are like roadblocks. Now, both conductors and insulators put up some fight against electricity, just different amounts. Conductors are pretty chill, offering low resistance, while insulators are like, "Nope, not getting past me!" That's why electronic circuits have resistors; they're like the traffic cops of electricity, controlling the current flow. And just so we're clear, in this report, "Industrial electric heating element" means the heavy-duty heaters you find in factories and workshops, not the ones in your toaster or hairdryer.

Global Industrial Electrical Heating Element Market Overview

So, you know how everyone's suddenly wanting more electric heating stuff? That's a big reason the market's booming! It's all because electric heating is pretty great – think temperature-controlled processes and clean heating. Plus, no firing needed means no dust or nasty flue gases! And get thisit's actually pretty cheap to install, run, and maintain, which is a major plus. Oh, and did I mention it's easy to use and super quiet? All this good stuff is making manufacturers crank out more equipment, which is only going to make things even hotter (pun intended!). On top of that, places like India, Brazil, Mexico, and Malaysia are getting more industrialized, which means even more need for this equipment. Stricter government rules about sustainable buildings are pushing for electric heating too. And finally, people are ditching old-school heating for electric because it's way more energy-efficient. Talk about a win-win!

Furthermore, an increase in continuous and stable energy demands from industries in developing economies increases the growth of the heaters, which in turn drives the market. Also, an increase in oil & gas exploration and production activities and a rise in expansion projects coupled with other construction activities in growing and developed economies propel the demand for the market in the forthcoming years.

However, the implementation of stringent government regulations toward environmental pollution acts as a restraint on the overall market growth. Also, fluctuation in prices of raw materials & spare parts used for manufacturing electrical heating elements associated with the high cost of research & development is expected to hinder the growth in demand for the Industrial Electric Heating Element market during the forecast period.

The COVID-19 pandemic really hit hard, didn't it? The Chemical & Plastics Industry, manufacturing, and oil & gas sectors were all slammed, and construction? Forget about it – projects were either stopped completely or severely limited. Basically, manufacturing and transportation ground to a halt, and all the supply chains that keep everything running were totally disrupted. That definitely put a damper on the Industrial Electric Heating Element market. But hey, things started looking up in the third and fourth quarters of 2020! And now, slowly but surely, everyone's getting back to work, cranking up those manufacturing lines and offering services again. We're hoping this means companies can finally get back to running at full capacity, which should give the market the boost it needs to start bouncing back. Learn more here.

Global Industrial Electrical Heating Element MarketSegmentation Analysis

The Global Industrial Electrical Heating Element Market is segmented on the basis of Product, Application, and Geography.

Industrial Electrical Heating Element Market, By Type

• Immersion Heaters
• Tubular Heaters
• Circulation Heaters
• Band Heaters
• Strip Heaters
• Coil Heaters
• Flexible Heaters

To Get Summarized Market Report By Type-

Based on Type, the market is bifurcated Tubular Heaters, Immersion Heaters, Coil Heaters, Circulation Heaters, Strip Heaters, Band Heaters, and Flexible Heaters. Tubular Heaters accounted for the largest market share in 2020. Tubular heaters provide a great way of maintaining the ambient temperature in a variety of environments and are cleaner and more cost-effective than other alternatives.

Industrial Electrical Heating Element Market, By Application

• Chemical & Plastics Industry
• Oil & Gas
• Building Construction
• Pharmaceutical Industry
• Food Industry

To Get Summarized Market Report By Application-

On the basis of application, the Global Industrial Electric Heating Element Market has been segmented into Oil & Gas, Chemical & Plastic, Pharmaceuticals, Building, and Food. Oil & Gas accounted for the largest market share in 2020. The rising demand for crude oil globally coupled with the development of integrated facilities in emerging economies is expected to boost consumption in the application segment.

Industrial Electrical Heating Element Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

To Get Summarized Market Report By Geography-

On the basis of regional analysis, the Global Industrial Electric Heating Element Market is classified into North America, Europe, Asia Pacific and Rest of the world. Asia Pacific is expected to hold the largest market share of the Industrial Electric Heating Element over the forecast period followed by North America. The Asia Pacific region is expected to grow at a significant pace over the forecast period, owing rising capital investment along with increase exports in Bangladesh, Vietnam, and Malaysia is expected to have a positive impact on the market over the forecast period.

Key Players

The “Global Industrial Electrical Heating Element Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Watlow, Industrial Heater Corporation, Chromalox, Tutco Heating Solutions Group, Minco, Tempco Electric Heating Element Corporation, NIBE, OMEGA, Durex Industries, Indeeco, Delta MFG, Wattco, among others.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• NIBE Industrier AB has signed an agreement to acquire 50% of the shares in the English company Go Geothermal Ltd and the remaining shares within five years.
• OMEGA Expands Sensor Offerings through a Strategic Partnership With B&K Vibro

Report Scope

Research Methodology of Market Research