Global Electric Surface Heaters Market, By Type (Silicone Rubber-Based, Polyimide-Based, Polyester-Based, Mica-Based, Others), Industry (Electronics and Semiconductor, Aerospace and Defense, Medical, Automotive, Food and Beverages, Oil and Gas and Mining, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)- Industry Trends and Forecast to 2029.
Market Analysis and Insights of Electric Surface Heaters Market
Electric surface heaters market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the electric surface heaters market to exhibit a CAGR of 7.40% for the forecast period of 2022 to 2029.
Electric surface heaters is an electrical device that converts an electric current into heat. Electric surface heaters are basically a system that is used to maintain or raise the temperature of pipes and vessels using heat tracing cables. Trace heating takes the form of an electrical heating element run in physical contact along the length of a pipe. They are also widely used in various end use industries such as electronics and semiconductor, aerospace and defense, medical, automotive, food and beverages, oil and gas and mining and others within the forecast period.
The increasing widening application of such furnace in electronics and therapeutic instruments as an efficient heating source, which can supervise reciprocated injuries without ruining the heating components and heating valves will emerge as the major factor driving market growth within the forecast period of 2022 to 2029. Furthermore, the pivotal producers of electric surface heaters market are constantly converging on the establishment of high-level technologies in surface heating goods progress to augment its effectiveness while diminishing the expense, existence of a strict legislative structure pertaining to HVAC systems and building regulations and progressing trade from microelectronics and semiconductor manufacturing will further aggravate the market value. However, huge opposition from local market players and big operational expenses can render act as a restraint for the market.
In addition to this, increasing inclination of manufacturers towards technology adoptions and automation in the equipment processing of electrical system maintenance are estimated to create new opportunities for growing the market within the forecast period of 2022 to 2029. The slowdown of supply chain due to lockdowns and restrictions because of COVID-19 result as a challenge for the market.
This electric surface heaters market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on electric surface heaters market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electric Surface Heaters Market Scope and Market Size
The electric surface heaters market is segmented on the basis of type and industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Electric surface heaters market, on the basis of type has been segmented as silicone rubber-based, polyimide-based, polyester-based, mica-based and others.
- Electric surface heaters market has also been segmented on the basis of industry into electronics and semiconductor, aerospace and defense, medical, automotive, food and beverages, oil and gas and mining and others.
Electric Surface Heaters Market Country Level Analysis
The electric surface heaters market is analyzed and market size, volume information is provided by type and industry as referenced above.
The countries covered in the electric surface heaters market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the electric surface heaters market due to technological adoptions in chemical, oil and gas, plastic industries are driving the demand for the product in the region. Asia-Pacific region is projected to undergo substantial during the forecast period owing to the well-established first copy manufacturing of engineering equipment across China within the forecast period of 2022 to 2029.
The country section of the electric surface heaters market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electric Surface Heaters Market Share Analysis
The electric surface heaters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric surface heaters market.
Some of the major players operating in the electric surface heaters market report are NIBE Industrier AB, LMK Thermosafe, HONEYWELL INTERNATIONAL INC., Keenovo International Group Limited., OMEGA Engineering Inc., Watlow Electric Company, Smiths Group plc, Spirax-Sarco Engineering plc, Spirax-Sarco Engineering, Rogers Corporation., Minco., IRCA S.p.A and All Flex Flexible Circuits & Heaters among others.
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