Global Tubular Heating Elements Market Research Covers, Future Trends and Deep Analysis 2024-2032

Tubular Heating Elements Market Size And Forecast

Tubular Heating Elements Market size was valued at USD 1.20 Billion in 2022 and is projected to reach USD 1.49 Billion by 2030, growing at a CAGR of 2.60% from 2023 to 2030.

The growing trend of greenhouse plants to save the environment has increased the demand for heating devices as well as the latest technological advancements in heaters, especially in tabular categories such as U-shape, and Ss tabular heaters will foster market growth. The Global Tubular Heating Elements 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.

Global Tubular Heating Elements Market Definition

Tubular Heaters are the most versatile of all-electric heating elements mainly used in custom heating applications. They are capable of molding into various geometries, virtually any configuration. These heaters are specially designed for either radiant heating or contact surface heating. They perform exceptional heat transfer by conduction, convection, and radiation to heat liquids, air, gases, and surfaces. The tubular heaters are immersed in water, oil, or molten materials as they generate heat within the liquid or process.

Tubular heaters are compact, rugged, and extremely energy efficient. They exhibit exceptional features such as advanced temperature controls, better temperature maintenance, and precise heat transfer. They are predominantly used if household applications such as ovens, drying cabinets, and water heating coils. Tubular heaters find extensive applications in cryogenic use and provide dynamic power regulation and industrial heating due to their versatility and affordability.

Global Tubular Heating Elements Market Overview

The growing demand from end-use sectors, such as commercial, industrial and scientific drives the demand for tubular heaters. Moreover, the growing trend of greenhouse plants to save the environment has increased the demand for heating devices as well as the latest technological advancements in heaters, especially in tabular categories such as U-shape, Ss tabular heaters boost the global market. Furthermore, the advent of the latest technologies such as semiconductors, sensors, and automatic timers coupled with growing manufacturing industries has surged the need for tabular heaters.

The factors such as rapid urbanization have escalated the need for heaters in household activities such as ovens, drying cabinets, and water heating coils. These factors have fueled the Global Tubular Heating Elements Market. There are certain restraints and challenges faced which will hinder the overall market growth. The factors such as safety issues, high costs, corrosion problems, and high consumption of electricity are inhibiting the growth of the market. Besides, cleaning and maintenance of heaters regularly is a time-consuming task. The availability of substitutes in the market is the major restraint hampering the overall growth of the Global Tubular Heating Elements Market.

Global Tubular Heating Elements Market: Segmentation Analysis

The Global Tubular Heating Elements Market is segmented on the basis of Product, Application, and Geography.

Tubular Heating Elements Market, By Product

• Single-ended• Double-ended

Based on Product, the market is bifurcated into Single-ended and Double-ended. The double-ended product segment holds the largest market share. The design is used in places where there is a risk of fire or explosion, and an increase in the demand from end-use sectors such as commercial, and industrial will drive the demand for the double-ended product segments.

Tubular Heating Elements Market, By Application

• Liquid• Air• Solid

Based on Application, the market is bifurcated into Liquid, Air, and Solid. The liquid segment is estimated to witness the highest CAGR for the forecast period. The factors that can be attributed is that the tubular heaters are immersed in substances such as water, oil, or molten materials as they generate heat within the liquid or process, tubular heaters are extremely energy efficient. This usage has boosted this segment.

Tubular Heating Elements Market, By Geography

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

On the basis of Geography, The Global Tubular Heating Elements Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America and Japan dominate the market. Latin America is considered to be one of the key markets for tubular heaters because of the increasing demand for heating devices in the region. The growing industries such as automotive and home electronics, increasing adoption of tubular heaters from end-user industries, and availability of government funding will boost the market in this region.

Key Players

The “Global Tubular Heating Elements Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Watlow, Backer, Chromalox, Friedr. Freek, ACIM Jouanin, Keller Ihne & Tesch, Rotfil, Vulcanic, Herbst, Heatrex, Wattco, Thermo Products, Mahendra Thermo, HELKRA, Durex Industries, Gebr. Bach, Shiva Products.

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

Key Developments

• In Dec 2018, At Power-Gen International, Chromalox, a leader in innovative thermal solutions, unveiled a new line of boilers featuring the unique DirectConnectTM heating technology.

• In June 2022, Watlow®, a designer and producer of entire industrial thermal systems, is happy to announce that it has agreed to purchase Eurotherm® from Schneider Electric, the global leader in energy management and automation’s digital transformation. The transaction’s terms were not made public.

• In Nov 2019, Bunker Hill Capital has sold ASPEQ Heating Group LLC (“ASPEQ” or the “Company”), a St. Louis, MO-based manufacturer of highly engineered electric heating and thermal-management technologies, to Industrial Growth Partners of San Francisco.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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