Los Angeles, CA -- (SBWIRE) -- 04/20/2019 -- This report studies the industrial electric heating element market, a heating element converts electricity into heat through the process of resistive or Joule heating. Electric current passing through the element encounters resistance, resulting in heating of the element. Unlike the Peltier effect, this process is independent of the direction of current flow.
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Currently, there are many manufacturers companies in the world. The main market players are Watlow, Chromalox, Tempco Industrial Electric Heating Element Corporation,,Tutco Heating Solutions Group, Minco, OMEGA, Indeeco, NIBE, Durex Industries, Industrial Heater Corporation, Delta MFG, Wattco so on. United States sales value of Industrial Electric Heating Element is about 1626.86 Million USD in 2017.
There are seven kinds of Electric Heating Element, which are including Immersion Heaters, Tubular Heaters Circulation Heaters, Band Heaters, Strip Heaters, Coil Heaters and Flexible Heaters. Flexible Heaters is important in the Electric Heating Element, with a 38.08% consumption revenue market share nearly in 2017.
The global Industrial Electric Heating Element market was 1630 million US$ in 2018 and is expected to 2370 million US$ by the end of 2025, growing at a CAGR of 4.8% between 2019 and 2025.
This report studies the Industrial Electric Heating Element market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
Tempco Electric Heating Element Corporation
Tutco Heating Solutions Group
Industrial Heater Corporation
By the product type, the market is primarily split into:
By the end users/application, this report covers the following segments:
Chemical & Plastics Industry
Oil & Gas
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