The global Immersion Heater market was valued at US$ 618.9 million in 2019 and it is expected to reach US$ 833.7 million by the end of 2026, growing at a CAGR of 4.3% during 2021-2026.
Immersion heaters are used to heat many liquid substances like water, oil, chemicals and even to stabilize gas within their tanks. They are used in many industries within different liquid storing tanks, during the processing of pipes and in pressurizing the storing containers. This product is made in such a way so as to withstand almost any environment and you can make use of it either in a pure water tank or under any acidic medium.
From the view of region, North America have a larger market share in 2018 which account for 34.23% and will witness a slightly decrease of share in following years. Asia-Pacific hold a market share of 30.82% and will still play an important role which cannot be ignored. Any changes from Europe, which share a 28.46% market share in 2018, might affect the development trend of Immersion Heater.
Global Immersion Heater Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Immersion Heater Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are NIBE, Thermon, Zhenjiang Dongfang Electric Heating Technology, OMEGA Engineering (Spectris), Watlow, Chromalox, Hotset GmbH, Friedr. Freek GmbH, Zoppas Industries, Thermowatt, Tutco Heating Solutions Group, Tempco Electric Heating Element Corporation, Headway Electric Heat Components CO.,LTD, Warren Electric Corporation, Durex Industries, Sanbra Fyffe Limited, WATTCO and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-immersion-heater-market-research-report
Segment by Type
- Over-the-Side Immersion Heater
- Flanged Immersion Heater
- Screw Plug Immersion Heater
Segment by Application
- Home Appliance
- Industrial Appliance
Table of Content:
1 Immersion Heater Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Immersion Heater Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Immersion Heater Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta