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Industrial Heaters Market is expected to reach US$ 2.51 Bn. by 2030, as per Maximize Market Research

(Entertainment-NewsWire.com, October 04, 2024 ) Industrial Heaters Market was valued at US$ 1.88 Bn. in 2023 and it is expected to reach US$ 2.51 Bn. by 2030 at a CAGR of 4.2% during the forecast period.



North America is leading the worldwide market for Industrial Heaters, holding about 38% of the market due to a substantial CAGR in equipment manufacturing in the area. Furthermore, the product is in high demand due to technological advancements in chemical, oil, and plastic industries. The USA experienced a compound annual growth rate of around 5% throughout the forecast period.



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Industrial Heaters Market Segments



by Product



1. Pipe heaters

2. Immersion heaters

3. Duct heaters

4. Cartridge heaters

5. Circulation heaters



by Technology



1. Electric based

2. Steam-based

3. Hybrid based



by End User



1. Chemical industry

2. Oil and gas industry

3. Plastic industry

4. Food and beverages industry



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Key Players



1. Wattco

2. Powermatic Ltd.

3. Excel Heaters

4. Elmatic Ltd.

5. Watlow Electric Manufacturing Co.



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Related report



Rock Drilling Equipment Market size was valued at USD 2.4 billion in 2023 and is expected to reach USD 3.1 billion by 2030, at a CAGR of 3.72%.



Granulator Machines Market size was valued at USD 2.2 billion in 2023 and is expected to reach USD 3.1 billion by 2030, at a CAGR of 5.02%.



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Source: EmailWire.Com

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