Stratview Research has recently published a report on the Electric Heating Elements Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2021 to 2026.
Electric Heating Elements Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Electric Heating Elements Market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of around x % during the forecast period.
What is Electric Heating Elements?
Electric heating elements are defined as elements which convert electrical energy into heat through the process of joule heating. These elements contain an electric current which flows through the coil or ribbon or wire and becomes hot. The heaters can be categorized as immersion heaters, tubular heaters, circulation heaters, band heaters, strip heaters, coil heaters, flexible heaters and other..
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Some of the companies drives the market growth:
- Nibe Industrier (Sweden),
- Watlow Electric Manufacturing Co. (The U.S),
- Chromalox, Inc. (The U.S),
- Dongfang Electric Corporation Limited (China),
- Friedr. Freek GmbH (Germany),
- Omega SA (Switzerland),
- Zoppas Industries S.p.A. (Italy),
- Thermowatt (Italy),
- Tutco, Inc. (The U.S),
- Tempco Electric Heater Corporation (The U.S),
- Thermon Heating Systems, Inc. (Canada),
- Headway Electric Heat Components CO., LTD (China),
- Hotset GmbH (Germany),
- Minco (The U.S), and
- Durex Industries (The U.S).
Regional Trends
By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period.
- The regional growth can be attributed to expanding growth of the end-use industries coupled with easy availability of raw material and labor, particularly in China and India.
- The market growth in developed regions is expected to be driven by increasing demand for high-quality and advanced heaters.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
COVID-19 IMPACT
COVID-19 has affected almost every business, irrespective of size, irrespective of region. In the year 2020, the dynamics of the ELECTRIC PRESSURE WASHER Market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.
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