Strip Heater Market - Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027

Strip heaters, often known as component heaters, are mounted in a metal frame made of stainless steel or electroplated zinc and is used to heat air or a surface. Strip heaters are primarily used for convection-type air heating and clamp-on installations. Strip heaters are also used in various indoor applications. The market for strip heaters is expected to gain immense popularity during the forecast period.

Driving Factors:

  • The high efficiency of strip heaters is one of the major reasons for their increasing demand. Rising use of electro-technologies has significant potential to reduce energy consumption and improve productivity in heavy industries, which is expected to fuel the strip heater market during the forecast period

  • The rising number of end-use industries such as food and beverages, aerospace, and automotive is expected to lead to increasing demand for strip heaters over the forecast period

  • Moreover, improvements in strip heaters coupled with the advancement of technology and easy availability of the product are resulting in their increasing usage. All these factors are expected to fuel the growth of the global strip heaters market over the forecast period

Market Restraint:

  • However, the high price of strip heaters is hampering the growth of the market. Moreover, there are few other challenges that the strip heater market is expected to face over the years. One major concern is high capital investment availability of various substitutes of strip heaters which is also restricting the growth of the market

  • Other challenges faced by the market are the requirement of skilled labor and need to train the workers which involve huge cost

Market Segmentation:

  • The global strip heater market can be segmented in terms of product type, application, distribution channel, and geography. Based on product type, the market can be categorized into high-temperature strip heaters, and mineral insulated strip heaters. In terms of application, the global strip heater market is categorized into commercial and industrial

  • Based on end-user, the strip heater market can be segmented as construction, automobile, chemicals & specialty chemicals, and mining and minerals. The construction segment is expected to dominate the market in terms of growth rate due to growth in construction activities in both commercial and residential sectors to serve the need of the growing consumer base across the globe. Based on the distribution channel, the market is segregated into an online channel and offline channel

  • On the basis of geography, the strip heater market is bifurcated into North America, South America, Asia Pacific, the Middle East and Africa, and Europe. Furthermore, the regions are divided into prevailing countries such as U.S., Canada, Germany, France, Italy, U.K., GCC Countries, China, India, Japan, and Brazil

  • North America and Europe are dominating the strip heater market across the globe. The Asia Pacific is anticipated to dominate the strip heater market in terms of growth rate in the coming years. A large number of players are setting up their manufacturing & assembling units in China and India due to the availability of land and low-cost labor. Easy affordability of raw materials in the Asia Pacific is expected to fuel the demand over the forecast period

  • North America and Europe are expected to show significant growth in the strip heater market due to the presence of Canada and the U.S. and the increasing construction activities in the regions. The Middle East and South America are expected to show significant growth in the market due to the rising number of construction and manufacturing industries

Competitive Landscape:

  • The global strip heater market is highly fragmented and competitive owing to the presence of the large number of local as well as international players. Key players are focusing on innovations to increase their product portfolio and meet customer expectations

  • Key players operating in the strip heater market are OMEGA Engineering, Vulcan Electric, Tempco Electric Heater, and Hot Watt

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