Companies Dominating the Immersion Heater Market
- NIBE Group
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- CIRCOR International, Inc.
- Chromalox INC
- Headway Electric Heat Components CO. Ltd
- Minco Products, Inc
- Hotset GmbH
- Phillips & Temro Industries
- Thermal Corporation
- Industrial Heater Corporation
- OMEGA Engineering, Inc.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of steam trap is estimated at USD 876.18 million.
The immersion heater market size was valued at USD 841.83 million in 2024 and is likely to cross USD 1.61 billion by 2037, registering more than 5.1% CAGR during the forecast period i.e., between 2025-2037. Increasing government programs and development of new technologies will boost the market growth.
North America industry is predicted to hold largest revenue share of 33% by 2037, impelled by regulatory measures to reduce the environmentally harmful equipment in the region.
The major players in the market are NIBE Group, CIRCOR International, Inc., Chromalox INC, Headway Electric Heat Components CO. Ltd, Minco Products, Inc, Hotset GmbH, Phillips & Temro Industries, Thermal Corporation, Industrial Heater Corporation, OMEGA Engineering, Inc.
