NIBE Industries AB has made a bold move by taking over a majority stake of 65% in the Canadian stove company Miles Industries Ltd., with the plan to acquire the remaining shares in the near future by 2026. This acquisition will definitely strengthen NIBE's position in the heating market and bring new opportunities for growth
Minco Products, Inc. has expanded its product line of ESA (European Space agency) qualified heaters to support their customers in heating applications across missions including, solar system exploration, telecommunication and earth observation.
Author Credits: Rushikesh, Richa Gupta
Report ID: 5448
Published Date: Dec 07, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing government programs and development of new technologies are the major factors driving the growth of the immersion heater market.
The market size of immersion heater is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.
The major players in the market are CIRCOR International, Inc., Chromalox INC, Headway Electric Heat Components CO. Ltd, Minco Products, Inc, Hotset GmbH, Phillips & Temro Industries, Thermal Corporation, and others.
The chemical & plastic industry segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.