Industrial Heater Market Segmentation:
Technology Segment Analysis
Gas segment is projected to account for around 47% industrial heater market share by 2035. It is anticipated that by 2025, there will be more than 170,000 warehouses worldwide, owing to the growth of e-commerce.
A tubular heat exchanger receives hot exhaust gas from a burner in a gas air heater that warms the surrounding air in sizable industrial and commercial spaces using a gas burner. For heating large, open rooms, commercial gas heaters are an excellent option and are more affordable, dependable, and efficient as compared to electric heaters. Large areas make up warehouses and industrial structures which necessitate the use of gas industrial heaters, which are essential to keep warehouses and industrial areas warm and cozy. Moreover, it might be difficult to heat warehouses in the winter, which makes gas-fired unit air heaters ideal for these settings.
Additionally, heat is produced by the conversion of electrical energy in electric industrial heaters, which are employed in many different operations when raising an object's or process's temperature is necessary in vast locations such as factories, garages, warehouses, and more where gas is either unavailable or not a chosen option.
Application Segment Analysis
Over the forecast period, the chemical segment in the industrial heater market is estimated to record a significant CAGR. Immersion heaters are essential in many chemical industry processes because they provide accurate temperature control, improve the execution of chemical reactions, and aid in separation procedures to ensure optimal reaction kinetics and product quality.
Furthermore, industrial heaters are indispensable in the chemical sector as they enable the purification and isolation of chemical compounds with high accuracy. Industrial heaters find widespread use in heating utilities within chemical plants for heating air streams for drying applications and preheating feedstock.
Chemical industries require consistent temperature maintenance to ensure that chemicals and liquids remain in their proper state. Many processes and components in these industries rely on heat, such as molded and extruded components, steam heating, and so on. Thus, there is a significant need for industrial heaters in this area, resulting in industrial heater market growth. As per estimates, in 2022, the worldwide chemical industry's total revenue was more than USD 6 trillion.
Product Segment Analysis
The duct segment in the industrial heater market is likely to generate substantial revenue by 2035. The growth can be attributed to the rising demand for HVAC systems. Industrial duct heaters come in various varieties and configurations and are an essential part of HVAC systems that are made to offer regulated and effective heating in commercial and industrial environments.
According to the International Energy Agency, by 2050, there will be 5.6 billion air conditioners in buildings worldwide, up from 1.6 billion at present.
Our in-depth analysis of the industrial heater market includes the following segments:
|
Technology |
|
|
Capacity |
|
|
Product |
|
|
Application |
|
