Global tubular heater market demand is anticipated to be valued at US$ 1.25 Billion in 2022, forecast to grow at a CAGR of 2% to be valued at US$ 1.50 Billion from 2022 to 2032. From 2021 to 2022, a Y-o-Y expansion rate of 1.6% is anticipated, with the market increasing from its valuation of US$ 1.23 Billion in 2021.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 1.23 Billion |
| Expected Market Value (2022) | US$ 1.25 Billion |
| Anticipated Forecast Value (2032) | US$ 1.50 Billion |
| Projected Growth Rate (2022-2032) | 2% CAGR |
The rising demand for tubular heaters from different end-use sectors such as automotive, chemical, oil & gas, and others is driving growth in this market. During the projected period, the single-ended segment is likely to dominate the worldwide tubular heaters market. This is due to its lower cost and ease of installation as compared to double-ended tubular heaters.
Tubular heaters are available in straight or with one or more bends. They are utilized for both air heating and immersion applications. However, they are usually utilized for immersion applications and are chosen for terminating, wattage, mounting choices, lengths, and material composition.
They are also frequently employed in commercial, industrial, and scientific applications. They come in a variety of diameters, electrical ratings, terminations, lengths, and sheath materials. Metal mould platen heating, freeze protection, tank heating, medical & analytical device heating, thermoforming, rotisserie ovens, combi ovens, warming cabinets, steamers, conveyor ovens, convection ovens, fryers, smokers, griddles, ware washers, vacuum applications, radiant heating, circulation heating, and fluidized beds are some of the most common applications for tubular heaters.
The heating element is made of standard protective tube materials such stainless steel, heat-resistant steel, or carbon (mild) steel. The heating element also has standard component elements such as magnesium oxide-terminal pins, a protective tube, and resistance wire.
Tubular heater demand is predicted to be supported by rising demand for heating equipment, as well as a rise in the number of green house plants. Furthermore, a growth in demand from end-use industries such as commercial, industrial, and scientific is likely to enhance tubular heater demand.
Furthermore, small-volume tube heaters generate more heat, which is projected to open up new prospects for manufacturers. Heating components are an important component of the majority of engineering heating systems. They also assist in the flow of energy from the system to produce warmth. Their materials are adaptable, making them ideal for direct heating applications.
Even though the demand for tubular heater is increasing across various end users, it has its fair share of limitations which are hampering the market growth. Because of the presence of metal material, which is relatively expensive, they are not a cost-effective alternative. In comparison to other heating systems, the exterior metal pipe may have an influence on unavoidable heat loss and heat conduction. All these factors are expected to slow down the market growth.
Asia Pacific led the worldwide market in 2017 and is predicted to do so again throughout the forecast period. Due to significant demand from end-use sectors such as chemical, petrochemical, oil & gas, and power generation, the region accounted for more than 30% of revenue.
Due to growing industrialization and increased government expenditures in energy-saving technology across several industry verticals, China is expected to remain a prominent customer.
Development in industries such as automotive and home electronics is likely to boost market growth in developed regions such as North America. North America is rapidly becoming a vital hub for global brand growth and innovation, making it an ideal location for the creation and introduction of cutting-edge technology products.
Some of the prominent market participants/vendors in the global tubular heater industry include:
| Report Attribute | Details |
| Growth Rate | CAGR of 2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Regions Covered |
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| Key Countries Profiled |
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| Customization | Available Upon Request |
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FMI projects the global Tubular Heater market to expand at a 2% value CAGR by 2032
Asia Pacific is expected to be an opportunistic market for Tubular Heater market growth.
Watlow, Chromalox, Friedr, Rotfil, Marathon Heater, Hotwatt, Acim Jouanin, Tutco, Inhe & Tesch, Thermo Heating Element LLC, Zhenjiang Dongfang Electric Heating Technology Co., Ltd. and Industrial Heater Corporation are some prominent Tubular Heater manufacturers
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