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Global Industrial Heaters Market Revenue to index 4.3% CAGR Over the Next 10 Years

Market.us has recently published a market research report titled, “Global Industrial Heaters Market by Type, and by end-user vertical– Forecast from 2019 to 2028”. This report offers a comprehensive analysis of the industrial heaters market. Through fastidious research efforts, both primary and secondary, the research results have been voraciously examined over the study period. The global industrial heaters market is projected to have a valuation of over US$ 42,678 million, from its estimated revenue of US$ 27,946 million generated in 2018.

If and when there is a need to alter the temperature of any industrial process or object, be it in liquid form or gaseous, the implementation of an industrial heater is the first and only option. For example, if lubricating oil needs to be fed into a machine, it first must be heated or warmed to a certain temperature or degree. The various types of heat transfer techniques implemented in an industrial setting are commonly referred to as process heating. Evaporation, curing, extraction, distillation, melting, heat treating, drying, and even the provision of heat meant for endothermic reactions are examples of process heating. There are three forms of heat transfer, namely, convective, conductive, and radiant.

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Convective – the transfer of heat due to the motion of a liquid is known as convective heat transfer. Convective heat transfer is further classified into free convection and forced convection. Free convection occurs when fluid naturally flows due to heat gradients (ex- hot air rises, cold air sinks), and forced convection is where an external force is used to accelerate the flow of the fluid.

Conductive – the most common technique for heat transfer for solids is known as conductive heat transfer. Think, atoms getting hotter, beginning to vibrate and as a result then transferring energy to the neighboring atoms of that solid.

Radiant – the transfer of heat using electromagnetic waves is referred to as radiant heat transfer. Example: the heat we feel from the sun or your favorite pot roast cooking in mum’s traditional oven.

A major factor propelling the growth of the industrial heaters market is the surge of end-use industries such as oil & gas, construction, and the chemical manufacturing industry.

Although, a deterrent to the growth of the industrial heater market in many developing nations is the lack of a skilled labor force. This, in turn, leads to a rise in associated risks. However, since there has been an increase in the consumption of packaged foods and beverages, plastic is in high demand, and this will prove to be a boon for the industrial heater industry. The global industrial heater market can be segmented based on product type, end-use vertical, and region.

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The product type market is segmented into electric heaters, industrial water heaters, air heater, etc. The industrial water heater segment occupies a major of the market share and is slated to register the highest growth over the forecast tenure, with the electric water heater segment coming in second. With respect to the end-use vertical, segmentation in the market is as follows, construction, emergency heating, oil & gas, the chemical industry, the marine industry, and other respective industries. In the matter of region, the market is segmented into the United States, China, Europe, Japan, Southeast Asia, India, and the rest of the world. In the global industrial heaters market, Europe leads the pack in terms of majority dominance. However, it appears that China will register the highest growth rate over the forecast tenure.

The global industrial heater market research report includes company profiles of major players such as Spirax-Sarco Engineering plc (Chromalox Inc.), ASPEQ Heating Group LLC (Indeeco), Industrial Heat products, TPI Corporation, Wattco Equipment Inc., and Watlow Electric Manufacturing Company.

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