The global industrial electrical heating element market is anticipated to grow at a CAGR of 3.5% during the forecast period. The various initiatives such as partnership, expansion, and collaboration adopted by the key manufacturers which include Minco, Nibe, and Phillips 66 Ltd., for reducing greenhouse gas emissions generated by industrial heaters, is the prominent factor that drive the market growth. For instance, in April 2021, Dalrada Financial Corp announced that it has launched the Likido HOME, a revolutionary clean energy home water heater that is designed by its portfolio company Likido Ltd. The Likido HOME residential water heater improves energy efficiencies by 300% with its high temperature supercritical CO? micro heat pump. Additional benefits include dramatically reducing carbon emissions and saving consumers up to 80% on energy. Furthermore, in March 2022, Phillips 66 Ltd announced its plans to pursue the use of lower-carbon hydrogen to refuel industrial heaters at the Phillips 66 Ltd., Humber Refinery in the UK. The Refueling Humber Refinery project aims to reduce the CO2 emissions at the Humber Refinery. Refueling the Humber Refinery project will demonstrate at a large scale how renewable hydrogen, such as from the proposed Gigastack electrolytic hydrogen plant, can be used to decarbonize the refinery. It further complements the Humber Zero Project, which stands to capture CO2 from the main centralized stacks, to reduce overall Humber Refinery emissions by over 90%.
Browse the full report description of “Industrial Electrical Heating Element Market & Trends Analysis Report byProduct (Immersion Heaters, Tubular Heaters, and Circulation Heaters) and by Application (Oil and Gas, Building Construction, Food Industry and Pharmaceuticals Industry) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/industrial-electrical-heating-element-market
Moreover, in May 2021, Rinnai America Corp., launched a complete line of high- and low-intensity infrared heaters, Rinnai SE and SE+ Infrared Patio Heaters, HE Series Infrared Tube Heater, and HE+ Series Infrared Radiant Tube Heatersto deliver efficient, quiet comfort with innovative gas infrared technology to customers, and businesses. Rinnai HE+ Series Infrared Radiant Tube Heater is perfect for commercial, industrial, warehouse, and distribution center applications. This infrared heater with Electronically Commutated (EC) Motor technology is the most efficient, quiet, and powerful tube heater.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Chromalox, Durexindustries, Freek Gmbh, Headway Electric Heat Productts Co.,Ltd., Heatact Super Conductive Heat - Tech Co., Ltd.,others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
GlobalIndustrial Electrical Heating Element Market Report Segment
By Product
By Application
Global Industrial Electrical Heating Element Market Report by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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