Global Immersion Heater Market Insights and Forecast to 2028

Immersion heaters are used to heat many liquid substances like water, oil, chemicals and even to stabilize gas within their tanks. They are used in many industries within different liquid storing tanks, during the processing of pipes and in pressurizing the storing containers. This product is made in such a way so as to withstand almost any environment and you can make use of it either in a pure water tank or under any acidic medium.
Market Analysis and Insights: Global Immersion Heater Market
Due to the COVID-19 pandemic, the global Immersion Heater market size is estimated to be worth US$ 697.6 million in 2022 and is forecast to a readjusted size of US$ 898.1 million by 2028 with a CAGR of 4.3% during the review period. Fully considering the economic change by this health crisis, Over-the-Side Immersion Heater accounting for % of the Immersion Heater global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Home Appliance segment is altered to an % CAGR throughout this forecast period.
From the view of region, North America have a larger market share which account for 34% and will witness a slightly decrease of share in following years. Asia-Pacific hold a market share of 30% and will still play an important role which cannot be ignored. Any changes from Europe, which share a 28% market share , might affect the development trend of Immersion Heater.The key manufacturers are NIBE, Thermon, Zhenjiang Dongfang Electric Heating Technology, OMEGA Engineering (Spectris), Watlow, Chromalox, Hotset GmbH, Friedr. Freek GmbH, Zoppas Industries, Thermowatt, Tutco Heating Solutions Group, Tempco Electric Heating Element Corporation, Headway Electric Heat Components CO.,LTD, Warren Electric Corporation, Durex Industries, Sanbra Fyffe Limited, WATTCO etc. Top 3 companies occupied about 8% market share.
In terms of production side, this report researches the Immersion Heater capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Immersion Heater by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Immersion Heater Scope and Segment
Immersion Heater market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Immersion Heater market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Over-the-Side Immersion Heater
Flanged Immersion Heater
Screw Plug Immersion Heater
Others
Segment by Application
Home Appliance
Industrial Appliance
Others
By Company
NIBE
Thermon
Zhenjiang Dongfang Electric Heating Technology
OMEGA Engineering (Spectris)
Watlow
Chromalox
Hotset GmbH
Friedr. Freek GmbH
Zoppas Industries
Thermowatt
Tutco Heating Solutions Group
Tempco Electric Heating Element Corporation
Headway Electric Heat Components CO.,LTD
Warren Electric Corporation
Durex Industries
Sanbra Fyffe Limited
WATTCO
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE