Immersion Heater Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2022
Immersion heaters are used to heat various liquid substances such as water, oil, chemicals, and at times to stabilize gas that are stored in reservoirs. Immersion heaters are designed to withstand any virtual condition and can be used either in a pure water tank or under any acidic medium. Immersion heaters are used inside in various liquid storage tanks in several industries and in the pressurization of storage containers. Immersion heaters are specifically used for pressure vessel, tank or a pipe body installation purpose.
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Immersion heaters are connected through a cable to their own
power supply. An immersion heater is an electric water heater in a hot water
tank. The working resembles that of an electric kettle using an electrical
resistance heater to heat the water around it. The working benefits of an
immersion heater over conventional heaters is estimated to drive the market
forward during the stipulated period. The main benefit of having an immersion
heater is as a backup supply of hot water.
Immersion Heater: Market Dynamics
Rapid development of environmentally friendly building
projects & smart city construction would fuel the growth of the immersion
heater market. The market situation is projected to gain traction by ongoing
policy initiatives to install energy-efficient heating equipment to reduce
carbon emissions and power consumption. The Department of Energy has urged
manufacturers to implement innovative heat building technologies that are rated
on standby loss and thermal efficiency.
The government has defined stringent regulations related to
the output rates of electrical products. In addition, the increasing demand for
hot water in domestic applications coupled with the demand for energy-efficient
heating systems in commercial applications are set to increase the demand of
the Immersion Heater market.
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A challenging factor that could pose threat to the rising
immersion heater market is the pertaining high cost of these equipment as
compared to the conventional heating systems. Also, it is very important to
understand as to which type of immersion heater is suitable for residential or
commercial use. Choosing the wrong product might result in several mishaps.
Extreme climatic conditions coupled with increasing consumer
inclination towards heating systems with reduced power consumption will open up
opportunistic avenues for the rising adoption of immersion heater. The market
is expected to grow due to increased demand for quick hot water supply.
Increasing use of immersion heaters primarily in residential
premises due to improved living standards would expand the market demand.
Changing consumer preference for sustainable structures and enhancing quality
standards will have a positive impact on the market outlook.
A trending factor in the immersion heater market is that the
heating element inside can be removed, ensuring a quick replacement without any
equipment being used. Several manufacturers are providing options to customize
the immersion heater according to need basis.
Some of the prominent features such as fuel efficiency and
minimal maintenance will promote the immersion heater adoption. Rising
deployment of immersion heaters across residential & small scale commercial
establishments relying on its precision temperature control & improved
environmental sustainability will favor the business scenario over the forecast
period.
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Immersion Heater: Regional Outlook
North America and Europe are estimated to hold a dominant
share in the global immersion heater market during the forecast period owing to
regulatory policies that decrease the nature of low-efficiency and
environmentally polluting appliances.
Strict environmental measures related to carbon emissions
and strong emphasis on fuel-efficient technology would drive the growth of the
UK market in this region. Europe is followed by Asia Pacific in terms of market
share of the global immersion heater market due to the rapid adoption of these
heaters by residential users.
This may be attributed to surging demand for immersion
heaters from manufacturing industries in Asian countries such as India, China,
South Korea and Japan. Latin America is projected to witness growth in the
immersion heater market adhering to growing focus towards ongoing replacement
of conventional heating systems will complement the business outlook.
Energy-efficient systems combined with introduction of
environmental-related policies would fuel growth in the developing economies
such as India, Brazil, Indonesia, Turkey and Thailand.
Immersion Heater: Market Participants
Some of the market participants of the global Immersion
Heater market are as follows:
NIBE CIRCOR International, Inc. Chromalox INC Headway
Electric Heat Components CO. Ltd Hotset GmbH Phillips & Temro Industries
Warren Electric Industrial Electric Heaters Thermal Transfer Systems Inc.
Holroyd Components Ltd Thermal Corporation Winkler GmbH Industrial Heater
Corporation Delta MFG Friedr. Freek GmbH Tutco Heating Solutions Group OMEGA
Engg. Zoppas Industries Tempco Electric Heating Element Corporation CCI Thermal
Technologies
“The research report on Immersion Heater market presents a
comprehensive assessment of the market and contain thoughtful insights, facts,
historical data, and statistically supported and industry-validated market
data. The Immersion Heater market report also contains projections using a
suitable set of assumptions and methodologies. The research report on Immersion
Heater market provides analysis and information according to market segments
such as product type, application and distribution channel.
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