The global Heating Coil market was valued at 109.15 Million USD in 2021 and will grow with a CAGR of 3.14% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

This report studies the Heating Coil market, which converts electricity into heat through the process of resistive. As international economic situation is complicated, in the next few years there will be many uncertainties. Due to the government` policy and the high sales of Heating Coil in the international market, the current demand for Heating Coil product is relatively stable in the mature market, such as North America and Europe, but the demand in China is relatively higher due to the downstream demand. Heating Coil is mainly manufactured and sold by Sandvik Materials Technology, ZI Heating Element Technologies, Escorts Limited, Kawai Electric Ltd, Watlow Electric Manufacturing, WATTCO, Tutco, Rama Corp, Marathon Heater, SHANGHAI MINKVON INDUSTRY CO., LTD, Backer Hotwatt, Inc, Sunrise Products, HC Coils, NTT Heating, JFD Tube & Coil Products Inc; and these companies occupied about 30.32% market share in 2016. Geographically, Europe is the largest sales market in the world, which took about 18.43 percent of the global consumption volume in 2016. But Europe shared 22.72% of global total revenue.

By Market Verdors:

Sandvik Materials Technology

ZI Heating Element Technologies

Escorts Limited

Kawai Electric Ltd.

Watlow Electric Manufacturing

WATTCO

Tutco

Rama Corp

Marathon Heater

SHANGHAI MINKVON INDUSTRY CO., LTD

Backer Hotwatt, Inc

Sunrise Products

HC Coils

NTT Heating

JFD Tube & Coil Products Inc

By Types:

Tubular Heater

Cartridge Heaters

Band Heaters

By Applications:

HVAC Industry

Industrial Equipment

Home Application

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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