Product Code: ETC050824 | Publication Date: Jun 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India heating elements market is expected to witness substantial growth during 2025-2031. The increasing demand from various sectors such as automotive, consumer electronics and home appliances are driving the growth of the Indian heating elements market. Additionally, growing awareness regarding energy efficiency has resulted in increased adoption of advanced technologies such as induction heaters which offer higher efficiency than conventional heaters. Moreover, technological advancements in terms of miniaturization and high temperature capabilities have further propelled the market for heating elements in India.
Increasing Demand from Automotive Industry: Growing production of vehicles across the country is expected to boost up sales for vehicle components including heaters & sensors used in engines, catalytic converters and airbags. This will create a positive outlook for the Heating Elements Market in India over next few years. The government?s initiatives towards educating citizens on power savings through efficient usage of electrical heater systems has spurred an increased demand for efficient electric heating solutions like induction based heaters which consume less electricity compared to other traditional methods leading to reduced cost associated with maintenance & operation.
High Cost Associated with Upgrading Technology: Manufacturers find it difficult to upgrade their existing technology since switching requires additional investments & resources resulting into higher costs thus hampering the expansion plans by manufacturers who want switch from one technology platform to another that offers better solution or more features/functionality at lower operational costs when compared others competing technologies available currently within same space thereby slowing down overall growth trajectory of industry players operating within this space bringing stagnation or even decline certain segments relatively mature countries like India where large part population still belong low income group making these products unaffordable them unless subsidized some extent either through state/central governments or respective companies offering these products themselves.
Growing Adoption Of Smart Heaters With IoT Enabled Features : There Is A Significant Increase In Adoption Of Internet Of Things (IoT)-Enabled Smart Heatrs By End Users As It Offers More Control And Flexibility Over Temperature Settings By Connecting To Mobile Devices Or Home Automation Systems Such As Google Home Or Amazon Alexa Resulting Into Ease Of Use And Enhanced Comfort For Consumers Further Supporting Uptake Heating System Solutions Within Country.
Major players operating in the Indian heating element market include Glen Dimplex Group, LG Electronics Inc., Panasonic Corporation , Siemens AG
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Heating Elements Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Heating Elements Market Revenues & Volume, 2021 & 2031F |
3.3 India Heating Elements Market - Industry Life Cycle |
3.4 India Heating Elements Market - Porter's Five Forces |
3.5 India Heating Elements Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Heating Elements Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
4 India Heating Elements Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Heating Elements Market Trends |
6 India Heating Elements Market, By Types |
6.1 India Heating Elements Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Heating Elements Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 India Heating Elements Market Revenues & Volume, By Immersion Heaters, 2021-2031F |
6.1.4 India Heating Elements Market Revenues & Volume, By Tubular Heaters, 2021-2031F |
6.1.5 India Heating Elements Market Revenues & Volume, By Circulation Heaters, 2021-2031F |
6.1.6 India Heating Elements Market Revenues & Volume, By Band Heaters, 2021-2031F |
6.1.7 India Heating Elements Market Revenues & Volume, By Strip Heaters, 2021-2031F |
6.2 India Heating Elements Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 India Heating Elements Market Revenues & Volume, By Chemical & Plastics Industry, 2021-2031F |
6.2.3 India Heating Elements Market Revenues & Volume, By Pharmaceutical Industry, 2021-2031F |
6.2.4 India Heating Elements Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.5 India Heating Elements Market Revenues & Volume, By Appliances, 2021-2031F |
7 India Heating Elements Market Import-Export Trade Statistics |
7.1 India Heating Elements Market Export to Major Countries |
7.2 India Heating Elements Market Imports from Major Countries |
8 India Heating Elements Market Key Performance Indicators |
9 India Heating Elements Market - Opportunity Assessment |
9.1 India Heating Elements Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Heating Elements Market Opportunity Assessment, By End-Users, 2021 & 2031F |
10 India Heating Elements Market - Competitive Landscape |
10.1 India Heating Elements Market Revenue Share, By Companies, 2024 |
10.2 India Heating Elements Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |