Product Code: ETC050829 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines heating elements market is expected to witness a CAGR of 6.9% during the forecast period (2020-2026). The growing demand for electrical and electronic appliances, mainly air conditioners, refrigerators and water heaters in the country are driving the growth of the heating elements market in Philippines. Moreover, increasing investments by government on infrastructure projects along with rising industrialization also acts as one of the major drivers for this market???s growth. Increasing sales of electric vehicles due to government initiatives such as tax incentives have further boosted the overall demand for various types of heating elements such as resistance bands, cartridge heater etc., thus propelling its consumption across various industries in Philippines. However, high prices associated with certain products may challenge segmental growth over next few years
The Philippine government is investing heavily on infrastructural developments across residential as well commercial sector which includes building schools and hospitals mostly concentrated around urban areas due to population rise resulting into more construction activities leading towards increased consumption levels from HVAC/BMS integrators who extensively use heating elements like infrared lamps or quartz tube heaters etc., thus boosting their usage throughout construction industry
Heating element products available at lower price points fall short when it comes performance related features while other expensive versions provide better output but come at considerable cost thus restraining their potential adoption rate especially amongst entry level users like households or small scale businesses operating under tight budget constraints hindering their total penetration within target markets
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 Philippines Heating Elements Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Heating Elements Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Heating Elements Market - Industry Life Cycle |
3.4 Philippines Heating Elements Market - Porter's Five Forces |
3.5 Philippines Heating Elements Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.6 Philippines Heating Elements Market Revenues & Volume Share, By End-Users, 2020 & 2030F |
4 Philippines Heating Elements Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Heating Elements Market Trends |
6 Philippines Heating Elements Market, By Types |
6.1 Philippines Heating Elements Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Philippines Heating Elements Market Revenues & Volume, By Product, 2020-2030F |
6.1.3 Philippines Heating Elements Market Revenues & Volume, By Immersion Heaters, 2020-2030F |
6.1.4 Philippines Heating Elements Market Revenues & Volume, By Tubular Heaters, 2020-2030F |
6.1.5 Philippines Heating Elements Market Revenues & Volume, By Circulation Heaters, 2020-2030F |
6.1.6 Philippines Heating Elements Market Revenues & Volume, By Band Heaters, 2020-2030F |
6.1.7 Philippines Heating Elements Market Revenues & Volume, By Strip Heaters, 2020-2030F |
6.2 Philippines Heating Elements Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Philippines Heating Elements Market Revenues & Volume, By Chemical & Plastics Industry, 2020-2030F |
6.2.3 Philippines Heating Elements Market Revenues & Volume, By Pharmaceutical Industry, 2020-2030F |
6.2.4 Philippines Heating Elements Market Revenues & Volume, By Transportation, 2020-2030F |
6.2.5 Philippines Heating Elements Market Revenues & Volume, By Appliances, 2020-2030F |
7 Philippines Heating Elements Market Import-Export Trade Statistics |
7.1 Philippines Heating Elements Market Export to Major Countries |
7.2 Philippines Heating Elements Market Imports from Major Countries |
8 Philippines Heating Elements Market Key Performance Indicators |
9 Philippines Heating Elements Market - Opportunity Assessment |
9.1 Philippines Heating Elements Market Opportunity Assessment, By Product, 2020 & 2030F |
9.2 Philippines Heating Elements Market Opportunity Assessment, By End-Users, 2020 & 2030F |
10 Philippines Heating Elements Market - Competitive Landscape |
10.1 Philippines Heating Elements Market Revenue Share, By Companies, 2023 |
10.2 Philippines Heating Elements Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |