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Pulished Date January, 2021
ID: 10868
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Electric Fuel Oil Heaters Market Segmentation ByType (Flange Type and Screw Plug Type), By End User (Pharmaceutical, Food, Chemical, Forging and Others) and Region - Industry Analysis, Share, Growth, and Forecast of 2021 to 2026

Pulished: January, 2021
ID: 10868
Pages: 175

Electric Fuel Oil Heaters Market Value and Growth Analysis (2021-2026):

The worldwide market for electric fuel oil heaters was valued at USDxx million in 2020 and is projected to reach USDxx million by 2026, progressing at a compound annual growth rate of XX% over the outlook period of 2021 to 2026.

Electric fuel oil heaters are primarily employed to heat oil to a preferred or required temperature before burning it in a boiler. Since these heaters are employed to preheat oil, they are also called preheaters. To reduce the amount of pollutants and increase efficiency, it is essential to ensure complete combustion of the fuel oil. This can be achieved by keeping the oil temperature at the desired level. The use of electric fuel oil heating is of great importance simply because it promises high tool and machine efficiency, lower energy consumption and protection against wear. At low temperatures, the viscosity of the oils increases. This can result in considerable high-pressure loss in pipes, filters, and cooling systems. If cold, viscous oil is employed directly as fuel, it experiences high pressure build-up in the system, resulting in significantly high losses in components throughout the system, reducing efficiency. Thus, with the help of a pre-heater, the oil in the tank is heated to the required temperature, which facilitates the starting of the machines.

Electric Fuel Oil HeatersMarket Trends:

As the use of fuel oil for heating applications began, solid fuels such as coal and wood were largely replaced. This is simply due to the fact that the effective heat generated by these fuel oils is high, with minimal impact on the environment (generation of ash). Although fuel oil generates emissions similar to solid fuel, it is cleaner and more efficient than solid fuel. Therefore, it is preferred as a furnace fuel or as a boiler fuel. Electric fuel oil heaters can be employed in different industries, such as pharmaceutical, food, chemical and forged products, where the heating process involves the use of a boiler or furnace. Additionally, household-level electric fuel oil heaters are needed for apartment complexes, hospitals and industrial buildings in the coldest parts of the world.

Recent Developments in the Electric Fuel Oil Heaters Market:

  • Space heater sales posted one of their best deals this winter, with sales more than doubling in the North, especially in belts like Delhi-NCR, due to a sharp drop in the mercury level. Manufacturers and retailers have said that all brands were out of stock during the year-end cold snap.
  • Havells India Limited launched an electric water heater manufacturing facility on 12 September 2015, the company's 12th manufacturing unit in India, in Neemrana, Rajasthan. The Havells water heater plant, purportedly part of the 40-acre Havells complex in Neemrana, is the company's first manufacturing plant in the appliance business.

Electric Fuel Oil Heaters Market Drivers:

Electric fuel oil heaters play a vital role in manufacturing and processing applications. The use of electric fuel oil heating offers characteristics such as machine efficiency and lower energy consumption. Electric fuel oil heaters are widely employed in different end-user industries where efficient and reliable heating applications are required. The rapid expansion of end-user industries is driving the expansion of the worldwidefuel oil heaters market

Electric Fuel Oil HeatersMarket Restraints:

The development of electric vehicles, which do not require electric fuel oil heaters, is predicted to limit the expansion of the worldwide market for electric fuel oil heaters.

Electric Fuel Oil Heaters Market Segmentation:

By type:

  • Flange Type
  • Screw Plug Type

The screw plug segment is predicted to contribute significant share to the worldwide market for electric fuel oil heaters during the foreseen period. Screw cap heaters are employed to heat gas or liquid to achieve a heat transfer rate for rapid heating.

By end user:

  • Pharmaceutical
  • Food
  • Chemical
  • Forging
  • Others

The chemical industry is predicted to grow at a considerable CAGR during the conjecture period. Electric heaters are needed to cope with chemical action. Chemical heating reduces the viscosity of liquids. Chemical companies are estimated to optimize the potential benefits of electric fuel oil heaters to maintain their respective market share and maximize their efficiency.

Electric Fuel Oil Heaters Regional Analysis:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

Asia-Pacific is the main potential market for electric fuel oil heaters, due to the escalating number of small players in the chemical and pharmaceutical industries of the region, which require heating applications. The North American and European markets also present great expansion opportunities, due to well-established industries that require heating operations in these regions. The Asia-Pacific region is predicted to growth with the highest CAGR of the worldwide market for electric fuel oil heaters during the foreseen period. The region is a significant industry for electric fuel oil heaters owing to the presence of the chemical and pharmaceutical businesses that need heating applications.

Asia-Pacific is the third largest pharmaceutical market in the world, followed by North America and Europe, respectively. The pharmaceutical industry in the region is estimated to grow at a rapid pace with the aging of the population and the imminent expiration of patented drugs. The growing pharmaceutical industry is increasing the need for electric fuel oil heaters which are foreseen to drive expansion in the regional market. Some of the major key market players are focusing on introducing innovative solutions to increase their market share.

Impact of COVID-19 on Electric Fuel Oil Heaters Market:

The oil and gas industry is experiencing its third price crash in 12 years. After the first two crashes, the industry recovered and the status quo continued. This time it is different. The present scenario collaborates a supply shock with an unprecedented decline in call and a worldwide humanitarian crisis. Also, the financial and structural health of the sector is worse than in previous crises. The advent of shale, oversupply, and generous financial markets that neglected limited capital discipline contributed to low returns. Today, with prices reaching their lowest level in 30 years and mounting social pressure, leaders feel that change is inevitable. The COVID-19 pandemic is boosting what was already shaping up to be one of the industry's most transformative times. At its current course and speed, the industry may now enter an era defined by intense competition, rapid supply response driven by technology, stable or declining call, skepticism from investors, and mounting pressure from the public and government on the impact on the climate and environment. However, in most scenarios, oil and gas will remain a trillion-dollar market for decades. Given its role in providing affordable energy, it is too important to fail. So, the question of how to create value in the next normal is critical. To change the current paradigm, the industry will need to dig deep and build on its proud history of bold structural moves, innovation, and safe and profitable operations in the most difficult conditions. The winners will be those who take advantage of this crisis to boldly reposition their portfolios and transform their operating models. Companies that will not inevitably restructure or atrophy. The industry operates through long megacycles of changing supply and call, accompanied by shocks along the way. These megacycles have experienced strong fluctuations in value creation.

Electric Fuel Oil Heaters Market Key Players:

The key players in the global electric fuel oil heaters market are Warren Electric Corporation, San Electro Heat, Saz Boilers, Bosch, Modin Manufacturing, Delta T, Wattco, Bobst, Chromalox, Universal Hydraulik, and Elmess.

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Electric Fuel Oil Heaters Market, By Type                      

                                6.1.1 Flange Type            

                                6.1.2 Screw Plug Type   

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Electric Fuel Oil Heaters Market, By End-User                             

                                6.2.1 Pharmaceutical     

                                6.2.2 Food          

                                6.2.3 Chemical  

                                6.2.4 Forging     

                                6.2.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By End-User           

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By End-User           

8. Key Player Analysis                                    

                8.1 Warren Electric Corporation                

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 San Electro Heat                       

                8.3 Saz Boilers                   

                8.4 Bosch                            

                8.5 Modin Manufacturing                            

                8.6 Delta T                          

                8.7 Wattco                         

                8.8 Bobst                            

                8.9 Chromalox                  

                8.10 Elmess                        

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. North America Electric Fuel Oil Heaters Market By Type, From 2021-2026 ( USD Billion )
  2. North America Flange Type Market By Region, From 2021-2026 ( USD Billion )
  3. North America Screw Plug Type Market By Region, From 2021-2026 ( USD Billion )
  4. North America Electric Fuel Oil Heaters Market By End-User, From 2021-2026 ( USD Billion )
  5. North America Pharmaceutical Market By Region, From 2021-2026 ( USD Billion )
  6. North America Food Market By Region, From 2021-2026 ( USD Billion )
  7. North America Chemical Market By Region, From 2021-2026 ( USD Billion )
  8. North America Forging Market By Region, From 2021-2026 ( USD Billion )
  9. United States Electric Fuel Oil Heaters Market By Type, From 2021-2026 ( USD Billion )
  10. United States Electric Fuel Oil Heaters Market By End-User, From 2021-2026 ( USD Billion )
  11. Canada Electric Fuel Oil Heaters Market By Type, From 2021-2026 ( USD Billion )
  12. Canada Electric Fuel Oil Heaters Market By End-User, From 2021-2026 ( USD Billion )

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