Immersion heaters are used to heat a variety of liquids, including water, oil, chemicals, and gas that has been stored in reservoirs. Immersion heaters can be employed in a clean water tank or under any acidic medium and are designed to endure any simulated environment. Immersion heaters are used to heat liquid storage tanks and to pressurize storage containers in a variety of industries. Immersion heaters are used for the installation of pressure vessels, tanks, and pipe bodies.
Immersion heaters are connected to their own power supply via a cable. In a hot water tank, an immersion heater is an electric water heater. The operation is similar to that of an electric kettle that heats the water surrounding it with an electrical resistance heater. During the forecast period, the advantages of immersion heaters over conventional heaters are expected to propel the market ahead. The main advantage of having an immersion heater is as a hot water backup.
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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.
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.
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.
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The Immersion Heater market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Immersion Heater market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Immersion Heater market report also maps the qualitative impact of various market factors on market segments and geographies.
Immersion Heater: Market Segmentation
Based on product type, the global immersion heater can be segmented into:
- Over the side Immersion Heater
- Flanged Immersion Heater
- Threaded/Screw Immersion Plug Heater
- Oil Immersion Heaters
- Screw Plug Immersion Heaters
Based on application, the global immersion heater can be segmented into:
- Chemical and Plastics Industry
- Pharmaceutical Industry
- Automotive Industry
- Marine
- Oil and Gas
- Others
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