The global bolt heaters market was valued at $179.4 million in 2021 and is projected to reach $269.4 million by 2031, registering a CAGR of 4.3% from 2022 to 2031.
Bolt heaters are used to tighten big hollow bolts that require a high concentration of heat for expansion. These are put into the hollow bolt and preheats, allowing the bolt to be tightened further. These are commonly used in heavy machinery and equipment to tighten huge bolts and studs. Large bolts may be heated to full expansion in 15-30 minutes using the bolt heaters. Furthermore, bolt heaters are commonly utilized in cylinders, die blocks, turbines, engine heads, big compressors, presses, and pressure vessels.
Growth in the demand for industrial machinery across the globe in various end-use industries is expected to increase the demand for bolt heaters. The increase in the construction of various infrastructures due to rapid industrialization and urbanization is expected to increase the demand for bolt heaters. Ocean shipping is the primary means of global trade, with around 90% of traded products transported across the waves. Maritime transport is one of a larger set of economic activities that can provide economic value. This brings with it both possibilities and problems. Shipping accounts for 2.9% of global greenhouse gas emissions. As global freight demand rises, marine commerce volumes are expected to quadruple by 2050. All such factors positively influence the growth of the bolt heaters market.
Economic progress around the world has led to various changes, such as improvements in life support and health, access to goods and a wide variety of foods, hundreds of millions of jobs created, and others which are particularly noticeable in emerging economies. The backbone of all these developments such as industrialization, and globalization is the energy sector. Being the power source metric of civilization, world energy consumption has profound repercussions for the socioeconomic development of society as energy, population, and urbanization are dependent on each other. The surge in the demand for power has led to an increase in the investment of the government in renewable energy such as wind power. The increase in wind power share in total power generation in most of the developed and developing countries across the globe have driven the demand for wind turbines, hence having a positive impact on the demand for the bolt heaters market. The above-mentioned positive factors are the major reason for the growth of the bolt heaters market.
Bolt heater technology is simple equipment that can be manufactured by any machinery or metal manufacturing industry. The presence of low demand or saturation of the demand for bolt heaters across the globe has led to the low investment of the manufacturers to optimize or innovate new bolt heater equipment. Furthermore, its application in large-scale manufacturing industries such as aerospace, aeronautics, and other processing industries has a great impact on the market, as these manufacturing facilities are unique and are only found in developed regions such as North America, and Europe. The abovementioned factor is expected to hamper the growth of the bolt heaters market expansion during the forecast period.
The bolt heaters market analysis is segmented on the basis of type, application, and region. By type, the market is categorized into gas bolt heaters, electric bolt heaters, and flexible bolt heaters. By end use, it is divided into oil & gas, marine, power generation, food & plastic packaging, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Bolt heaters are used to tighten big hollow bolts that require a high concentration of heat for expansion. These are put into the hollow bolt and preheats, allowing the bolt to be tightened further. These are commonly used in heavy machinery and equipment to tighten huge bolts and studs. Large bolts may be heated to full expansion in 15-30 minutes using the bolt heaters. Furthermore, bolt heaters are commonly utilized in cylinders, die blocks, turbines, engine heads, big compressors, presses, and pressure vessels.
Growth in the demand for industrial machinery across the globe in various end-use industries is expected to increase the demand for bolt heaters. The increase in the construction of various infrastructures due to rapid industrialization and urbanization is expected to increase the demand for bolt heaters. Ocean shipping is the primary means of global trade, with around 90% of traded products transported across the waves. Maritime transport is one of a larger set of economic activities that can provide economic value. This brings with it both possibilities and problems. Shipping accounts for 2.9% of global greenhouse gas emissions. As global freight demand rises, marine commerce volumes are expected to quadruple by 2050. All such factors positively influence the growth of the bolt heaters market.
Economic progress around the world has led to various changes, such as improvements in life support and health, access to goods and a wide variety of foods, hundreds of millions of jobs created, and others which are particularly noticeable in emerging economies. The backbone of all these developments such as industrialization, and globalization is the energy sector. Being the power source metric of civilization, world energy consumption has profound repercussions for the socioeconomic development of society as energy, population, and urbanization are dependent on each other. The surge in the demand for power has led to an increase in the investment of the government in renewable energy such as wind power. The increase in wind power share in total power generation in most of the developed and developing countries across the globe have driven the demand for wind turbines, hence having a positive impact on the demand for the bolt heaters market. The above-mentioned positive factors are the major reason for the growth of the bolt heaters market.
Bolt heater technology is simple equipment that can be manufactured by any machinery or metal manufacturing industry. The presence of low demand or saturation of the demand for bolt heaters across the globe has led to the low investment of the manufacturers to optimize or innovate new bolt heater equipment. Furthermore, its application in large-scale manufacturing industries such as aerospace, aeronautics, and other processing industries has a great impact on the market, as these manufacturing facilities are unique and are only found in developed regions such as North America, and Europe. The abovementioned factor is expected to hamper the growth of the bolt heaters market expansion during the forecast period.
The bolt heaters market analysis is segmented on the basis of type, application, and region. By type, the market is categorized into gas bolt heaters, electric bolt heaters, and flexible bolt heaters. By end use, it is divided into oil & gas, marine, power generation, food & plastic packaging, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Impact of Covid-19 on Global Bolt Heaters Market
The COVID-19 pandemic led to the temporary long-term halting of manufacturing and construction activities in major economies such as the U.S., Canada, Germany, China, and India. A similar economic decline was witnessed in other countries as well. This decline in manufacturing output and postponing of construction projects deeply hampered the global bolt heaters market.Competitive Landscape
Key players in the bolt heaters industry Protherm Industries, Durex Industries, Indeeco, Heatrex, Cetal, Bucan Electric Heating Devices Inc., National Plastic Heater Sensor, and Control Inc., Vulcanic TEE, Big Chief Inc., Elektrotermija.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bolt heaters market analysis from 2021 to 2031 to identify the prevailing bolt heaters market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the bolt heaters market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global bolt heaters market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Flexible Bolt Heaters
- Gas Bolt Heaters
- Electric Bolt Heaters
By End Use
- Oil and Gas
- Marine
- Power Generation
- Food and Plastic Packaging
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Indeeco
- Cetal
- Big Chief Inc.
- Bucan Electric Heating Devices Inc.
- Heatrex
- Vulcanic TEE
- Elektrotermija
- Durex Industries
- National Plastic Heater, Sensor and Control Inc.
- Protherm Industries
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. Moderate threat of substitutes
3.3.4. Moderate threat of new entrants
3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rising demand for marine trade activities
3.4.1.2. Increasing electricity generation pressures in the urbanized areas of the world
3.4.1.3. Increase in the demand for food & chemical processing industries
3.4.2. Restraints
3.4.2.1. The decline in the construction of coal-based thermal power plants
3.4.3. Opportunities
3.4.3.1. Increasing government initiatives towards wind energy
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Value Chain Analysis
CHAPTER 4: BOLT HEATERS MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Gas Bolt Heaters
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Electric Bolt Heaters
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Flexible Bolt Heaters
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: BOLT HEATERS MARKET, BY END USE
5.1. Overview
5.1.1. Market size and forecast
5.2. Oil and Gas
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Marine
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Power Generation
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Food and Plastic Packaging
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Others
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
CHAPTER 6: BOLT HEATERS MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key trends and opportunities
6.2.2. Market size and forecast, by Type
6.2.3. Market size and forecast, by End Use
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Key market trends, growth factors and opportunities
6.2.4.1.2. Market size and forecast, by Type
6.2.4.1.3. Market size and forecast, by End Use
6.2.4.2. Canada
6.2.4.2.1. Key market trends, growth factors and opportunities
6.2.4.2.2. Market size and forecast, by Type
6.2.4.2.3. Market size and forecast, by End Use
6.2.4.3. Mexico
6.2.4.3.1. Key market trends, growth factors and opportunities
6.2.4.3.2. Market size and forecast, by Type
6.2.4.3.3. Market size and forecast, by End Use
6.3. Europe
6.3.1. Key trends and opportunities
6.3.2. Market size and forecast, by Type
6.3.3. Market size and forecast, by End Use
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Key market trends, growth factors and opportunities
6.3.4.1.2. Market size and forecast, by Type
6.3.4.1.3. Market size and forecast, by End Use
6.3.4.2. France
6.3.4.2.1. Key market trends, growth factors and opportunities
6.3.4.2.2. Market size and forecast, by Type
6.3.4.2.3. Market size and forecast, by End Use
6.3.4.3. Italy
6.3.4.3.1. Key market trends, growth factors and opportunities
6.3.4.3.2. Market size and forecast, by Type
6.3.4.3.3. Market size and forecast, by End Use
6.3.4.4. Spain
6.3.4.4.1. Key market trends, growth factors and opportunities
6.3.4.4.2. Market size and forecast, by Type
6.3.4.4.3. Market size and forecast, by End Use
6.3.4.5. UK
6.3.4.5.1. Key market trends, growth factors and opportunities
6.3.4.5.2. Market size and forecast, by Type
6.3.4.5.3. Market size and forecast, by End Use
6.3.4.6. Rest of Europe
6.3.4.6.1. Key market trends, growth factors and opportunities
6.3.4.6.2. Market size and forecast, by Type
6.3.4.6.3. Market size and forecast, by End Use
6.4. Asia-Pacific
6.4.1. Key trends and opportunities
6.4.2. Market size and forecast, by Type
6.4.3. Market size and forecast, by End Use
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Key market trends, growth factors and opportunities
6.4.4.1.2. Market size and forecast, by Type
6.4.4.1.3. Market size and forecast, by End Use
6.4.4.2. Japan
6.4.4.2.1. Key market trends, growth factors and opportunities
6.4.4.2.2. Market size and forecast, by Type
6.4.4.2.3. Market size and forecast, by End Use
6.4.4.3. India
6.4.4.3.1. Key market trends, growth factors and opportunities
6.4.4.3.2. Market size and forecast, by Type
6.4.4.3.3. Market size and forecast, by End Use
6.4.4.4. South Korea
6.4.4.4.1. Key market trends, growth factors and opportunities
6.4.4.4.2. Market size and forecast, by Type
6.4.4.4.3. Market size and forecast, by End Use
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Key market trends, growth factors and opportunities
6.4.4.5.2. Market size and forecast, by Type
6.4.4.5.3. Market size and forecast, by End Use
6.5. LAMEA
6.5.1. Key trends and opportunities
6.5.2. Market size and forecast, by Type
6.5.3. Market size and forecast, by End Use
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Key market trends, growth factors and opportunities
6.5.4.1.2. Market size and forecast, by Type
6.5.4.1.3. Market size and forecast, by End Use
6.5.4.2. Saudi Arabia
6.5.4.2.1. Key market trends, growth factors and opportunities
6.5.4.2.2. Market size and forecast, by Type
6.5.4.2.3. Market size and forecast, by End Use
6.5.4.3. South Africa
6.5.4.3.1. Key market trends, growth factors and opportunities
6.5.4.3.2. Market size and forecast, by Type
6.5.4.3.3. Market size and forecast, by End Use
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Key market trends, growth factors and opportunities
6.5.4.4.2. Market size and forecast, by Type
6.5.4.4.3. Market size and forecast, by End Use
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
8.1. Protherm Industries
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.2. Durex Industries
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.3. Indeeco
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.4. Heatrex
8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.5. Bucan Electric Heating Devices Inc.
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.6. Cetal
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.7. National Plastic Heater, Sensor and Control Inc.
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.8. Vulcanic TEE
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.9. Big Chief Inc.
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.10. Elektrotermija
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
List of Tables
Table 01. Global Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 02. Bolt Heaters Market for Gas Bolt Heaters, by Region, 2021-2031 (Revenue, $Thousand)
Table 03. Bolt Heaters Market for Electric Bolt Heaters, by Region, 2021-2031 (Revenue, $Thousand)
Table 04. Bolt Heaters Market for Flexible Bolt Heaters, by Region, 2021-2031 (Revenue, $Thousand)
Table 05. Global Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 06. Bolt Heaters Market for Oil and Gas, by Region, 2021-2031 (Revenue, $Thousand)
Table 07. Bolt Heaters Market for Marine, by Region, 2021-2031 (Revenue, $Thousand)
Table 08. Bolt Heaters Market for Power Generation, by Region, 2021-2031 (Revenue, $Thousand)
Table 09. Bolt Heaters Market for Food and Plastic Packaging, by Region, 2021-2031 (Revenue, $Thousand)
Table 10. Bolt Heaters Market for Others, by Region, 2021-2031 (Revenue, $Thousand)
Table 11. Bolt Heaters Market, by Region, 2021-2031 (Revenue, $Thousand)
Table 12. North America Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 13. North America Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 14. North America Bolt Heaters Market, by Country, 2021-2031 (Revenue, $Thousand)
Table 15. U.S. Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 16. U.S. Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 17. Canada Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 18. Canada Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 19. Mexico Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 20. Mexico Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 21. Europe Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 22. Europe Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 23. Europe Bolt Heaters Market, by Country, 2021-2031 (Revenue, $Thousand)
Table 24. Germany Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 25. Germany Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 26. France Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 27. France Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 28. Italy Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 29. Italy Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 30. Spain Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 31. Spain Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 32. UK Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 33. UK Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 34. Rest of Europe Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 35. Rest of Europe Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 36. Asia-Pacific Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 37. Asia-Pacific Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 38. Asia-Pacific Bolt Heaters Market, by Country, 2021-2031 (Revenue, $Thousand)
Table 39. China Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 40. China Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 41. Japan Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 42. Japan Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 43. India Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 44. India Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 45. South Korea Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 46. South Korea Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 47. Rest of Asia-Pacific Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 48. Rest of Asia-Pacific Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 49. LAMEA Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 50. LAMEA Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 51. LAMEA Bolt Heaters Market, by Country, 2021-2031 (Revenue, $Thousand)
Table 52. Brazil Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 53. Brazil Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 54. Saudi Arabia Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 55. Saudi Arabia Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 56. South Africa Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 57. South Africa Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 58. Rest of LAMEA Bolt Heaters Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 59. Rest of LAMEA Bolt Heaters Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 60. Protherm Industries: Key Executives
Table 61. Protherm Industries: Company Snapshot
Table 62. Protherm Industries: Product Segments
Table 63. Protherm Industries: Product Portfolio
Table 64. Durex Industries: Key Executives
Table 65. Durex Industries: Company Snapshot
Table 66. Durex Industries: Product Segments
Table 67. Durex Industries: Product Portfolio
Table 68. Indeeco: Key Executives
Table 69. Indeeco: Company Snapshot
Table 70. Indeeco: Product Segments
Table 71. Indeeco: Product Portfolio
Table 72. Heatrex: Key Executives
Table 73. Heatrex: Company Snapshot
Table 74. Heatrex: Product Segments
Table 75. Heatrex: Product Portfolio
Table 76. Bucan Electric Heating Devices Inc.: Key Executives
Table 77. Bucan Electric Heating Devices Inc.: Company Snapshot
Table 78. Bucan Electric Heating Devices Inc.: Product Segments
Table 79. Bucan Electric Heating Devices Inc.: Product Portfolio
Table 80. Cetal: Key Executives
Table 81. Cetal: Company Snapshot
Table 82. Cetal: Product Segments
Table 83. Cetal: Product Portfolio
Table 84. National Plastic Heater, Sensor and Control Inc.: Key Executives
Table 85. National Plastic Heater, Sensor and Control Inc.: Company Snapshot
Table 86. National Plastic Heater, Sensor and Control Inc.: Product Segments
Table 87. National Plastic Heater, Sensor and Control Inc.: Product Portfolio
Table 88. Vulcanic Tee: Key Executives
Table 89. Vulcanic Tee: Company Snapshot
Table 90. Vulcanic Tee: Product Segments
Table 91. Vulcanic Tee: Product Portfolio
Table 92. Big Chief Inc.: Key Executives
Table 93. Big Chief Inc.: Company Snapshot
Table 94. Big Chief Inc.: Product Segments
Table 95. Big Chief Inc.: Product Portfolio
Table 96. Elektrotermija: Key Executives
Table 97. Elektrotermija: Company Snapshot
Table 98. Elektrotermija: Product Segments
Table 99. Elektrotermija: Product Portfolio
List of Figures
Figure 01. Bolt Heaters Market, 2021-2031
Figure 02. Segmentation of Bolt Heaters Market, 2021-2031
Figure 03. Top Investment Pockets in Bolt Heaters Market (2022-2031)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. Moderate Bargaining Power of Buyers
Figure 06. Moderate Threat of Substitutes
Figure 07. Moderate Threat of New Entrants
Figure 08. Moderate Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalbolt Heaters Market
Figure 10. Impact of Key Regulation: Bolt Heaters Market
Figure 11. Value Chain Analysis: Bolt Heaters Market
Figure 12. Bolt Heaters Market, by Type, 2021 (%)
Figure 13. Comparative Share Analysis of Bolt Heaters Market for Gas Bolt Heaters, by Country 2021-2031 (%)
Figure 14. Comparative Share Analysis of Bolt Heaters Market for Electric Bolt Heaters, by Country 2021-2031 (%)
Figure 15. Comparative Share Analysis of Bolt Heaters Market for Flexible Bolt Heaters, by Country 2021-2031 (%)
Figure 16. Bolt Heaters Market, by End Use, 2021 (%)
Figure 17. Comparative Share Analysis of Bolt Heaters Market for Oil and Gas, by Country 2021-2031 (%)
Figure 18. Comparative Share Analysis of Bolt Heaters Market for Marine, by Country 2021-2031 (%)
Figure 19. Comparative Share Analysis of Bolt Heaters Market for Power Generation, by Country 2021-2031 (%)
Figure 20. Comparative Share Analysis of Bolt Heaters Market for Food and Plastic Packaging, by Country 2021-2031 (%)
Figure 21. Comparative Share Analysis of Bolt Heaters Market for Others, by Country 2021-2031 (%)
Figure 22. Bolt Heaters Market by Region, 2021
Figure 23. U.S. Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 24. Canada Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 25. Mexico Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 26. Germany Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 27. France Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 28. Italy Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 29. Spain Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 30. UK Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 31. Rest of Europe Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 32. China Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 33. Japan Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 34. India Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 35. South Korea Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 36. Rest of Asia-Pacific Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 37. Brazil Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 38. Saudi Arabia Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 39. South Africa Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 40. Rest of LAMEA Bolt Heaters Market, 2021-2031 ($Thousand)
Figure 41. Top Winning Strategies, by Year
Figure 42. Top Winning Strategies, by Development
Figure 43. Top Winning Strategies, by Company
Figure 44. Product Mapping of Top 10 Players
Figure 45. Competitive Dashboard
Figure 46. Competitive Heatmap: Bolt Heaters Market
Figure 47. Top Player Positioning, 2021
Executive Summary
According to the report titled, “Bolt Heaters Market," The bolt heaters market was valued at $179.4 million in 2021, and is estimated to reach $269.4 million by 2031, growing at a CAGR of 4.2% from 2022 to 2031.The global bolt heaters market was valued at $179.4 million in 2021 and is projected to reach $269.4 million by 2031, registering a CAGR of 4.3% from 2022 to 2031.
Bolt heaters are used to tighten large bolts that secure heavy machinery and equipment. The shaft of the heater is inserted into the hollow bolt and energized to expand it, allowing further tightening of the nut. The bolt heaters market has a wide range of applications across the globe due to the presence of various end-user industries such as aerospace, aeronautics, oil & gas industries, food processing industries, and others.
One of the key drivers of the bolt heaters market is the increase in demand from the marine and oil & gas industries. Furthermore, increase in the population across the globe has created a demand for food and chemical processing industries. The increase in population has increased the need for various products for comfort. The surge in the demand for electric goods and automotive products have created the demand for bolt heaters. The increase in culture toward ready-to-eat food and fast foods in developed countries across the globe has led to the construction of food processing industries. The presence of crude oil resources in North America, and LAMEA region has led to the presence of infrastructure related to plastic processing which is widely used in the medical, food, and other packaging industries.
The presence of alternatives such as manual and mechanical force-based equipment has restrained market growth. In addition, a lack of awareness among people in developing and under-developed countries regarding the application of bolt heaters in various small-scale manufacturing industries is a major factor hampering the growth of the market.
The global bolt heaters market analysis is segmented on the basis of type, application, and region. By type, the market is categorized into gas bolt heaters, electric bolt heaters, and flexible bolt heaters. By end use, it is divided into oil & gas, marine, power generation, food & plastic packaging, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players in the bolt heaters industry include Protherm Industries, Durex Industries, Indeeco, Heatrex, Cetal, Bucan Electric Heating Devices Inc., National Plastic Heater Sensor, and Control Inc., Vulcanic TEE, Big Chief Inc., and Elektrotermija.
Key findings of the study
- On the basis of type, the gas bolt heater segment is projected to grow at the highest CAGR of approximately 4.0%, in terms of revenue, during the forecast period.
- On the basis of end-use, the oil and gas segment is projected to grow at the highest CAGR of approximately 3.7%, in terms of revenue, during the forecast period.
- Region-wise, North America is projected to grow at the highest CAGR of 3.8%, in terms of revenue, during the forecast period.
COVID-19 Impact Analysis
In major economies including the U.S., Canada, Germany, China, and India, the COVID-19 epidemic caused the temporary and long-term suspension of production and building activity. Various other nations have experienced a similar economic downturn. The worldwide bolt heaters market was severely impacted by this drop in industrial production and the postponement of building projects.During the post-pandemic outbreak, the government engaged in commerce growth, which led to a rise in sea traffic. Furthermore, the continuing conflicts in Russia and Ukraine have increased the use of aircraft and other aerospace weapon systems, resulting in a rise in demand for bolt heaters. Furthermore, the rising need for oil and gas resources throughout the world has resulted in increased investment in the oil and gas sectors, increasing demand for the bolt heaters market. The above-mentioned activities will have a favorable influence on the growth of the bolt heaters market.
Companies Mentioned
- Indeeco
- Cetal
- Big Chief Inc.
- Bucan Electric Heating Devices Inc.
- Heatrex
- Vulcanic TEE
- Elektrotermija
- Durex Industries
- National Plastic Heater, Sensor and Control Inc.
- Protherm Industries
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 259 |
| Published | December 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 179.4 million |
| Forecasted Market Value ( USD | $ 269.4 million |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
