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2022
Bolt Heaters Market

Bolt Heaters Market by Type (Gas Bolt Heaters, Electric Bolt Heaters, and Others) and Application (Oil & Gas Industry, Power Generation, Food & Plastic Processing, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A15958
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Jul 2022 | 156 Views
   
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COVID-19

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Bolt heaters are used to tighten large hollow bolts where a large concentration of heat is critical for bolt expansion. It is inserted into the hollow bolt and preheats it to expand which allows further tightening of bolt or stud. It is generally used for the tightening of large bolts and studs in heavy machinery and equipment. The bolt heaters can heat large bolts to a full expansion in 15-30 minutes. Furthermore, bolt heater is generally used in cylinders, die blocks, turbines, engine heads, large compressors, presses, and pressure vessels. However, lack of knowledge and need for experienced technician are major restraints for the market growth.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Type and Application

  Companies Covered

Indeeco, Hotco, Vulcan, Ivaldi, Big Chief, ProTherm, CETAL, HEATCO, ASPEQ (Heatrex), Thermon Heating Systems (Caloritech), National Plastic Heater, Elmatic, Infinite Thermal Solutions Inc. (ITS), and Resistencias Tope sa

 

Covid-19 Impact Analysis 

  • The COVID-19’s unfavorable global effects are already evident, and had a big impact on the bolt heaters market in 2020.
  • The World Health Organization (WHO) declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths globally. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
  • The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moments since the financial crisis.
  • Since the pandemic, the restriction of imports and exports has affected the bolt heaters market to a great extent as consumers’ consumption and demand patterns are changing amidst the pandemic. 

Top Impacting Factors

The rapid industrialization and urbanization in emerging economies coupled with the increase in use of heavy machinery for construction activities are supporting the growth of the market. Bolt heater is used in assembly and servicing of various equipment in various industrial sectors including Shipyards, thermal power stations, and metallurgy also boost the demand. Furthermore, increased production and equipment use demand for maintenance and repair (M&R) services of equipment as the equipment tends to wear as it is used. Hence, such market drivers are expected to propel the growth of the market over the forecast period.

Market Trends

  • Increase in Demands in Various End Use Industries Results in Market Growth
  • Growing concerns about the environment, carbon emissions, energy consumption, and energy efficiency encouraged the adoption of bolt heaters. Designing heaters with improved thermal performance, thereby achieving lower costs in both domestic and non-domestic areas reduce the overall heating load, which results in increase in demand for the market.
  • Urbanization and Industrialization in Asia-Pacific region is bolstering the market growth.
  • With increase in construction activities in developing economies such as China, Japan, and India, the demand for heavy machineries has increased significantly. This has resulted in demand for increase in servicing activities of these machineries and hence, the market for bolt heaters has experienced a significant rise.
  • Demand for Bolt Heater Rises Significantly in European Countries
  • Nowadays, bolt heaters are gaining popularity in Europe from the medical industry attributable to their increase in application in the manufacturing of medical surgical equipment. Fast paced lifestyle, urge for good quality living standards, and increase in demand for clean cooking technologies are some factors, which are expected to sustain the demand for bolt heaters in the region.

Key Benefits of Report

This study presents the analytical depiction of the bolt heaters market along with the current trends and future estimations to determine the imminent investment pockets.

  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the bolt heaters market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the bolt heaters market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed bolt heaters market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in Bolt Heaters Market Report

  • Who are the leading market players active in the bolt heaters market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?                                        

Key Market Segments

Segments Sub-segments
By Type
  • Gas Bolt Heaters
  • Electric Bolt Heaters
  • Others
By Application
  • Oil & Gas Industry
  • Power Generation
  • Food & Plastic Processing
  • Others
By REGION
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 
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