0
2022
Bolt Heaters Market

Bolt Heaters Market

by Type (Gas Bolt Heaters, Electric Bolt Heaters, Flexible Bolt Heaters), by End Use (Oil and Gas, Marine, Power Generation, Food and Plastic Packaging, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A15958
Dec 2022 | Pages: 259
Tables: 128
Charts: 57
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Bolt Heaters Market Research, 2031

The global bolt heaters market size was valued at $179.4 million in 2021, and bolt heaters industry is projected to reach $269.4 million by 2031, growing at a CAGR of 4.2% from 2022 to 2031.

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 heater market.

Bolt Heaters Market

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. It has a wide range of applications in cylinders, die blocks, turbines, engine heads, large compressors, presses, and pressure vessels.

There are numerous drivers for the global bolt heater industry. However, an increase in demand for oil & gas resources in the power generation and transportation sector increases demand for bolt heaters. In addition, the rise in demand for marine trade activities drives the growth of the bolt heater market. Growth in population and industrialization is expected to increase demand for huge power generation facilities.

The expansion of oil and gas pipeline building in developing nations like China and India has a beneficial effect on the market's growth. The building of wind and hydropower facilities in response to the rising need for electricity has increased the demand for different types of turbines. The need for turbines in the industry of power production has increased the demand for gas bolt heaters. In addition, the expansion of maritime transportation because of the global commerce boom fuels market expansion.

The electric bolt heater is expected to show a significant growth rate during the forecast period due to increased use of bolt heaters in power production, oil and gas, and other crucial industries. The rise in demand for the food and plastic processing sectors has a considerable effect on bolt heater demand. In addition, there has been a progressive increase in the use of airplanes for commercial transportation, which has increased the need for electric board heaters throughout aircraft buildings. In addition, ocean shipping, which transports around 90% of all commodities around the world via waves, is a significant mode of global commerce transportation. Over 13 million cargo ships are used in the ocean transportation business hence there is a huge demand for bolt heaters that provide various services.

Rise in Use of Bolt Heaters in Various End Use Industries

There is a rise in the use of bolt heaters in various applications such as oil and gas, marine, power generation, food & plastic processing, and others. The global energy consumption is projected to increase by 50% in the following two decades. The rise in global population and increase in living standards in developing nations are both responsible for this increase in demand. Petroleum fuel continues to be a significant energy source globally even if new and renewable energy sources are gaining popularity. Over the next decades, this tendency is anticipated to support the expansion of the downstream oil & gas business. There were plans to build new refineries around the nation, which is projected to boost the expansion of the market.

Marine vessels include any tanker, freighter, barge, or other watercraft used for the bulk transportation of solid or liquid cargo, such as grain, coal, rock, petroleum liquid, or crude oil. The shipbuilding, port, shipbuilding supply, marine engineering, offshore wind energy, and maritime research and development industries are the most significant segments of the maritime sector. The demand for the transportation of goods by waterways is increasing in the seaborne freight sector due to cargo safety and cost-effectiveness. Marine transportation is less costly for shipping products compared to air and road transit. Ships can transport more cargo from one location to another in a short amount of time. Hence, rapid development of the marine industry has a significant impact on the bolt heaters market.

The demand for bolt heater is anticipated to be aided by elements including convenience and the usage of high-performance materials in the food and plastic packaging sectors. The industry is anticipated to develop faster because of increased efficiency in the avoidance of content contamination and improved shelf-life. In addition, factors like increased disposable income, decline in family sizes, and population growth favor market expansion. The bolt heater market is projected to expand because of the abovementioned cause.

In North America, the U.S. aerospace sector is vital to the global aerospace industry since Boeing manufactures most of the commercial aircrafts. In addition, the U.S. is one of the world's top producers of crude oil. Canada is the sixth-largest producer of natural gas and the fourth-largest producer of oil worldwide. Its oil & gas reserves rank third in the globe. The food & beverage processing sector is also Canada's second-largest manufacturing sector in terms of production value, with $125 billion in sales of commodities produced in 2021.

The second-largest location that generates enormous amounts of wind energy is the European Union. In this region, Germany produces the most wind energy. The windmills of the Netherlands are well-known. Additionally, most of the top manufacturers of turbines, including Siemens and Vestas, have their headquarters in this region. In addition, oil & gas imports from Russia via oil & gas pipelines are the main sources of energy for the European continent. There is a need for the bolt heater market since the existence of these oil & gas pipelines mandates the need for services to prolong their lifespan.

Furthermore, In Asia-Pacific, China and India are the largest countries that influence the growth of the Asia-Pacific bolt heaters market, owing to the large population and growth in residential and commercial building projects. The development of wind turbines and other renewable energy sources is anticipated to be fueled by a rise in energy demand. Furthermore, India is spending more than $40 billion to upgrade its pipelines for oil & gas, port-based liquefied natural gas (LNG) regasification facilities, city gas distribution (CGD) systems, and gas exploration initiatives. The manufacturing of military aircraft, turbines, and aerospace-related goods has increased because of Indian government efforts like "Made in India," which is anticipated to create chances for the expansion of the bolt heater market.

The Paris Agreement, which was signed by the governments of several nations, aims to strengthen the parties' capacity to adapt to the consequences of climate change, mobilize adequate funding, and encourage each nation to decide, plan, and periodically report on its commitment to climate-friendly activities to slow global warming. Both emerging and developed nations are being prompted to raise money and support national and international environmental projects aimed at reducing global emissions due to the increased need for alternative and clean energy sources. In addition, the market will benefit from the growing investments made by the key industry players in the creation of several cutting-edge technologies to boost the effectiveness of solar energy harvesting. Thus, the development of renewable energy from wind and hydropower is projected to drive the demand for heavy machines which is anticipated to offer lucrative opportunities for the global bolt heaters market growth.

The global bolt heaters market forecast 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 ol & gas, marine, power generation, food & plastic packaging, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Bolt Heaters Market

On the basis of type, the gas bolt heaters segment accounted for 51.9% of the bolt heaters market share in 2021 and is expected to maintain its dominance during the forecast period. This is owing to its wide range of applications in food and plastic packaging, power generation, and the construction of oil & gas pipelines.

Bolt Heaters Market

By end use, it is divided into oil & gas, marine, power generation, food & plastic packaging, and others. The oil and gas segment accounted for the largest revenue share in the global bolt heaters market in 2021. The world energy demand is anticipated to grow by 50% in the next two decades. This growth in demand can be attributed to the growing world population and an improvement in living standards in developing countries. Even though new and renewable energy sources are gaining popularity around the world, petroleum fuel remains a major energy source globally. This trend is expected to continue for the next few decades and favor the growth of the oil and gas downstream market.

Bolt Heaters Market

Region-wise, North America accounted for the largest market share in the market and is projected to grow at a CAGR of 3.8% during the forecast period. This region is a dominant player in the aerospace, oil & gas, and turbine manufacturing industries, hence the growth and demand for these industries will boost the bolt heater market.

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 heater market.

Competitive Landscape

Key players in bolt heater industry includes 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 players are focusing on acquisitions and mergers to expand their product portfolio and strengthen their production capacity. For instance, in August 2021, Indian Oil Corporation Limited announced its plan to invest USD 15 billion to increase its refining capacity three times by 2025. In January 2021, the state-run oil refiner Indian Oil’s board of directors approved setting up a new refinery in Nagapattinam in Tamil Nadu. The refinery is expected to have an annual refining capacity of 9 million metric tons and an investment of INR 31,500 crore. In August 2021, the Indian Oil Group had a refining capacity of 80.2 MMTPA (million metric tons per annum), which accounts for 33% of the total national refining capacity (249.87 MMTPA). Moreover, the group announced that it will boost its annual oil refining capacity to 87.55 million tons by 2025. Owing to several major upcoming projects, the bolt heater market is expected to witness significant growth during the forecast period.

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.

Bolt Heaters Market Report Highlights

Aspects Details
Market Size By 2031 USD 269.4 million
Growth Rate CAGR of 4.2%
Forecast period 2021 - 2031
Report Pages 259
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 Durex Industries, Big Chief Inc., Vulcanic TEE, Indeeco, Protherm Industries, Cetal, Heatrex, National Plastic Heater, Sensor and Control Inc., Elektrotermija, Bucan Electric Heating Devices Inc.
 
  • CHAPTER 1:INTRODUCTION

    • 1.1.Report description

    • 1.2.Key market segments

    • 1.3.Key benefits to the stakeholders

    • 1.4.Research Methodology

      • 1.4.1.Secondary research

      • 1.4.2.Primary research

      • 1.4.3.Analyst tools and models

  • CHAPTER 2:EXECUTIVE SUMMARY

    • 2.1.Key findings of the study

    • 2.2.CXO Perspective

  • CHAPTER 3:MARKET OVERVIEW

    • 3.1.Market definition and scope

    • 3.2.Key findings

      • 3.2.1.Top investment pockets

    • 3.3.Porter’s five forces analysis

    • 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.Value Chain Analysis

    • 3.7.Key Regulation 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

    • 6.2 North America

      • 6.2.1 Key trends and opportunities

      • 6.2.2 North America Market size and forecast, by Type

      • 6.2.3 North America Market size and forecast, by End Use

      • 6.2.4 North America 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 Europe Market size and forecast, by Type

      • 6.3.3 Europe Market size and forecast, by End Use

      • 6.3.4 Europe 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 Asia-Pacific Market size and forecast, by Type

      • 6.4.3 Asia-Pacific Market size and forecast, by End Use

      • 6.4.4 Asia-Pacific 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 LAMEA Market size and forecast, by Type

      • 6.5.3 LAMEA Market size and forecast, by End Use

      • 6.5.4 LAMEA 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 Indeeco

      • 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

      • 8.1.6 Business performance

      • 8.1.7 Key strategic moves and developments

    • 8.2 Cetal

      • 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

      • 8.2.6 Business performance

      • 8.2.7 Key strategic moves and developments

    • 8.3 Big Chief Inc.

      • 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

      • 8.3.6 Business performance

      • 8.3.7 Key strategic moves and developments

    • 8.4 Bucan Electric Heating Devices Inc.

      • 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

      • 8.4.6 Business performance

      • 8.4.7 Key strategic moves and developments

    • 8.5 Heatrex

      • 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

      • 8.5.6 Business performance

      • 8.5.7 Key strategic moves and developments

    • 8.6 Vulcanic TEE

      • 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

      • 8.6.6 Business performance

      • 8.6.7 Key strategic moves and developments

    • 8.7 Elektrotermija

      • 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

      • 8.7.6 Business performance

      • 8.7.7 Key strategic moves and developments

    • 8.8 Durex Industries

      • 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

      • 8.8.6 Business performance

      • 8.8.7 Key strategic moves and developments

    • 8.9 National Plastic Heater, Sensor and Control 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

      • 8.9.6 Business performance

      • 8.9.7 Key strategic moves and developments

    • 8.10 Protherm Industries

      • 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

      • 8.10.6 Business performance

      • 8.10.7 Key strategic moves and developments

  • LIST OF TABLES

  • TABLE 1. GLOBAL BOLT HEATERS MARKET, BY TYPE, 2021-2031 (REVENUE, $THOUSAND)
    TABLE 2. BOLT HEATERS MARKET FOR GAS BOLT HEATERS, BY REGION, 2021-2031 (REVENUE, $THOUSAND)
    TABLE 3. BOLT HEATERS MARKET FOR ELECTRIC BOLT HEATERS, BY REGION, 2021-2031 (REVENUE, $THOUSAND)
    TABLE 4. BOLT HEATERS MARKET FOR FLEXIBLE BOLT HEATERS, BY REGION, 2021-2031 (REVENUE, $THOUSAND)
    TABLE 5. GLOBAL BOLT HEATERS MARKET, BY END USE, 2021-2031 (REVENUE, $THOUSAND)
    TABLE 6. BOLT HEATERS MARKET FOR OIL AND GAS, BY REGION, 2021-2031 (REVENUE, $THOUSAND)
    TABLE 7. BOLT HEATERS MARKET FOR MARINE, BY REGION, 2021-2031 (REVENUE, $THOUSAND)
    TABLE 8. BOLT HEATERS MARKET FOR POWER GENERATION, BY REGION, 2021-2031 (REVENUE, $THOUSAND)
    TABLE 9. 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.INDEECO: KEY EXECUTIVES
    TABLE 60.INDEECO: COMPANY SNAPSHOT
    TABLE 61.INDEECO: OPERATING SEGMENTS
    TABLE 62.INDEECO: PRODUCT PORTFOLIO
    TABLE 63.INDEECO: NET SALES
    TABLE 64.INDEECO: KEY STRATERGIES
    TABLE 66.CETAL: KEY EXECUTIVES
    TABLE 66.CETAL: COMPANY SNAPSHOT
    TABLE 67.CETAL: OPERATING SEGMENTS
    TABLE 68.CETAL: PRODUCT PORTFOLIO
    TABLE 69.CETAL: NET SALES
    TABLE 70.CETAL: KEY STRATERGIES
    TABLE 72.BIG CHIEF INC.: KEY EXECUTIVES
    TABLE 72.BIG CHIEF INC.: COMPANY SNAPSHOT
    TABLE 73.BIG CHIEF INC.: OPERATING SEGMENTS
    TABLE 74.BIG CHIEF INC.: PRODUCT PORTFOLIO
    TABLE 75.BIG CHIEF INC.: NET SALES
    TABLE 76.BIG CHIEF INC.: KEY STRATERGIES
    TABLE 78.BUCAN ELECTRIC HEATING DEVICES INC.: KEY EXECUTIVES
    TABLE 78.BUCAN ELECTRIC HEATING DEVICES INC.: COMPANY SNAPSHOT
    TABLE 79.BUCAN ELECTRIC HEATING DEVICES INC.: OPERATING SEGMENTS
    TABLE 80.BUCAN ELECTRIC HEATING DEVICES INC.: PRODUCT PORTFOLIO
    TABLE 81.BUCAN ELECTRIC HEATING DEVICES INC.: NET SALES
    TABLE 82.BUCAN ELECTRIC HEATING DEVICES INC.: KEY STRATERGIES
    TABLE 84.HEATREX: KEY EXECUTIVES
    TABLE 84.HEATREX: COMPANY SNAPSHOT
    TABLE 85.HEATREX: OPERATING SEGMENTS
    TABLE 86.HEATREX: PRODUCT PORTFOLIO
    TABLE 87.HEATREX: NET SALES
    TABLE 88.HEATREX: KEY STRATERGIES
    TABLE 90.VULCANIC TEE: KEY EXECUTIVES
    TABLE 90.VULCANIC TEE: COMPANY SNAPSHOT
    TABLE 91.VULCANIC TEE: OPERATING SEGMENTS
    TABLE 92.VULCANIC TEE: PRODUCT PORTFOLIO
    TABLE 93.VULCANIC TEE: NET SALES
    TABLE 94.VULCANIC TEE: KEY STRATERGIES
    TABLE 96.ELEKTROTERMIJA: KEY EXECUTIVES
    TABLE 96.ELEKTROTERMIJA: COMPANY SNAPSHOT
    TABLE 97.ELEKTROTERMIJA: OPERATING SEGMENTS
    TABLE 98.ELEKTROTERMIJA: PRODUCT PORTFOLIO
    TABLE 99.ELEKTROTERMIJA: NET SALES
    TABLE 100.ELEKTROTERMIJA: KEY STRATERGIES
    TABLE 102.DUREX INDUSTRIES: KEY EXECUTIVES
    TABLE 102.DUREX INDUSTRIES: COMPANY SNAPSHOT
    TABLE 103.DUREX INDUSTRIES: OPERATING SEGMENTS
    TABLE 104.DUREX INDUSTRIES: PRODUCT PORTFOLIO
    TABLE 105.DUREX INDUSTRIES: NET SALES
    TABLE 106.DUREX INDUSTRIES: KEY STRATERGIES
    TABLE 108.NATIONAL PLASTIC HEATER, SENSOR AND CONTROL INC.: KEY EXECUTIVES
    TABLE 108.NATIONAL PLASTIC HEATER, SENSOR AND CONTROL INC.: COMPANY SNAPSHOT
    TABLE 109.NATIONAL PLASTIC HEATER, SENSOR AND CONTROL INC.: OPERATING SEGMENTS
    TABLE 110.NATIONAL PLASTIC HEATER, SENSOR AND CONTROL INC.: PRODUCT PORTFOLIO
    TABLE 111.NATIONAL PLASTIC HEATER, SENSOR AND CONTROL INC.: NET SALES
    TABLE 112.NATIONAL PLASTIC HEATER, SENSOR AND CONTROL INC.: KEY STRATERGIES
    TABLE 114.PROTHERM INDUSTRIES: KEY EXECUTIVES
    TABLE 114.PROTHERM INDUSTRIES: COMPANY SNAPSHOT
    TABLE 115.PROTHERM INDUSTRIES: OPERATING SEGMENTS
    TABLE 116.PROTHERM INDUSTRIES: PRODUCT PORTFOLIO
    TABLE 117.PROTHERM INDUSTRIES: NET SALES
    TABLE 118.PROTHERM INDUSTRIES: KEY STRATERGIES
  • LIST OF FIGURES

  • FIGURE 1. SEGMENTATION OF BOLT HEATERS MARKET,2021-2031
    FIGURE 2.BOLT HEATERS MARKET,2021-2031
    FIGURE 3. TOP INVESTMENT POCKETS, BY REGION
    FIGURE 4.PORTER FIVE-1
    FIGURE 5.PORTER FIVE-2
    FIGURE 6.PORTER FIVE-3
    FIGURE 7.PORTER FIVE-4
    FIGURE 8.PORTER FIVE-5
    FIGURE 9.BOLT HEATERS MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
    FIGURE 10.VALUE CHAIN ANALYSIS
    FIGURE 11.KEY REGULATION ANALYSIS
    FIGURE 12.BOLT HEATERS MARKET,BY TYPE,2021(%)
    FIGURE 13.COMPARATIVE SHARE ANALYSIS OF GAS BOLT HEATERS BOLT HEATERS MARKET, 2021 AND 2031(%)
    FIGURE 14.COMPARATIVE SHARE ANALYSIS OF ELECTRIC BOLT HEATERS BOLT HEATERS MARKET, 2021 AND 2031(%)
    FIGURE 15.COMPARATIVE SHARE ANALYSIS OF FLEXIBLE BOLT HEATERS BOLT HEATERS MARKET, 2021 AND 2031(%)
    FIGURE 16.BOLT HEATERS MARKET,BY END USE,2021(%)
    FIGURE 17.COMPARATIVE SHARE ANALYSIS OF OIL AND GAS BOLT HEATERS MARKET, 2021 AND 2031(%)
    FIGURE 18.COMPARATIVE SHARE ANALYSIS OF MARINE BOLT HEATERS MARKET, 2021 AND 2031(%)
    FIGURE 19.COMPARATIVE SHARE ANALYSIS OF POWER GENERATION BOLT HEATERS MARKET, 2021 AND 2031(%)
    FIGURE 20.COMPARATIVE SHARE ANALYSIS OF FOOD AND PLASTIC PACKAGING BOLT HEATERS MARKET, 2021 AND 2031(%)
    FIGURE 21.COMPARATIVE SHARE ANALYSIS OF OTHERS BOLT HEATERS MARKET, 2021 AND 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 OF TOP 10 KEY PLAYERS
    FIGURE 47.TOP PLAYER POSITIONING, 2021
    FIGURE 48.INDEECO.: NET SALES ($THOUSAND)
    FIGURE 49.CETAL.: NET SALES ($THOUSAND)
    FIGURE 50.BIG CHIEF INC..: NET SALES ($THOUSAND)
    FIGURE 51.BUCAN ELECTRIC HEATING DEVICES INC..: NET SALES ($THOUSAND)
    FIGURE 52.HEATREX.: NET SALES ($THOUSAND)
    FIGURE 53.VULCANIC TEE.: NET SALES ($THOUSAND)
    FIGURE 54.ELEKTROTERMIJA.: NET SALES ($THOUSAND)
    FIGURE 55.DUREX INDUSTRIES.: NET SALES ($THOUSAND)
    FIGURE 56.NATIONAL PLASTIC HEATER, SENSOR AND CONTROL INC..: NET SALES ($THOUSAND)
    FIGURE 57.PROTHERM INDUSTRIES.: NET SALES ($THOUSAND)

 
 

As per CXO Perspective, the global bolt heaters market is expected to witness increased demand during the forecast period. The increase in the investment to develop oil and gas resources onshore and offshore has a positive impact on market growth.

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.

Increase in marine activities in the search for fossil fuel resources and other metal resources have led to the construction of marine ships and other heavy equipment such as offshore oil field where crude oil is extracted from the seabed. In addition, the increase in population and the rapid development of mankind towards industrialization has created the demand for power which led to the construction of power plants across the globe in developing and developed countries. The increase in the investment of the capitalist in the construction of the food and plastic processing industry has a significant impact on the demand for the bolt heaters market. The above-mentioned factors, the bolt heaters market is expected to grow at a significant rate in the forecast period.    

The global bolt heaters market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among the analyzed regions, Asia-Pacific is likely to account for the highest CAGR throughout the forecast period, followed by LAMEA, Europe, and North America. Asia-Pacific region host some of the fastest developing countries such as China and India where there is huge demand for power generation, oil & gas related products and their end-use applications. The presence of a huge population and rapid industrialization in these countries has increased the demand for electricity which led to the investment in the development of thermal and nuclear power plants. The presence of demand for fossil fuels in this region and government initiatives and investment to develop offshore oil and gas fields have led to the presence of significant importance of the bolt heaters market.

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FREQUENTLY ASKED QUESTIONS?

A. Rise in demand for marine trade activities and increase in electricity generation pressures in the urbanized areas of the world are the key factors boosting the Bolt heaters market growth.

A. Oil and gas industry is projected to increase the demand for Bolt heaters Market

A. Increase in the demand for food & chemical processing industries is the Main Driver of Bolt heaters Market.

A. The market value of Bolt heaters in 2031 is expected to be $269.4 million

A. 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 ol & gas, marine, power generation, food & plastic packaging, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

A. 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

A. 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.

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