Global Bolt Heaters Market is valued approximately at USD 186.9 million in 2022 and is anticipated to grow with a growth rate of more than 4.2% over the forecast period 2023-2030. By inserting the shaft of the heater into the hollow bolt and energizing it to expand, bolt heaters enable the tightening of large bolts that secure heavy machinery and equipment, thereby facilitating additional tightening of the nut. The Bolt heaters market is driven by factors such as the rising in demand from oil and gas industry.
Bolt heaters are used in oil and gas industry for various application such as installing and maintenance of cold weather applications and bolt loosening. According to Statista in year 2020 the global oil production across the world stood at 4170.9 million metric tons which increased to 4221.4 million metric tons in year 2021. Along with these, International Energy Agency reports that global oil demand in 2020 was nearly 9 mb/d and it is projected to reach 104.1 mb/d by 2026 . Thus, rising oil production and consumption is fueling the market growth. In addition, the development of renewable energy such as wind turbines and growing investment in various cutting-edge technologies is creating lucrative opportunity for the market growth. However, the high initial cost and Environmental Regulations is major challenge for the market growth.
The key regions considered for the Global Bolt Heaters Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 holding the largest market share due to rising production of crude oil and mining activities and rising number of government initiatives for mining projects. Asia Pacific is the fastest growing market, owing to the large population base and growth in residential and commercial building projects.
Major market players included in this report are:
- Big Chief Inc.
- Bucan Electric Heating Devices Inc.,
- Heatrex
- Vulcanic TEE
- Elektrotermija
- Durex Industries
- National Plastic Heater
- Sensor and Control Inc.
- Protherm Industries
- Indeeco thermal heating solutions
Recent Developments in the Market:
- In Aug 2021, Indian Oil Corporation Limited announced its plan to invest USD 15 billion to increase its refining capacity 3 times by 2025.
- In Jan 2021, the state-run oil refiner Indian Oil's board of directors approved setting up a new refinery in Nagapattinam in Tamil Nadu.
Global Bolt Heaters Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, End use, region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Bolt Heaters Market, by region, 2020-2030 (USD Million)
- 1.2.2. Bolt Heaters Market, by Type, 2020-2030 (USD Million)
- 1.2.3. Bolt Heaters Market, by End use, 2020-2030 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Bolt Heaters Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Bolt Heaters Market Dynamics
- 3.1. Bolt Heaters Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand from oil industry
- 3.1.1.2. Rising demand from natural gas industry
- 3.1.2. Market Challenges
- 3.1.2.1. High initial cost
- 3.1.2.2. Environmental Regulations
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing investments are driving the development of cutting-edge technologies.
- 3.1.3.2. Development of renewable energy such as wind turbines
Chapter 4. Global Bolt Heaters Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Bolt Heaters Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Bolt Heaters Market by Type, Performance - Potential Analysis
- 5.3. Global Bolt Heaters Market Estimates & Forecasts by Type 2020-2030 (USD Million)
- 5.4. Bolt Heaters Market, Sub Segment Analysis
- 5.4.1. Gas Bolt Heater
- 5.4.2. Electric Bolt Heaters
- 5.4.3. Flexible Bolt Heaters
Chapter 6. Global Bolt Heaters Market, by End use
- 6.1. Market Snapshot
- 6.2. Global Bolt Heaters Market by End use, Performance - Potential Analysis
- 6.3. Global Bolt Heaters Market Estimates & Forecasts by End use 2020-2030 (USD Million)
- 6.4. Bolt Heaters Market, Sub Segment Analysis
- 6.4.1. Oil and Gas
- 6.4.2. Marine
- 6.4.3. Power Generation
- 6.4.4. Food and plastic Packing
- 6.4.5. Other
Chapter 7. Global Bolt Heaters Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Bolt Heaters Market, Regional Market Snapshot
- 7.4. North America Bolt Heaters Market
- 7.4.1. U.S. Bolt Heaters Market
- 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. End use breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Bolt Heaters Market
- 7.5. Europe Bolt Heaters Market Snapshot
- 7.5.1. U.K. Bolt Heaters Market
- 7.5.2. Germany Bolt Heaters Market
- 7.5.3. France Bolt Heaters Market
- 7.5.4. Spain Bolt Heaters Market
- 7.5.5. Italy Bolt Heaters Market
- 7.5.6. Rest of Europe Bolt Heaters Market
- 7.6. Asia-Pacific Bolt Heaters Market Snapshot
- 7.6.1. China Bolt Heaters Market
- 7.6.2. India Bolt Heaters Market
- 7.6.3. Japan Bolt Heaters Market
- 7.6.4. Australia Bolt Heaters Market
- 7.6.5. South Korea Bolt Heaters Market
- 7.6.6. Rest of Asia Pacific Bolt Heaters Market
- 7.7. Latin America Bolt Heaters Market Snapshot
- 7.7.1. Brazil Bolt Heaters Market
- 7.7.2. Mexico Bolt Heaters Market
- 7.8. Middle East & Africa Bolt Heaters Market
- 7.8.1. Saudi Arabia Bolt Heaters Market
- 7.8.2. South Africa Bolt Heaters Market
- 7.8.3. Rest of Middle East & Africa Bolt Heaters Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Big chief Inc.
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Bucan Electric Heating Devices Inc.
- 8.3.3. Heatrex
- 8.3.4. Vulcanic TEE
- 8.3.5. Elektrotermija
- 8.3.6. Durex industries
- 8.3.7. National plastic heater
- 8.3.8. Sensor and control inc.
- 8.3.9. Protherm industries
- 8.3.10. Indeeco thermal heating solutions
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption