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Global MCH Heaters Market By Type (Plate Type, Rod Type, Tube Type, and Others), By Application (Automotive Components, Household Heating Components, Industrial Heating Components, and Others) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

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Credence Research Inc

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a year ago

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Key Highlights of the report

How are the major segments performing in the MCH Heaters Market?

  • The tube-type segment dominated the global market in 2021, which is anticipated to continue throughout the projected period. Rising demand for tubular MCH heaters from various end-use sectors such as automotive, chemical, industrial, and others is propelling growth in this market segment.
  • The household heating components application segment had the highest market revenue share in 2021. MCH heaters are widely used in toasters, ovens, and other small-scale household heating appliances.

 

What is the Market Size of MCH Heaters regarding value?

The global MCH heaters market is anticipated to grow at a substantial CAGR of XX% in the upcoming years. The global MCH heaters industry was estimated to be worth USD XX billion in 2021 and was expected to be worth USD XX billion by 2028.

 

Which region dominated the MCH heaters market?

In 2021, the Asia Pacific region was anticipated to hold a prominent global MCH heaters market share. Increased government investment to strengthen industrial development and productivity, rapid implementation of Industry 4.0 technologies, technical advancements in process heating systems, increased demand for steam boilers from different energy type industries, increased investment toward adding energy generation capacity, and increasing popularity of dual-source heating system are key factors driving the regional industrial MCH heaters market. Similarly, the Indian government has launched several initiatives to boost industrial activity in the country, thereby supporting the industrial MCH heaters market demand.

 

How is US Market Performing in the MCH Heaters Market?

The United States holds most of the North American MCH heaters market revenue due to the rapid adoption of smart and efficient ignition systems in residual and industrial sectors. It is due to the highly developed industries of high-end technologies in the United States. Emerging high-end domains such as aerospace, defense, and space exploration require precise and lightweight equipment. As a result, MCH heaters will have a substantial market in the country. The key demand driver for the market is the high affordability and low-price range of industrial heaters. Furthermore, the reduction in energy consumption provided by industrial MCH heaters is further expected to increase product demand.

 

What is the competitive environment of the MCH heaters market?

The global MCH heaters market is highly fragmented owing to the limited presence of global and regional players. Major players are implementing strategies like product portfolio expansion and regional expansion to strengthen their positions in the global market. For instance, Rogers Corporation acquired Silicone Engineering Ltd in October 2021, a leading manufacturer of ceramic material solutions for use in industrial heaters, medical devices, and other markets. Silicone Engineering will serve as Roger’s center of excellence for customers needing premium ceramic solutions. Similarly, Spirax-Sarco Engineering PLC acquired Thermocoax SAS in June 2019. The acquisition aims to strengthen the company’s electrical process heating business Chromalox in the United States and the Thermocoax brand globally.

 

Executive Summary

What are the key trends in the MCH Heaters Market?

  • CCI Thermal Technologies Inc, a market leader in developing engineered heating & filtration solutions for industrial purposes, was acquired by Thermon Group Holdings Inc in October 2018. This will allow Therman Group to broaden its product portfolio globally.

 

What are all the technical developments in the global MCH heaters market?

Ceramic heating element technological advancements improve performance and efficiency. The increasing proclivity of industry players toward technology adoption and automation in equipment processing and electrical system maintenance is a major factor driving demand for industrial MCH heaters. Additionally, the increased adoption of heaters in maintaining furnace temperature in plastic industrial sectors is expected to drive market growth. For instance, Tempco introduced a new MCH heaters temperature controller in January 2019. These high-performance heat controllers have various features, including a compact design, a bright LCD, and simple programming.

 

Which are the key investments by the MCH heaters market players?

Key players in the MCH heaters industry are concentrating their investments on more technologically capable, cost-effective, and secure solutions and products for various applications. For instance, Rogers Corp invested in and introduced their new solution ARLON raPld polyimide substrates, in March 2018 to streamline industrial production and enhance the efficiency of flexible MCH heater applications. It replaced polyimide film with a novel ceramic adhesive that can be processed in less time, at lower temperatures, and under lower pressure. Likewise, Backer AB, a NIBE group member, purchased Elektrotermija in February 2020. The company creates and sells intelligent, energy-saving indoor comfort solutions. Elecktrotermija is a Serbian company that manufactures electric MCH heaters and devices.

 

Analog Technologies, Kyocera, Innovacera, and NTK Technical Ceramics are major MCH heaters market players.

 

What are the Major Driving Factors for the MCH Heaters Market?

Increasing consumer electronics demand and increased MCH heater adoption across various industries are also expected to be primary drivers of market growth. They are regularly used in toaster ovens and other small appliances. Ceramic heating element technological advancements improve efficiency and performance. Increasing demand from end-use industries such as automotive, construction, and electrical & electronics propels the MCH heaters market forward. Increasing disposable income allows consumers to invest in high-quality metal ceramic heating elements.

 

What are the Major Risks for the MCH Heaters Market?

The increased installation and maintenance costs impact the metal-ceramic heaters (MCH) market. Metal ceramic heaters work best in smaller spaces like a room or a small office as they are less effective in heating larger spaces. In addition, physical objects in the room may block heat transfer. Metal ceramic heaters without fans heat a room slowly, and most models must run continuously on electricity to produce heat.

 

Which is the key type in the MCH heaters market?

The tube-type segment will contribute a substantial revenue share to the market for MCH heaters globally in the upcoming years. Tubular MCH heaters are available straight, either with one or more bends. They are used for immersion applications as well as air heating. On the other hand, they are typically used for immersion applications and are picked for terminating, wattage, mounting options, lengths, and material composition. Additionally, they are frequently used in industrial, commercial, and scientific applications. They are available in different lengths, terminations, diameters, electrical ratings, and sheath materials. The most popular uses for tubular MCH heaters include heating metal mold platens, freeze protection, tank heating, heating medical and analytical devices, thermoforming, and using them in rotisserie ovens, warming cabinets, combi ovens, steamers, circulation heating, conveyor ovens, fryers, convection ovens, smokers, grills, vacuum applications, radiant heating, ware washers, and fluidized beds.

 

How is the MCH heaters market performing in regions?

The Asia Pacific region is predicted to have the largest market for MCH heaters due to the major manufacturing hubs in India, South Korea, Japan, China, and Taiwan. Rapid urbanization and rising government investment are the main factors fueling regional growth, stimulating productivity and industrial growth. Increasing consumer electronics demand and the region’s exponentially growing automotive industry are expected to drive market growth during the forecast period. Asia Pacific is rapidly emerging as a critical hub for global manufacturer advancement and innovation, making it an ideal region for developing and launching cutting-edge technology products.

 

North America is predicted to witness the fastest share in the global MCH heaters market during the forecast period due to its developed manufacturing industry and adoption of advanced technology. Metal ceramic heaters are in high demand in the region because they easily warm up a space and reduce the risk of burns by not utilizing fire. These heaters also have internal fans that keep them from overheating and thus increase their security. Numerous additional advantages of the MCH heater, such as uniform heating, a short time to reach the ideal temperature, design flexibility, the removal of electronic diagnostics for operation, etc., encourage its adoption in the regional automotive components sector.

 

What is the regulatory landscape for the MCH heaters market?

Technological advancements and government initiatives drive the MCH heaters market size to improve energy efficiency across sectors. Numerous government initiatives, such as Seoul’s Solar City, aim to provide profitable growth opportunities for the ceramic heating industry.

 

What are the major players planning for the future of the MCH heaters market?

The growing trend of energy-saving and cost-cutting among electronics manufacturers is driving up demand for the product throughout the industrial sector. The modernization of equipment heating & the safe operation provided by circulation heaters and MCH heaters are expected to drive market growth in the coming years.  For example, All Flex Flexible Circuits Inc declared etched foil MCH heater solutions in August 2020. The etched foil MCH heaters solution introduced by All Flex meets the need for a higher-wattage heater other than conventional polyimide, Kapton, or ceramic rubber for medical diagnostics.

 

REPORT ATTRIBUTEDETAILS
MCH Heaters Market by VolumeYes
MCH Heaters Market by ValueYes
MCH Heaters Market, Tornado AnalysisYes
MCH Heaters Market, STAR AnalysisYes
MCH Heaters Market, SRC AnalysisYes
MCH Heaters Market, Import-Export DataYes (On Demand)
MCH Heaters Market Pricing AnalysisYes (On Demand)
MCH Heaters Market Segment Analysis

By Type (Plate Type, Rod Type, Tube Type, and Others)

 

By Application (Automotive Components, Household Heating Components, Industrial Heating Components, and Others)

MCH Heaters Market, Regional Analysis

North America (US and Canada)

 

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)

MCH Heaters Market Key CompaniesAnalog Technologies, Kyocera, Innovacera, and NTK Technical Ceramics
MCH Heaters Market Competitive Landscape

Market Share Analysis

 

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Segmentation of Global MCH Heaters Market –

Global MCH Heaters Market – By Type

  • Plate Type
  • Rod Type
  • Tube Type
  • Others

Global MCH Heaters Market – By Application

  • Automotive Components
  • Household Heating Components
  • Industrial Heating Components
  • Others

Global MCH Heaters Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

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