In the past few decades of development in China's electric heating tube industry, the standards for electric heating tubes have made significant progress, with market prices tending towards stability and promising market prospects. In response to the national call, energy conservation has become the principle and goal of industrial development. Electric heating tubes, as electrical components specialized in converting electrical energy into thermal energy, are suitable for various devices such as saltpeter tanks, water tanks, oil tanks, acid-base tanks, melting furnaces for molten metals, air heating furnaces, drying furnaces, drying ovens, hot pressing molds, etc. Compared with traditional heating, it is pollution-free, easy to install, convenient to use, and inexpensive, belonging to environmentally friendly and green production.
Compared to traditional heating methods that mostly rely on burning oil, coal, etc. for heating, the development of industry comes at the cost of damaging the environment and sacrificing health, and is gradually being phased out in modern society.
According to the "2020-2024 In depth Market Research and Investment Strategy Suggestions Report on the Electric Heating Tube Industry" released by the New Thinking Industry Research Center, electric heating tubes can be widely used in industries such as chemical, papermaking, printing and dyeing, coatings, plastics, automobiles, home appliances, pharmaceuticals, and food. They have applications in both industrial and civilian sectors, and market demand continues to grow. From 2015 to 2019, the average annual compound growth rate of China's electric heating tube market was 14.7%. In 2019, the market size was approximately 27.6 billion yuan. The market size of electric heating tubes in China continues to grow rapidly, and the industry has a good development trend.
Firstly, electric heating tubes are widely used in the automotive industry. China is the world's largest producer and seller of automobiles, and the demand for electric heating tubes in automotive air conditioning, thermal management systems, and other components continues to grow. Especially with the booming development of the new energy vehicle industry, the technical requirements for electric heating tubes in new energy vehicle thermal management systems, air conditioning systems, and compressor systems have further increased.
The second important industry is the use of electric heating tubes in the barbecue field. Currently, in order to control the greenhouse effect and reduce carbon dioxide emissions, the government in China has gradually banned outdoor open flame barbecue. However, the demand in the barbecue market remains strong, and smokeless electric ovens have become a development trend. The smokeless electric grill uses electric heating tubes as the source of heat energy. Due to the high temperature required for grilling and the long duration of high-temperature operations, seasoning will also be added during the grilling process. Therefore, the demand and quality requirements for electric heating tubes have increased.
In addition, drying wood, paper, printing and dyeing, painting, building heating, industrial electric furnaces, electric furnace boxes, vulcanization devices, and some industrial equipment electric heating tubes are indispensable components.
According to industry insiders' analysis, electric heating tubes have a wide range of applications, with demand in both industrial and civilian fields, and the market size continues to expand. With the continuous advancement of technology, downstream industries have increasingly high requirements for the performance and quality of electric heating tubes, and the electric heating tube industry is developing towards high-end direction. The development of China's electric heating tube industry is relatively mature, with a wide variety of products that can be produced. However, there is an unbalanced development trend in product structure, with overcapacity at the low-end. In the future, the survival of the fittest in China's electric heating tube industry will continue, increasing the risk of companies with insufficient strength being eliminated.
