Electric heater industry continues to improve

- Feb 25, 2020-

There are three main ways to heat materials, including combustion heating, electric heating, and other energy heating. Among them, electric heating methods are safe, environmentally friendly, energy-saving, and efficient. Their related industries have been eagerly welcomed by the public in recent years. Heaters are one of them. The electric heater can convert electric energy into heat energy, and is suitable for heating a working medium in a liquid state or a vapor-liquid mixture state, and is mainly used in technical fields such as vehicles.

 

With the continuous development of electric heating technology, the application field of electric heater products has been continuously expanded, and it has been widely used in many areas, and its market size has also been continuously expanded. According to the "In-depth Investigation and Development Prospect Forecast Report of the Chinese Electric Heater Industry Market 2019-2024" issued by the Xinsijie Industry Research Center, from the perspective of production scale, since 2010, the scale of electric heater production in China has continued to grow From the 5.6 billion yuan in 2010 to 2018, China's electric heater production scale reached more than 11.5 billion yuan, an increase of about 10.5 percentage points compared with the previous year's 10.4 billion yuan production scale. Since 2010, the scale of China's electric heater market has shown an upward trend year by year. From 4.5 billion yuan in 2010 to 2018, the scale of China's electric heater market has reached nearly 10 billion yuan, which is more than the 8.5 billion yuan in the previous year. Compared with the market size, it has increased by about 17.6 percentage points. It can be seen that China's electric heater market is continuously improving.

 

From the perspective of the market structure, with the vigorous implementation of a series of favorable policies by the country, it has provided a good environment for the development of the electric heater market, causing domestic related companies to layout the electric heater market in succession. The number of enterprises has reached more than a thousand, further intensifying the market competition in the domestic electric heater industry. Among the many companies, the top three companies are Dongfang Electric Heating, China-Japan Electric Heating, and Tianwan Electric Heating. These three companies have strong market competitiveness and large market share, but the total market share is still less than 20%. . It can be seen that the concentration of the electric heater market in China is relatively low, and there is huge room for improvement in the future.

 

Industry analysts in Xinsijie said that with the continuous acceleration of domestic industrialization and urbanization, and the continuous implementation of national energy conservation and emission reduction policies, the market for electric heaters with safety, low energy consumption, and environmental protection features With a good development momentum, its market size has been continuously expanded. Driven by favorable national policies and huge market demand, the number of companies joining the electric heater market is increasing, market competition is fierce, market concentration is relatively low, and there is huge room for improvement in the future.