Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Resistance Heating Wire Market (Type: Kanthal (FeCrAl) Wires, Nickel-Chrome, Cupronickel (CuNi) Alloys, Others; Application: Petroleum & Petrochemicals, Metallurgical & Machinery, Ceramic & Glass Processing, Electronic Appliances, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025”, forecasts that the global market for resistance heating wire is expected to grow at a CAGR of more than 8% from 2018 to 2025 and reach the market value of around $2.7 billion by 2025. Resistance wire is used for making electrical resistors. Metal or alloy is the best suitable material for making resistance heating wires which have high resistance per unit length. Nickel-chrome is the widely used material in wire wound resistors and heating elements.
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The stability of resistors, temperature coefficient of resistivity and corrosion plays an important role in material selection. Resistance heating wire is made from different materials such as Kanthal (FeCrAl) wire, Nickel-Chrome, Cupronickel (CuNi) Alloys, and various other alloys. Resistance heating wire is insulated by ceramic powder and sheathed in a tube of another alloy. Furthermore, the application of such heating elements is in electric ovens and water heaters, and in specialized forms for cooktops. The major factor driving the growth of the market is the increasing demand for resistance heating wire in different industries. These wires are used in large scale in water heaters and electric ovens which may further boost the growth of the market. There is a significant rise in demand for various consumer goods such as toasters, portable space heaters, and others and changing lifestyle of the society is further spurring the growth of the market. However, availability of alternative products and high cost of the material is curbing the growth of market.
Metallurgical & Machinery Will Grow At Highest CAGR through Forecasting Period
Consumption of Kanthal resistance heating wire in metallurgical & machinery may grow during the forecast period. There are various types of furnaces used for melting metals and alloys. In this process, for fabricating melting metals, an electric resistance based low-cost furnace is planned to use. The operating temperature of the furnace is up to 1000ºC and Kanthal wire is chosen for the electrical furnace. Kanthal is a ferrite-iron-chromium-aluminum alloy (FeCrAl) and is a resistance based electrical heating wire with operating temperature up to 1400ºC. It is widely used due to high electrical resistivity and good oxidation resistance, such as electrical heating elements in high-temperature furnaces for heat treatment, steel, ceramics, glass, and electronics industries.
Rising Demand of Resistance Heating Wire In Electric Home Appliances
The material used for resistance heating wire in electric home appliances is alloy. Mainly alloy is used due to the stability of resistors at the time of material selection, whereas the temperature coefficient of resistivity and corrosion resistance plays a large part in heating elements. Electric home appliances are toasters, warming plates, dyers, portable space heaters, stove burners, industrial furnaces and many more. To cover the wire, the ceramic material is often used due to higher heat and corrosion resistance property. Heating wire offers high resistance, high surface load, and resists oxidation. Major properties that make wire beneficial are its capability to resist sagging and deforming while being light in weight. Therefore, these properties boost the market growth and result in rising consumer demand.
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Properties of Alloy: Resistance Heating Wire for Electrical Home Appliances
Alloys have low resistivity and high-temperature coefficient of resistance. Heating element has a positive temperature coefficient that allows reducing power as the temperature rises. The application is in low-temperature heating elements with self-regulating features. The operating life of the resistance heating alloy is dependent on a number of factors such as:
Resistance Heating Wire Expected To Hold Highest Share In Asia-Pacific
Asia-Pacific is anticipated to witness robust growth throughout the forecasted period attributed to increasing expenditure and per capita financial gain. Furthermore, Asia-Pacific sustains its position in the major electronic appliances and also, with increasing local production, appliances, with more affordable price is driving the growth of the resistance heating wire market. China is the largest manufacturer of resistance heating wire due to high demand from electronic appliances, petrochemical, and metallurgical & machinery industry. Along with China, India is showing promising growth due to the rapid rise in urban population in the country.
The global resistance heating wire market not only studies the top key players but also takes into consideration the role of the small and medium enterprises. Technological advancement is leading to new opportunities and invites new players in form of start-ups. Some of the key players operating in the global resistance heating wire market, profiled in the report include Kanthal, Isabellenhutte, Sedes Group S.r.l., Danyang Xinli Alloy Co., Ltd., Mega Heaters, Eltherm, Furukawa, Xinghuo Special Steel Co., Ltd., Chongquing Chuanyi metallic functional materials Co., Ltd., Changshu Electric Heating Alloy Material Factory Co., Ltd., TaiZhou JiShen Resistance Wire Co., LTD, Omega, and among others.
Performance and Life of Heating Element Depends On Properties of Material Used
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