Resistance Heating Wire Market - (Market By Types- First Aid Kit, Emergency Disaster Kit, Tool Kit, Specialized Kits, Market By End Users- Commercial, Industrial, Individual Consumer)- Global Industry Size, Share, Trends, and Forecast, 2018-2026

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Introduction

Resistance wire is a type of wire which is used for making electrical resistors. There are several types of resistance wire such as nichrome, a non-magnetic 80/20 alloy of nickel and chromium. These are the most common wires used for the heating purposes as it has high resistivity and resistance to oxidation at high temperatures. Moreover, these wires are manufactured in a huge range of alloys, with the diameters from 3.25 mm down to 0.06mm. When these wires are used as a heating element, resistance wire is normally offended into coils.

Market Dynamics

Increasing use of resistance heating wire in different industries is one of the major factors driving the growth of the market. These wires are used in large scale in electric ovens and water heaters which may further propel the growth of the market. During last few years, there is a significant increase in the demand for the various consumer goods such as oven and others. Increasing per capita income of the people, rising demand for the various consumer goods, and changing lifestyle of the people have fuelled the growth of the market. Moreover, it is increasingly used for heating elements in electric heaters, toasters, and others, therefore, boost the global resistance heating wire market.

However, presence of huge number of alternatives and high cost of the material may slow the growth of the market.

Market Classification and Overview

The global resistance heating wire market is segment into type, application, and region.

On the basis of type, the market is segmented into kanthal (FeCrAl) wires, nichrome 80/20 wire and strip, cupronickel (CuNi) alloys for low temperature heating, and other.

Based on the application, the market is segmented into petroleum & petrochemicals, metallurgical & machinery, ceramic & glass processing, electronic appliances, and other.

Regional Overview

Geographically, the global resistance heating wire market is bifurcated into 4 major regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

North America is expected t dominate the market during the forecast period 2018-2026 owing to the increasing industrial sectors which are using the resistance heating wire in a large scale for various different purposes. Europe is expected to hold the significant place in the market growth during the forecasted period owing to the increasing demand for the home appliances products such as electric heater, ovens and others. Moreover, rising government support is another factor propelling the growth of market in this region. Asia Pacific is expected to witness a strong growth during the forecasted period owing to the increasing expenditure and per capita income. Additionally, LAMEA is expecting a steady growth due to poor economical condition and less government support.

Report Coverage

Market

Resistance Heating Wire Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

 Type, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis,

Competitive Analysis, Player Profiling, Value Chain Analysis

Market Participants

The global resistance heating wire market comprises of some of the major players such as Chongqing Chuanyi, Sedes, KANTHAL, TAIZHOU JINCHUAN ALLOY, T.R.W, TIANHE THERMOELECTRIC, SHANGHAI XINXIANG, Isabellenhtte, Aperam, Xinghuo Special Steel and H.X.W.

Market Segmentation

Market By Type

  • Kanthal (FeCrAl) wires
  • Nichrome 80/20 Wire and Strip
  • Cupronickel (CuNi) Alloys for Low Temperature Heating
  • Other

Market By Application

  • Petroleum & Petrochemicals
  • Metallurgical & Machinery
  • Ceramic & Glass Processing
  • Electronic Appliances
  • Others

Market By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA


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