Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Bolt Heaters Market to reach USD 259.8 million by the end of 2030.

Global Bolt Heaters Market Size study & Forecast, by Type (Gas Bolt Heaters, Electric Bolt Heaters, Flexible Bolt Heaters), by End use (Oil and Gas, Marine, Power Generation, Food and Plastic Packaging, Others) and Regional Analysis, 2023-2030

Product Code: OIRIME-72140918
Publish Date: 19-06-2023
Page: 200

Global Bolt Heaters Market is valued approximately at USD 186.9 million in 2022 and is anticipated to grow with a growth rate of more than 4.2% over the forecast period 2023-2030. By inserting the shaft of the heater into the hollow bolt and energizing it to expand, bolt heaters enable the tightening of large bolts that secure heavy machinery and equipment, thereby facilitating additional tightening of the nut. The Bolt heaters market is driven by factors such as the rising in demand from oil and gas industry.

Bolt heaters are used in oil and gas industry for various application such as installing and maintenance of cold weather applications and bolt loosening. According to Statista in year 2020 the global oil production across the world stood at 4170.9 million metric tons which increased to 4221.4 million metric tons in year 2021. Along with these, International Energy Agency reports that global oil demand in 2020 was nearly 9 mb/d and it is projected to reach 104.1 mb/d by 2026 . Thus, rising oil production and consumption is fueling the market growth. In addition, the development of renewable energy such as wind turbines and growing investment in various cutting-edge technologies is creating lucrative opportunity for the market growth. However, the high initial cost and Environmental Regulations is major challenge for the market growth.

The key regions considered for the Global Bolt Heaters Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 holding the largest market share due to rising production of crude oil and mining activities and rising number of government initiatives for mining projects. Asia Pacific is the fastest growing market, owing to the large population base and growth in residential and commercial building projects.

Major market player included in this report are:
Big Chief Inc.
Bucan Electric Heating Devices Inc.,
Vulcanic TEE
Durex Industries
National Plastic Heater
Sensor and Control Inc.
Protherm Industries
Indeeco thermal heating solutions
Recent Developments in the Market:
Ø In Aug 2021, Indian Oil Corporation Limited announced its plan to invest USD 15 billion to increase its refining capacity 3 times by 2025.
Ø In Jan 2021, the state-run oil refiner Indian Oil’s board of directors approved setting up a new refinery in Nagapattinam in Tamil Nadu.
Global Bolt Heaters Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End use, region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Gas Bolt Heaters
Electric Bolt Heaters
Flexible Bolt Heaters

By End use:
Oil and Gas
Power Generation
Food and Plastic Packaging

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Bolt Heaters Market, by region, 2020-2030 (USD Million)
1.2.2. Bolt Heaters Market, by Type, 2020-2030 (USD Million)
1.2.3. Bolt Heaters Market, by End use, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Bolt Heaters Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Bolt Heaters Market Dynamics
3.1. Bolt Heaters Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising demand from oil industry Rising demand from natural gas industry
3.1.2. Market Challenges High initial cost Environmental Regulations
3.1.3. Market Opportunities Increasing investments are driving the development of cutting-edge technologies. Development of renewable energy such as wind turbines
Chapter 4. Global Bolt Heaters Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Bolt Heaters Market, by Type
5.1. Market Snapshot
5.2. Global Bolt Heaters Market by Type, Performance – Potential Analysis
5.3. Global Bolt Heaters Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Bolt Heaters Market, Sub Segment Analysis
5.4.1. Gas Bolt Heater
5.4.2. Electric Bolt Heaters
5.4.3. Flexible Bolt Heaters
Chapter 6. Global Bolt Heaters Market, by End use
6.1. Market Snapshot
6.2. Global Bolt Heaters Market by End use, Performance – Potential Analysis
6.3. Global Bolt Heaters Market Estimates & Forecasts by End use 2020-2030 (USD Million)
6.4. Bolt Heaters Market, Sub Segment Analysis
6.4.1. Oil and Gas
6.4.2. Marine
6.4.3. Power Generation
6.4.4. Food and plastic Packing
6.4.5. Other
Chapter 7. Global Bolt Heaters Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Bolt Heaters Market, Regional Market Snapshot
7.4. North America Bolt Heaters Market
7.4.1. U.S. Bolt Heaters Market Type breakdown estimates & forecasts, 2020-2030 End use breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Bolt Heaters Market
7.5. Europe Bolt Heaters Market Snapshot
7.5.1. U.K. Bolt Heaters Market
7.5.2. Germany Bolt Heaters Market
7.5.3. France Bolt Heaters Market
7.5.4. Spain Bolt Heaters Market
7.5.5. Italy Bolt Heaters Market
7.5.6. Rest of Europe Bolt Heaters Market
7.6. Asia-Pacific Bolt Heaters Market Snapshot
7.6.1. China Bolt Heaters Market
7.6.2. India Bolt Heaters Market
7.6.3. Japan Bolt Heaters Market
7.6.4. Australia Bolt Heaters Market
7.6.5. South Korea Bolt Heaters Market
7.6.6. Rest of Asia Pacific Bolt Heaters Market
7.7. Latin America Bolt Heaters Market Snapshot
7.7.1. Brazil Bolt Heaters Market
7.7.2. Mexico Bolt Heaters Market
7.8. Middle East & Africa Bolt Heaters Market
7.8.1. Saudi Arabia Bolt Heaters Market
7.8.2. South Africa Bolt Heaters Market
7.8.3. Rest of Middle East & Africa Bolt Heaters Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Big chief Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Bucan Electric Heating Devices Inc.
8.3.3. Heatrex
8.3.4. Vulcanic TEE
8.3.5. Elektrotermija
8.3.6. Durex industries
8.3.7. National plastic heater
8.3.8. Sensor and control inc.
8.3.9. Protherm industries
8.3.10. Indeeco thermal heating solutions
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now