Motor Space Heater Market Size, Share, Analysis, Growth, Forecasts, 2032

Motor Space Heater Industry Prospective:

The global motor space heater market size was worth around USD 831.8 million in 2023 and is predicted to grow to around USD 1,246.90 million by 2032 with a compound annual growth rate (CAGR) of roughly 4.60% between 2024 and 2032.

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Motor Space Heater Market: Overview

A motor space heater is a device used in motor-based machines to manage the internal temperature of the motor. The heater ensures that the motor temperature during the off period stays above the ambient temperature thus preventing condensation inside the motor. The heaters are required to enhance the overall lifecycle of motors by preventing any damage to the bearings, windings, and electrical connections.

Motor space heaters are traditionally placed either inside or outside the motor casing. The demand for space heaters for motors has been growing over the years driven by multiple factors including increased usage in motors employed in colder environments.

Furthermore, the growing number of offshore activities has further promoted the use of motor space heaters. The industry is expected to generate growth opportunities due to the increasing launch of new solutions and product innovation. However, the high initial cost of the heaters and lack of awareness among end-users may impact the overall revenue in the long term.

Key Insights:

• As per the analysis shared by our research analyst, the global motor space heater market is estimated to grow annually at a CAGR of around 4.60% over the forecast period (2024-2032)
• In terms of revenue, the global motor space heater market size was valued at around USD 831.8 million in 2023 and is projected to reach USD 1,246.90 million by 2032.
• The market is projected to grow at a significant rate due to the growing investments in offshore activities.
• Based on the material, the ceramic segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on the application, the discrete industry segment is anticipated to command the largest market share.
• Based on region, Asia-Pacific is projected to dominate the global market during the forecast period.

Motor Space Heater Market: Growth Drivers

Growing investments in offshore activities to drive demand for effective heaters during the forecast period

The global motor space heater market is expected to grow due to the increasing investments in offshore projects. Some of the most common activities carried out across offshore regions include oil & gas exploration, energy centers, and marine transportation of goods.

Motors play a crucial role in the overall infrastructure required in offshore activities. For instance, motors are used on oil & gas platforms in drilling, pumping, and compressing equipment. In energy sources such as wind farms, they are used on turbines and other ancillary systems.

Similarly, motors are essential for the smooth functioning of machines and equipment employed on offshore infrastructures or vehicles. The motors are subject to extreme temperatures and harsh weather that can lead to quick wear and tear of the device.

In such cases, motor space heaters play a crucial role in ascertaining the long-term survival and application of the motors. The impact of extreme changes in temperature on motors can be mitigated with the help of space heaters thus facilitating smooth operations and reduced expenses. The growing investments in major offshore projects especially renewable energy sources will be crucial to the industry’s growth rate in the future.

In September 2024, Vestas, a leading renewable energy firm, announced that it had secured an order for 810 MW from Equinor. Vestas will now be responsible for powering the Empire Wind 1 offshore wind project in New York.

Rising rate of industrialization and automation across industries will fuel future market expansion

The demand for space heaters for motors can benefit from the growing rate of automation and industrialization across developed and developing economies. Motors are essential for powering critical components of automation tools including conveyor belts, robots, fans, and other equipment. In addition to this, the increasing technological innovation in terms of advanced motors will encourage the players in the global motor space heater market to invest in research & development (R&D).

Industries worldwide are increasingly investing in Artificial Intelligence (AI)--powered automation tools to reduce manual work and improve business operations. According to market analysis, industries in the fields of healthcare, automotive, welding, machining, metals, plastics & rubber, and others are some of the leading adopters of automation and robotics propelling the demand for highly efficient motor space heaters.

Motor Space Heater Market: Restraints

High cost of the equipment to limit the industry’s growth rate during the projection period

The global motor space heater industry is expected to be restricted due to the high cost of the equipment. For instance, specialized heaters with intrinsic design can cost more than USD 1000 especially the ones applied in harsh environments.

The high cost of replacement and maintenance of the specialized devices will further cause reduced demand for the devices. In addition to this, small & medium-sized size enterprises may not be fully aware of the importance of motor space heaters leading to a limited adoption rate.

Motor Space Heater Market: Opportunities

Increasing research & development (R&D) for novel solutions in the market will generate growth opportunities

The global motor space heater market is projected to generate growth opportunities due to the increasing product innovations and the development of new solutions with higher performance.

Market players are increasingly offering new motor space heaters with superior efficiency attracting more buyers. The industry’s growth rate can benefit from the rising demand for enhancing the energy efficiency quotient of industrial tools.

Major economies such as the US, European nations, and Asian countries are increasingly seeking new solutions that reduce the dependence on non-renewable energy and also optimize power application.

For instance, in September 2023, Germany witnessed the passing of the German Federal Act on the Increase of Energy Efficiency (EnEfG). The novel program focuses on increasing energy efficiency for data centers and companies.

Growing demand in emerging economies to be paramount for industries' growth rate in the future

The rising rate of infrastructure development projects across emerging nations will create demand for cost-effective motor space heaters in the coming years. These economies are registering investments across buildings & construction, water treatment, and utilities industries propelling the demand in the global motor space heater market to ensure smooth business operations.

Motor Space Heater Market: Challenges

Competition from alternate technologies to challenge the market expansion trends in the future

The global industry for motor space heaters is projected to be challenged by the tough competition exhibited by alternate technologies. Motor space heaters are a part of traditional solutions for maintaining motor temperature. However, the introduction of new solutions such as radiant and infrared heaters will reduce the industry’s overall revenue rate.

Motor Space Heater Market: Report Scope

Motor Space Heater Market: Segmentation

The global motor space heater market is segmented based on material, type, application, and region.

Based on the material, the global market segments are metal and ceramic. In 2023, the highest growth was listed in the ceramic segment. It dominated nearly 65% of the total market share. The rising application of ceramic motor space heaters due to their higher energy efficiency has been a crucial segmental growth driver. Additionally, ceramic-based heaters for motor space heat faster and offer a lightweight design.

Based on type, the global motor space heater industry is divided into radiative heaters and convective space heaters.

Based on the application, the global market segments are the process industry and the discrete industry. In 2023, the discrete industry was listed as the leading revenue generator. According to market analysis, it held control over 70% of the overall revenue. These industries have specific motor applications and thus enjoy considerable demand for space heaters for motors. The common discrete industry applications include warehousing, manufacturing, construction sites, and research facilities.

Motor Space Heater Market: Regional Analysis

Asia-Pacific is the largest revenue generator according to market research

The global motor space heater market will be led by Asia-Pacific during the projection period. In 2023, the region was one of the highest revenue generators fueled by the increasing use of motor space heaters across major regional industries. Factors such as rapid industrialization and urbanization across Asian countries such as China and India are expected to help the regional market achieve higher dominance during the forecast period.

China, for instance, is home to some of the world’s most advanced manufacturing units providing services to heavy-duty industries including the automotive sector. These manufacturing facilities operate with the aid of automation-powered machinery prompting demand for motors and subsequently impacting the application of motor space heaters.

During the projection period, Europe is projected to emerge as the second-highest revenue generator driven by growing demand for optimizing energy usage across European countries. The surge in investments for offshore activities especially in the form of power generating the storing equipment will be crucial to the regional market growth rate.

According to official reports, Europe invested more than EUR 30.01 billion in offshore renewable energy and the investments are expected to surge in the coming years.

Motor Space Heater Market: Competitive Analysis

The global motor space heater market is led by players like:

• OMEGA Engineering
• Honeywell International Inc.
• Ghanacon Products
• Nidec Motors
• Siemens
• Gulf Electroquip
• Emerson Electric Co.
• Electro Flex
• ABB
• L&S Electric
• Jenkins
• Hilkar
• SINOMAS
• SIMEL
• BARTEC.

The global motor space heater market is segmented as follows:

By Material

• Metal
• Ceramic

By Type

• Radiative Heaters
• Convective Space Heaters

By Application

• Process Industry
• Discrete Industry

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa