About Industrial Heating
Industrial heat accounts for two-thirds of total industrial energy demand and nearly one-fifth of total global energy consumption. It also accounts for the majority of the direct industrial CO2 emitted each year, as the vast majority of industrial heat is generated by the combustion of fossil fuels. Industrial heating systems are made up of a circuit that combines the technologies required to effectively provide heat to a specific industrial production process, ensuring the quality of the end product, maximizing productivity, and minimizing energy costs.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Heating market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pirobloc S.A. (Spain), American Heating Company, Inc. (United States), LAUDA (Germany), Chromalox (United States), Industrialheatingsystems (United States), VPS Trading Ltd (United Kingdom), Infineon Technologies (Germany), Powerblanket (United States), Aggreko (United Kingdom) and Tansun Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are HARGASSNER Ges mbH (Austria).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Heating market by Type (Duct Heaters, Circulation Heaters, Strip Heaters, Ring Heaters, Rope or Band Heaters and Other), Application (Chemical Industries, Petroleum, Water Treatment, Oil & Gas Industry, Nuclear Power Plants, HVAC Systems, Food and beverage industry and Other) and Region.
On the basis of geography, the market of Industrial Heating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fuel Source, the sub-segment i.e. Conventional Fuels (Coal will boost the Industrial Heating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement In Manufacturing Of High Maintenance Expenses and Rapid Adoption Of Advanced Technological Solutions, For Instance Demand-Based Heating Solutions And Smart Infrastructure
Market Growth Drivers:
Rising Demand For Steam Boiler From Various End-Use Industries and Growing Awareness About The Usage Of Heating Products Is Added Expected To Propel Market Growth
Challenges:
High Infrastructure Cost and Intense Competition Among Player
Restraints:
High Maintenance Expenses Associated With Industrial Heating Equipment
Opportunities:
Rapid Industrialization Across The Global Leads The Demand Of Industrial Heating and Increasing Electricity Demand Across Emerging Economies
Market Leaders and their expansionary development strategies
In June 2021, Enerquip LLC has acquired American Heating Co. Inc., a manufacturer of industrial hot oil heaters, tank heating coils and other industrial heating systems, as a wholly owned subsidiary.
In February 2024, Modine, a leader in innovative heating solutions in the HVAC industry, has announced the launch of the MEW, a new corrosion-resistant electric unit heater that is designed to be used in non-hazardous washdown and corrosive environments. This new unit provides a heating option for use in the farming and agriculture, food and beverage production, car wash, oil and gas, petrochemical and dairy industries.
Key Target Audience
Industrial Heating, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.