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2021
Industrial Heating Equipment Market

Industrial Heating Equipment Market by Product Type (Heat Pumps, Furnaces and Boilers), Fuel Type (Fossil Fuel and Electric) and End-user Industry (Oil & Gas, Metal & Mining, Chemical and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A08269
Pages: 120
Aug 2021 | 854 Views
   
Author(s) : Digvijay Pawar
Tables: 90
Charts: 75
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The industrial heating equipment market was valued at $36,861.7 million in 2020, and is expected to reach $64,134.8 million by 2030, registering a CAGR of 5.8% from 2021 to 2030. Industrial heating equipment include systems such as boilers, heat pumps and furnaces used in industries such as chemical, oil & gas, metal, mining and others to carry out manufacturing processes. Boiler is a closed vessel in which water or other liquid is heated and steam is generated, which then acts as a driving force for machines when disposed under high pressure. In addition, heat pump is a device used to warm or cool the spaces by transferring the heat. Moreover, furnaces are devices used as a major component of a central heating system.

The COVID-19 pandemic had a negative impact during the first and second quarter of 2020. However, the market started recovering thereafter in the third and fourth quarter.

The industrial heating equipment market is majorly driven by rise in demand for steam boilers from various end-use industries. Increase in continuous and stable energy demands from industries in developing economies, such as China, India, Japan, and Brazil, boosts the growth of the steam boiler, which in turn drives the industrial heating equipment market. Also, increase in oil & gas exploration and production activities and rise in expansion projects coupled with other construction activities in developing and developed economies propels the demand for steam boilers, which, in turn, drives the growth of the market in the coming years. In addition, increase in investment toward adding power generation capacity is driving the industrial heating equipment market. The industrial heating equipment market in regions, such as Asia-Pacific, the Middle East, Latin America, and Europe, exhibits potential growth opportunities due to rise in investment toward building and construction of new power generation infrastructure in the region.

Industrial-Heating-Equipment-Market

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However, implementation of stringent government regulations toward environmental pollution acts as restraint to the industrial heating equipment market growth. Alarming rise in air pollution caused due to use of fossil fuels for operating the heating equipment acts as a major restraint in the global market. Furthermore, during the COVID-19 outbreak, mining, manufacturing, and oil & gas industries were majorly affected.

Construction activities were also stopped or restricted to a huge extent. Manufacturing and transportation activities along with their supply chains were hampered on a global level. This directly hampered the industrial heating equipment market growth. However, the market gained stability in third and fourth quarter of 2020. Moreover, gradually all industries are resuming their regular manufacturing and services. This is further expected to lead to re-initiation of industrial heating equipment companies at their full-scale capacities, which is expected to help the market to start to recover by mid of 2021.

Industrial Heating Equipment Market
By Product Type

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Heat pumps segment is projected to grow at a significant 7.2% CAGR

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On the contrary, increase in popularity of geothermal heat pump technology has led to adoption of these heat pumps in manufacturing processes and will be a major opportunity for industrial heating equipment market during the forecast period.

The industrial heating equipment market is segmented on the basis of product type, fuel type, end-user industry and region. On the basis of product type, the market is divided into heat pumps, furnaces and boilers. On the basis of fuel type, the market is divided into fossil fuel and electric. Depending on end-user industry, it is classified into oil & gas, metal & mining, chemical and others. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Industrial Heating Equipment Market
By End-user Industry

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Others segment is expected to grow at a significant rate during the forecast period.

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By product type, in 2020, the boilers segment dominated the industrial heating equipment market, in terms of revenue, and heat pumps segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of fuel type, the fossil fuel segment led the market in 2020, in terms of revenue, and electric segment is anticipated to register highest CAGR during the forecast period. On the basis of end-user industry, the others segment led the market in 2020, in terms of revenue, and is anticipated to register highest CAGR during the forecast period. By region, the Asia-Pacific region led the market in 2020, in terms of revenue, and LAMEA region is anticipated to register the highest CAGR during the forecast period.

Competition analysis

The major players profiled in the industrial heating equipment market include Carrier, Easco Boiler Corp., Emerson Electric Co., Ingersoll Rand Inc., Johnson Controls, Inc., Lennox International Inc., McKenna Boiler Works Inc., The Danfoss Group, Thermcraft, Inc. and Uponor Corporation. Major companies in the market have adopted strategies such as product launch, acquisition and partnership, to offer better products and services to customers in the industrial heating equipment market. 

Industrial Heating Equipment Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a highest rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging industrial heating equipment market trends and dynamics. 
  • In-depth industrial heating equipment market analysis is conducted by estimations for the key segments between 2021 and 2030. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
  • The market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.

Key Market Segments

By Product Type

  • Heat pumps
  • Furnaces
  • Boilers

By Fuel Type 

  • Fossil fuel
  • Electric

By End-user Industry 

  • Oil & gas
  • Metal & mining
  • Chemical
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Research methodology

1.2.1.Primary research
1.2.2.Secondary research
1.2.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets
3.2.2.Top impacting factors

3.3.Key forces shaping industrial heating equipment industry
3.4.Value chain analysis
3.5.Smiling Curve Value Chain Model
3.6.Market dynamics

3.6.1.Drivers

3.6.1.1.Rise in demand for steam boilers from various end-use industries
3.6.1.2.Increase in investment toward adding power generation capacity

3.6.2.Restraints

3.6.2.1.Implementation of stringent government regulations toward environmental pollution

3.6.3.Opportunity

3.6.3.1.Increase in popularity of geothermal heat pump technology

3.7.COVID-19 impact analysis

CHAPTER 4:INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE

4.1.Market overview

4.1.1.Market size and forecast, by product type

4.2.Heat pumps

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Furnaces

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
4.3.4.Market size and forecast, for furnaces, by types

4.4.Boilers

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

CHAPTER 5:INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE

5.1.Market overview

5.1.1.Market size and forecast, by fuel type

5.2.Fossil fuel

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Electric

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

CHAPTER 6:INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY

6.1.Market overview

6.1.1.Market size and forecast, by end-user industry

6.2.Oil & gas

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Metal & mining

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Chemical

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.Others

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

CHAPTER 7:INDUSTRIAL HEATING EQUIPMENT MARKET, BY REGION

7.1.Market overview

7.1.1.Market size and forecast, by region

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by product type
7.2.3.Market size and forecast, for furnace, by type
7.2.4.Market size and forecast, by fuel type
7.2.5.Market size and forecast, by end-user industry
7.2.6.Market size and forecast, by country

7.2.6.1.U.S.

7.2.6.1.1.Market size and forecast, by product type
7.2.6.1.2.Market size and forecast, by fuel type
7.2.6.1.3.Market size and forecast, by end-user industry

7.2.6.2.Canada

7.2.6.2.1.Market size and forecast, by product type
7.2.6.2.2.Market size and forecast, by fuel type
7.2.6.2.3.Market size and forecast, by end-user industry

7.2.6.3.Mexico

7.2.6.3.1.Market size and forecast, by product type
7.2.6.3.2.Market size and forecast, by fuel type
7.2.6.3.3.Market size and forecast, by end-user industry

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by product type
7.3.3.Market size and forecast, for furnace, by type
7.3.4.Market size and forecast, by fuel type
7.3.5.Market size and forecast, by end-user industry
7.3.6.Market size and forecast, by country

7.3.6.1.Germany

7.3.6.1.1.Market size and forecast, by product type
7.3.6.1.2.Market size and forecast, by fuel type
7.3.6.1.3.Market size and forecast, by end-user industry

7.3.6.2.UK

7.3.6.2.1.Market size and forecast, by product type
7.3.6.2.2.Market size and forecast, by fuel type
7.3.6.2.3.Market size and forecast, by end-user industry

7.3.6.3.France

7.3.6.3.1.Market size and forecast, by product type
7.3.6.3.2.Market size and forecast, by fuel type
7.3.6.3.3.Market size and forecast, by end-user industry

7.3.6.4.Spain

7.3.6.4.1.Market size and forecast, by product type
7.3.6.4.2.Market size and forecast, by fuel type
7.3.6.4.3.Market size and forecast, by end-user industry

7.3.6.5.Rest of Europe

7.3.6.5.1.Market size and forecast, by product type
7.3.6.5.2.Market size and forecast, by fuel type
7.3.6.5.3.Market size and forecast, by end-user industry

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by product type
7.4.3.Market size and forecast, for furnace, by type
7.4.4.Market size and forecast, by fuel type
7.4.5.Market size and forecast, by end-user industry
7.4.6.Market size and forecast, by country

7.4.6.1.China

7.4.6.1.1.Market size and forecast, by product type
7.4.6.1.2.Market size and forecast, by fuel type
7.4.6.1.3.Market size and forecast, by end-user industry

7.4.6.2.Japan

7.4.6.2.1.Market size and forecast, by product type
7.4.6.2.2.Market size and forecast, by fuel type
7.4.6.2.3.Market size and forecast, by end-user industry

7.4.6.3.South Korea

7.4.6.3.1.Market size and forecast, by product type
7.4.6.3.2.Market size and forecast, by fuel type
7.4.6.3.3.Market size and forecast, by end-user industry

7.4.6.4.India

7.4.6.4.1.Market size and forecast, by product type
7.4.6.4.2.Market size and forecast, by fuel type
7.4.6.4.3.Market size and forecast, by end-user industry

7.4.6.5.Rest of Asia-Pacific

7.4.6.5.1.Market size and forecast, by product type
7.4.6.5.2.Market size and forecast, by fuel type
7.4.6.5.3.Market size and forecast, by end-user industry

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by product type
7.5.3.Market size and forecast, for furnace, by type
7.5.4.Market size and forecast, by fuel type
7.5.5.Market size and forecast, by end-user industry
7.5.6.Market size and forecast, by country

7.5.6.1.Latin America

7.5.6.1.1.Market size and forecast, by product type
7.5.6.1.2.Market size and forecast, by fuel type
7.5.6.1.3.Market size and forecast, by end-user industry

7.5.6.2.Middle East

7.5.6.2.1.Market size and forecast, by product type
7.5.6.2.2.Market size and forecast, by fuel type
7.5.6.2.3.Market size and forecast, by end-user industry

7.5.6.3.Africa

7.5.6.3.1.Market size and forecast, by product type
7.5.6.3.2.Market size and forecast, by fuel type
7.5.6.3.3.Market size and forecast, by end-user industry

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.Introduction

8.1.1.Market player positioning

8.2.Top winning strategies

8.2.1.Top winning strategies, by year
8.2.2.Top winning strategies, by development
8.2.3.Top winning strategies, by company

8.3.Key developments

8.3.1.Product launch
8.3.2.Acquisition
8.3.3.Partnership

8.4.COMPANY SNAPSHOT

CHAPTER 9:COMPANY PROFILES

9.1.Carrier

9.1.1.Company overview
9.1.2.Key executives
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.R&D Expenditure
9.1.7.Business performance
9.1.1.Key strategic moves and developments

9.2.DANFOSS A/S

9.2.1.Company overview
9.2.2.Key executives
9.2.3.Company snapshot
9.2.4.Operating business segments
9.2.5.Product portfolio
9.2.6.R&D Expenditure
9.2.7.Business performance
9.2.8.Key strategic moves and developments

9.3.Easco Boiler Corp.

9.3.1.Company overview
9.3.2.Key executives
9.3.3.Company snapshot
9.3.4.Product portfolio

9.4.EMERSON ELECTRIC CO.

9.4.1.Company overview
9.4.2.Key executives
9.4.3.Company snapshot
9.4.4.Operating business segments
9.4.5.Product portfolio
9.4.6.R&D Expenditure
9.4.7.Business performance

9.5.Ingersoll Rand Inc.

9.5.1.Company overview
9.5.2.Key executives
9.5.3.Company snapshot
9.5.4.Operating business segments
9.5.5.Product portfolio
9.5.6.R&D Expenditure
9.5.7.Business performance

9.6.JOHNSON CONTROLS

9.6.1.Company overview
9.6.2.Key executives
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.R&D Expenditure

9.6.7.Business performance

9.7.Lennox International Inc.

9.7.1.Company overview
9.7.2.Key executives
9.7.3.Company snapshot
9.7.4.Operating business segments
9.7.5.Product portfolio
9.7.6.R&D Expenditure
9.7.7.Business performance

9.8.McKenna Boiler Works Inc.

9.8.1.Company overview
9.8.2.Key executives
9.8.3.Company snapshot
9.8.4.Product portfolio

9.9.Thermcraft, Inc.

9.9.1.Company overview
9.9.2.Key executive
9.9.3.Company snapshot
9.9.4.Product portfolio

9.10.Uponor Corporation

9.10.1.Company overview
9.10.2.Key executives
9.10.3.Company snapshot
9.10.4.Operating business segments
9.10.5.Product portfolio
9.10.6.R&D Expenditure
9.10.7.Business performance

LIST OF TABLES

TABLE 01.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 02.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE FOR HEAT PUMPS, BY REGION, 2020-2030 ($MILLION)
TABLE 03.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE FOR FURNACES, BY REGION, 2020-2030 ($MILLION)
TABLE 04.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE FOR FURNACES, BY TYPES, 2020-2030 ($MILLION)
TABLE 05.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE FOR BOILERS, BY REGION, 2020-2030 ($MILLION)
TABLE 06.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 07.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE FOR FOSSIL FUEL, BY REGION, 2020-2030 ($MILLION)
TABLE 08.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE FOR ELECTRIC, BY REGION, 2020-2030 ($MILLION)
TABLE 09.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 10.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE FOR OIL & GAS, BY REGION, 2020-2030 ($MILLION)
TABLE 11.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE FOR METAL & MINING, BY REGION, 2020-2030 ($MILLION)
TABLE 12.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE FOR CHEMICAL, BY REGION, 2020-2030 ($MILLION)
TABLE 13.INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE FOR OTHERS, BY REGION, 2020-2030 ($MILLION)
TABLE 14.INDUSTRIAL HEATING EQUIPMENT MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 15.NORTH AMERICA INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 16.NORTH AMERICA INDUSTRIAL HEATING EQUIPMENT MARKET, FOR FURNACE, BY TYPE, 2020-2030 ($MILLION)
TABLE 17.NORTH AMERICA INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 18.NORTH AMERICA INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 19.NORTH AMERICA INDUSTRIAL HEATING EQUIPMENT MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 20.U.S. INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 21.U.S. INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 22.U.S. INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 23.CANADA INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 24.CANADA INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 25.CANADA INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 26.MEXICO INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 27.MEXICO INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 28.MEXICO INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 29.EUROPE INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 30.EUROPE INDUSTRIAL HEATING EQUIPMENT MARKET, FOR FURNACE, BY TYPE, 2020-2030 ($MILLION)
TABLE 31.EUROPE INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 32.EUROPE INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 33.EUROPE INDUSTRIAL HEATING EQUIPMENT MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 34.GERMANY INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 35.GERMANY INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 36.GERMANY INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 37.UK INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 38.UK INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 39.UK INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 40.FRANCE INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 41.FRANCE INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 42.FRANCE INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 43.SPAIN INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 44.SPAIN INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 45.SPAIN INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 46.REST OF EUROPE INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 47.REST OF EUROPE INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 48.REST OF EUROPE INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 49.ASIA-PACIFIC INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 50.ASIA-PACIFIC INDUSTRIAL HEATING EQUIPMENT MARKET, FOR FURNACE, BY TYPE, 2020-2030 ($MILLION)
TABLE 51.ASIA-PACIFIC INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 52.ASIA-PACIFIC INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 53.ASIA-PACIFIC INDUSTRIAL HEATING EQUIPMENT MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 54.CHINA INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 55.CHINA INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 56.CHINA INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 57.JAPAN INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 58.JAPAN INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 59.JAPAN INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 60.SOUTH KOREA INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 61.SOUTH KOREA INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 62.SOUTH KOREA INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 63.INDIA INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 64.INDIA INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 65.INDIA INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 66.REST OF ASIA-PACIFIC INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 67.REST OF ASIA-PACIFIC INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 68.REST OF ASIA-PACIFIC INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 69.LAMEA INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 70.LAMEA INDUSTRIAL HEATING EQUIPMENT MARKET, FOR FURNACE, BY TYPE, 2020-2030 ($MILLION)
TABLE 71.LAMEA INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 72.LAMEA INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 73.LAMEA INDUSTRIAL HEATING EQUIPMENT MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 74.LATIN AMERICA INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 75.LATIN AMERICA INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 76.LATIN AMERICA INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 77.MIDDLE EAST INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 78.MIDDLE EAST INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 79.MIDDLE EAST INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 80.AFRICA INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 81.AFRICA INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030 ($MILLION)
TABLE 82.AFRICA INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030 ($MILLION)
TABLE 83.KEY PRODUCT LAUNCH, (2019–2021)
TABLE 84.KEY ACQUISITION, (2019–2021)
TABLE 85.KEY PARTNERSHIP, (2019–2021)
TABLE 86.CARRIER: KEY EXECUTIVES
TABLE 87.CARRIER: COMPANY SNAPSHOT
TABLE 88.CARRIER: OPERATING SEGMENTS
TABLE 89.CARRIER: PRODUCT PORTFOLIO
TABLE 90.DANFOSS A/S: KEY EXECUTIVES
TABLE 91.DANFOSS A/S: COMPANY SNAPSHOT
TABLE 92.DANFOSS A/S: OPERATING SEGMENTS
TABLE 93.DANFOSS A/S: PRODUCT PORTFOLIO
TABLE 94.EASCO BOILER CORP.: KEY EXECUTIVES
TABLE 95.EASCO BOILER CORP.: COMPANY SNAPSHOT
TABLE 96.EASCO BOILER CORP.: PRODUCT PORTFOLIO
TABLE 97.EMERSON ELECTRIC CO.: KEY EXECUTIVES
TABLE 98.EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 99.EMERSON ELECTRIC CO.: OPERATING SEGMENTS
TABLE 100.EMERSON ELECTRIC CO.: PRODUCT PORTFOLIO
TABLE 101.INGERSOLL RAND INC.: KEY EXECUTIVES
TABLE 102.INGERSOLL RAND INC.: COMPANY SNAPSHOT
TABLE 103.INGERSOLL RAND INC.: OPERATING SEGMENTS
TABLE 104.INGERSOLL RAND INC.: PRODUCT PORTFOLIO
TABLE 105.JOHNSON CONTROLS: KEY EXECUTIVES
TABLE 106.JOHNSON CONTROLS: COMPANY SNAPSHOT
TABLE 107.JOHNSON CONTROLS: OPERATING SEGMENTS
TABLE 108.JOHNSON CONTROLS: PRODUCT PORTFOLIO
TABLE 109.LENNOX INTERNATIONAL INC.: KEY EXECUTIVES
TABLE 110.LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 111.LENNOX INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 112.LENNOX INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 113.MCKENNA BOILER WORKS INC.: KEY EXECUTIVES
TABLE 114.MCKENNA BOILER WORKS INC.: COMPANY SNAPSHOT
TABLE 115.MCKENNA BOILER WORKS INC.: PRODUCT PORTFOLIO
TABLE 116.THERMCRAFT, INC.: KEY EXECUTIVE
TABLE 117.THERMCRAFT, INC.: COMPANY SNAPSHOT
TABLE 118.THERMCRAFT, INC.: PRODUCT PORTFOLIO
TABLE 119.UPONOR CORPORATION: KEY EXECUTIVES
TABLE 120.UPONOR CORPORATION: COMPANY SNAPSHOT
TABLE 121.UPONOR CORPORATION: OPERATING SEGMENTS
TABLE 122.UPONOR CORPORATION: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.GLOBAL INDUSTRIAL HEATING EQUIPMENT MARKET SNAPSHOT, 2020–2030
FIGURE 03.INDUSTRIAL HEATING EQUIPMENT MARKET SNAPSHOT, BY COUNTRY, 2020–2030
FIGURE 04.GLOBAL INDUSTRIAL HEATING EQUIPMENT MARKET: KEY PLAYERS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP IMPACTING FACTORS
FIGURE 07.LOW-TO-MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 08.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 09.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 10.MODERATE BARGAINING POWER OF BUYERS
FIGURE 11.LOW INTENSITY OF RIVALRY
FIGURE 12.VALUE CHAIN ANALYSIS
FIGURE 13.SMILING CURVE VALUE CHAIN MODEL
FIGURE 14.MARKET DYNAMICS
FIGURE 15.INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE, 2020-2030
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL HEATING EQUIPMENT MARKET FOR HEAT PUMPS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL HEATING EQUIPMENT MARKET FOR FURNACES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL HEATING EQUIPMENT MARKET FOR BOILERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2020-2030
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL HEATING EQUIPMENT MARKET FOR FOSSIL FUEL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL HEATING EQUIPMENT MARKET FOR ELECTRIC, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2020-2030
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL HEATING EQUIPMENT MARKET FOR OIL & GAS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL HEATING EQUIPMENT MARKET FOR METAL & MINING, BY COUNTRY, 2020 & 2030 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL HEATING EQUIPMENT MARKET FOR CHEMICAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL HEATING EQUIPMENT MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 27.INDUSTRIAL HEATING EQUIPMENT MARKET, BY REGION, 2020-2030
FIGURE 28.U.S. INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 29.CANADA INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 30.MEXICO INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 31.GERMANY INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 32.UK INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 33.FRANCE INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 34.SPAIN INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 35.REST OF EUROPE INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 36.CHINA  INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 37.JAPAN INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 38.SOUTH KOREA INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 39.INDIA INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 40.REST OF ASIA-PACIFIC INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 41.LATIN AMERICA INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 42.MIDDLE EAST INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 43.AFRICA INDUSTRIAL HEATING EQUIPMENT MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 44.MARKET PLAYER POSITIONING
FIGURE 45.TOP WINNING STRATEGIES, BY YEAR, 2019–2021
FIGURE 46.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2019–2021 (%)
FIGURE 47.TOP WINNING STRATEGIES, BY COMPANY, 2019–2021
FIGURE 48.COMPANY SNAPSHOT
FIGURE 49.CARRIER: R&D EXPENDITURE, 2019–2020 ($MILLION)
FIGURE 50.CARRIER: REVENUE, 2019–2020 ($MILLION)
FIGURE 51.CARRIER: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 52.DANFOSS A/S: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 53.DANFOSS A/S: REVENUE, 2018–2020 ($MILLION)
FIGURE 54.DANFOSS A/S: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 55.DANFOSS A/S: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 56.EMERSON ELECTRIC CO.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 57.EMERSON ELECTRIC CO.: REVENUE, 2018–2020 ($MILLION)
FIGURE 58.EMERSON ELECTRIC CO.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 59.EMERSON ELECTRIC CO.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 60.INGERSOLL RAND INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 61.INGERSOLL RAND INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 62.INGERSOLL RAND INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 63.INGERSOLL RAND INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 64.JOHNSON CONTROLS: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 65.JOHNSON CONTROLS: REVENUE, 2018–2020 ($MILLION)
FIGURE 66.JOHNSON CONTROLS: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 67.JOHNSON CONTROLS: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 68.LENNOX INTERNATIONAL INC.: R&D EXPENDITURE, 2018–2020 ($MILLIONS)
FIGURE 69.LENNOX INTERNATIONAL INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 70.LENNOX INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 71.LENNOX INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 72.UPONOR CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLIONS)
FIGURE 73.UPONOR CORPORATION: NET SALES, 2018–2020 ($MILLION)
FIGURE 74.UPONOR CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 75.UPONOR CORPORATION: REVENUE SHARE BY REGION, 2020 (%)

 
 

The industrial heating equipment market is mainly driven by rise in demand for steam boilers from various end-use industries. Increase in oil & gas exploration and production activities and rise in expansion projects coupled with other construction activities in developing and developed economies propels the demand for steam boilers, which, in turn, drives the growth of the market in the coming years. In addition, increase in investment toward adding power generation capacity is another factor that drives the industrial heating equipment market. The industrial heating equipment market was valued at $36,861.7 million in 2020, and is expected to reach $64,134.8 million by 2030, registering a CAGR of 5.8% from 2021 to 2030.

However, implementation of stringent government regulations toward environmental pollution acts as restraint to the industrial heating equipment market growth. On the contrary, increase in popularity of geothermal heat pump technology has led to adoption of these heat pumps in manufacturing processes and will be a major opportunity for the industrial heating equipment market during the forecast period.

Major companies in the market have adopted strategies such as product launch, acquisition and partnership, to offer better products and services to customers in the industrial heating equipment market.

 

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A. The industrial heating equipment market was valued at $36,861.7 million in 2020, and is expected to reach $64,134.8 million by 2030, registering a CAGR of 5.8% from 2021 to 2030.

A. The forecast period considered for the global industrial heating equipment market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.

A. To get latest version of global industrial heating equipment market report can be obtained on demand from the website.

A. The base year considered in the global industrial heating equipment market report is 2020.

A. The top companies holding the market share in the global industrial heating equipment market report include Carrier, Easco Boiler Corp., Emerson Electric Co., Ingersoll Rand Inc., Johnson Controls, Inc., Lennox International Inc., McKenna Boiler Works Inc., The Danfoss Group, Thermcraft, Inc. and Uponor Corporation.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. By product type, the boilers segment dominated the global industrial heating equipment market, in terms of revenue and is expected to maintain this trend during the forecast period.

A. By fuel type, the fossil fuel segment is the highest share holder of global industrial heating equipment market.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The market value of the global industrial heating equipment market is $38,741.6 million in 2021.

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