Market Overview:
The global industrial heating system equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for industrial heating systems in various applications such as medical, oil, and steel industries. In addition, the growing demand for energy-efficient and environment-friendly heating systems is also contributing to the growth of this market. Based on type, the global industrial heating system equipment market can be segmented into fuel heating, electric heating, and steam heating. Fuel-based systems are expected to dominate this market during the forecast period owing to their high efficiency and low operating costs as compared to other types of systems. Electric heaters are gaining popularity due their easy installation and low maintenance costs; however, they are less efficient than fuel or steam heaters.
Product Definition:
An industrial heating system is a type of thermal system that is used to heat an area or object. The most common type of industrial heating system uses a furnace to heat air, which is then circulated through the area or object that needs to be heated. Industrial heating systems are important because they allow companies to keep their facilities warm and comfortable in cold weather, which can improve worker productivity.
Fuel Heating:
Fuel heating is a process of converting fuel into heat and energy. It is used in industrial heating system equipment to provide thermal insulation, remove moisture from the air, and raise steam for driving turbines or motors. Fuels can be natural gas, liquid petroleum gas (LPG), wood pellets or coal.
Electric Heating:
Electric heating is the process of generating heat using electricity. It is one of the most energy-efficient and cost-effective ways to generate heat. The electric heating system can be used in various industrial applications such as foundry, glasshouse, kiln, metal processing industries and others.
The global electric heating.
Application Insights:
The demand for the global industrial heating system equipment was dominated by the application in the oil & gas industry at a revenue share of over 40% in 2017. The medical industrial segment is expected to witness significant growth owing to increasing product adoption across healthcare facilities, pharmaceutical industries and clinical research centers.
The steel industry is one of the major consumers of these systems as they provide effective heat treatment for steel products. In addition, these systems are used extensively across rolling mills and cold-forming operations where heavy metal parts are required to be heated or cooled rapidly without affecting their structural integrity. These factors are projected to drive demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global industry with a revenue share of over 35% in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing industrialization and rising living standards. China and India are among the largest markets for industrial heating systems across this region.
The Middle East & Africa market is anticipated to grow at a significant rate during the forecast period, owing to rapid development in countries such as Saudi Arabia and Qatar. In addition, oil rich nations such as UAE have been investing heavily in energy-efficient technologies for reducing their energy consumption rates; which has led them towards adopting various types of heating equipment for large scale commercial buildings and industrial applications including steam heaters, hot water boilers etc., thus propelling regional growth during the forecast period from 2018 to 2030 (forecast).
North America accounted for more than 20% share of global revenue in 2017 due primarily high investment levels witnessed by U.S.
Growth Factors:
- Increasing demand from the end-user industries for heating system equipment
- Growing awareness about energy efficiency and its benefits among industrialists
- Technological advancements in heating system equipment that offer better performance and efficiency
- Rising prices of traditional fuels such as natural gas, oil, and coal, which is prompting industrialists to look for alternate sources of energy like electricity
- Stringent government regulations mandating the use of energy-efficient heating systems in industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Heating System Equipment Market Research Report
By Type
Fuel Heating, Electric Heating, Steam Heating
By Application
Medical Industrial, Oil, Steel
By Companies
Kanthal, Lauda, Chromalox, Durex Industries, Dungs, Siemens, Weiss Technik, Vulcanic, Pirobloc, Jiangyin Rongfu Machinery Tech, Jinan Dongyu Thermal Energy Equipment Co Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Heating System Equipment Market Report Segments:
The global Industrial Heating System Equipment market is segmented on the basis of:
Types
Fuel Heating, Electric Heating, Steam Heating
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Industrial, Oil, Steel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kanthal
- Lauda
- Chromalox
- Durex Industries
- Dungs
- Siemens
- Weiss Technik
- Vulcanic
- Pirobloc
- Jiangyin Rongfu Machinery Tech
- Jinan Dongyu Thermal Energy Equipment Co Ltd
Highlights of The Industrial Heating System Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fuel Heating
- Electric Heating
- Steam Heating
- By Application:
- Medical Industrial
- Oil
- Steel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Heating System Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial heating system equipment is used to heat and cool large industrial spaces. It can include boilers, furnaces, air conditioners, and other systems.
Some of the major companies in the industrial heating system equipment market are Kanthal, Lauda, Chromalox, Durex Industries, Dungs, Siemens, Weiss Technik, Vulcanic, Pirobloc, Jiangyin Rongfu Machinery Tech, Jinan Dongyu Thermal Energy Equipment Co Ltd.
The industrial heating system equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Heating System Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Heating System Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Heating System Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Heating System Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Heating System Equipment Market Size & Forecast, 2018-2028
4.5.1 Industrial Heating System Equipment Market Size and Y-o-Y Growth
4.5.2 Industrial Heating System Equipment Market Absolute $ Opportunity
Chapter 5 Global Industrial Heating System Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Heating System Equipment Market Size Forecast by Type
5.2.1 Fuel Heating
5.2.2 Electric Heating
5.2.3 Steam Heating
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Heating System Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Heating System Equipment Market Size Forecast by Applications
6.2.1 Medical Industrial
6.2.2 Oil
6.2.3 Steel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Heating System Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Heating System Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Heating System Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Heating System Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Heating System Equipment Market Size Forecast by Type
9.6.1 Fuel Heating
9.6.2 Electric Heating
9.6.3 Steam Heating
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Heating System Equipment Market Size Forecast by Applications
9.10.1 Medical Industrial
9.10.2 Oil
9.10.3 Steel
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Heating System Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Heating System Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Heating System Equipment Market Size Forecast by Type
10.6.1 Fuel Heating
10.6.2 Electric Heating
10.6.3 Steam Heating
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Heating System Equipment Market Size Forecast by Applications
10.10.1 Medical Industrial
10.10.2 Oil
10.10.3 Steel
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Heating System Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Heating System Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Heating System Equipment Market Size Forecast by Type
11.6.1 Fuel Heating
11.6.2 Electric Heating
11.6.3 Steam Heating
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Heating System Equipment Market Size Forecast by Applications
11.10.1 Medical Industrial
11.10.2 Oil
11.10.3 Steel
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Heating System Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Heating System Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Heating System Equipment Market Size Forecast by Type
12.6.1 Fuel Heating
12.6.2 Electric Heating
12.6.3 Steam Heating
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Heating System Equipment Market Size Forecast by Applications
12.10.1 Medical Industrial
12.10.2 Oil
12.10.3 Steel
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Heating System Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Heating System Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Heating System Equipment Market Size Forecast by Type
13.6.1 Fuel Heating
13.6.2 Electric Heating
13.6.3 Steam Heating
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Heating System Equipment Market Size Forecast by Applications
13.10.1 Medical Industrial
13.10.2 Oil
13.10.3 Steel
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Heating System Equipment Market: Competitive Dashboard
14.2 Global Industrial Heating System Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kanthal
14.3.2 Lauda
14.3.3 Chromalox
14.3.4 Durex Industries
14.3.5 Dungs
14.3.6 Siemens
14.3.7 Weiss Technik
14.3.8 Vulcanic
14.3.9 Pirobloc
14.3.10 Jiangyin Rongfu Machinery Tech
14.3.11 Jinan Dongyu Thermal Energy Equipment Co Ltd
