Process Heating Equipment Market By Equipment Type (Heat pump, Furnaces, Boilers) , By Temperature Range (50 to 200 Degree Celsius, 201 to 500 Degree Celsius, 501 to 1, 500 Degree Celsius, Above 1, 500 Degree Celsius) By End-User Industry (Chemical, Food and beverage, Pharmaceutical, Plastic and rubber, Metal, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2032
The global process heating equipment market was valued at $84.3 billion in 2023, and is projected to reach $107.1 billion by 2032, growing at a CAGR of 2.7% from 2024 to 2032.
Process heating equipment refers to machinery and systems used to generate and apply heat in industrial and manufacturing processes. This equipment is essential for operations such as drying, curing, melting, and chemical processing. Common types include boilers, furnaces, kilns, heat exchangers, and ovens. These devices use various energy sources such as electricity, natural gas, oil, or steam to achieve the desired temperature and heat transfer. The efficiency, control, and safety of process heating equipment are crucial for optimizing production, reducing energy consumption, and ensuring consistent product quality in diverse industries such as metalworking, food processing, and chemical manufacturing.
The global process heating equipment market is experiencing robust growth due to several key factors. A primary driver is rise in demand for energy-efficient heating solutions within industrial processes. Industries are increasingly aiming to cut energy use and lessen their environmental footprint, leading to the adoption of advanced process heating technologies that enhance energy efficiency and lower emissions. Moreover, manufacturers are focusing on developing equipment that meets the heating requirements of various industrial applications and minimizes energy consumption. This shift is driven by rise in the cost of energy and stringent environmental regulations aimed at reducing carbon emissions. Technologies such as advanced heat recovery systems, high-efficiency burners, and improved insulation materials are becoming standard features.
However, adherence to these standards impedes the accessibility and affordability of specific equipment for most consumers, thus limiting the market's overall growth. Contrarily, integration of the Internet of Things (IoT) and Industry 4.0 principles offers lucrative opportunities in the process heating equipment market. IoT-enabled heating systems provide real-time monitoring, predictive maintenance, and advanced analytics, leading to improved operational efficiency and reduced downtime. These smart systems collect and analyze data on temperature, energy consumption, and equipment performance, allowing operators to make informed decisions and quickly address any issues. For instance, Siemens AG is recognized for its advancements in digitalization and automation technologies, key components of Industry 4.0 initiatives. Their products leverage IoT to enhance industrial processes, increase efficiency, and support predictive maintenance, all crucial in the sector of process heating equipment markets.
Segmentation Overview
The process heating equipment market is segmented into equipment type, temperature range, end-user industry, and region. Depending on equipment type, the market is divided into heat pump, furnaces, and boilers. As per temperature range, it is segregated into 50 to 200 degree Celsius, 201 to 500 degree Celsius, 501 to 1, 500 degree Celsius, and Above 1, 500 degree Celsius. According to end-user industry, the market is classified into chemicals, food and beverage, pharmaceuticals, plastic and rubber, metal, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By equipment type, the heat pump segment is anticipated to experience faster growth during the forecast period.
Depending on temperature range, the 501 to 1, 500-degree Celsius segment is expected to garner the highest market share throughout the projection period.
According to end-user industry, the metal segment is projected to dominate the process heating equipment market during the forecast period.
Region wise, Asia-Pacific to maintain its dominance by 2032.
Competitive Scenario
The major players operating in the process heating equipment market include Babcock Wanson International, Siemens AG, Armstrong International Inc., Mitsubishi Electric Corporation, Thermax Limited, Johnson Controls International PLC, Danfoss, Hurst Boiler & Welding Company, Inc., Carrier, and Chromalox. These players have adopted several strategies, including mergers & acquisitions, partnerships, collaborations, and product development & diversification, to maintain their position in the dynamic market.
Key Market Segments
By Equipment Type
Heat pump
Furnaces
Boilers
By Temperature Range
50 to 200 Degree Celsius
201 to 500 Degree Celsius
501 to 1,500 Degree Celsius
Above 1,500 Degree Celsius
By End-User Industry
Chemical
Food and beverage
Pharmaceutical
Plastic and rubber
Metal
Others
By Region
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Babcock Wanson International
Siemens AG
Armstrong International Inc.
Mitsubishi Electric Corporation
Thermax Limited
Johnson Controls International PLC
Danfoss
Hurst Boiler & Welding Company, Inc.
Carrier
Chromalox, Inc.
- CHAPTER 1: INTRODUCTION
- 1.1. Report Description
- 1.2. Key Market Segments
- 1.3. Key Benefits
- 1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO Perspective
- CHAPTER 3: MARKET LANDSCAPE
- 3.1. Market Definition and Scope
- 3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
- 3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
- 3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- CHAPTER 4: PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE
- 4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Equipment Type
- 4.2. Heat Pump
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share 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 Share Analysis, By Country
- 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 Share Analysis, By Country
- CHAPTER 5: PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE
- 5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Temperature Range
- 5.2. 50 To 200 Degree Celsius
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
- 5.3. 201 To 500 Degree Celsius
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
- 5.4. 501 To 1, 500 Degree Celsius
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
- 5.5. Above 1, 500 Degree Celsius
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country
- CHAPTER 6: PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY
- 6.1. Market Overview
- 6.1.1 Market Size and Forecast, By End-user Industry
- 6.2. Chemical
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
- 6.3. Food And Beverage
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
- 6.4. Pharmaceutical
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country
- 6.5. Plastic And Rubber
- 6.5.1. Key Market Trends, Growth Factors and Opportunities
- 6.5.2. Market Size and Forecast, By Region
- 6.5.3. Market Share Analysis, By Country
- 6.6. Metal
- 6.6.1. Key Market Trends, Growth Factors and Opportunities
- 6.6.2. Market Size and Forecast, By Region
- 6.6.3. Market Share Analysis, By Country
- 6.7. Others
- 6.7.1. Key Market Trends, Growth Factors and Opportunities
- 6.7.2. Market Size and Forecast, By Region
- 6.7.3. Market Share Analysis, By Country
- CHAPTER 7: PROCESS 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 and Opportunities
- 7.2.2. Market Size and Forecast, By Equipment Type
- 7.2.3. Market Size and Forecast, By Temperature Range
- 7.2.4. Market Size and Forecast, By End-user Industry
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Process Heating Equipment Market
- 7.2.6.1. Market Size and Forecast, By Equipment Type
- 7.2.6.2. Market Size and Forecast, By Temperature Range
- 7.2.6.3. Market Size and Forecast, By End-user Industry
- 7.2.7. Canada Process Heating Equipment Market
- 7.2.7.1. Market Size and Forecast, By Equipment Type
- 7.2.7.2. Market Size and Forecast, By Temperature Range
- 7.2.7.3. Market Size and Forecast, By End-user Industry
- 7.2.8. Mexico Process Heating Equipment Market
- 7.2.8.1. Market Size and Forecast, By Equipment Type
- 7.2.8.2. Market Size and Forecast, By Temperature Range
- 7.2.8.3. Market Size and Forecast, By End-user Industry
- 7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Equipment Type
- 7.3.3. Market Size and Forecast, By Temperature Range
- 7.3.4. Market Size and Forecast, By End-user Industry
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Process Heating Equipment Market
- 7.3.6.1. Market Size and Forecast, By Equipment Type
- 7.3.6.2. Market Size and Forecast, By Temperature Range
- 7.3.6.3. Market Size and Forecast, By End-user Industry
- 7.3.7. Germany Process Heating Equipment Market
- 7.3.7.1. Market Size and Forecast, By Equipment Type
- 7.3.7.2. Market Size and Forecast, By Temperature Range
- 7.3.7.3. Market Size and Forecast, By End-user Industry
- 7.3.8. Italy Process Heating Equipment Market
- 7.3.8.1. Market Size and Forecast, By Equipment Type
- 7.3.8.2. Market Size and Forecast, By Temperature Range
- 7.3.8.3. Market Size and Forecast, By End-user Industry
- 7.3.9. UK Process Heating Equipment Market
- 7.3.9.1. Market Size and Forecast, By Equipment Type
- 7.3.9.2. Market Size and Forecast, By Temperature Range
- 7.3.9.3. Market Size and Forecast, By End-user Industry
- 7.3.10. Rest Of Europe Process Heating Equipment Market
- 7.3.10.1. Market Size and Forecast, By Equipment Type
- 7.3.10.2. Market Size and Forecast, By Temperature Range
- 7.3.10.3. Market Size and Forecast, By End-user Industry
- 7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Equipment Type
- 7.4.3. Market Size and Forecast, By Temperature Range
- 7.4.4. Market Size and Forecast, By End-user Industry
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Process Heating Equipment Market
- 7.4.6.1. Market Size and Forecast, By Equipment Type
- 7.4.6.2. Market Size and Forecast, By Temperature Range
- 7.4.6.3. Market Size and Forecast, By End-user Industry
- 7.4.7. Japan Process Heating Equipment Market
- 7.4.7.1. Market Size and Forecast, By Equipment Type
- 7.4.7.2. Market Size and Forecast, By Temperature Range
- 7.4.7.3. Market Size and Forecast, By End-user Industry
- 7.4.8. India Process Heating Equipment Market
- 7.4.8.1. Market Size and Forecast, By Equipment Type
- 7.4.8.2. Market Size and Forecast, By Temperature Range
- 7.4.8.3. Market Size and Forecast, By End-user Industry
- 7.4.9. South Korea Process Heating Equipment Market
- 7.4.9.1. Market Size and Forecast, By Equipment Type
- 7.4.9.2. Market Size and Forecast, By Temperature Range
- 7.4.9.3. Market Size and Forecast, By End-user Industry
- 7.4.10. Rest of Asia-Pacific Process Heating Equipment Market
- 7.4.10.1. Market Size and Forecast, By Equipment Type
- 7.4.10.2. Market Size and Forecast, By Temperature Range
- 7.4.10.3. Market Size and Forecast, By End-user Industry
- 7.5. LAMEA
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Equipment Type
- 7.5.3. Market Size and Forecast, By Temperature Range
- 7.5.4. Market Size and Forecast, By End-user Industry
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Latin America Process Heating Equipment Market
- 7.5.6.1. Market Size and Forecast, By Equipment Type
- 7.5.6.2. Market Size and Forecast, By Temperature Range
- 7.5.6.3. Market Size and Forecast, By End-user Industry
- 7.5.7. Middle East Process Heating Equipment Market
- 7.5.7.1. Market Size and Forecast, By Equipment Type
- 7.5.7.2. Market Size and Forecast, By Temperature Range
- 7.5.7.3. Market Size and Forecast, By End-user Industry
- 7.5.8. Africa Process Heating Equipment Market
- 7.5.8.1. Market Size and Forecast, By Equipment Type
- 7.5.8.2. Market Size and Forecast, By Temperature Range
- 7.5.8.3. Market Size and Forecast, By End-user Industry
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top Winning Strategies
- 8.3. Product Mapping Of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top Player Positioning, 2023
- CHAPTER 9: COMPANY PROFILES
- 9.1. Babcock Wanson International
- 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. Business Performance
- 9.1.7. Key Strategic Moves and Developments
- 9.2. Siemens AG
- 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. Business Performance
- 9.2.7. Key Strategic Moves and Developments
- 9.3. Armstrong International Inc.
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
- 9.4. Mitsubishi Electric Corporation
- 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. Business Performance
- 9.4.7. Key Strategic Moves and Developments
- 9.5. Thermax Limited
- 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. Business Performance
- 9.5.7. Key Strategic Moves and Developments
- 9.6. Johnson Controls International PLC
- 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. Business Performance
- 9.6.7. Key Strategic Moves and Developments
- 9.7. Danfoss
- 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. Business Performance
- 9.7.7. Key Strategic Moves and Developments
- 9.8. Hurst Boiler And Welding Company, Inc.
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
- 9.9. Carrier
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
- 9.10. Chromalox, Inc.
- 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. Business Performance
- 9.10.7. Key Strategic Moves and Developments
- TABLE 1. GLOBAL PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 2. PROCESS HEATING EQUIPMENT MARKET FOR HEAT PUMP, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 3. PROCESS HEATING EQUIPMENT MARKET FOR FURNACES, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 4. PROCESS HEATING EQUIPMENT MARKET FOR BOILERS, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 5. GLOBAL PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 6. PROCESS HEATING EQUIPMENT MARKET FOR 50 TO 200 DEGREE CELSIUS, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 7. PROCESS HEATING EQUIPMENT MARKET FOR 201 TO 500 DEGREE CELSIUS, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 8. PROCESS HEATING EQUIPMENT MARKET FOR 501 TO 1, 500 DEGREE CELSIUS, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 9. PROCESS HEATING EQUIPMENT MARKET FOR ABOVE 1, 500 DEGREE CELSIUS, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 10. GLOBAL PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 11. PROCESS HEATING EQUIPMENT MARKET FOR CHEMICAL, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 12. PROCESS HEATING EQUIPMENT MARKET FOR FOOD AND BEVERAGE, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 13. PROCESS HEATING EQUIPMENT MARKET FOR PHARMACEUTICAL, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 14. PROCESS HEATING EQUIPMENT MARKET FOR PLASTIC AND RUBBER, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 15. PROCESS HEATING EQUIPMENT MARKET FOR METAL, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 16. PROCESS HEATING EQUIPMENT MARKET FOR OTHERS, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 17. PROCESS HEATING EQUIPMENT MARKET, BY REGION, 2024 - 2032 ($BILLION)
- TABLE 18. NORTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY COUNTRY, 2024 - 2032 ($BILLION)
- TABLE 19. NORTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 20. NORTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 21. NORTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 22. U.S. PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 23. U.S. PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 24. U.S. PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 25. CANADA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 26. CANADA PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 27. CANADA PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 28. MEXICO PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 29. MEXICO PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 30. MEXICO PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 31. EUROPE PROCESS HEATING EQUIPMENT MARKET, BY COUNTRY, 2024 - 2032 ($BILLION)
- TABLE 32. EUROPE PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 33. EUROPE PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 34. EUROPE PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 35. FRANCE PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 36. FRANCE PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 37. FRANCE PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 38. GERMANY PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 39. GERMANY PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 40. GERMANY PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 41. ITALY PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 42. ITALY PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 43. ITALY PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 44. UK PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 45. UK PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 46. UK PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 47. REST OF EUROPE PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 48. REST OF EUROPE PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 49. REST OF EUROPE PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 50. ASIA-PACIFIC PROCESS HEATING EQUIPMENT MARKET, BY COUNTRY, 2024 - 2032 ($BILLION)
- TABLE 51. ASIA-PACIFIC PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 52. ASIA-PACIFIC PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 53. ASIA-PACIFIC PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 54. CHINA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 55. CHINA PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 56. CHINA PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 57. JAPAN PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 58. JAPAN PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 59. JAPAN PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 60. INDIA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 61. INDIA PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 62. INDIA PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 63. SOUTH KOREA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 64. SOUTH KOREA PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 65. SOUTH KOREA PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 66. REST OF ASIA-PACIFIC PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 67. REST OF ASIA-PACIFIC PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 68. REST OF ASIA-PACIFIC PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 69. LAMEA PROCESS HEATING EQUIPMENT MARKET, BY COUNTRY, 2024 - 2032 ($BILLION)
- TABLE 70. LAMEA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 71. LAMEA PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 72. LAMEA PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 73. LATIN AMERICA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 74. LATIN AMERICA PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 75. LATIN AMERICA PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 76. MIDDLE EAST PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 77. MIDDLE EAST PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 78. MIDDLE EAST PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 79. AFRICA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024 - 2032 ($BILLION)
- TABLE 80. AFRICA PROCESS HEATING EQUIPMENT MARKET, BY TEMPERATURE RANGE, 2024 - 2032 ($BILLION)
- TABLE 81. AFRICA PROCESS HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY, 2024 - 2032 ($BILLION)
- TABLE 82. BABCOCK WANSON INTERNATIONAL: KEY EXECUTIVES
- TABLE 83. BABCOCK WANSON INTERNATIONAL: COMPANY SNAPSHOT
- TABLE 84. BABCOCK WANSON INTERNATIONAL: OPERATING SEGMENTS
- TABLE 85. BABCOCK WANSON INTERNATIONAL: PRODUCT PORTFOLIO
- TABLE 86. BABCOCK WANSON INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 87. SIEMENS AG: KEY EXECUTIVES
- TABLE 88. SIEMENS AG: COMPANY SNAPSHOT
- TABLE 89. SIEMENS AG: OPERATING SEGMENTS
- TABLE 90. SIEMENS AG: PRODUCT PORTFOLIO
- TABLE 91. SIEMENS AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 92. ARMSTRONG INTERNATIONAL INC.: KEY EXECUTIVES
- TABLE 93. ARMSTRONG INTERNATIONAL INC.: COMPANY SNAPSHOT
- TABLE 94. ARMSTRONG INTERNATIONAL INC.: OPERATING SEGMENTS
- TABLE 95. ARMSTRONG INTERNATIONAL INC.: PRODUCT PORTFOLIO
- TABLE 96. ARMSTRONG INTERNATIONAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 97. MITSUBISHI ELECTRIC CORPORATION: KEY EXECUTIVES
- TABLE 98. MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
- TABLE 99. MITSUBISHI ELECTRIC CORPORATION: OPERATING SEGMENTS
- TABLE 100. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
- TABLE 101. MITSUBISHI ELECTRIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 102. THERMAX LIMITED: KEY EXECUTIVES
- TABLE 103. THERMAX LIMITED: COMPANY SNAPSHOT
- TABLE 104. THERMAX LIMITED: OPERATING SEGMENTS
- TABLE 105. THERMAX LIMITED: PRODUCT PORTFOLIO
- TABLE 106. THERMAX LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 107. JOHNSON CONTROLS INTERNATIONAL PLC: KEY EXECUTIVES
- TABLE 108. JOHNSON CONTROLS INTERNATIONAL PLC: COMPANY SNAPSHOT
- TABLE 109. JOHNSON CONTROLS INTERNATIONAL PLC: OPERATING SEGMENTS
- TABLE 110. JOHNSON CONTROLS INTERNATIONAL PLC: PRODUCT PORTFOLIO
- TABLE 111. JOHNSON CONTROLS INTERNATIONAL PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 112. DANFOSS: KEY EXECUTIVES
- TABLE 113. DANFOSS: COMPANY SNAPSHOT
- TABLE 114. DANFOSS: OPERATING SEGMENTS
- TABLE 115. DANFOSS: PRODUCT PORTFOLIO
- TABLE 116. DANFOSS: KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 117. HURST BOILER AND WELDING COMPANY, INC.: KEY EXECUTIVES
- TABLE 118. HURST BOILER AND WELDING COMPANY, INC.: COMPANY SNAPSHOT
- TABLE 119. HURST BOILER AND WELDING COMPANY, INC.: OPERATING SEGMENTS
- TABLE 120. HURST BOILER AND WELDING COMPANY, INC.: PRODUCT PORTFOLIO
- TABLE 121. HURST BOILER AND WELDING COMPANY, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 122. CARRIER: KEY EXECUTIVES
- TABLE 123. CARRIER: COMPANY SNAPSHOT
- TABLE 124. CARRIER: OPERATING SEGMENTS
- TABLE 125. CARRIER: PRODUCT PORTFOLIO
- TABLE 126. CARRIER: KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 127. CHROMALOX, INC.: KEY EXECUTIVES
- TABLE 128. CHROMALOX, INC.: COMPANY SNAPSHOT
- TABLE 129. CHROMALOX, INC.: OPERATING SEGMENTS
- TABLE 130. CHROMALOX, INC.: PRODUCT PORTFOLIO
- TABLE 131. CHROMALOX, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
- FIGURE 1. GLOBAL PROCESS HEATING EQUIPMENT MARKET, 2024 - 2032
- FIGURE 2. SEGMENTATION OF PROCESS HEATING EQUIPMENT MARKET, 2024 - 2032
- FIGURE 3. TOP INVESTMENT POCKET IN PROCESS HEATING EQUIPMENT MARKET
- FIGURE 4. MODERATE BARGAINING POWER OF BUYERS
- FIGURE 5. MODERATE BARGAINING POWER OF SUPPLIERS
- FIGURE 6. MODERATE THREAT OF NEW ENTRANTS
- FIGURE 7. LOW THREAT OF SUBSTITUTION
- FIGURE 8. HIGH COMPETITIVE RIVALRY
- FIGURE 9. OPPORTUNITIES, RESTRAINTS AND DRIVERS: GLOBALPROCESS HEATING EQUIPMENT MARKET
- FIGURE 10. GLOBAL PROCESS HEATING EQUIPMENT MARKET SEGMENTATION, BY EQUIPMENT TYPE
- FIGURE 11. PROCESS HEATING EQUIPMENT MARKET FOR HEAT PUMP, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 12. PROCESS HEATING EQUIPMENT MARKET FOR FURNACES, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 13. PROCESS HEATING EQUIPMENT MARKET FOR BOILERS, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 14. GLOBAL PROCESS HEATING EQUIPMENT MARKET SEGMENTATION, BY TEMPERATURE RANGE
- FIGURE 15. PROCESS HEATING EQUIPMENT MARKET FOR 50 TO 200 DEGREE CELSIUS, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 16. PROCESS HEATING EQUIPMENT MARKET FOR 201 TO 500 DEGREE CELSIUS, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 17. PROCESS HEATING EQUIPMENT MARKET FOR 501 TO 1, 500 DEGREE CELSIUS, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 18. PROCESS HEATING EQUIPMENT MARKET FOR ABOVE 1, 500 DEGREE CELSIUS, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 19. GLOBAL PROCESS HEATING EQUIPMENT MARKET SEGMENTATION, BY END-USER INDUSTRY
- FIGURE 20. PROCESS HEATING EQUIPMENT MARKET FOR CHEMICAL, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 21. PROCESS HEATING EQUIPMENT MARKET FOR FOOD AND BEVERAGE, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 22. PROCESS HEATING EQUIPMENT MARKET FOR PHARMACEUTICAL, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 23. PROCESS HEATING EQUIPMENT MARKET FOR PLASTIC AND RUBBER, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 24. PROCESS HEATING EQUIPMENT MARKET FOR METAL, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 25. PROCESS HEATING EQUIPMENT MARKET FOR OTHERS, BY COUNTRY, 2024 - 2032 ($BILLION)
- FIGURE 26. TOP WINNING STRATEGIES, BY YEAR, 2021-2023*
- FIGURE 27. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2021-2023*
- FIGURE 28. TOP WINNING STRATEGIES, BY COMPANY, 2021-2023*
- FIGURE 29. PRODUCT MAPPING OF TOP 10 PLAYERS
- FIGURE 30. COMPETITIVE DASHBOARD
- FIGURE 31. COMPETITIVE HEATMAP: PROCESS HEATING EQUIPMENT MARKET
- FIGURE 32. TOP PLAYER POSITIONING, 2023
- FIGURE 33. BABCOCK WANSON INTERNATIONAL: NET SALES, 2021-2023 ($BILLION)
- FIGURE 34. BABCOCK WANSON INTERNATIONAL: REVENUE SHARE, BY SEGMENT, 2023 (%)
- FIGURE 35. BABCOCK WANSON INTERNATIONAL: REVENUE SHARE, BY REGION, 2023 (%)
- FIGURE 36. SIEMENS AG: NET SALES, 2021-2023 ($BILLION)
- FIGURE 37. SIEMENS AG: REVENUE SHARE, BY SEGMENT, 2023 (%)
- FIGURE 38. SIEMENS AG: REVENUE SHARE, BY REGION, 2023 (%)
- FIGURE 39. ARMSTRONG INTERNATIONAL INC.: NET SALES, 2021-2023 ($BILLION)
- FIGURE 40. ARMSTRONG INTERNATIONAL INC.: REVENUE SHARE, BY SEGMENT, 2023 (%)
- FIGURE 41. ARMSTRONG INTERNATIONAL INC.: REVENUE SHARE, BY REGION, 2023 (%)
- FIGURE 42. MITSUBISHI ELECTRIC CORPORATION: NET SALES, 2021-2023 ($BILLION)
- FIGURE 43. MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE, BY SEGMENT, 2023 (%)
- FIGURE 44. MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE, BY REGION, 2023 (%)
- FIGURE 45. THERMAX LIMITED: NET SALES, 2021-2023 ($BILLION)
- FIGURE 46. THERMAX LIMITED: REVENUE SHARE, BY SEGMENT, 2023 (%)
- FIGURE 47. THERMAX LIMITED: REVENUE SHARE, BY REGION, 2023 (%)
- FIGURE 48. JOHNSON CONTROLS INTERNATIONAL PLC: NET SALES, 2021-2023 ($BILLION)
- FIGURE 49. JOHNSON CONTROLS INTERNATIONAL PLC: REVENUE SHARE, BY SEGMENT, 2023 (%)
- FIGURE 50. JOHNSON CONTROLS INTERNATIONAL PLC: REVENUE SHARE, BY REGION, 2023 (%)
- FIGURE 51. DANFOSS: NET SALES, 2021-2023 ($BILLION)
- FIGURE 52. DANFOSS: REVENUE SHARE, BY SEGMENT, 2023 (%)
- FIGURE 53. DANFOSS: REVENUE SHARE, BY REGION, 2023 (%)
- FIGURE 54. HURST BOILER AND WELDING COMPANY, INC.: NET SALES, 2021-2023 ($BILLION)
- FIGURE 55. HURST BOILER AND WELDING COMPANY, INC.: REVENUE SHARE, BY SEGMENT, 2023 (%)
- FIGURE 56. HURST BOILER AND WELDING COMPANY, INC.: REVENUE SHARE, BY REGION, 2023 (%)
- FIGURE 57. CARRIER: NET SALES, 2021-2023 ($BILLION)
- FIGURE 58. CARRIER: REVENUE SHARE, BY SEGMENT, 2023 (%)
- FIGURE 59. CARRIER: REVENUE SHARE, BY REGION, 2023 (%)
- FIGURE 60. CHROMALOX, INC.: NET SALES, 2021-2023 ($BILLION)
- FIGURE 61. CHROMALOX, INC.: REVENUE SHARE, BY SEGMENT, 2023 (%)
- FIGURE 62. CHROMALOX, INC.: REVENUE SHARE, BY REGION, 2023 (%)
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