Global Industrial Process Heating System Equipment Market Growth (Status and Outlook) 2023-2029

Global Industrial Process Heating System Equipment Market Growth (Status and Outlook) 2023-2029

The global Industrial Process Heating System Equipment market size is projected to grow from US$ 35480 million in 2022 to US$ 51250 million in 2029; it is expected to grow at a CAGR of 5.4% from 2023 to 2029.

The key manufacturers of Industrial Process Heating System Equipment include Dongfang Boiler, Mitsubishi Power and Harbin Boiler, Andritz, Shanghai Boiler, Danieli, SMS, Babcock & Wilcox, Xizi Clean Energy (Hangzhou Boiler), etc. The top eight palyers each have a market share of more than 1%, accounting for about 15% of the market in total.

Asia-pacific is the world's largest market, accounting for about 50%. It is followed by Europe and North America with about 22% and 20%, respectively.

In terms of product, it can be divided into Fuel-based Heating, Electric-based Heating, Steam-based Heating, and others. Fuel-based Heating has the highest market share at about 41%. After that comes Steam-based Heating, at about 38%.

Industrial Process Heating System Equipment is widely used in power generation, metallurgy, chemical and petrochemical, general manufacturing and other industries. General manufacturing is the main downstream industry, accounting for about 39%.

Industrial process heat is thermal energy used to produce, treat, or alter manufactured goods. Process heat provides the energy necessary for creating almost everything we use every day, such as power, textiles, cement, steel, composites, plastics, and glass.

There are several primary types of heat used in industrial processing: fossil fuel, steam, electric, etc.

LPI (LP Information)' newest research report, the “Industrial Process Heating System Equipment Industry Forecast” looks at past sales and reviews total world Industrial Process Heating System Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Process Heating System Equipment sales for 2023 through 2029. With Industrial Process Heating System Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Process Heating System Equipment industry.

This Insight Report provides a comprehensive analysis of the global Industrial Process Heating System Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Process Heating System Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Process Heating System Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Process Heating System Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Process Heating System Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Process Heating System Equipment market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Fuel-based Heating
Electric-based Heating
Steam-based Heating
Others

Segmentation by application
Power Generation
Metallurgy
Chemical and Petrochemical
General Manufacturing
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Dongfang Boiler
Mitsubishi Power
Harbin Boiler
Andritz
Shanghai Boiler
Danieli
SMS
Babcock & Wilcox
Xizi Clean Energy (Hangzhou Boiler)
Tenova
Sumitomo Heavy Industries (SHI)
Jinan Boiler
ALD
Huaguang Boiler
Sichuan Chuanguo Boiler
Aichelin Group
Inductotherm Corp
Weiss Technik
Ipsen
Jiangsu Yanxin
Chromalox

Please note: The report will take approximately 2 business days to prepare and deliver.