Global Thermal Equipment Market Growth 2025-2031

The global Thermal Equipment market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Thermal equipment generally refers to various machinery and appliances required for heat transfer or heat conversion into mechanical power. Such as various heat engines, heat exchangers, etc.

United States market for Thermal Equipment is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Thermal Equipment is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Thermal Equipment is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Thermal Equipment players cover Applied Materials, Mattson Technology, Kokusai Electric, Ultratech（Veeco）, Centrotherm, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Thermal Equipment Industry Forecast” looks at past sales and reviews total world Thermal Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermal Equipment sales for 2025 through 2031. With Thermal Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermal Equipment industry.

This Insight Report provides a comprehensive analysis of the global Thermal 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 Thermal Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Thermal Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermal 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 Thermal Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermal Equipment market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Direct Heating Electric Heating
Air Source Heat Pump
Water Source Heat Pump
Natural Gas Heating
Others

Segmentation by Application:
Uptown
Commercial
Industrial

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 analysing the company's coverage, product portfolio, its market penetration.
Applied Materials
Mattson Technology
Kokusai Electric
Ultratech（Veeco）
Centrotherm
AnnealSys
JTEKT Thermo System
ECM
CVD Equipment Corporation
SemiTEq
GE
Siemens
HTC
Harbin Turbine Company Limited
MHPS
MAN Power Engineering
Fuji Electric
Elliott Group
Doosan
Ansaldo Energia
Kawasaki
Power Machines
Toshiba

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thermal Equipment market?

What factors are driving Thermal Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Thermal Equipment market opportunities vary by end market size?

How does Thermal Equipment break out by Type, by Application?

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