Industrial Heating Equipment Market By Product Type, By Fuel Type, By End-User Industry : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

Industrial heating equipment include a diverse range of machinery used for generating and controlling heat in various industrial processes, including chemical manufacturing, oil & gas refining, food & beverage production, power generation, and metal fabrication. The market caters to a spectrum of heating needs, offering equipment like industrial boilers that produce steam for heating applications, furnaces for high-temperature processes like metal melting, and heat pumps for more energy-efficient heating and cooling. Beyond the core equipment, the market includes essential components like control systems ensuring precise temperature regulation and safety features that meet industry standards. As the demand for efficient and sustainable industrial processes grows, the market witnesses advancements in technologies like electric and induction heating, offering cleaner and more controllable alternatives to traditional fuel-based systems. This dynamic market plays a crucial role in ensuring smooth operation of various industries and is continuously evolving to meet the increasing demand for energy efficiency, environmental considerations, and process optimization.

Industrial Heating Equipment Market - IMG1

For the purpose of analysis, the global industrial heating equipment market scope covers segmentation based on product type, fuel type, end-user industry, and region. The report provides information about various types of industrial heating equipment such as heat pumps, furnaces, and boilers. In addition, the study covers details about different fuels types, including fossil fuel and electric. Furthermore, oil & gas, metal & mining, chemical, and others are the key end-user industries detailed in the report. Moreover, it analyzes the current market trends of industrial heating equipment across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industrial heating equipment industry and role of each stakeholder.

The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

Competitive analysis and profiles of the major players such as 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 have been provided in the report.For instance, in November 2023, Johnson Controls received a $33 million grant from the U.S. Department of Energy's (DOE) Office of Manufacturing and Energy Supply Chains to help increase domestic production of electric heat pumps by expanding three U.S.-based manufacturing sites. The new plants produce an estimated 200,000 residential, commercial, and industrial heat pumps combined-a production increase of 200%.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial heating equipment market analysis from 2022 to 2032 to identify the prevailing industrial heating equipment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the industrial heating equipment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global industrial heating equipment market trends, key players, market segments, application areas, and market growth strategies.

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Supply Chain Analysis & Vendor Margins
New Product Development/ Product Matrix of Key Players
Additional company profiles with specific to client's interest

Key Market Segments

By End-User Industry

Oil and gas
Metal and mining
Chemical
Others

By Product Type

Heat pumps
Furnaces
Boilers

By Fuel Type

Fossil fuel
Electric

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

Key Market Players:

Danfoss A/S
Ingersoll Rand Inc.
Johnson Controls
EASCO BOILER CORP
Carrier
THERMCRAFT, INC. (AECO Corp.)
Uponor Corporation
Emerson Electric Co.
Lennox International Inc.
McKenna Boiler Works Inc.

Product Code: A08269

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
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 OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate to high bargaining power of suppliers
- 3.3.2. Moderate to high threat of new entrants
- 3.3.3. Low to moderate threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Rise in demand for steam boilers from various end-use industries
  - 3.4.1.2. Increase in investment toward adding power generation capacity
- 3.4.2. Restraints
  - 3.4.2.1. Implementation of stringent government regulations toward environmental pollution
- 3.4.3. Opportunities
  - 3.4.3.1. Increase in popularity of geothermal heat pump technology
3.5. Value Chain Analysis
3.6. Smiling Curve Value Chain Model

CHAPTER 4: INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE

4.1. Overview
- 4.1.1. Market size and forecast
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 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: INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE

5.1. Overview
- 5.1.1. Market size and forecast
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 share 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 share analysis by country

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

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Oil and gas
- 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. Metal and mining
- 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. Chemical
- 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. Others
- 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

CHAPTER 7: INDUSTRIAL HEATING EQUIPMENT MARKET, BY REGION

7.1. 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, by Fuel Type
- 7.2.4. Market size and forecast, by End-User Industry
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Product Type
  - 7.2.5.1.2. Market size and forecast, by Fuel Type
  - 7.2.5.1.3. Market size and forecast, by End-User Industry
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Product Type
  - 7.2.5.2.2. Market size and forecast, by Fuel Type
  - 7.2.5.2.3. Market size and forecast, by End-User Industry
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Product Type
  - 7.2.5.3.2. Market size and forecast, by Fuel Type
  - 7.2.5.3.3. 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, by Fuel Type
- 7.3.4. Market size and forecast, by End-User Industry
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Product Type
  - 7.3.5.1.2. Market size and forecast, by Fuel Type
  - 7.3.5.1.3. Market size and forecast, by End-User Industry
  - 7.3.5.2. UK
  - 7.3.5.2.1. Market size and forecast, by Product Type
  - 7.3.5.2.2. Market size and forecast, by Fuel Type
  - 7.3.5.2.3. Market size and forecast, by End-User Industry
  - 7.3.5.3. France
  - 7.3.5.3.1. Market size and forecast, by Product Type
  - 7.3.5.3.2. Market size and forecast, by Fuel Type
  - 7.3.5.3.3. Market size and forecast, by End-User Industry
  - 7.3.5.4. Spain
  - 7.3.5.4.1. Market size and forecast, by Product Type
  - 7.3.5.4.2. Market size and forecast, by Fuel Type
  - 7.3.5.4.3. Market size and forecast, by End-User Industry
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Market size and forecast, by Product Type
  - 7.3.5.5.2. Market size and forecast, by Fuel Type
  - 7.3.5.5.3. 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, by Fuel Type
- 7.4.4. Market size and forecast, by End-User Industry
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Product Type
  - 7.4.5.1.2. Market size and forecast, by Fuel Type
  - 7.4.5.1.3. Market size and forecast, by End-User Industry
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Market size and forecast, by Product Type
  - 7.4.5.2.2. Market size and forecast, by Fuel Type
  - 7.4.5.2.3. Market size and forecast, by End-User Industry
  - 7.4.5.3. South Korea
  - 7.4.5.3.1. Market size and forecast, by Product Type
  - 7.4.5.3.2. Market size and forecast, by Fuel Type
  - 7.4.5.3.3. Market size and forecast, by End-User Industry
  - 7.4.5.4. India
  - 7.4.5.4.1. Market size and forecast, by Product Type
  - 7.4.5.4.2. Market size and forecast, by Fuel Type
  - 7.4.5.4.3. Market size and forecast, by End-User Industry
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Market size and forecast, by Product Type
  - 7.4.5.5.2. Market size and forecast, by Fuel Type
  - 7.4.5.5.3. 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, by Fuel Type
- 7.5.4. Market size and forecast, by End-User Industry
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Market size and forecast, by Product Type
  - 7.5.5.1.2. Market size and forecast, by Fuel Type
  - 7.5.5.1.3. Market size and forecast, by End-User Industry
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Market size and forecast, by Product Type
  - 7.5.5.2.2. Market size and forecast, by Fuel Type
  - 7.5.5.2.3. Market size and forecast, by End-User Industry
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Market size and forecast, by Product Type
  - 7.5.5.3.2. Market size and forecast, by Fuel Type
  - 7.5.5.3.3. 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, 2022

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. Business performance
- 9.1.7. 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. Business performance
9.3. EASCO BOILER CORP
- 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
9.4. 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. 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. Business performance
- 9.5.7. Key strategic moves and developments
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. Business performance
- 9.6.7. Key strategic moves and developments
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. Business performance
- 9.7.7. Key strategic moves and developments
9.8. McKenna Boiler Works 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
9.9. THERMCRAFT, INC. (AECO Corp.)
- 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
9.10. 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. Business performance