Product Code: A08269
The industrial heating equipment market was valued at $36,861.7 million in 2020, and is expected to reach $64,134.8 million by 2030, registering a CAGR of 5.8% from 2021 to 2030. Heating equipment such as boilers, furnaces and heat pumps, used in industries for generating heat to carry out manufacturing operations are included in the industrial heating equipment market. The heating equipment use diesel, gas, coal, electricity and other fuel as their energy source. These equipment are used in industries such as chemical, oil & gas, metal, mining and others, to carry out manufacturing processes. Increase in investment toward adding power generation capacity is driving the industrial heating equipment market. In addition, rise in demand for steam boilers from various end-use industries is another factor that drives the industrial heating equipment market. The industrial heating equipment exhibits potential growth opportunities globally, due to rise in investment toward industrialization and urbanization, which has led to requirement of new power generation infrastructures. However, implementation of stringent government regulations toward environmental pollution that are byproducts of combusted fossil fuels such as coal and diesel, acts as a restraint to the industrial heating equipment market growth. On the contrary, increase in popularity of geothermal heat pump technology has led to adoption of these heat pumps in manufacturing processes. These are also environment friendly heat pumps and will be a major opportunity for the industrial heating equipment market during the forecast period.
The industrial heating equipment market is segmented on the basis of product type, fuel type, end-user industry and region. On the basis of product type, the market is divided into heat pumps, furnaces and boilers. On the basis of fuel type, the market is divided into fossil fuel and electric. Depending on end-user industry, it is classified into oil & gas, metal & mining, chemical and others. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition analysis
The major players profiled in the industrial heating equipment market include 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. Major companies in the market have adopted strategies such as product launch, acquisition and partnership, to offer better products and services to customers in the industrial heating equipment market.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging industrial heating equipment market trends and dynamics.
- In-depth industrial heating equipment market analysis is conducted by estimations for the key segments between 2021 and 2030.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
- The market forecast analysis from 2021 to 2030 is included in the report.
- The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.
KEY MARKET SEGMENTS
By Product Type
- Heat pumps
- Furnaces
- Boilers
By Fuel Type
By End-user Industry
- Oil & gas
- Metal & mining
- Chemical
- Others
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 Players
- 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.
- Uponor Corporation
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Research methodology
- 1.2.1.Primary research
- 1.2.2.Secondary research
- 1.2.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.2.2.Top impacting factors
- 3.3.Key forces shaping industrial heating equipment industry
- 3.4.Value chain analysis
- 3.5.Smiling Curve Value Chain Model
- 3.6.Market dynamics
- 3.6.1.Drivers
- 3.6.1.1.Rise in demand for steam boilers from various end-use industries
- 3.6.1.2.Increase in investment toward adding power generation capacity
- 3.6.2.Restraints
- 3.6.2.1.Implementation of stringent government regulations toward environmental pollution
- 3.6.3.Opportunity
- 3.6.3.1.Increase in popularity of geothermal heat pump technology
- 3.7.COVID-19 impact analysis
CHAPTER 4:INDUSTRIAL HEATING EQUIPMENT MARKET, BY PRODUCT TYPE
- 4.1.Market overview
- 4.1.1.Market size and forecast, by product type
- 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 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 analysis, by country
- 4.3.4.Market size and forecast, for furnaces, by types
- 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 analysis, by country
CHAPTER 5:INDUSTRIAL HEATING EQUIPMENT MARKET, BY FUEL TYPE
- 5.1.Market overview
- 5.1.1.Market size and forecast, by fuel type
- 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 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 analysis, by country
CHAPTER 6:INDUSTRIAL HEATING EQUIPMENT MARKET, BY END-USER INDUSTRY
- 6.1.Market overview
- 6.1.1.Market size and forecast, by end-user industry
- 6.2.Oil & gas
- 6.2.1.Key market trends, growth factors, and opportunities
- 6.2.2.Market size and forecast, by region
- 6.2.3.Market analysis, by country
- 6.3.Metal & mining
- 6.3.1.Key market trends, growth factors, and opportunities
- 6.3.2.Market size and forecast, by region
- 6.3.3.Market 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 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 analysis, by country
CHAPTER 7:INDUSTRIAL 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, growth factors, and opportunities
- 7.2.2.Market size and forecast, by product type
- 7.2.3.Market size and forecast, for furnace, by type
- 7.2.4.Market size and forecast, by fuel type
- 7.2.5.Market size and forecast, by end-user industry
- 7.2.6.Market size and forecast, by country
- 7.2.6.1.U.S.
- 7.2.6.1.1.Market size and forecast, by product type
- 7.2.6.1.2.Market size and forecast, by fuel type
- 7.2.6.1.3.Market size and forecast, by end-user industry
- 7.2.6.2.Canada
- 7.2.6.2.1.Market size and forecast, by product type
- 7.2.6.2.2.Market size and forecast, by fuel type
- 7.2.6.2.3.Market size and forecast, by end-user industry
- 7.2.6.3.Mexico
- 7.2.6.3.1.Market size and forecast, by product type
- 7.2.6.3.2.Market size and forecast, by fuel type
- 7.2.6.3.3.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, for furnace, by type
- 7.3.4.Market size and forecast, by fuel type
- 7.3.5.Market size and forecast, by end-user industry
- 7.3.6.Market size and forecast, by country
- 7.3.6.1.Germany
- 7.3.6.1.1.Market size and forecast, by product type
- 7.3.6.1.2.Market size and forecast, by fuel type
- 7.3.6.1.3.Market size and forecast, by end-user industry
- 7.3.6.2.UK
- 7.3.6.2.1.Market size and forecast, by product type
- 7.3.6.2.2.Market size and forecast, by fuel type
- 7.3.6.2.3.Market size and forecast, by end-user industry
- 7.3.6.3.France
- 7.3.6.3.1.Market size and forecast, by product type
- 7.3.6.3.2.Market size and forecast, by fuel type
- 7.3.6.3.3.Market size and forecast, by end-user industry
- 7.3.6.4.Spain
- 7.3.6.4.1.Market size and forecast, by product type
- 7.3.6.4.2.Market size and forecast, by fuel type
- 7.3.6.4.3.Market size and forecast, by end-user industry
- 7.3.6.5.Rest of Europe
- 7.3.6.5.1.Market size and forecast, by product type
- 7.3.6.5.2.Market size and forecast, by fuel type
- 7.3.6.5.3.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, for furnace, by type
- 7.4.4.Market size and forecast, by fuel type
- 7.4.5.Market size and forecast, by end-user industry
- 7.4.6.Market size and forecast, by country
- 7.4.6.1.China
- 7.4.6.1.1.Market size and forecast, by product type
- 7.4.6.1.2.Market size and forecast, by fuel type
- 7.4.6.1.3.Market size and forecast, by end-user industry
- 7.4.6.2.Japan
- 7.4.6.2.1.Market size and forecast, by product type
- 7.4.6.2.2.Market size and forecast, by fuel type
- 7.4.6.2.3.Market size and forecast, by end-user industry
- 7.4.6.3.South Korea
- 7.4.6.3.1.Market size and forecast, by product type
- 7.4.6.3.2.Market size and forecast, by fuel type
- 7.4.6.3.3.Market size and forecast, by end-user industry
- 7.4.6.4.India
- 7.4.6.4.1.Market size and forecast, by product type
- 7.4.6.4.2.Market size and forecast, by fuel type
- 7.4.6.4.3.Market size and forecast, by end-user industry
- 7.4.6.5.Rest of Asia-Pacific
- 7.4.6.5.1.Market size and forecast, by product type
- 7.4.6.5.2.Market size and forecast, by fuel type
- 7.4.6.5.3.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, for furnace, by type
- 7.5.4.Market size and forecast, by fuel type
- 7.5.5.Market size and forecast, by end-user industry
- 7.5.6.Market size and forecast, by country
- 7.5.6.1.Latin America
- 7.5.6.1.1.Market size and forecast, by product type
- 7.5.6.1.2.Market size and forecast, by fuel type
- 7.5.6.1.3.Market size and forecast, by end-user industry
- 7.5.6.2.Middle East
- 7.5.6.2.1.Market size and forecast, by product type
- 7.5.6.2.2.Market size and forecast, by fuel type
- 7.5.6.2.3.Market size and forecast, by end-user industry
- 7.5.6.3.Africa
- 7.5.6.3.1.Market size and forecast, by product type
- 7.5.6.3.2.Market size and forecast, by fuel type
- 7.5.6.3.3.Market size and forecast, by end-user industry
CHAPTER 8:COMPETITIVE LANDSCAPE
- 8.1.Introduction
- 8.1.1.Market player positioning
- 8.2.Top winning strategies
- 8.2.1.Top winning strategies, by year
- 8.2.2.Top winning strategies, by development
- 8.2.3.Top winning strategies, by company
- 8.3.Key developments
- 8.3.1.Product launch
- 8.3.2.Acquisition
- 8.3.3.Partnership
- 8.4.COMPANY SNAPSHOT
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.R&D Expenditure
- 9.1.7.Business performance
- 9.1.1.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.R&D Expenditure
- 9.2.7.Business performance
- 9.2.8.Key strategic moves and developments
- 9.3.Easco Boiler Corp.
- 9.3.1.Company overview
- 9.3.2.Key executives
- 9.3.3.Company snapshot
- 9.3.4.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.R&D Expenditure
- 9.4.7.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.R&D Expenditure
- 9.5.7.Business performance
- 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.R&D Expenditure
- 9.6.7.Business performance
- 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.R&D Expenditure
- 9.7.7.Business performance
- 9.8.McKenna Boiler Works Inc.
- 9.8.1.Company overview
- 9.8.2.Key executives
- 9.8.3.Company snapshot
- 9.8.4.Product portfolio
- 9.9.Thermcraft, Inc.
- 9.9.1.Company overview
- 9.9.2.Key executive
- 9.9.3.Company snapshot
- 9.9.4.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.R&D Expenditure
- 9.10.7.Business performance