Global Industrial Heaters Market

Global Industrial Heaters Market was valued at US$ xx Bn in 2019 and is expected to reach $32.74 Bn by 2026, at a CAGR of xx%.

Global Industrial Heaters Market Introduction

Industrial heaters are devices that raise the temperature of a process or an industrial object. Manufacturers of industrial heaters now have exciting new prospects thanks to technological advancements. The rising demand for energy-efficient products is a major factor shaping the industrial heaters market. The demand for industrial heaters is expected to rise as energy consumption rises in the industrial and residential sectors, lowering operating costs and increasing energy savings.
Global Industrial Heaters Market Dynamics

The automotive sector accounts for 65 % of process heating operations. The growing trend among industries to improve productivity is expected to support healthy market growth in the coming years. For manufacturers of industrial heaters, technological advancements have resulted in innovative and exciting products and opportunities. Industrial heaters accounted for nearly 70% of the overall energy demand in the automotive sector.
Curing, drying, phase shift, heating, and other critical material transformations are facilitated by a broad range of process heating unit operations associated with industrial equipment. These operations are essential in the production of industrial and consumer goods made of concrete, glass, ceramics, rubber, plastic, and metal.

To strengthen their market share, companies are investing in R&D to develop efficient innovations, remote monitoring devices, and control systems. Government policies that promote the green transition, such as the Climate Action Program (COP21), are expected to boost the production of energy-efficient goods. For air conditioners and heat pumps, manufacturers must adhere to the US Department of Energy’s (DOE) energy conservation requirements.

The development of advanced heating systems for use in residential and commercial construction is expected to boost the industry significantly. In addition, the industry is expected to grow due to an increase in demand for electrically operated products due to their ease of installation and low emissions over the forecast period.

During the forecast period, the global industrial heaters market is expected to be hampered by a lack of training among employees in specific regions. Furthermore, by the end of the forecast era, the global industrial heaters market is expected to be hampered by reduced use of duct heaters due to their inability to heat wet rooms and the need for fire safety safeguards.
Global Industrial Heaters Market Segment Analysis

The heat pumps segment accounted for the largest share, with a market value of USD 14.16 billion in 2018 and a CAGR of xx% over the forecast period. Heat pumps are common because of their ability to efficiently move heat at a low cost of operation. Because of their fast heating capability and ease of replacement, furnaces are the most commonly used heating systems. Haier, a leading manufacturer of home appliances and electronics, introduced a new water heater system to the market in November 2018. The product range includes different types of products such as E25V, ES15V, and ES10V.

Electric furnaces are becoming increasingly popular since they are low-maintenance, emit no harmful emissions, and are cost-effective. Over the next seven years, the rising demand for upgraded heating systems that meet regulatory requirements is expected to gain momentum, propelling the industry forward. Due to the high percentage of energy-intensive industries in Europe, industrial heat demand is high.

Temperature demands are strongest in the chemical, non-metallic mineral, and essential mineral industries. The increased implementation of cutting-edge technology such as industry 4.0 and the industrial internet of things (IIoT) has revolutionized the industrial furnace industry by improving efficiencies and automating processes. As a result, such innovations provide an incentive for industrial furnace manufacturers who have implemented advanced technologies.

Global Industrial Heaters Market

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Global Industrial Heaters Market Regional Insights

Global Industrial Heaters Market Regional Insights

The United States is projected to rise at a CAGR of xx % over the forecasted period. The manufacturing sector in the United States contributed more than 30% of the country’s total thermal demand. In 2019, the petroleum refining and chemical industries used xx% and xx% of total process heating capacity, respectively. For process heating, the petroleum refining and chemical industries each use over 1,000 TBtu of energy.

Due to the end of the recession in the region, Western Europe is projected to grow at a significant rate over the forecast period. Product demand is expected to rise further as Europe’s automotive industry develops.

In the global industrial heaters market, Asia Pacific is projected to rise at a faster rate than the rest of the world over the forecast period. From 2019 to 2025, Asia Pacific is expected to be the fastest-growing regional market, with a CAGR of xx%. The market is expected to grow as the number of residential and commercial constructions in the region’s developing countries rises. Furthermore, increasing understanding of the benefits of using such items is expected to drive market growth. This can be due to countries like India and China being more industrialized.
Global Industrial Heaters Market Report Scope: Inquire before buying

Global Industrial Heaters Market
Global Industrial Heaters Market, by Region

• North America
• Europe
• South America
• MEA
• Asia Pacific
Global Industrial Heaters Market Key Players

• Excel Heaters
• Wattco
• Elmatic (Cardiff) Ltd.
• Powrmatic Ltd
• Winterwarm
• Watlow Electric Manufacturing Company
• Dragon Power Electric Co. Ltd.
• Auzhan Electric Appliances (Shanghai) Co. Ltd.
• Vijay Heat Industries
• Kantilal Chunilal & Sons Appliances Private Ltd.
• Ѕріrах-Ѕаrсо Еngіnееrіng рlс
• АЅРЕQ Неаtіng Grоuр LLС
• ТРІ Соrроrаtіоn
• Danfoss
• Ingersoll-Rand PLC
• Lennox Industries

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