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Industrial Heater Market Size

Report ID: GMI6725
Published Date: Sep 2023
Report Format: PDF

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Industrial Heater Market Size

Industrial Heater Market size was valued at USD 5.1 billion in 2022 and is expected to grow at a CAGR of more than 5% from 2023 to 2032.

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An industrial heater is a device or system designed to generate and provide controlled heat for various industrial processes, applications, and environments. These heaters are used in a wide range of industries to facilitate processes such as heating liquids, gases, air, or solid materials, and to maintain specific temperatures for manufacturing, processing, drying, curing, and more.

Industrial Heater Market Report Attributes
Report Attribute	Details
Base Year:	2023
Industrial Heater Market Size in 2023:	USD 5.3 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5%
2032 Value Projection:	USD 8.2 Billion
Historical Data for:	2019 to 2023
No. of Pages:	450
Tables, Charts & Figures:	1,206
Segments covered:	Technology, Capacity, Product, Application
Growth Drivers:	Flourishing industrial sector Increasing investments toward the development of manufacturing sector Stringent government regulations related to emissions Integration of renewable energy sources
Pitfalls & Challenges:	High operation & maintenance cost High initial investment

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of industrial heater was worth over USD 5.3 billion in 2023 and will cross USD 8.2 billion by 2032, due to the growing emphasis on energy-efficient and environmentally friendly heating solutions worldwide.

The electric segment held over 20% share of the industrial heater market in 2022 and will incur significant growth from 2023 to 2032, on account the increasing awareness towards environmental concerns and energy efficiency among consumers.

China industrial heater industry recorded USD 495.8 million in 2022 and is expected to witness appreciable growth from 2023 to 2032, owing to flourishing automotive sector along with increasing investments toward the development of manufacturing sector in the region.

Tempco Electric Heater Corporation, Powrmatic, Chromalox, Heatrex, Ulanet, Durex Industries, Tutco Frrnam, Backer Hotwatt, Accutherm, Warren Electric, Marathon Heater, Omega Engineering, and Elmec Heaters are some of the major industrial heater companies worldwide.