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Industrial Heating Equipment Market Share
IHI Corporation is one of the leading providers of industrial heating equipment. The company has established itself as a pioneer in the development and manufacturing of advanced industrial machinery and infrastructure. Their industrial heating equipment division is known for its innovative solutions that cater to a wide range of applications, including petrochemical, chemical, and power generation industries. Its cutting-edge technology and commitment to sustainability ensure their products deliver high efficiency, reliability, and reduced environmental impact. The company's expertise in engineering and comprehensive support services make it a trusted partner for businesses seeking state-of-the-art heating solutions tailored to their specific industrial needs.
Industrial Heating Equipment Market Companies
The key industry players include:
- ANDRITZ
- Atlas Copco AB
- Babcock and Wilcox Enterprises, Inc.
- Carrier
- Dalrada Climate Technology
- Chromalox
- Clayton Industries
- Daikin Industries Ltd.
- Emerson Electric Co.
- Groupe Atlantic
- Hurst Boiler and Welding Co, Inc.
- IHI Corporation
- Johnson Controls
- Lennox International Inc.
- MAN Energy Solutions
- Mitsubishi Electric India Pvt. Ltd.
- Miura America Co., LTD.
- Robert Bosch GmbH
- Siemens Energy
- Swegon Ltd.
- Tenova S.p.A
- Thermax Limited
- The Fulton Companies
- Trane Technologies
How big is the industrial heating equipment market?
The market size of industrial heating equipment was worth USD 21.7 billion in 2023 and will expand at 6.8% CAGR between 2024 and 2032, driven by growing emphasis on energy efficiency and cost savings along with increasing industrial activities across manufacturing, oil & gas, and chemicals.
Why is the demand for industrial heating equipment rising for food processing?
The food processing segment in the industrial heating equipment industry will achieve 7% CAGR through 2032, due to rising demand for equipment that enhances efficiency and conserves energy, along with the growing emphasis on equipment capable of utilizing alternative energy sources.
What is the value of the Asia Pacific industrial heating equipment market?
Asia Pacific industrial heating equipment industry will exceed USD 12 billion by 2032, owing to expanding manufacturing sectors, increasing investments in infrastructure, and rising adoption of automation in industrial processes.
Which leading companies are operating in the industrial heating equipment market?
Atlas Copco AB, Babcock and Wilcox Enterprises, Inc., Clayton Industries, Daikin Industries Ltd., Emerson Electric Co., Mitsubishi Electric India Pvt. Ltd., Robert Bosch GmbH, Siemens Energy, Swegon Ltd., Thermax Limited, The Fulton Companies, and Trane Technologies among others.