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Industrial Water Heater Market Share
Sioux Corporation is one of the prominent manufacturers known for its high-quality industrial water heaters. The company specializes in providing heating solutions that cater to various industrial applications. It focuses on designing and manufacturing a wide range of equipment, including industrial water heaters, pressure washers, steam cleaners, and other related products. Its systems are designed to meet the specific needs of various industries, including construction, mining, concrete, oil & gas and food processing.
Industrial Water Heater Market Companies
The key industry players include:
- A.O. Smith
- American Water Heaters
- Ariston Group
- Bradford White Corporation
- Eemax
- Herambh Coolingz
- Hubbell Heaters
- Jaquar India
- Navien
- Noritz America
- Rheem Manufacturing Company
- Rinnai America Corporation
- Sioux Corporation
- State Industries
- Thermex Corporation
- Thermotech Systems Limited
How big is the industrial water heater market?
The market size of industrial water heater reached USD 738.5 million in 2023 and is set to witness 7.2% CAGR from 2024 to 2032, due to the increasing demand for hot water across food processing and chemical sectors along with rising adoption of eco-friendly solutions.
Why is the demand for > 200 - ? 500 industrial water heater rising?
The > 200 - ? 500 gallons capacity segment in the industrial water heater industry is projected to account for more than USD 600 million by 2032, as they are designed to meet the high-volume hot water requirements of large-scale operations.
Why is the demand for industrial water heaters high in food processing applications?
The food processing application segment in the industrial water heater market is poised to depict over 7% CAGR between 2024 and 2032, owing to the implementation of stringent hygiene and safety standards in the food sector.
What factors are driving the industrial water heater industry growth in Asia Pacific?
Asia Pacific market is projected to record more than USD 600 million by 2032, led by the stricter implementation of regulations for energy conservations and emission reductions.