Industrial Water Heater Market Size - By Capacity (< 100 - ≤ 200 Gallons, > 200 - ≤ 500 Gallons, > 500 Gallons), By Fuel (Electric, Gas), By Application, Regional Outlook & Forecast, 2024 – 2032

Industrial Water Heater Market Size

Industrial Water Heater Market size was valued at USD 738.5 million in 2023 and is estimated to grow at a CAGR of 7.2% between 2024 and 2032. Increasing demand for hot water across the industries including food processing and chemical along with rising adoption of eco-friendly solutions will drive the business growth. For instance, the EU's industrial production increased by over 8% in 2023 when compared with the last year.
 

An industrial water heater is a specialized device designed to heat large volumes of water for various industrial applications. These units are built to handle the high demands and rigorous operating conditions typical of industrial environments. These systems are vital for maintaining the efficiency and productivity of industrial operations, ensuring a reliable and consistent supply of hot water tailored to the specific needs. These water heaters allow water to come in direct contact with the heat source, leading to efficient heating.
 

Industrial Water Heater Market Trends

Rapid industrialization primarily across the developing nations along with flourishing manufacturing sector will fuel the water heater market. These heaters are built to handle the rigorous demands of industrial environments, offering high heating capacities, rapid heat-up times, and energy-efficient operation. The product offers key benefits including precise temperature control, corrosion-resistant material & safety mechanisms to ensure reliable and long-lasting performance, accelerating the water heater market.
 

Industrial Water Heater Market Analysis

The > 200 - ≤ 500 gallons segment will exceed over USD 600 million by 2032. These water heaters are designed to meet the high-volume hot water requirements of large-scale operations, ensuring consistent supply for processes including sanitization, cleaning and heating. The growing demand for specialty chemicals combined with the shifting consumer preference toward processed food products, has led to increased investments in new manufacturing facilities which in turn will drive industry growth.
 

The food processing industrial water heater market size will witness over 7% CAGR through 2032. Implementation of stringent hygiene and safety standards in the food industry along with surging demand for high temperature heating technologies will amplify the business scenario. Legislative mandates aimed at limiting greenhouse gas emissions along with the increasing adoption of low-emission heating systems will drive the demand for the product.

The Asia Pacific industrial water heater market is set to surpass USD 600 million by 2032. The implementation of regulations for energy conservations and emission reductions will stimulate the adoption of high-efficiency heating technologies across industrial facilities. Rising investments across the chemical industry along with growing urbanization rate will positively impact the business landscape. Increasing focus toward sustainability coupled with surging disposable income will drive the industry potential.
 

Paradigm shift toward energy consumption and minimize environmental impact will foster the U.S. market. The increasing integration of the integration of smart technologies along with ongoing expansion of small & medium scale industries will energize the industry dynamic. In addition, large scale integration of renewable energy sources along with stringent regulatory standards to deploy energy efficient systems will positively sway the business scenario.
 

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
   

Industrial Water Heater Industry News

• In January 2024, Laars Heating Systems, one of subsidiaries of Bradford White Corporation acquired Electro Industries, a prominent U.S. based manufacturer located in Monticello, Minnesota. This acquisition enhances the company’s range of residential, commercial, and industrial water heating solutions. It underscores the company's commitment to addressing evolving customer demands and supporting electrification policies and regulations across North America.
   
• In September 2021, Rinnai America Corporation, a subsidiary of Rinnai Corporation, acquired Industrias Mass, S.A. de C.V., Mexico's leading manufacturer of commercial & industrial -use water heating systems, by purchasing all of its shares on September 1, 2021. This strategic acquisition aligns with Rinnai Group's Medium-Term Business Plan "New ERA 2025" and aims to expand its business scale in the Mexican market.
   

The industrial water heater market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Capacity

• 100 - ≤ 200 Gallons
• > 200 - ≤ 500 Gallons
• > 500 Gallons

Market, By Fuel

• Electric
• Gas
• Others

Market, By Application

• Food Processing
• Pulp & Paper
• Chemical
• Refinery
• Metal & Mining
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Portugal
  • Romania
  • Netherlands
  • Switzerland
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
• Latin America
  • Brazil
  • Argentina