Industrial process heat is thermal energy used to produce, treat, or alter manufactured goods. Process heat provides the energy necessary for creating almost everything we use every day, such as power, textiles, cement, steel, composites, plastics, and glass.
There are several primary types of heat used in industrial processing: fossil fuel, steam, electric, etc.
According to the new market research report “Industrial Process Heating System Equipment- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Industrial Process Heating System Equipment market size is projected to reach USD 53.33 billion by 2030, at a CAGR of 5.0% during the forecast period.
- Global Industrial Process Heating System Equipment MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Industrial Process Heating System Equipment- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Industrial Process Heating System Equipment Top21Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Industrial Process Heating System Equipment- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Industrial Process Heating System Equipment include Dongfang Boiler, Mitsubishi Power, Harbin Boiler, Andritz, Shanghai Boiler, Danieli, SMS, Babcock & Wilcox, Xizi Clean Energy (Hangzhou Boiler), Tenova, etc. In 2023, the global top 10 players had a share approximately 15.7% in terms of revenue.
Market Drivers:
Industry policy support
Wide application of Industrial Process Heating System Equipment
Launches in introducing new products
Restraint:
Raw material price fluctuation
Competition from Low-end Industrial Process Heating System Equipment manufacturers is bad for industrial upgrading
Lack of support from upstream/downstream partners as a new entry to the market
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