Global Industrial Process Heating System Equipment Market is driven by Key Factors to expand at a 5.2% CAGR during 2023 to 2029

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.

Global Industrial Process Heating System Equipment market is projected to reach US$ 50900 million in 2029, increasing from US$ 36270 million in 2022, with the CAGR of 5.2% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Industrial Process Heating System Equipment market research.

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The key manufacturers of Industrial Process Heating System Equipment include Dongfang Boiler, Mitsubishi Power and Harbin Boiler, Andritz, Shanghai Boiler, Danieli, SMS, Babcock & Wilcox, Xizi Clean Energy (Hangzhou Boiler), etc. The top eight palyers each have a market share of more than 1%, accounting for about 15% of the market in total.

Asia-pacific is the world’s largest market, accounting for about 50%. It is followed by Europe and North America with about 22% and 20%, respectively.

In terms of product, it can be divided into Fuel-based Heating, Electric-based Heating, Steam-based Heating, and others. Fuel-based Heating has the highest market share at about 41%. After that comes Steam-based Heating, at about 38%.

Industrial Process Heating System Equipment is widely used in power generation, metallurgy, chemical and petrochemical, general manufacturing and other industries. General manufacturing is the main downstream industry, accounting for about 39%.

Scope of Industrial Process Heating System Equipment Market Report:

This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Attention Deficit Hyperactivity Disorder (ADHD) Treatment market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.

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Segment by Type:

  • Fuel-based Heating
  • Electric-based Heating
  • Steam-based Heating
  • Others

Segment by Application:

  • Power Generation
  • Metallurgy
  • Chemical and Petrochemical
  • General Manufacturing
  • Others

Consumption By Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina, Colombia)

Leading Key Players of Industrial Process Heating System Equipment Market:

  • Dongfang Boiler
  • Mitsubishi Power
  • Harbin Boiler
  • Andritz
  • Shanghai Boiler
  • Danieli
  • SMS
  • Babcock & Wilcox
  • Xizi Clean Energy (Hangzhou Boiler)
  • Tenova
  • Sumitomo Heavy Industries (SHI)
  • Jinan Boiler
  • ALD
  • Huaguang Boiler
  • Sichuan Chuanguo Boiler
  • Aichelin Group
  • Inductotherm Corp
  • Weiss Technik
  • Ipsen
  • Jiangsu Yanxin

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The Industrial Process Heating System Equipment report covers below items:

Chapter 1: Product Basic Information (Definition, Type and Application)

Chapter 2: Global market size, regional market size. Market Opportunities and Challenges

Chapter 3: Companies’ Competition Patterns

Chapter 4: Product Type Analysis

Chapter 5: Product Application Analysis

Chapter 6 to 10: Country Level Value Analysis

Chapter 11: Companies’ Outline

Chapter 12: Market Conclusions

Chapter 13: Research Methodology and Data Source

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