Process Heating Equipment Market By Equipment Type (Heat pump, Furnaces, Boilers) , By Temperature Range (50 to 200 Degree Celsius, 201 to 500 Degree Celsius, 501 to 1, 500 Degree Celsius, Above 1, 500 Degree Celsius) By End-User Industry (Chemical, Food and beverage, Pharmaceutical, Plastic and rubber, Metal, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2032

July 2024 | 245 pages | ID: P2C6B2FC27C8EN
Allied Market Research

Abstracts

The global process heating equipment market was valued at $84.3 billion in 2023, and is projected t%li%reach $107.1 billion by 2032, growing at a CAGR of 2.7% from 2024 t%li%2032.

Process heating equipment refers t%li%machinery and systems used t%li%generate and apply heat in industrial and manufacturing processes. This equipment is essential for operations such as drying, curing, melting, and chemical processing. Common types include boilers, furnaces, kilns, heat exchangers, and ovens. These devices use various energy sources such as electricity, natural gas, oil, or steam t%li%achieve the desired temperature and heat transfer. The efficiency, control, and safety of process heating equipment are crucial for optimizing production, reducing energy consumption, and ensuring consistent product quality in diverse industries such as metalworking, food processing, and chemical manufacturing.

The global process heating equipment market is experiencing robust growth due t%li%several key factors. A primary driver is rise in demand for energy-efficient heating solutions within industrial processes. Industries are increasingly aiming t%li%cut energy use and lessen their environmental footprint, leading t%li%the adoption of advanced process heating technologies that enhance energy efficiency and lower emissions. Moreover, manufacturers are focusing on developing equipment that meets the heating requirements of various industrial applications and minimizes energy consumption. This shift is driven by rise in the cost of energy and stringent environmental regulations aimed at reducing carbon emissions. Technologies such as advanced heat recovery systems, high-efficiency burners, and improved insulation materials are becoming standard features.

However, adherence t%li%these standards impedes the accessibility and affordability of specific equipment for most consumers, thus limiting the market's overall growth. Contrarily, integration of the Internet of Things (IoT) and Industry 4.0 principles offers lucrative opportunities in the process heating equipment market. IoT-enabled heating systems provide real-time monitoring, predictive maintenance, and advanced analytics, leading t%li%improved operational efficiency and reduced downtime. These smart systems collect and analyze data on temperature, energy consumption, and equipment performance, allowing operators t%li%make informed decisions and quickly address any issues. For instance, Siemens AG is recognized for its advancements in digitalization and automation technologies, key components of Industry 4.0 initiatives. Their products leverage IoT t%li%enhance industrial processes, increase efficiency, and support predictive maintenance, all crucial in the sector of process heating equipment markets.

Segmentation Overview

The process heating equipment market is segmented int%li%equipment type, temperature range, end-user industry, and region. Depending on equipment type, the market is divided int%li%heat pump, furnaces, and boilers. As per temperature range, it is segregated int%li%50 t%li%200 degree Celsius, 201 t%li%500 degree Celsius, 501 t%li%1, 500 degree Celsius, and Above 1, 500 degree Celsius. According t%li%end-user industry, the market is classified int%li%chemicals, food and beverage, pharmaceuticals, plastic and rubber, metal, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

By equipment type, the heat pump segment is anticipated t%li%experience faster growth during the forecast period.

Depending on temperature range, the 501 t%li%1, 500-degree Celsius segment is expected t%li%garner the highest market share throughout the projection period.

According t%li%end-user industry, the metal segment is projected t%li%dominate the process heating equipment market during the forecast period.

Region wise, Asia-Pacific t%li%maintain its dominance by 2032.

Competitive Scenario

The major players operating in the process heating equipment market include Babcock Wanson International, Siemens AG, Armstrong International Inc., Mitsubishi Electric Corporation, Thermax Limited, Johnson Controls International PLC, Danfoss, Hurst Boiler & Welding Company, Inc., Carrier, and Chromalox. These players have adopted several strategies, including mergers & acquisitions, partnerships, collaborations, and product development & diversification, t%li%maintain their position in the dynamic market.

Additional benefits you will get with this purchase are:

• Quarterly Update and* (only available with a corporate license, on listed price)
• 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
• Free Upcoming Version on the Purchase of Five and Enterprise User License.
• 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
• 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
• Free data Pack on the Five and Enterprise User License. (Excel version of the report)
• Free Updated report if the report is 6-12 months old or older.
• 24-hour priority response*
• Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)

• Supply Chain Analysis & Vendor Margins
• New Product Development/ Product Matrix of Key Players
• Additional company profiles with specific t%li%client's interest

Key Market Segments

By Equipment Type

• Heat pump
• Furnaces
• Boilers

By Temperature Range

• 50 t%li%200 Degree Celsius
• 201 t%li%500 Degree Celsius
• 501 t%li%1,500 Degree Celsius
• Above 1,500 Degree Celsius

By End-User Industry

• Chemical
• Food and beverage
• Pharmaceutical
• Plastic and rubber
• Metal
• Others

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• France
• Germany
• Italy
• UK
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa
• Key Market Players
• Babcock Wanson International
• Siemens AG
• Armstrong International Inc.
• Mitsubishi Electric Corporation
• Thermax Limited
• Johnson Controls International PLC
• Danfoss
• Hurst Boiler & Welding Company, Inc.
• Carrier
• Chromalox, Inc.

Contents

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: ANESTHESIA VIDEO LARYNGOSCOPE MARKET, BY TYPE

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Type
4.2. Rigid
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Flexible
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country

CHAPTER 5: ANESTHESIA VIDEO LARYNGOSCOPE MARKET, BY USABILITY

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Usability
5.2. Reusable
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Disposable
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country

CHAPTER 6: ANESTHESIA VIDEO LARYNGOSCOPE MARKET, BY END USER

6.1. Market Overview
  6.1.1 Market Size and Forecast, By End User
6.2. Hospitals
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Clinics
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country
6.4. Others
  6.4.1. Key Market Trends, Growth Factors and Opportunities
  6.4.2. Market Size and Forecast, By Region
  6.4.3. Market Share Analysis, By Country

CHAPTER 7: ANESTHESIA VIDEO LARYNGOSCOPE MARKET, BY REGION

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Region
7.2. North America
  7.2.1. Key Market Trends and Opportunities
  7.2.2. Market Size and Forecast, By Type
  7.2.3. Market Size and Forecast, By Usability
  7.2.4. Market Size and Forecast, By End User
  7.2.5. Market Size and Forecast, By Country
  7.2.6. U.S. Anesthesia Video Laryngoscope Market
    7.2.6.1. Market Size and Forecast, By Type
    7.2.6.2. Market Size and Forecast, By Usability
    7.2.6.3. Market Size and Forecast, By End User
  7.2.7. Canada Anesthesia Video Laryngoscope Market
    7.2.7.1. Market Size and Forecast, By Type
    7.2.7.2. Market Size and Forecast, By Usability
    7.2.7.3. Market Size and Forecast, By End User
  7.2.8. Mexico Anesthesia Video Laryngoscope Market
    7.2.8.1. Market Size and Forecast, By Type
    7.2.8.2. Market Size and Forecast, By Usability
    7.2.8.3. Market Size and Forecast, By End User
7.3. Europe
  7.3.1. Key Market Trends and Opportunities
  7.3.2. Market Size and Forecast, By Type
  7.3.3. Market Size and Forecast, By Usability
  7.3.4. Market Size and Forecast, By End User
  7.3.5. Market Size and Forecast, By Country
  7.3.6. France Anesthesia Video Laryngoscope Market
    7.3.6.1. Market Size and Forecast, By Type
    7.3.6.2. Market Size and Forecast, By Usability
    7.3.6.3. Market Size and Forecast, By End User
  7.3.7. Germany Anesthesia Video Laryngoscope Market
    7.3.7.1. Market Size and Forecast, By Type
    7.3.7.2. Market Size and Forecast, By Usability
    7.3.7.3. Market Size and Forecast, By End User
  7.3.8. Italy Anesthesia Video Laryngoscope Market
    7.3.8.1. Market Size and Forecast, By Type
    7.3.8.2. Market Size and Forecast, By Usability
    7.3.8.3. Market Size and Forecast, By End User
  7.3.9. Spain Anesthesia Video Laryngoscope Market
    7.3.9.1. Market Size and Forecast, By Type
    7.3.9.2. Market Size and Forecast, By Usability
    7.3.9.3. Market Size and Forecast, By End User
  7.3.10. UK Anesthesia Video Laryngoscope Market
    7.3.10.1. Market Size and Forecast, By Type
    7.3.10.2. Market Size and Forecast, By Usability
    7.3.10.3. Market Size and Forecast, By End User
  7.3.11. Rest of Europe Anesthesia Video Laryngoscope Market
    7.3.11.1. Market Size and Forecast, By Type
    7.3.11.2. Market Size and Forecast, By Usability
    7.3.11.3. Market Size and Forecast, By End User
7.4. Asia-Pacific
  7.4.1. Key Market Trends and Opportunities
  7.4.2. Market Size and Forecast, By Type
  7.4.3. Market Size and Forecast, By Usability
  7.4.4. Market Size and Forecast, By End User
  7.4.5. Market Size and Forecast, By Country
  7.4.6. China Anesthesia Video Laryngoscope Market
    7.4.6.1. Market Size and Forecast, By Type
    7.4.6.2. Market Size and Forecast, By Usability
    7.4.6.3. Market Size and Forecast, By End User
  7.4.7. Japan Anesthesia Video Laryngoscope Market
    7.4.7.1. Market Size and Forecast, By Type
    7.4.7.2. Market Size and Forecast, By Usability
    7.4.7.3. Market Size and Forecast, By End User
  7.4.8. India Anesthesia Video Laryngoscope Market
    7.4.8.1. Market Size and Forecast, By Type
    7.4.8.2. Market Size and Forecast, By Usability
    7.4.8.3. Market Size and Forecast, By End User
  7.4.9. South Korea Anesthesia Video Laryngoscope Market
    7.4.9.1. Market Size and Forecast, By Type
    7.4.9.2. Market Size and Forecast, By Usability
    7.4.9.3. Market Size and Forecast, By End User
  7.4.10. Australia Anesthesia Video Laryngoscope Market
    7.4.10.1. Market Size and Forecast, By Type
    7.4.10.2. Market Size and Forecast, By Usability
    7.4.10.3. Market Size and Forecast, By End User
  7.4.11. Rest of Asia-Pacific Anesthesia Video Laryngoscope Market
    7.4.11.1. Market Size and Forecast, By Type
    7.4.11.2. Market Size and Forecast, By Usability
    7.4.11.3. Market Size and Forecast, By End User
7.5. LAMEA
  7.5.1. Key Market Trends and Opportunities
  7.5.2. Market Size and Forecast, By Type
  7.5.3. Market Size and Forecast, By Usability
  7.5.4. Market Size and Forecast, By End User
  7.5.5. Market Size and Forecast, By Country
  7.5.6. Brazil Anesthesia Video Laryngoscope Market
    7.5.6.1. Market Size and Forecast, By Type
    7.5.6.2. Market Size and Forecast, By Usability
    7.5.6.3. Market Size and Forecast, By End User
  7.5.7. South Africa Anesthesia Video Laryngoscope Market
    7.5.7.1. Market Size and Forecast, By Type
    7.5.7.2. Market Size and Forecast, By Usability
    7.5.7.3. Market Size and Forecast, By End User
  7.5.8. Saudi Arabia Anesthesia Video Laryngoscope Market
    7.5.8.1. Market Size and Forecast, By Type
    7.5.8.2. Market Size and Forecast, By Usability
    7.5.8.3. Market Size and Forecast, By End User
  7.5.9. Rest of LAMEA Anesthesia Video Laryngoscope Market
    7.5.9.1. Market Size and Forecast, By Type
    7.5.9.2. Market Size and Forecast, By Usability
    7.5.9.3. Market Size and Forecast, By End User

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Advin Health Care
  9.1.1. Company Overview
  9.1.2. Key Executives
  9.1.3. Company Snapshot
  9.1.4. Operating Business Segments
  9.1.5. Product Portfolio
  9.1.6. Business Performance
  9.1.7. Key Strategic Moves and Developments
9.2. Vyaire Medical, Inc
  9.2.1. Company Overview
  9.2.2. Key Executives
  9.2.3. Company Snapshot
  9.2.4. Operating Business Segments
  9.2.5. Product Portfolio
  9.2.6. Business Performance
  9.2.7. Key Strategic Moves and Developments
9.3. Prodol Meditec
  9.3.1. Company Overview
  9.3.2. Key Executives
  9.3.3. Company Snapshot
  9.3.4. Operating Business Segments
  9.3.5. Product Portfolio
  9.3.6. Business Performance
  9.3.7. Key Strategic Moves and Developments
9.4. Infinium Medical, Inc.
  9.4.1. Company Overview
  9.4.2. Key Executives
  9.4.3. Company Snapshot
  9.4.4. Operating Business Segments
  9.4.5. Product Portfolio
  9.4.6. Business Performance
  9.4.7. Key Strategic Moves and Developments
9.5. Medtronic Plc
  9.5.1. Company Overview
  9.5.2. Key Executives
  9.5.3. Company Snapshot
  9.5.4. Operating Business Segments
  9.5.5. Product Portfolio
  9.5.6. Business Performance
  9.5.7. Key Strategic Moves and Developments
9.6. SourceMark, LLC
  9.6.1. Company Overview
  9.6.2. Key Executives
  9.6.3. Company Snapshot
  9.6.4. Operating Business Segments
  9.6.5. Product Portfolio
  9.6.6. Business Performance
  9.6.7. Key Strategic Moves and Developments
9.7. VDO Medical (Shanghai) Co., Ltd (VDO)
  9.7.1. Company Overview
  9.7.2. Key Executives
  9.7.3. Company Snapshot
  9.7.4. Operating Business Segments
  9.7.5. Product Portfolio
  9.7.6. Business Performance
  9.7.7. Key Strategic Moves and Developments
9.8. Intersurgical Ltd.
  9.8.1. Company Overview
  9.8.2. Key Executives
  9.8.3. Company Snapshot
  9.8.4. Operating Business Segments
  9.8.5. Product Portfolio
  9.8.6. Business Performance
  9.8.7. Key Strategic Moves and Developments
9.9. Olympus Corporation
  9.9.1. Company Overview
  9.9.2. Key Executives
  9.9.3. Company Snapshot
  9.9.4. Operating Business Segments
  9.9.5. Product Portfolio
  9.9.6. Business Performance
  9.9.7. Key Strategic Moves and Developments
9.10. Roper Technologies, Inc.
  9.10.1. Company Overview
  9.10.2. Key Executives
  9.10.3. Company Snapshot
  9.10.4. Operating Business Segments
  9.10.5. Product Portfolio
  9.10.6. Business Performance
  9.10.7. Key Strategic Moves and Developments