Global Industrial Heating Equipment Market Size & Outlook
Global industrial heating equipment market, 2021-2033 (US$M)
Global industrial heating equipment market highlights
- The global industrial heating equipment market generated a revenue of USD 75.5 million in 2025 and is expected to reach USD 112.1 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 5.3% by 2033.
- In terms of segment, fossil fuels accounted for a revenue of USD 78.4 million in 2025.
- Fossil Fuels is the most lucrative fuel type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
Global data book summary
| Market revenue in 2025 | USD 75.5 million |
| Market revenue in 2033 | USD 112.1 million |
| Growth rate | 5.3% (CAGR from 2026 to 2033) |
| Largest segment | Fossil fuels |
| Fastest growing segment | Fossil Fuels |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fossil Fuels |
Other key industry trends
- In terms of revenue, the North America accounted for 17.8% of the global industrial heating equipment market in 2025.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Industrial Heating Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Inductotherm Group | View profile | 51-100 | Rancocas, New Jersey, United States, North America | https://inductothermgroup.com |
| Burnham Holdings | View profile | 501-1000 | Lancaster, Pennsylvania, United States, North America | https://www.burnhamholdings.com/ |
| ASC Process Systems | View profile | 101-250 | Valencia, California, United States, North America | http://www.aschome.com/ |
| Carbolite Gero | View profile | 1001-5000 | Hope, Derbyshire, United Kingdom, Europe | https://www.carbolite-gero.com/ |
| Seco Warwick | View profile | 501-1000 | Swiebodzin, Malopolskie, Poland, Europe | http://www.secowarwick.com |
| PVA TePla America | View profile | 11-50 | Corona, California, United States, North America | http://www.pvateplaamerica.com |
| Lindbergh Spa | View profile | 101-250 | Pescarolo Ed Uniti, Lombardia, Italy, Europe | https://www.lindbergh.eu |
| Abbott | View profile | - | - | - |
| Thermax | View profile | 1001-5000 | Pune, Maharashtra, India, Asia | http://www.thermaxglobal.com |
| Andritz AG | View profile | 29717 | Stattegger Strasse 18, Graz, Austria, 8045 | https://www.andritz.com |
| Thermon Group Holdings Inc | View profile | 1416 | 7171 Southwest Parkway, Building 300, Suite 200, Austin, TX, United States, 78735 | https://www.thermon.com |
| Trane Technologies PLC Class A | View profile | 40000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | https://www.tranetechnologies.com |
| Babcock & Wilcox Enterprises Inc | View profile | 2250 | 1200 East Market Street, Suite 650, Akron, OH, United States, 44305 | https://www.babcock.com |
| Alfa Laval AB | View profile | 21441 | Rudeboksvagen 1, P.O. Box 73, Lund, Sweden, SE-221 00 | https://www.alfalaval.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
Global industrial heating equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial heating equipment market will help companies and investors design strategic landscapes.
Fossil fuels was the largest segment with a revenue share of 103.84% in 2025. Horizon Databook has segmented the Global industrial heating equipment market based on fossil fuels covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Industrial Heating Equipment Fuel Type Outlook (Revenue, USD Million, 2021-2033)
- Fossil Fuels
- Electricity
- Global Industrial Heating Equipment Equipment Type Outlook (Revenue, USD Million, 2021-2033)
- Boilers
- Heat Exchangers
- Furnaces
- Heat Pump
- Ovens
- Others
- Global Industrial Heating Equipment End Use Outlook (Revenue, USD Million, 2021-2033)
- Automotive
- Food & Beverage
- Pharmaceuticals
- Chemicals & Petrochemicals
- Oil and Gas
- Metal Working
- Aerospace
- Electrical industry
- Others
Reasons to subscribe to Global industrial heating equipment market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global industrial heating equipment market databook
-
Our clientele includes a mix of industrial heating equipment market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial heating equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial heating equipment market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global industrial heating equipment market size, by regions, 2021-2033 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
