Industrial Heating Equipment Market Size, Trends, Share and Growth Analysis Report, 2021-2028

 

The global Industrial Heating Equipment market is expected to reach USD 3,870.9 Million by 2028, according to a new report by Reports and Data. Global trade in the early first half of 2018 has shown significant improvement after a disappointing trade flow in 2016-2017 owing to low global manufacturing output along with unstable crude oil prices. Moving forward to 2019 and the following years, vulnerability in raw material prices remains a concern along with unpredictable trade policies adopted by major consumers and manufacturers’ country. The chemical and the mining segment accounted for the largest share of the industrial heating equipment market. This has been carefully calculated by keeping in mind the chemical industries outlook for the future along with giving precedence to capacity addition of the chemical and the mineral, material and mining industries Increase in demand for residential buildings in U.S. driven by low interest rates, decrease in unemployment rates and low debt service rations will positively contribute to the construction activities which in turn will aid to the growth of Industrial Heating Equipment Market

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1172

Further key findings from the report suggest

  • Heat pump was valuated at USD 2.44 billion at 2017 and is estimated to reach USD 3.33 billion by the end of the forecasted period. Growth rate attributed to this segment is 4.0%. This segment’s growth is attributed to the exponential growth in capacity of the SME’s under the specialty chemical industry in Asia. This segment had a decline in production by 11% during the period 2014-2016, however is expected to pick up by the end of 2019.
  • The U.S. region is expected to grow significantly during the forecasted period at a CAGR of 4.6%. The industrial sector in U.S. contributed over 30% to the thermal demand U.S. Petroleum refining and Chemicals industry accounted for 31% and 20% of the total process heating energy use in 2010.The petroleum refining and chemicals industries each use more than 1,000 TBtu (1 quad) of energy for process heating.
  • The demand for thermal energy of a refinery varies from 900 gigajoules to 3.6 terajoules depending on the size of the plant. Canada industrial manufacturing sector accounts for over 65% of the total thermal energy demand. The paper & pulp and petroleum refining industry are the largest consumers of industrial heating equipment
  • In June 2018, Danfoss announced the acquisition of additional shares in Leanheat, Finland based developer and provider of turnkey IoT solutions. The company plans to strengthen its global position in building energy optimization and management.

Browse Complete Report “Industrial Heating Equipment Market” @ https://www.reportsanddata.com/report-detail/industrial-heating-equipment-market

Key participants include: Danfoss, United Technologies Corporation, Ingersoll-Rand Plc, Lennox International, Inc., Daikin Industries Ltd., Johnson Controls, Robert Bosch GmbH, Uponor Corporation, Emerson Electric Co. and Honeywell International Inc. For the purpose of this report, Reports and Data have segmented global Industrial Heating Equipment market on the basis of Product, application and region:

Product (Revenue, USD Million; 2018-2028)

  • Heat Pumps
  • Furnaces
  • Unitary Heaters
  • Boilers
  • Radiant Heaters
  • Others

Application Outlook (Revenue, USD Million; 2018-2028)

  • Oil & Gas
  • Mining Materials & Metals
  • Machinery Manufacturing Industry
  • Automotive
  • Chemical
  • Others 

Regional Outlook (Revenue USD Million; 2018-2028)

  • North America
    • The U.S.
  • Europe
    • Germany
    • The UK
  • Asia Pacific
    • China
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

Request Customization of the report @ https://www.reportsanddata.com/request-customization-form/1172

Key questions answered in the report: 

  • What will be the market demand, size, share, and consumption between 2021 to 2028? 
  • What will be the dominant trends and statistics in the market during the forecast period?
  • What will the growth rate of Industrial Heating Equipment Market? 
  • What was the status of this market during the past years? 
  • What are the key factors that will drive the Industrial Heating Equipment Market? 
  • What are the risks, opportunities, and the overview of Industrial Heating Equipment Market? 

Thank you for reading our report. For additional information on customization of the report, connect with us and we will make sure you get a report tailored to meet your needs.

Browse Related Reports:

Gypsum Ceiling Tiles Market

Magnesium Phosphate Cement Market

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

<p>John W</p>

<p>Head of Business Development</p>

<p>40 Wall St. 28th floor New York City</p>

<p>NY 10005 United States</p>

<p>Direct Line: +1-212-710-1370</p>

<p>Reports and Data | Web: <a href="http://www.reportsanddata.com">www.reportsanddata.com</a></p>

Comments

Post a Comment

Popular posts from this blog

Automated Barriers and Bollards Market Size, Revenue Analysis, For 2021–2028

The  Automated Barriers and Bollards Market  is expected to grow from USD 1.52 billion in 2018 to USD 1.93 billion by 2028, at a CAGR of 2.98% during the forecast period. Rise in roadways construction due to urbanization, increase in number of toll booths in developed as well as developing countries, emergence of several smart city programs, rise in demand of Automatic Number Plate Recognition (ANPR) technology for vehicle surveillance and need for better crowd and parking management solutions, for preventing unauthorized access, e.g. avoiding burglars and thieves from entering into the property are some of the driving factors of the market. High cost of deployment, maintenance & repair and lack of awareness regarding automated barriers and bollards may restrain the growth of the Automated Barriers and Bollards market. To get sample PDF copy of the report, visit @ https://reportsanddata.com/sample-enquiry-form/1165 Key Players Profiled in the Report are: Automatic ...
Read more

Fibre Cement Board Market Share, Top Key Players, Growth, Trend and Forecast Till 2027

  According to the current analysis of Reports and Data, the global  fiber cement board market  was valued at USD 13.43 Billion in 2019 and is expected to reach USD 19.89 Billion by the year 2027, at a CAGR of 5.03%. The Fiber Cement Board (FCB) is a building material that has been used in construction activities as building materials by mixing cement with various organic or mineral fibers at specified ratios. The addition of fibers to fiber cement imparts several attributes that are important to the application and serviceability of the composites. Some of these attributes include resistance to cracking, a lighter weight, and a degree of flexibility that are important to the fiber cement board market. These boards are majorly used for decorative purposes such as sidings, flooring, ceiling, roofing materials, soffit and trims, and as a tile backing board. It is preferred for building good quality and long-lasting furniture and homes due to properties such as high resistan...
Read more

Chain Block Market Size, Share, Analysis and Projection, Application, Forecast to 2027

The report published on global Chain Block market A novel report titled, ‘Global Chain Block Market, Forecast to 2027’ has been published by Reports and Data to provide a comprehensive analysis of the Chain Block industry and help reader, user, and investor understand the current market dynamics and plan investment strategies accordingly. The report offers insights about current and emerging market trends along with market size, revenue growth, drivers, restraints, challenges and opportunities. The report also offers detailed information about market segmentation, regional bifurcation and top companies. The report is generated through primary and secondary research and is evaluated by market experts. Advanced analytic tools such as SWOT analysis or Porter’s Five Force analysis are used to obtain accurate data. Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/373 Market Dynamics: The global Chain Block market size was significantly high in 2020 and...
Read more