The global heating equipment market is projected to grow from USD 44,214.46 million in 2025 to USD 68,743.41 million by 2035. This reflects a CAGR of 4.6% during the forecast period.
Rising Demand from Chemical and Petrochemical Processing Industries
In today's world, the increasing consumption of chemicals, fuels, plastics, and petrochemical products is substantially propelling demand for heating equipment, given that these industries extensively depend on precise and continuous process heating. Industrial boilers and upgraded heating systems play a pivotal role in supporting various temperature-sensitive operations, which are crucial for industrial production, including distillation, heating of chemical reactions, and steam generation.
Market Segmentation Overview
By Equipment Type
• Furnaces: Widely used for high-temperature industrial processes.
• Ovens: Essential for controlled heating and drying.
• Boilers: Generate steam for diverse industrial applications.
• Others: Support specialized and niche heating requirements.
By Fuel Type
• Electric: Preferred for clean and precise heating.
• Natural Gas: Offers efficient and cost-effective heat generation.
• Oil: Suitable for high-capacity heating operations.
• Coal: Remains important in certain industrial regions.
• Biomass: Supports renewable and sustainable energy goals.
• Others: Includes alternative and emerging fuel sources.
By End Use Industry
• Manufacturing: Drives demand through continuous production activities.
• Construction: Utilized for material processing and fabrication.
• Food and Beverage: Ensures consistent cooking and processing temperatures.
• Pharmaceuticals: Supports temperature-sensitive production environments.
• Energy: Requires heating systems for power operations.
• Chemical & Petrochemical: Depends heavily on process heating applications.
• Plastics: Uses heat-intensive moulding and shaping processes.
• Others: Serves various commercial and industrial sectors.
Regional Market Outlook
North America and Europe are the major drivers of market growth by industrial modernization, energy efficiency initiatives, and uptake of advanced heating technologies. On the other hand, Asia Pacific, South America, and Middle East & Africa are experiencing a continued increase in demand due to industrial expansion, investments in infrastructure, and sustainability-based developments.
Strategic Boiler Modernization Contract
In December 2025, Babcock & Wilcox announced that through its Canadian subsidiary, the company was awarded a contract, with a value of more than $10 million, for the upgrading of a Stirling power boiler at Irving Pulp & Paper's plant location in New Brunswick. This milestone demonstrates the company's depth of knowledge in industrial boiler modernization and its consolidated position in the pulp and paper sector.
Expanding Demand from Plastics and Packaging Manufacturing
The increasing use of plastic products and packaging materials is fuelling the rising demand for high-tech process heating equipment. Temperature control plays the most important role during moulding, thermoforming, and welding processes to achieve the desired quality of the product and minimize production losses.
Key Report Attributes
• Market Size 2025: USD 44,214.46 Million
• Market Size 2035: USD 68,743.41 Million
• CAGR (2025-2035): 4.6%
• Base Year: 2024
• Market Forecast Period: 2025-2035
Industry Segmentations Growth
• By Equipment Type: Furnaces - 5.1%, Ovens Boilers - 4.7%.
• By Fuel Type: Natural Gas - 4.9%, Coal - 3.5%.
• By End Use Industry: Manufacturing - 5.2%, Construction - 2.9%.
圖表清單 List of Tables & Figures
LIST OF TABLES
Table 1: GLOBAL PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
2035 (USD
MILLION)
Table 2: GLOBAL PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
(USD MILLION)
Table 3: GLOBAL PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
(USD MILLION)
Table 4: GLOBAL PROCESS HEATING EQUIPMENT MARKET, BY REGION, 2019
MILLION)
2035 (USD
Table 5: NORTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY COUNTRY, 2019
(USD MILLION)
Table 6: NORTH AMERICA PROCESS HEATING EQUIPMENT MARKET, B
2035 (USD MILLION)
Y EQUIPMENT TYPE, 2019
Table 7: NORTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
(USD MILLION)
2035 (USD MILLION)
Table 8: NORTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY,
2019
Table 9: US PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
MILLION)
Table 10: US PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
2035 (USD MILLION)
Table 11: US PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
MILLION)
Table 1
2: CANADA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
2035
(USD MILLION)
Table 13: CANADA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
MILLION)
2035
2035 (USD
Table 14: CANADA PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
(USD MILLION)
2035
Table 15: EUROPE PROCESS HEATING EQUIPMENT MARKET, BY COUNTRY, 2019--
2035
2035 (USD
MILLION)
Table 16: EUROPE PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
(USD MILLION)
2035
Table 17: EUROPE PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
MILLION) --
2035
2035 (USD
Table 18: EUROPE PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
(USD MILLION)
2035
2035
Table 19: GERMANY PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
2035
(USD MILLION)
Table 20: GERMANY PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
MILLION)
2035 (USD
Table 21: GERMANY PROCESS HEATING EQUIPMENT MARK
2035 (USD MILLION)
2035 (USD
ET, BY END USE INDUSTRY, 2019
Table 22: UK PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019--
2035 (USD
MILLION)
2035 (USD
Table 23: UK PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
2035 (USD MILLION)
Table 24: UK PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
2035 (USD
MILLION)
Table 25: FRANCE PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
(USD MILLION)
Table 26: FRANCE PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
MILLION)
2035 (USD
Table 27: FRANCE PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
(USD MILLION)
Table 28: RUSSIA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
(USD MILLION)
Table 29: RUSSIA PROCESS HEATING EQUIPMENT MARK
MILLION)
ET, BY FUEL TYPE, 2019
2035 (USD
Table 30: RUSSIA PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
(USD MILLION)
Table 31: ITALY PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
MILLION)
Table 32: ITALY PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
MILLION)
2035 (USD
Table 33: ITALY PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
(USD MILLION)
Table 34: SPAIN PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
(USD MILLION)
Table
35: SPAIN PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
MILLION)
2035 (USD
Table 36: SPAIN PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
2035
(USD MILLION)
2035
2035
2035 (USD MILLION)
Table 37: REST OF EUROPE PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2019
Table 38: REST OF EUROPE PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
(USD MILLION)
2035
2035 (USD MILLION)
Table 39: REST OF EUROPE PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY,
2019
2035
Table 40: ASIA PACIFIC PROCESS
MILLION)
HEATING EQUIPMENT MARKET, BY COUNTRY, 2019
2035 (USD
Table 41: ASIA PACIFIC PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
2035 (USD MILLION)
2035
Table 42: ASIA PACIFIC PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
2035
(USD MILLION)
2035 (USD
Table 43: ASIA PACIFIC PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
2035 (USD MILLION)
Table 44: CHINA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
(USD MILLION)
Table 45: CHINA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
MILLION)
2035
2035 (USD
Table 46: CHINA PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
2035
(USD MILLION)
Table 47: INDIA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
MILLION)
2035 (USD
Table 48: INDIA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
2035 (USD
MILLION)
Table 49: INDIA PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
(USD MILLION)
Table 50: JAPAN PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
(USD MILLION)
Table 51: JAPAN PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
MILLION)
Table 52: JAPAN PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
(USD MILLION)
Table 53: SOUTH KOREA PROCESS HEATING EQUIPMENT MARKE
2035 (USD MILLION)
T, BY EQUIPMENT TYPE, 2019
Table 54: SOUTH KOREA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
(USD MILLION)
Table 55: SOUTH KOREA PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
2035 (USD MILLION)
Table 56: MALAYSIA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
(USD MILLION)
Table 57: MALAYSIA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
MILLION)
Table 58: MALAYSIA PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
2035
(USD MILLION)
Table 59: THAILAND PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
(USD MILLION)
Table 60: THAILAND PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
2035 (USD
MILLION)
2035
2035
2035 (USD
Table 61: THAILAND PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
2035 (USD MILLION)
Table 62: MALAYSIA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
(USD MILLION)
Table 63: MALAYSIA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019--
2035
2035 (USD
MILLION)
2035
Table 64: MALAYSIA PROCESS
2035 (USD MILLION)
HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
Table 65: THAILAND PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019--
2035
(USD MILLION)
2035
Table 66: THAILAND PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
MILLION) --
2035 (USD
Table 67: THAILAND PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
2035 (USD MILLION)
2035
Table 68: INDONESIA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
2035
(USD MILLION)
2035 (USD
Table 69: INDONESIA PROCESS HEATING EQUIPMENT MARKET, BY F
MILLION)
UEL TYPE, 2019
2035 (USD
Table 70: INDONESIA PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
2035 (USD MILLION)
2035
Table 71: REST OF APAC PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
2035 (USD MILLION)
10
Table 72: REST OF APAC PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
2035
(USD MILLION
Table 73: REST OF APAC PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
2035 (USD MILLION)
Table 74: SOUTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY COUNTRY, 2019
(USD MILLION)
2035 (USD MILLION)
Table 75: SOUTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2019
Table 76: SOUTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
(USD MILLION)
2035 (USD MILLION)
Table 77: SOUTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY,
2019
Table 78: BRAZIL
(USD MILLION)
PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
Table 79: BRAZIL PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
MILLION)
2035
2035 (USD
Table 80: BRAZIL PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
(USD MILLION)
Table 81: MEXICO PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
(USD MILLION)
Table 82: MEXICO PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019--
2035 (USD
MILLION)
Table 83: MEXICO PROCESS HEATING EQUIPMENT MARKET, BY END USE IN
(USD MILLION)
DUSTRY, 2019
Table 84: ARGENTINA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
2035 (USD MILLION) --
2035
Table 85: ARGENTINA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
MILLION)
2035 (USD
Table 86: ARGENTINA PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
2035 (USD MILLION) --
2035 (USD MILLION)
Table 87: REST OF SOUTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT
TYPE, 2019
2035
2035 (USD MILLION)
Table 88: REST OF SOUTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE,
201
Table 89: REST OF SOUTH AMERICA PROCESS HEATING EQUIPMENT MARKET, BY END USE
INDUSTRY, 2019
2035 (USD MILLION)
Table 90: MIDDLE EAST & AFRICA PROCESS HEATING EQUIPMENT MARKET, BY COUNTRY, 2019
2035 (USD MILLION)
Table 91: MIDDLE EAST & AFRICA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT
TYPE, 2019
2035 (USD MILLION)
Table 92: MIDDLE EAST & AFRICA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
2035 (USD MILLION)
2035
Table 93: MIDDLE EAST & AFRICA PROCESS HEATING EQUIPMENT MARKET, BY
INDUSTRY, 2019
2035 (USD MILLION)
END USE
Table 94: GCC COUNTRIES PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
2035 (USD MILLION)
2035
Table 95: GCC COUNTRIES PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
2035
(USD MILLION)
Table 96: GCC COUNTRIES PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY,
2019
Table 97: SOUTH AFRICA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
2035 (USD MILLION)
Table 98: SOUTH AFRICA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
(USD MILLION)
2035 (USD MILLION)
Table 99: SOUTH AFRICA PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY,
2019--
2035
Table 100: REST OF MEA PROCESS HEATING EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2019
2035 (USD MILLION)
Table 101: R
EST OF MEA PROCESS HEATING EQUIPMENT MARKET, BY FUEL TYPE, 2019
2035
(USD MILLION)
Table 102: REST OF MEA PROCESS HEATING EQUIPMENT MARKET, BY END USE INDUSTRY, 2019
2035 (USD MILLION)
Table 103: COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL
LIST OF
FIGURES
FIGURE 1: GLOBAL PROCESS HEATING EQUIPMENT MARKET SHARE, BY EQUIPMENT TYPE, 2025
(%)
FIGURE 2: GLOBAL PROCESS HEATING EQUIPMENT MARKET SHARE, BY FUEL TYPE, 2025 (%)
FIGURE 3: GLOBAL PROCESS HEATING EQUIPMENT MARKET SHARE, BY END USE INDUSTRY, 2025
(%)
FIGURE 4: GLOBAL PROCESS HEATING EQUIPMENT MARKET SHARE, BY REGION, 2025 (%)
FIGURE 5: GLOBAL PROCESS HEATING EQUIPMENT MARKET: MARKET GROWTH FACTOR
ANALYSIS (2019
2035)
FIGURE 6: GLOBAL & INDIA MANUFACTURING OUTPUT GROWTH RATE FOR Q3 2025
FIGURE 7: GLOBA
L CHEMICAL SALES SHARE 2024
FIGURE 8: GLOBAL PLASTICS PRODUCTION 2018
2024 (IN MT)
FIGURE 9: GROWTH IN INDIA MEDICAL DEVICES (USD BILLION)
FIGURE 10: GLOBAL PROCESS HEATING EQUIPMENT MARKET: PARTICIPANTS
FIGURE 11: THERMAX LIMITED: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 12: FIVES GROUP: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 13: BABCOCK & WILCOX ENTERPRISES, INC.: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 14: CHROMALOX, INC.: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 15: THERMON GROUP: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 16: NIBE
INDUSTRIER AB: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 17: IHI CORPORATION: FINANCIAL OVERVIEW SNAPSHO
量子訊息有限公司為 Market Research Future 在台灣的授權代理,提供報告購買、樣本申請與授權諮詢。電話 +886 2 7751 5192 ・ 聯絡我們