New York, NY -- (SBWire) -- 03/30/2019 --The global Industrial Heating Equipment market is expected to reach USD 32.74 billion by 2026, 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
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The major players covered in this Industrial Heating Equipment market report are 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
Knowing the trends influencing the Industrial Heating Equipment industry performance
Stakeholders, marketing executives and business owners planning to refer Industrial Heating Equipment market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
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Market split by Product type, can be divided into:
- Heat Pumps
- Furnaces
- Unitary Heaters
- Boilers
- Radiant Heaters
- Others
Market split by Application, can be divided into:
- Oil & Gas
- Mining Materials & Metals
- Machinery Manufacturing Industry
- Automotive
- Chemical
- Others
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Geographically, this Industrial Heating Equipment market report studies the top producers and consumers in these key regions:
- North America
- Europe
- China
- Japan
- Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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
Browse complete Industrial Heating Equipment report description and Full TOC@ https://www.reportsanddata.com/report-detail/industrial-heating-equipment-market
Key Points from TOC:
Chapter 9. Company Profiles
9.1. Danfoss
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. United Technologies Corporation
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Ingersoll-Rand Plc
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
Continued…
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Industrial Heating Equipment Market Report 2018- 2026 by Top Players: Honeywell, Daikin Industries Ltd., Johnson Controls, Robert Bosch, Ingersoll-Rand
A closer look at the overall Industrial Heating Equipment business scenario presented through self-explanatory charts, tables, and graphics images add greater value to the study.