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Industrial Heater Market - Top Companies and Manufacturers

  • Report ID: 6036
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Companies Dominating the Industrial Heater Market

    To compete in the business, the major players in the industrial heater market are concentrating on economies of scale, brand recognition, technological advances, and marketing strategies.

    • Powrmatic Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Excel Heaters
    • Elmatic Ltd.
    • Dragon Power Electric Co. Ltd.
    • Vijay Heat Industries
    • Laars Heating Systems
    • AUZHAN ELECTRIC APPLIANCES (SHANGHAI) CO., LTD.
    • Kantilal Chunilal and Sons Ltd.
    • Ingersoll Rand Inc.
    • Carver Group
    • Watlow Electric Manufacturing Co.
    • Winterwarm
Browse Key Market Insights with Data Illustration:

In the News

  • Carver Group announced the acquisition of a leading manufacturer and distributor of industrial and commercial heating, ventilating, and air conditioning (HVAC) equipment, Powrmatic Limited to enhance its standing in the HVAC industry and to seize future expansion prospects in both domestic and international export markets.

    In addition, Carver's manufacturing capacity is increased by the acquisition of a fourth production plant, which will enable them to provide their clients with a wider range of products and solutions.
  • Laars Heating Systems a manufacturer of boilers, water heaters, and pool heaters used in residential, commercial, and industrial applications announced the acquisition of Electro Industries, Inc. to broaden its offering for heating homes, businesses, and industrial spaces, for meeting customers' expanding needs as state and local electrification laws and regulations continue to change across North America. 

Author Credits:  Richa Gupta


  • Report ID: 6036
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of industrial heater is estimated at USD 5.7 billion.

The industrial heater market size was valued at USD 5.49 billion in 2024 and is likely to cross USD 10.1 billion by 2037, expanding at more than 4.8% CAGR during the forecast period i.e., between 2025-2037. The market growth is owing to rising demand for food across the globe, leading to extensive usage of industrial heaters since heat may be needed during food processing, beverage preparation, product packing, and product storage processes.

North America industry is estimated to dominate majority revenue share of 40% by 2037, influenced by growing industrial activities in the region.

The major players in the market include Powrmatic Ltd., Excel Heaters, Elmatic Ltd., Dragon Power Electric Co. Ltd., Vijay Heat Industries, Laars Heating Systems, AUZHAN ELECTRIC APPLIANCES (SHANGHAI) CO., LTD., Kantilal Chunilal and Sons Ltd., Ingersoll Rand Inc., Carver Group, Watlow Electric Manufacturing Co., Winterwarm
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