Industrial Heater Market Size

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

The market is growing as a result of the 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. As per estimates from the Food and Agriculture Organization, to feed the 9.1 billion people that will inhabit the planet by 2050, total food production would need to increase by about 70%.

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

Industrial Heater Market Size