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Industrial Heating Equipment Market

Industrial Heating Equipment Market<br>

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Industrial Heating Equipment Market

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  1. Industrial Heating Equipment Market To Reach USD 32.74 Billion By 2026 www.reportsanddata.com

  2. Market Summary 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 www.reportsanddata.com Read More: https://www.reportsanddata.com/report-detail/industrial-heating-equipment- market

  3. Market Summary Further key findings from the report suggest • 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 • 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. In June 2018, Danfossannounced 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. www.reportsanddata.com

  4. Market Summary Product (Revenue, USD Million; 2016-2026) Heat Pumps Furnaces Unitary Heaters Boilers Radiant Heaters Others • • • • • • • Application Outlook (Revenue, USD Million; 2016-2026) Oil & Gas Mining Materials & Metals Machinery Manufacturing Industry Automotive Chemical Others • • • • • • • www.reportsanddata.com

  5. About Us 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. Contact US Contact US 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. Reports and Data has a strong base of experienced analysts from varied areas of expertise. www.reportsanddata.com John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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