Industrial Process Heating Market to Reach USD 17.47 Billion by 2032

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2▲4 ▼0Impact / 5
Summary · why it matters

The global industrial process heating market is projected to grow from USD 13.36 billion in 2026 to USD 17.47 billion by 2032, a compound annual growth rate of 4.6%. Growth is driven by demand for energy-efficient, low-emission heating systems in industries such as metals, chemicals, oil and gas, and food and beverage. Within the gas-powered segment, burners are expected to grow at the highest rate, while the chemical industry is set to dominate gas-powered heating demand. Europe holds a significant share of the gas-powered process heating market, led by countries like Germany and France. Key players include Honeywell International, Siemens, Emerson, and ANDRITZ.

Impact on assets 5

Robotics & Physical AI▲
Emerson Electric Company
EMR
▲ PositiveDemandrelevance

Emerson is a key player in the growing industrial process heating market, benefiting from demand for energy-efficient systems.

Siemens Aktiengesellschaft
SIE
▲ PositiveDemandrelevance

Siemens is a key player in the growing industrial process heating market, benefiting from demand for energy-efficient systems.

Industrials▲
Andritz AG
AZ2
▲ PositiveDemandrelevance

Andritz is a key player in the growing industrial process heating market, benefiting from demand for energy-efficient systems.

Smart City / Autonomous Infrastructure▲
Honeywell International Inc
HON
▲ PositiveDemandrelevance

Honeywell is a key player in the growing industrial process heating market, benefiting from demand for energy-efficient systems.

Health Care▲