Thermal oil heaters market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The growth of the market is attributed to factors such as increasing demand in various industries and the advantages offered by thermal oil heaters. Further, advancements in technology and growing energy requirements are some of the factors anticipated to fuel the demand for thermal oil heaters. For instance, in the chemical industry, thermal oil heaters are widely used for efficient and controlled heating processes. Therefore various companies provide highly efficient thermal heater for the chemical industry. For instance, Pirobloc offers thermal heaters for chemical sectors for heating reactors. Maintenance and operation of thermal fluid boilers are relatively straightforward compared to other systems. Simple maintenance procedures can prevent issues such as corrosion and scaling, ensuring smooth operation. Another advantage of Pirobloc thermal oil heaters is that they can operate at high temperatures while maintaining low pressures.
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The oil and chemical industry sub- segment are anticipated to hold a significant share in the global thermal oil heaters market. This growth is attributed to the expansion of oil and chemical based plants across the growth. For instance, in February 2023, Luberef, a subsidiary of Saudi Aramco, expanded its base oil plant in Yanbu’ al Bahr, Saudi Arabia, which will increase capacity by 230,000 metric tons per year. The project will also upgrade the facility, enabling it to make API Group III base stocks.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Thermal Oil Heaters Market byTypes
- Tubular Heating
- Local Rapid Heating
Global Thermal Oil Heaters Market by Application
- Oil
- Chemical
- Food Processing
- Paper Mills
- Industrial Laundries
- Glass Industry
- Others (Plastic and Cement)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- CNIM Group
- Corbett Industries
- Cream City Boiler Co.
- Dow Chemicals
- ECO Prozesstechnik GmbH
- Exotherm Corporation
- Gaumer Process
- Gencor Industries, Inc.
- Heat Exchange & Transfer, Inc.
- Hovalwerk AG
- Hurst Boiler & Welding Co., Inc.
- Intec Energy Systems Ltd.
- Kroll Energy GmbH
- Meeker Equipment Co. Inc.
- National U. S. Radiator Corp.
- Crane Co. Industrial Products Group
- Paratherm
- Parker Boiler Co.
- Performance Heating LLC
- Process Equipment Division
- ProTec Ingredia Ltd.
- Qingdao East Power Industry Equipment Co., Ltd.
- Schmid AG
- Struthers Wells
- Viessmann Group
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global thermal oil heaters market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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