Market Share of Heating Equipment Industry
The competitive rivalry in the Global Heating Equipment Market is fragmented in nature due to high competition. The high owing to the presence of some key players such as Easco Boiler Corporation, Robert Bosch GmbH, Daikin industries ltd, Klima-Therm, Johnson Controls and many more.
- April 2023: Kanthal and Rath, players in their respective fields – Kanthal in industrial electric heating technology and Rath in high-temperature refractory products, announced a strategic alliance to extend their joint offering in industrial heating technology. Their services will help industries such as steel and petrochemical to make the green transition through close collaboration. The collaboration combines the complementing qualities of both firms, resulting in the market's most extensive choice of sustainable industrial heating solutions. Customers will benefit from Kanthal's experience in heating components and systems and Rath's superior insulation and refractory solutions in a one-of-a-kind combination offering for their industrial heating needs.
- April 2023: UPM, a paper mill company, opted to build new electric boilers to produce heat and steam at its plants in Germany and Finland. The company will install eight new boilers. This effort will enable UPM to phase out the usage of fossil fuels in its mills. The first 50MW electric boiler at the company's UPM Tervasaari paper mill in Valkeakoski, Finland, has already been commissioned. The boiler had been relocated to Valkeakoski from the UPM Kaipola mill in Jämsä, Finland. To improve efficiency, the business plans to build another 60MW electric boiler at the mill later this year. This large-capacity boiler will produce steam and heat for the mill, assisting in both processes.
Heating Equipment Market Leaders
Robert Bosch GmbH
Daikin industries ltd
Johnson Controls
Easco Boiler Corporation
Klima-Therm
*Disclaimer: Major Players sorted in no particular order
