Industrial Heater Market Regional Analysis:
North American Market Insights
North America region in industrial heater market is poised to dominate around 40% revenue share by the end of 2035. The market growth in the region is expected on account of growing industrial activities. The North American manufacturing industry is expected to expand as a result of regional specialties and industrial growth across a wide range of sectors.
The United States' manufacturing activity grew at its quickest rate since 2022, leading to higher demand for industrial heaters owing to their diverse uses in a range of industries, including manufacturing, food, and others. According to estimates, more than 9% of global economic production, or around USD 2 trillion, came from the highly diversified US manufacturing sector in 2023.
Moreover, the goal of the National Research Council Canada (NRC) and Natural Resources Canada (NRCan) is to find low-cost, low-carbon industrial heating technologies that will reduce carbon emissions to help the country move closer to its net-zero emissions goals, which may drive industrial heater market demand in Canada. The Canadian government committed to achieving net zero emissions by 2050 with the introduction of the Canadian Net-Zero Emissions Accountability Act in December 2020, which also includes a USD 15 billion plan with 64 initiatives aimed at achieving the country's 2030 target.
APAC Market Insights
The Asia Pacific region will also encounter huge revenue for the industrial heater market during the forecast period owing to the increasing urbanization. The region is undergoing a significant change owing to an unparalleled surge in its urban population driven by factors including employment opportunities, educational institutions, and urban lifestyle. This may drive the need for industrial heaters in the region.
As of 2023, cities were home to more than 60% of China's population. Furthermore, industrial heating is the primary source of energy consumption in China's industrial sector, with industrial heaters used in a variety of procedures to increase the temperature of an object or process.
South Korea is becoming more industrialized, with exceptional economic success and global integration over the last four decades, which may increase industrial heater market demand.
Besides this, to maintain a secure workplace while increasing output and efficiency, Japanese companies are also investing in robotic process automation, leading to an increase in the nation's need for industrial heaters. Compared to around 45% in the US, Japan has an overall automation potential of more than 50% of hours worked.
