프로세스 에어 히터 시장 보고서 : 동향, 예측, 경쟁 분석(-2031년)

The future of the global process air heater market looks promising with opportunities in the industrial, commercial, and residential markets. The global process air heater market is expected to grow with a CAGR of 5.16% from 2025 to 2031. The major drivers for this market are the increasing demand for industrial heating systems, the growing need for energy-efficient solutions, and the rising industrialization & manufacturing activities.

• Lucintel forecasts that, within the type category, indirect is expected to witness the highest growth over the forecast period.
• Within the end use category, industrial is expected to witness the highest growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.

Emerging Trends in the Process Air Heater Market

The process air heater market is on the verge of revolutionary change, fueled by a global shift towards sustainability, efficiency, and technology integration. These emerging trends are transforming the manner in which thermal processing is approached by industries, with an emphasis on solutions that are not just efficient in the provision of accurate heat but also help reduce operational costs and environmental footprints. From the introduction of smart heating systems to the growing use of renewable energy sources, the industry is transforming to address the multifaceted needs of contemporary industrial environments. These are set to redefine industry standards, driving innovation and opening up new opportunities for expansion and green development.

• Electrification of Industrial Heating: One of the major emerging trends is the rising electrification of industrial heating processes and phasing out fossil fuel-based systems. This includes increased use of electric process air heaters because of their cleaner operation, accuracy of temperature control, and use with renewable electricity supplies. In efforts by industries to lower carbon emissions and meet decarbonization goals, electric heaters present a viable solution. This is complemented by technological progress in electric heating element technology and control systems, which advances electric process air heaters to be more efficient and economical for a broad spectrum of industrial uses, thus minimizing the use of conventional combustion processes.
• Smart Technologies and IoT Integration: Smart technologies and Internet of Things (IoT) integration is transforming the process air heater market. This trend entails integrating sensors, real-time monitoring, and predictive maintenance algorithms into air heaters. Temperature, energy usage, and system operation can be monitored and controlled remotely by operators, optimizing performance and avoiding high-cost downtime. IoT-equipped heaters are able to communicate with other plant equipment, forming a more integrated, automated industrial landscape. This technology provides for accurate process optimization, less energy loss, and anticipation of maintenance, contributing very much to operational efficiency and reliability in a wide range of industrial applications.
• Emphasis on Energy Efficiency and Waste Heat Recovery: There is a firm and increasing focus on optimizing energy efficiency as well as using waste heat recovery systems in process air heaters. Companies are looking for solutions that not only use less energy but also capture heat that would otherwise go to waste from other processes. Some of these technologies include recuperators and regenerators as part of air heater designs to heat incoming air using exhaust gases. The trend is necessitated by increasing energy prices as well as tighter environmental regulations to reduce carbon emissions. Highly effective systems yield substantial operating cost savings and help in achieving environmental sustainability, and as such, are becoming more attractive to industrial end-users.
• Customized and Application-Specific Solutions: The trend in the market is shifting towards providing highly customized and application-specific process air heater solutions. In place of generic heaters, companies are creating custom-designed systems that address the specific temperature needs, airflow rates, and environmental conditions of particular industrial processes. This trend addresses various industries like pharmaceuticals, food and beverages, automotive, and textiles with unique heating requirements. Customization provides maximum performance, energy efficiency, and product quality for specialized processes with the exact demands of numerous industrial operations and achieving better results than off-the-shelf products.
• Embracing Advanced Materials and Modular Designs: Embracing advanced materials and modular designs is yet another important trend. High-performance alloys and ceramics, which are able to withstand severe temperatures and corrosive conditions, are being used by manufacturers to increase the durability and life of process air heaters. Modular construction permits increased flexibility in installation, maintenance, and expandability, which facilitates industries to expand or reconfigure their heaters simply as their needs change. This trend brings advantages like a shorter installation time, easier maintenance, and increased system reliability, adding to general operating resilience and cost-effectiveness in industrial heat applications.

All these future trends are pooling together to redefine the process air heater market by driving it towards a more electrified, smart, energy-efficient, tailored, and resilient future. Electrification aims to decarbonize industrial heating while smart technologies and IoT are witnessing unprecedented levels of control and optimization. Energy efficiency, waste heat, and sustainable practices and cost savings result from this focus. Additionally, customization and the use of advanced, modular materials ensure that process air heaters are precisely tailored to diverse industrial needs with enhanced performance and a much longer lifespan. These tendencies are turning process air heaters into high-technology, and even critical, elements of contemporary industrial processes.

Recent Developments in the Process Air Heater Market

The process air heater industry has seen a wave of recent changes that mirror the overall industrial move towards higher efficiency, sustainability, and technocratic finesse. These innovations are pushed by a mix of robust environmental standards, rising energy prices, and growing demands for accurate temperature management in various processing and manufacturing sectors. Industries are pushing the boundaries on multiple fronts, ranging from material science to digital transformation, to provide solutions that not only satisfy existing industrial requirements but also look forward to future thermal process needs that will be cleaner and optimized. These innovations are changing the face of industrial heating essentially.

• Improved Energy Efficiency and Heat Recovery Systems: One major recent trend is the common usage of improved energy efficiency options and integrated heat recovery systems in process air heaters. Improved designs make use of sophisticated heat exchangers, insulation materials, and combustion technologies to reduce energy utilization and lower the costs of operation. Most of the systems now incorporate recuperators or regenerators that recover waste heat from exhaust gases to heat up incoming air, greatly enhancing overall thermal efficiency. This innovation is important for companies seeking to reduce their carbon footprint and meet sustainability objectives, making these heaters more desirable in a time of increasing energy costs and environmental awareness.
• Growth of Electric Process Air Heaters: The market is witnessing a significant increase in the increased use of electric process air heaters as a cleaner and more manageable option compared to fossil fuel-fired heaters. The change is being fueled by decarbonization initiatives and the growing availability of renewable electricity. Electric heaters provide better temperature control, quicker response times, and zero direct emissions, which make them the best choice for sensitive applications in pharmaceutical and food processing industries. Advancements in electric heating elements and power control systems have improved their efficiency and ability to manage high-temperature demands, making them an important solution for sustainable industrial heating.
• Convergence of Digital Controls and IoT Capabilities: Another important advancement is the widespread convergence of digital controls and Internet of Things (IoT) capabilities into process air heaters. Contemporary heaters are fitted with sophisticated sensors, programmable logic controllers, and communication capabilities that make remote monitoring, data logging, and predictive maintenance possible. This allows operators to optimize heating parameters, detect problems before they cause downtime, and streamline energy consumption in real-time. This innovation offers unprecedented levels of control, efficiency, and reliability that turn process air heaters into smart parts of industrial automation systems.
• High-Temperature and High-Pressure Solution Development: These developments also encompass the design of process air heaters that can work at ever-higher temperatures and pressures. This is necessitated by the need of highly specialized industrial processes in industries like petrochemical, ceramics, and manufacture of advanced materials, which need extreme thermal conditions. Fabricators are taking advantage of newer alloys, refractory lining materials, and novel design configurations to provide structural strength and safety of operation under such extreme conditions. Such development increases the scope for using process air heaters in more challenging industrial applications, extending the limits of thermal processing abilities.
• Modular and Custom Design Strategies: There is a movement towards increased customization and the use of modular design methods in the manufacture of process air heaters. Rather than standard pieces, firms are supplying bespoke solutions to exactly fit the specific requirements of a customer's process, such as particular airflow rates, temperature profiles, and spatial limitations. Modular designs facilitate easier installation, scalability, and maintainability, leading to reduced downtime and operational simplicity. This innovation assures industries with highly optimized heating solutions that smoothly integrate into their existing setups and are tailored to their specific production needs.

These new innovations are together contributing to the process air heater market by turning it into an even more technologically driven, energy-efficient, and environmentally friendly industry. The focus on greater efficiency and heat recovery is turning operations even more sustainable and cost-effective. The growth of electric heaters is aiding in decarbonization objectives, whereas IoT and digital controls are helping in smart, data-driven heat management. In addition, high-temperature solution capability and provision of tailored, modular designs are increasing the market's spread and flexibility, making process air heaters indispensable parts in contemporary industrial processes.

Strategic Growth Opportunities in the Process Air Heater Market

The process air heater market offers strong strategic growth opportunities across a wide variety of industrial applications. As businesses worldwide heighten their attention on operational efficiency, rigorous quality control, and environmental regulations, the demand for advanced and highly specialized air heat solutions is consistently rising. These opportunities arise both from the growth of established industrial sectors and from new technologies and production techniques that require precise and controlled thermal processing. The identification of these application areas enables market players to create focused strategies, encourage innovation, and take advantage of the changing industrial landscape to stimulate substantial market growth.

• Food and Beverage Processing: The food and beverage market presents significant growth potential for process air heaters due to rising automation, high hygiene requirements, and the requirement for accurate temperature control in drying, baking, and sterilization operations. Potential exists in creating food-grade, corrosion-free heaters that meet FDA compliance, which can provide clean and stable hot air for processes such as snack food manufacturing, grain drying, and fruit processing. The need for electric air heaters with high energy efficiency is especially pronounced in this industry to reduce contamination hazards and promote eco-friendly production methods, product quality, and safety while optimizing energy use.
• Automotive and Transport: Automotive and transport industries, especially in painting, drying, and curing operations, offer substantial growth opportunities. The changeover to electric vehicles also offers new requirements for battery production and thermal management processes. Strategic prospects involve supplying very efficient and accurately controlled process air heaters for paint booths to achieve consistent drying and curing of automotive coatings. Creation of specialized heaters for composite material manufacturing, utilized in lightweight automotive production, and thermal processes in battery manufacturing lines presents additional opportunities. Such applications necessitate high reliability and consistent operation to achieve very stringent quality control requirements and high volume production.
• Pharmaceutical and Biotechnology: Pharmaceuticals and biotechnology are key sectors for expansion, fueled by the demand for clean environments, exact control of temperatures in the production of drugs, and drying operations. Opportunities include designing ultra-clean process air heaters that are resistant to contamination and are compliant with strict regulations such as GMP (Good Manufacturing Practices). Demand is strong for electric heaters that provide contaminant-free hot air for powder drying, equipment sterilization, and controlled environments in cleanrooms. Increased investment in R&D and the construction of biopharmaceutical plant capacity worldwide will fuel continued demand for highly specialized and dependable heating.
• Textile and Non-Woven Manufacturing: The textile and non-woven sectors make wide use of process air heaters for drying, curing, and heat-setting processes. Growing prospects are driven by the rising demand for high-performing textiles and eco-friendly manufacturing processes. This involves supplying energy-saving air heaters with the ability to suit different types of fabric and finishing processes, allowing for even heat distribution to produce consistent product quality. Design and manufacture of specialized air heaters for niche non-woven production, like that in medical disposables and filtration media, also hold substantial potential, fueled by material science technological advancements and volume production increases.
• Chemical and Petrochemical Processing: Chemical and petrochemical industries are an important and growing area of application for process air heaters, especially catalytic reactions, drying, and heating gas. Opportunities for growth exist in the development of strong, explosion-proof, and corrosion-resistant heaters that can work effectively and safely within unsafe environments and at extreme temperatures. Solutions that provide precise temperature control for intricate chemical reactions, maximize energy use in large-scale processes, and meet strict safety standards are emphasized. The ongoing growth of these sectors and the demand for newer, more efficient plants will be driving consistent demand for advanced process air heaters.

These strategic opportunities for expansion are having a deep influence on the process air heater market by forcing manufacturers to innovate and specialize. The focus on food and beverage is driving demand for hygienic and precise solutions, while the automotive sector is pushing for efficiency in painting and new applications in EV manufacturing. Pharmaceuticals and biotechnology are demanding ultra-clean and highly controlled heaters. In textiles, the emphasis is on energy-efficient drying and curing, and in chemical and petrochemicals, the need is for robust, safe, and high-temperature systems. This application-driven need is broadening the market, developing market-specific technologies, and driving overall market growth.

Process Air Heater Market Driver and Challenges

The process air heater market is influenced by a complex mix of diverse technological, economic, and regulatory variables. Its direction is driven by some key drivers, frequently derived from a growing worldwide focus on industrial efficiency, sustainability, and occupational safety. At the same time, the market is faced with a unique set of issues, such as volatile raw material prices and the intricacies of marrying new technologies, which can slow its development. It is important that stakeholders fully comprehend these drivers and issues to effectively maneuver through the market scenario, tap opportunities, and avoid potential threats.

The factors responsible for driving the process air heater market include:

1. Growing Need for Energy Efficiency Solutions: One of the main driving forces for the process air heater industry is the increasing worldwide demand for energy-efficient industrial heating technologies. Companies are more concerned than ever before with lowering their operating expenses and minimizing their environmental impact. Recent process air heaters, particularly those that have advanced designs and heat recovery systems, provide substantial energy savings over more traditional forms of technology. This emphasis on efficiency is compounded by increasing energy costs and government incentives for environmentally friendly practice, which encourage companies to spend money on newer, more efficient heaters in different manufacturing and processing industries.

2. Binding Environmental Legislation and Decarbonization Targets: Increasing stringency of environmental law and global decarbonization targets are key drivers. Governments and international organizations are setting tighter emission limits, encouraging industries to switch to cleaner heating technologies. This is propelling the demand for electric process air heaters, heat pumps at high temperatures, and systems that can incorporate renewable energy, since they have zero or negligible direct emissions. Compliance needs and the need for corporate social responsibility are forcing industries to replace or upgrade their conventional fossil fuel-fired heaters with cleaner ones.

3. Growth in Manufacturing and Process Industries: One of the major market drivers is the relentless growth of manufacturing and process industry around the globe, especially in emerging economies. Growth sectors like food and beverages, pharmaceuticals, automotive, chemicals, and textiles require process air heating with high precision and reliability for a multitude of applications such as drying, curing, sterilizing, and processing materials. This industrial expansion directly translates to a heightened need for a variety of process air heaters to enable expanded production capabilities and new facility construction, establishing a strong and growing heating solutions market.

4. Technological Improvements and Automation Incorporation: Continued technological improvements in heater design, materials science, and controls are driving market expansion. Technologies involve the introduction of stronger and more efficient heating elements, high-performance insulation materials, and advanced digital controls with IoT functions. Integration of process air heaters in large industrial automation systems enables direct temperature control, real-time monitoring, and predictive maintenance. The technological advances in performance, reliability, and operational efficiency make contemporary process air heaters more desirable and indispensable for high-tech manufacturing and processing.

5. Increasing Awareness about Workplace Safety: There is also growing global awareness and focus on workplace safety propelling demand for safe and reliable process air heaters. Companies are acquiring equipment that is not only efficient but also reduces risks from high temperatures, flammable gases, or dangerous environments. This increases demand for heaters that incorporate advanced safety features like automatic shut-down, explosion-proof construction, and complete monitoring systems. Safety of employees and compliance with regulations are high priorities for companies, so in preference, businesses go for certified and inherently safer heating equipment.

Challenges in the process air heater market are:

1. High Initial Investment and Installation Costs: One of the biggest challenges to the market for process air heaters is the relatively high initial investment and installation prices of complicated and high-capacity systems. Although these heaters provide long-term energy savings and operating advantages, the initial capital investment may prove to be capital-intensive for small and medium enterprises (SMEs) or industries with thin capital budgets. This cost constraint can impede the uptake of newer, more efficient technologies, particularly when cheaper, although not as efficient, options exist, presenting a barrier to market penetration and far-reaching modernization.

2. Skilled Labor Shortage and Maintenance Complexity: As the complexity of process air heaters grows, especially those equipped with advanced smart technologies and sophisticated control systems, there are complications associated with the complexity of maintenance and the lack of skilled workers to perform them. Sophisticated heaters call for high-level expertise in installation, repair, and regular maintenance that might not be universally available in all locations or among all manufacturing plants. This causes more downtime, higher maintenance expenses, and poor performance if servicing is not properly done. Its solution is strong training programs and readily available technical support by manufacturers.

3. Unstable Raw Material Prices: Raw material prices, such as metals like nickel and chromium utilized in heating elements, and energy sources for production, being volatile pose an ongoing issue for the manufacturers of process air heaters. Changes in these prices can affect production costs, profit margins, and, in turn, the ultimate pricing of the heaters, rendering it hard for companies to have consistent pricing strategies and competitive marketing. Such uncertainty may extend to supply chain management and cause production delays or higher costs, thus affecting market stability and growth forecast.

The process air heater market is witnessing strong growth fueled by the un-denied requirement for energy-efficient systems, tough environmental rules promoting decarbonization, and ongoing growth in manufacturing and process industries. These factors are complemented by ongoing improvements in technology and increased focus on workplace safety. Nonetheless, the market is confronted with enormous challenges such as the high initial investment and installation costs, complexity of servicing highly sophisticated systems along with limited availability of qualified labor, and volatile fluctuations in raw material prices. Lastly, the direction of the market will depend on how well it can harness its mighty growth drivers to overcome these major challenges, along with driving innovation while guaranteeing affordability and operational feasibility.

List of Process Air Heater Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies process air heater companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the process air heater companies profiled in this report include-

• Thermal Equipment Corporation
• Watlow
• Korea Heating Technology
• Durex Industries
• Process Heating Company
• Vulcan Electric Company
• Apex Electric Heaters
• Honeywell
• Chromalox
• Simcool

Process Air Heater Market by Segment

The study includes a forecast for the global process air heater market by type, energy source, application, end use, and region.

Process Air Heater Market by Type [Value from 2019 to 2031]:

• Indirect Process
• Direct Process
• Forced

Process Air Heater Market by Energy Source [Value from 2019 to 2031]:

• Electric
• Gas
• Oil
• Biomass

Process Air Heater Market by Application [Value from 2019 to 2031]:

• Chemical Processing
• Food Processing
• Pharmaceuticals
• Metals & Mining
• Power Generation
• Others

Process Air Heater Market by End Use [Value from 2019 to 2031]:

• Industrial
• Commercial
• Residential

Country Wise Outlook for the Process Air Heater Market

The process air heater market is undergoing tremendous changes in response to a worldwide drive towards energy efficiency, decarbonization, and industrial automation. With industries from various industries making every effort to make their heating processes more efficient, lower their operational expenses, and meet ever-growing environmental regulations, the demand for efficient and green process air heaters is on the rise. These advances include technological advancements in heating technologies, smart control integration, and increasing focus on alternative energy sources, all of which mirror a global trend toward more efficient, productive, and eco-friendly industrial heating technologies across the globe.

• United States: In the US, recent trends in the process air heater industry are dominated by the quest for energy efficiency and the use of advanced materials. The trend is towards developing electric process air heaters to cut fossil fuel reliance in line with decarbonization targets. More specific temperature control and smart heating systems are in demand, frequently combined with plantwide automation for increased efficiency and lower operating costs. The market is also experiencing growth in custom-designed solutions for specialty industrial uses, especially in the chemical, pharmaceutical, and food processing industries, to meet stringent safety and quality regulations.
• China: China's market for process air heaters is witnessing strong growth, led by rapid industrialization, massive infrastructure projects, and the government's strong drive for energy efficiency and reduced emissions. Recent trends have seen escalating domestic manufacture of all manner of process air heaters, ranging from traditional electric and gas-fired types to more sophisticated heat pump systems for industry. The market is fostering high adoption of smart heating solutions featuring IoT capabilities for remote monitoring and smart energy management. Replacement efforts for older, less efficient heaters with new, green alternatives are a major trend with backing from national action plans to promote industrial heat pump production.
• Germany: The German process air heater market is dominated by a focus on high-quality engineering, energy efficiency, and compliance with strict European environmental laws. Emerging trends reflect a move towards electrification of industrial heating processes, with specific interest in high-temperature heat pumps and electric resistance heaters, to cut carbon emissions. Innovation is focused on the incorporation of process air heaters into overall energy management systems to maximize energy use and overall plant performance. The market is also experiencing high demand for bespoke solutions that provide accurate temperature control and high reliability for niche industrial applications, mirroring Germany's sophisticated manufacturing environment.
• India: India's process air heater market is growing fast, driven by the country's growing manufacturing industry, accelerated industrialization, and enhanced focus on energy conservation. Developments in recent times have seen a growing need for energy-efficient industrial heaters, triggered by government policies such as "Make in India" and Production Linked Incentive schemes. Adoption of automation and smart heating technology, such as IoT-enabled and AI-driven solutions for real-time monitoring and predictive maintenance, is gaining traction. Though conventional methods of heating are still common, there is a concerted move towards improved and more efficient process air heaters among industries such as chemicals, food processing, and pharmaceuticals to address changing operational and environmental requirements.
• Japan: The market for process air heaters in Japan is characterized by a widespread demand for highly efficient, compact, and state-of-the-art solutions. Current trends show a continued emphasis on decarbonization and energy savings, with more use of heat pumps in industry, such as CO2 heat pump water heaters, in order to minimize carbon footprints. Precise temperature control and integration with smart factory systems to maximize production processes are becoming increasingly demanded. Japanese producers are also focusing on the production of process air heaters with increased safety and longer lifespan, reflecting the country's high industrial dependability standards and environmental stewardship, especially in industries such as electronics, automotive, and chemicals.

Features of the Global Process Air Heater Market

• Market Size Estimates: Process air heater market size estimation in terms of value ($B).
• Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
• Segmentation Analysis: Process air heater market size by various segments, such as by type, energy source, application, end use, and region in terms of value ($B).
• Regional Analysis: Process air heater market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different types, energy sources, applications, end uses, and regions for the process air heater market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the process air heater market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the process air heater market by type (indirect process, direct process, and forced), energy source (electric, gas, oil, and biomass), application (chemical processing, food processing, pharmaceuticals, metals & mining, power generation, and others), end use (industrial, commercial, and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Market Overview

• 2.1 Background and Classifications
• 2.2 Supply Chain

3. Market Trends & Forecast Analysis

• 3.2 Industry Drivers and Challenges
• 3.3 PESTLE Analysis
• 3.4 Patent Analysis
• 3.5 Regulatory Environment

4. Global Process Air Heater Market by Type

• 4.1 Overview
• 4.2 Attractiveness Analysis by Type
• 4.3 Indirect Process: Trends and Forecast (2019-2031)
• 4.4 Direct Process: Trends and Forecast (2019-2031)
• 4.5 Forced: Trends and Forecast (2019-2031)

5. Global Process Air Heater Market by Energy Source

• 5.1 Overview
• 5.2 Attractiveness Analysis by Energy Source
• 5.3 Electric: Trends and Forecast (2019-2031)
• 5.4 Gas: Trends and Forecast (2019-2031)
• 5.5 Oil: Trends and Forecast (2019-2031)
• 5.6 Biomass: Trends and Forecast (2019-2031)

6. Global Process Air Heater Market by Application

• 6.1 Overview
• 6.2 Attractiveness Analysis by Application
• 6.3 Chemical Processing: Trends and Forecast (2019-2031)
• 6.4 Food Processing: Trends and Forecast (2019-2031)
• 6.5 Pharmaceuticals: Trends and Forecast (2019-2031)
• 6.6 Metals & Mining: Trends and Forecast (2019-2031)
• 6.7 Power Generation: Trends and Forecast (2019-2031)
• 6.8 Others: Trends and Forecast (2019-2031)

7. Global Process Air Heater Market by End Use

• 7.1 Overview
• 7.2 Attractiveness Analysis by End Use
• 7.3 Industrial: Trends and Forecast (2019-2031)
• 7.4 Commercial: Trends and Forecast (2019-2031)
• 7.5 Residential: Trends and Forecast (2019-2031)

8. Regional Analysis

• 8.1 Overview
• 8.2 Global Process Air Heater Market by Region

9. North American Process Air Heater Market

• 9.1 Overview
• 9.2 North American Process Air Heater Market by Type
• 9.3 North American Process Air Heater Market by End Use
• 9.4 United States Process Air Heater Market
• 9.5 Mexican Process Air Heater Market
• 9.6 Canadian Process Air Heater Market

10. European Process Air Heater Market

• 10.1 Overview
• 10.2 European Process Air Heater Market by Type
• 10.3 European Process Air Heater Market by End Use
• 10.4 German Process Air Heater Market
• 10.5 French Process Air Heater Market
• 10.6 Spanish Process Air Heater Market
• 10.7 Italian Process Air Heater Market
• 10.8 United Kingdom Process Air Heater Market

11. APAC Process Air Heater Market

• 11.1 Overview
• 11.2 APAC Process Air Heater Market by Type
• 11.3 APAC Process Air Heater Market by End Use
• 11.4 Japanese Process Air Heater Market
• 11.5 Indian Process Air Heater Market
• 11.6 Chinese Process Air Heater Market
• 11.7 South Korean Process Air Heater Market
• 11.8 Indonesian Process Air Heater Market

12. ROW Process Air Heater Market

• 12.1 Overview
• 12.2 ROW Process Air Heater Market by Type
• 12.3 ROW Process Air Heater Market by End Use
• 12.4 Middle Eastern Process Air Heater Market
• 12.5 South American Process Air Heater Market
• 12.6 African Process Air Heater Market

13. Competitor Analysis

• 13.1 Product Portfolio Analysis
• 13.2 Operational Integration
• 13.3 Porter's Five Forces Analysis
  • Competitive Rivalry
  • Bargaining Power of Buyers
  • Bargaining Power of Suppliers
  • Threat of Substitutes
  • Threat of New Entrants
• 13.4 Market Share Analysis

14. Opportunities & Strategic Analysis

• 14.1 Value Chain Analysis
• 14.2 Growth Opportunity Analysis
  • 14.2.1 Growth Opportunities by Type
  • 14.2.2 Growth Opportunities by Energy Source
  • 14.2.3 Growth Opportunities by Application
  • 14.2.4 Growth Opportunities by End Use
• 14.3 Emerging Trends in the Global Process Air Heater Market
• 14.4 Strategic Analysis
  • 14.4.1 New Product Development
  • 14.4.2 Certification and Licensing
  • 14.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures

15. Company Profiles of the Leading Players Across the Value Chain

• 15.1 Competitive Analysis
• 15.2 Thermal Equipment Corporation
  • Company Overview
  • Process Air Heater Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 15.3 Watlow
  • Company Overview
  • Process Air Heater Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 15.4 Korea Heating Technology
  • Company Overview
  • Process Air Heater Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 15.5 Durex Industries
  • Company Overview
  • Process Air Heater Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 15.6 Process Heating Company
  • Company Overview
  • Process Air Heater Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 15.7 Vulcan Electric Company
  • Company Overview
  • Process Air Heater Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 15.8 Apex Electric Heaters
  • Company Overview
  • Process Air Heater Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 15.9 Honeywell
  • Company Overview
  • Process Air Heater Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 15.10 Chromalox
  • Company Overview
  • Process Air Heater Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 15.11 Simcool
  • Company Overview
  • Process Air Heater Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing

16. Appendix

• 16.1 List of Figures
• 16.2 List of Tables
• 16.3 Research Methodology
• 16.4 Disclaimer
• 16.5 Copyright
• 16.6 Abbreviations and Technical Units
• 16.7 About Us
• 16.8 Contact Us