Europe Industrial Electric Heating Equipment Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
Description
The Europe Industrial Electric Heating Equipment Market was valued at USD 1.9 billion in 2024 and is estimated to grow at a CAGR of 8.6% to reach USD 4.4 billion by 2034.
Europe is firmly committed to achieving carbon neutrality in the coming decades, with ambitious targets set by the European Union to drastically reduce greenhouse gas emissions drastically. This commitment is fueling a broad transition away from fossil fuel-based energy sources toward cleaner, more sustainable alternatives. Industrial sectors are increasingly turning to electric heating technologies as a viable solution.
Rising Demand for Heat Pump
The heat pump segment will grow at a decent CAGR during 2025-2034, driven by its superior energy efficiency and ability to operate across various temperature ranges. Heat pumps offer a sustainable solution for industries aiming to cut emissions and reduce long-term energy costs. With increasing regulatory pressure to phase out fossil fuel-based systems, industries are shifting toward electric heat pump technologies that can be powered by renewable energy.
Retail to Gain Traction
The retail segment generated substantial revenues in 2024, driven by space heating, climate control, and energy-efficient operations in warehouses and large retail spaces. With heightened awareness around sustainability and rising energy costs, retail chains are investing in electric heating solutions to align with environmental standards and lower their carbon footprint.
Increasing Adoption in Chemical
The chemical segment held a significant share in 2024, backed by precise temperature control and process reliability. The chemical segment represents a high-value share of the industrial electric heating equipment market due to its constant demand for high-performance heating systems used in reactors, distillation units, and drying processes.
France to Emerge as a Lucrative Region
France industrial electric heating equipment market held a notable share in 2024, propelled by the country's commitment to clean energy transitions and industrial modernization. With strong government incentives and support for electrification, industries in France are rapidly adopting electric heating solutions to replace aging, carbon-intensive systems. Domestic and international manufacturers are targeting the French market with localized product offerings, smart control systems, and energy-efficient technologies to comply with national energy policies and sustainability goals.
Major players in the Europe industrial electric heating equipment market are Fulton, Mitsubishi Heavy Industries, Swegon, Siemens Energy, GIG Karasek, Johnson Controls International, Trane Technologies, EBNER, Condorchem Enviro Solutions, Clayton Industries, Robert Bosch, Groupe Atlantic, Atlas Copco, IHI Corporation, Carrier, Emerson Electric, DAIKIN INDUSTRIES, Tenova, Chart Industries, MAN Energy Solutions, and Chromalox.
To strengthen their market foothold in the Europe industrial electric heating equipment market, leading companies are focusing on a mix of product innovation, strategic partnerships, and localization. Many firms are investing in R&D to develop compact, energy-efficient, and application-specific electric heating systems that meet evolving regulatory and operational needs. Strategic alliances with industrial automation providers are enabling companies to offer integrated solutions with IoT and smart control capabilities.
Europe is firmly committed to achieving carbon neutrality in the coming decades, with ambitious targets set by the European Union to drastically reduce greenhouse gas emissions drastically. This commitment is fueling a broad transition away from fossil fuel-based energy sources toward cleaner, more sustainable alternatives. Industrial sectors are increasingly turning to electric heating technologies as a viable solution.
Rising Demand for Heat Pump
The heat pump segment will grow at a decent CAGR during 2025-2034, driven by its superior energy efficiency and ability to operate across various temperature ranges. Heat pumps offer a sustainable solution for industries aiming to cut emissions and reduce long-term energy costs. With increasing regulatory pressure to phase out fossil fuel-based systems, industries are shifting toward electric heat pump technologies that can be powered by renewable energy.
Retail to Gain Traction
The retail segment generated substantial revenues in 2024, driven by space heating, climate control, and energy-efficient operations in warehouses and large retail spaces. With heightened awareness around sustainability and rising energy costs, retail chains are investing in electric heating solutions to align with environmental standards and lower their carbon footprint.
Increasing Adoption in Chemical
The chemical segment held a significant share in 2024, backed by precise temperature control and process reliability. The chemical segment represents a high-value share of the industrial electric heating equipment market due to its constant demand for high-performance heating systems used in reactors, distillation units, and drying processes.
France to Emerge as a Lucrative Region
France industrial electric heating equipment market held a notable share in 2024, propelled by the country's commitment to clean energy transitions and industrial modernization. With strong government incentives and support for electrification, industries in France are rapidly adopting electric heating solutions to replace aging, carbon-intensive systems. Domestic and international manufacturers are targeting the French market with localized product offerings, smart control systems, and energy-efficient technologies to comply with national energy policies and sustainability goals.
Major players in the Europe industrial electric heating equipment market are Fulton, Mitsubishi Heavy Industries, Swegon, Siemens Energy, GIG Karasek, Johnson Controls International, Trane Technologies, EBNER, Condorchem Enviro Solutions, Clayton Industries, Robert Bosch, Groupe Atlantic, Atlas Copco, IHI Corporation, Carrier, Emerson Electric, DAIKIN INDUSTRIES, Tenova, Chart Industries, MAN Energy Solutions, and Chromalox.
To strengthen their market foothold in the Europe industrial electric heating equipment market, leading companies are focusing on a mix of product innovation, strategic partnerships, and localization. Many firms are investing in R&D to develop compact, energy-efficient, and application-specific electric heating systems that meet evolving regulatory and operational needs. Strategic alliances with industrial automation providers are enabling companies to offer integrated solutions with IoT and smart control capabilities.
Table of Contents
165 Pages
- Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.1.3 Base estimates and calculations
- 1.1.4 Base year calculation
- 1.1.5 Key trends for market estimates
- 1.2 Forecast model
- 1.3 Primary research and validation
- 1.4 Some of the primary sources (but not limited to)
- 1.5 Data mining sources
- 1.5.1 Secondary
- 1.5.1.1 Paid sources
- 1.5.1.2 Public sources
- 1.5.1.3 Sources, by country
- 1.6 Market definitions
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2034
- 2.2 Business trends
- 2.3 Technology trends
- 2.4 Application trends
- 2.5 Channel trends
- 2.6 Country trends
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Raw material availability & sourcing analysis
- 3.1.2 Manufacturing capacity assessment
- 3.1.3 Supply chain resilience & risk factors
- 3.1.4 Distribution network analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
- 3.6.1 Political factors
- 3.6.2 Economic factors
- 3.6.3 Social factors
- 3.6.4 Technological factors
- 3.6.5 Legal factors
- 3.6.6 Environmental factors
- 3.7 Cost structure analysis of industrial electric heating equipment
- 3.8 Price trend analysis (USD/Unit)
- 3.8.1 By technology
- 3.8.2 By application
- 3.9 Future market outlook & emerging opportunities
- 3.10 Technology trends & innovations
- 3.10.1 Digitalization and IoT integration
- 3.10.2 Advanced materials & durability improvements
- Chapter 4 Competitive Landscape, 2025
- 4.1 Introduction
- 4.2 Company market share analysis, by country, 2024
- 4.2.1 France
- 4.2.2 UK
- 4.2.3 Poland
- 4.2.4 Italy
- 4.2.5 Spain
- 4.2.6 Austria
- 4.2.7 Germany
- 4.2.8 Sweden
- 4.2.9 Russia
- 4.3 Strategic dashboard
- 4.4 Strategic initiatives
- 4.4.1 Major M&A activities
- 4.4.2 Key partnerships and collaborations
- 4.4.3 Product innovations and launches
- 4.4.4 Market expansion strategies
- 4.5 Competitive benchmarking
- 4.6 Innovation & technology landscape
- Chapter 5 Market Size and Forecast, By Technology, 2021 - 2034 (USD Million & Units)
- 5.1 Key trends
- 5.2 Heat pump
- 5.3 Electric boiler
- 5.4 Electric furnace
- 5.5 Mechanical steam compressor
- 5.6 Others
- Chapter 6 Market Size and Forecast, By Application, 2021 - 2034 (USD Million & Units)
- 6.1 Key trends
- 6.2 Food processing
- 6.3 Pulp & paper
- 6.4 Chemical
- 6.5 Refinery
- 6.6 Primary metal
- 6.7 Others
- Chapter 7 Market Size and Forecast, By Channel, 2021 - 2034 (USD Million & Units)
- 7.1 Key trends
- 7.2 Online
- 7.3 Dealer
- 7.4 Retail
- Chapter 8 Market Size and Forecast, By Country, 2021 - 2034 (USD Million & Units)
- 8.1 Key trends
- 8.2 France
- 8.3 UK
- 8.4 Poland
- 8.5 Italy
- 8.6 Spain
- 8.7 Austria
- 8.8 Germany
- 8.9 Sweden
- 8.10 Russia
- Chapter 9 Company Profiles
- 9.1 ANDRITZ
- 9.2 Atlas Copco
- 9.3 Carrier
- 9.4 Chart Industries
- 9.5 Chromalox
- 9.6 Clayton Industries
- 9.7 Condorchem Enviro Solutions
- 9.8 DAIKIN INDUSTRIES
- 9.9 EBNER
- 9.10 Emerson Electric
- 9.11 Fulton
- 9.12 GIG Karasek
- 9.13 Groupe Atlantic
- 9.14 IHI Corporation
- 9.15 Johnson Controls International
- 9.16 MAN Energy Solutions
- 9.17 MITSUBISHI HEAVY INDUSTRIES
- 9.18 Robert Bosch
- 9.19 Siemens Energy
- 9.20 Swegon
- 9.21 Tenova
- 9.22 Trane Technologies
Pricing
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