The global thermal oil heaters market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The demand for electric, energy-efficient and environmentally friendly solutions has increased, leading to the growth of the market. Electric thermal oil heaters are becoming popular due to their clean and sustainable operation. Compared to traditional fuel-based heaters, electric heaters offer higher efficiency, lower emissions, and reduced maintenance costs. As businesses prioritize sustainability and energy conservation, the demand for electric thermal oil heaters is expected to rise further. Electric heaters are more efficient and precise in heating thermal fluids, and they only require electricity to function, reducing the cost of powering heaters and producing no emissions. Owing to increasing demand for electric and highly efficient thermal oil heaters market players such as Alfa Laval AB, Bosch Thermotechnik GmbH, Pirobloc, and others are adopting various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market and cater the demand of the market. For instance,
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• In October 2022, Pirobloc supplied a new electric thermal oil heater with a capacity of 1600 kW. The heater is designed for use in Oil & Gas Field and is ATEX execution. The electric thermal oil heater has a power range from 8 to 2500 kW and a low density of 3 W/cm2.
• In November 2021, Pirobloc supplied new thermal oil heaters with ultralow NOx. These heaters are designed to be highly efficient, with the potential to save up to 25% on fuel bills and reach an efficiency of 90%
• In October 2020, Pirobloc announced high- an efficient thermal oil heater. These heaters are designed to be highly efficient, with some models achieving up to 96% efficiency. This thermal oil heaters are designed to be used in a variety of industrial heating applications, such as in the chemical, pharmaceutical, and food industries.
Market Coverage
• The market number available for – 2023-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Includes Alfa Laval AB, Bosch Thermotechnik GmbH, Sigma Thermal Inc., Astec Industries, Inc., Thermax, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Thermal Oil Heaters Market Report Segment
By Type
By Application
Global Thermal Oil Heaters Market Report Segment by Region
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
• Latin America
• Middle East & Africa
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