Andritz AG

The global industrial process heating market is projected to grow from USD 13.36 billion in 2026 to USD 17.47 billion by 2032, a compound annual growth rate of 4.6%. Growth is driven by demand for energy-efficient, low-emission heating systems in industries such as metals, chemicals, oil and gas, and food and beverage. Within the gas-powered segment, burners are expected to grow at the highest rate, while the chemical industry is set to dominate gas-powered heating demand. Europe holds a significant share of the gas-powered process heating market, led by countries like Germany and France. Key players include Honeywell International, Siemens, Emerson, and ANDRITZ.