Industrial Heaters Market was valued at US$ 1.74 Bn. in 2021 and it is expected to reach US$ 2.42 Bn. by 2029 at a CAGR of 4.2% during the forecast period.Industrial Heaters Market Overview:
Industrial heaters converts electrical or steam energy in a system to thermal energy for the closed environment or enclosed containers. The need for heat tracing of pipes, oil lubrication heating, and hot forging across various industry verticals in the manufacturing sector has propelled the demand for industrial heaters across the globe. Conduction, convection, or radiation type of heat transfer process is implemented by the heaters for safe and continuous feeding of heat into the furnace. The global industrial heaters market is expected to register approximately 4.2% CAGR during the forecast period owing to an increase in machine feeding and furnacing process.To know about the Research Methodology :- Request Free Sample Report
Global Industrial Heaters Market Dynamics:
Rising demand for energy consumption across manufacturing, oil and gas, and other sectors and energy efficiency demand for the same owing to pricing issues are the key demand drivers for the market. According to International Heavy Equipment Manufacturers Association, industrial heaters accounted for approximately 74% of total industrial manufacturing and process energy engineering. In addition, simplification of material conversion and a wide range of process and equipment engineering is driving the demand for products across the globe. High affordability and low price range of the industrial heaters are the key demand driver for the market. Moreover, a reduction in energy consumption offered by industrial heaters is considered to drive the demand for the product. Increasing inclination of manufacturers towards technology adoptions and automation in the equipment processing of electrical system maintenance is the key factor propelling the demand for the industrial heaters. Furthermore, increasing adoption of heaters in maintaining the furnace temperature in plastic industries is expected to boost the market growth. Increasing trend of energy-saving and reduction of operational cost among equipment manufacturers is boosting the demand for the product across the industrial sector. Modernization in heating of equipment and safe operation provided by the duct heaters and circulation heaters are expected to drive the growth of the market during the forecast period. More restraints and opportunities are covered in the report by considering the data of 2021 for a better understanding of the current market scenario. Moreover, the bottom-up approach is considered while analyzing the data from past years as well as forecast trends in the report making. The user is expected to be able to estimate the overall market dynamics from the report analysis.Global Industrial Heaters Market Segmentation:
Circulation Heaters Segment is dominating the Industrial Heaters Market: Circulation heaters segment was worth 700 million USD in the year 2021 owing to the compactness of the circulation heating for gases and fluids and considered ideal for applications of supercritical fluids, de-ionized water circulation, and inert gas circulation across semiconductor and electrical and electronics industries and general heating applications. In addition, increasing adoption of heat exchanging mechanism across the pulp and paper, Oil and gas purification, and other industries are the key demand driver for the segment. Duct heaters have dominated the market for more than 2 decades owing to high applications and advantages of the system in refining industries. However, duct heaters are now considered incapable for heating of warm wet rooms as stringent fire safety measures are implemented for the system making it costly and more prone towards periodic maintenance. Electricity Based Technology segment considered to increase adhesion in Industrial Heaters Market: Electric immersion and strip heaters are the dominating sub-segments in the market owing to optimization of heat transfer provided by electric heaters and the heater comes in direct contact with the fluid which is considered as the most efficient method for fluid and chemicals heating. Moreover, a variety of options available in the market for electric heaters and optimizable electric heating mechanism are driving the demand for the product. High risk associated with electric heaters in the application of heating of air and wet rooms are the key restraining factors hampering the demand for the market.Global Industrial Heaters Market Regional Insights:
North America is dominating the global Industrial Heaters market with approximately 38% market share owing to significant CAGR of equipment manufacturing across the region. Moreover, technological adoptions in chemical, oil and gas, plastic industries are driving the demand for the product. USA accounted for approximately 5% CAGR during the forecast period, owing to well-established electrification and semiconductor units industry in the USA and betterment of transportation capabilities across the region by the government. Recently, the USA government has invested approximately 100 billion USD for transportation relief in 2021 which is expected to propel regional growth. The Asia Pacific is estimated to position itself as the emergent region in the Industrial Heaters Market owing to well-established first copy manufacturing of engineering equipment across China. Besides, the increasing tendency of technical adoption by projecting players in the region is driving the regional growth in the market. In addition, increasing investment by regional governments of India, China, Japan, Korea, and other countries in oil and gas heating equipment manufacturing and process engineering across the region. Europe is considered to pose as projecting region in the market with a CAGR of approximately 5.2% during the forecast period. Factors attributing regional growth are growing demand for efficient engineering equipment across the region and adoption of technology in heating processes are the key demand drivers for the market. MEA and GCC countries are expected to propel in the market in terms of unit consumption as governments in the regions of Africa and GCC are strongly adopting the Industrial Heaters owing to high manufacturing capabilities across the regions and improvement in oil and gas infrastructure in Saudi countries. The objective of the report is to present a comprehensive analysis of the Global Industrial Heaters Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Industrial Heaters Market dynamics, structure by analyzing the market segments and project the Global Industrial Heaters Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Industrial Heaters Market make the report investor’s guide.Global Industrial Heaters Market Scope: Inquire before buying
Global Industrial Heaters Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.74 Bn. Forecast Period 2022 to 2029 CAGR: 4.2% Market Size in 2029: US $ 2.42 Bn. Segments Covered: by Product • Pipe heaters • Immersion heaters • Duct heaters • Cartridge heaters • Circulation heaters by Technology • Electric based • Steam-based • Hybrid based by End User • Chemical industry • Oil and gas industry • Plastic industry • Food and beverages industry Industrial Heaters Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Industrial Heaters Market, Key Players are:
• Wattco • Powermatic Ltd. • Excel Heaters • Elmatic Ltd. • Watlow Electric Manufacturing Co. • Winterwarm • Dragon Power Electric Co. Ltd. • Vijay Heat Industries • Auzhan Electric Appliances • Kantilal Chunilal and Sons Ltd. • Ingersoll Rand PLC • Uponor Corporation • Honeywell international, Inc. • Schneider Electric • Johnson Controls • Emerson Electric Co. • Nortek, Inc. • Siemens AG • Lennox • Robert Bosch GmbH • EXHEAT • Chromalox • Omron • TPI CorporationFAQs:
1. What was the global Industrial Heaters Market share in 2021? Ans: Approximately, 1.74 Billion USD. 2. Which End User segment is leading the Industrial Heaters Market? Ans: Oil and Gas industrial segment is dominating the market owing to increasing adoption and excavation processes across te North America and European regions and much needed infrastructure for the oil and gas production across the globe. 3. Who are the top companies in Global Industrial Heaters Market? Ans: Wattco, Powermatic Ltd., Excel Heaters, Elmatic Ltd., Watlow Electric Manufacturing Co., Winterwarm, Dragon Power Electric Co. Ltd., Vijay Heat Industries, Auzhan Electric Appliances, Kantilal Chunilal and Sons Ltd., Ingersoll Rand PLC,U ponor Corporation, Honeywell international, Inc., and others. 4. Which region is dominating the Industrial Heaters Market? Ans: North America is leading the global Industrial Heaters market with approximately 38% market share owing to technological adoptions in chemical, oil and gas, plastic industries in the region. 5. What is the key driving factor for the growth of the Global Industrial Heaters Market? Ans: Rising demand for energy consumption across manufacturing, oil and gas and other sectors and energy efficiency demand for the same are the key driving factors for the product demand in the market.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Industrial Heaters Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Industrial Heaters Size Market 3.4. Geographical Snapshot of the Industrial Heaters Market, By Manufacturer share 4. Global Industrial Heaters Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Technologies 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Industrial Heaters Market 5. Supply Side and Demand Side Indicators 6. Global Industrial Heaters Market Analysis and Forecast, 2021-2029 6.1. Global Industrial Heaters Market Size & Y-o-Y Growth Analysis. 7. Global Industrial Heaters Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 7.1.1. Pipe heaters 7.1.2. Immersion heaters 7.1.3. Duct heaters 7.1.4. Cartridge heaters 7.1.5. Circulation heaters 7.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 7.2.1. Electric based 7.2.2. Steam based 7.2.3. Hybrid based 7.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 7.3.1. Chemical industry 7.3.2. Oil and gas industry 7.3.3. Plastic industry 7.3.4. Food and beverages industry 8. Global Industrial Heaters Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Industrial Heaters Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 9.1.1. Pipe heaters 9.1.2. Immersion heaters 9.1.3. Duct heaters 9.1.4. Cartridge heaters 9.1.5. Circulation heaters 9.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 9.2.1. Electric based 9.2.2. Steam based 9.2.3. Hybrid based 9.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 9.3.1. Chemical industry 9.3.2. Oil and gas industry 9.3.3. Plastic industry 9.3.4. Food and beverages industry 10. North America Industrial Heaters Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Industrial Heaters Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 11.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 12. Canada Industrial Heaters Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 12.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 13. Mexico Industrial Heaters Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 13.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 14. Europe Industrial Heaters Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 14.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 15. Europe Industrial Heaters Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Industrial Heaters Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 16.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 17. France Industrial Heaters Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 17.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 18. Germany Industrial Heaters Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 18.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 19. Italy Industrial Heaters Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 19.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 20. Spain Industrial Heaters Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 20.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 21. Sweden Industrial Heaters Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 21.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 22. CIS Countries Industrial Heaters Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 22.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 23. Rest of Europe Industrial Heaters Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 23.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 24. Asia Pacific Industrial Heaters Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 24.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 25. Asia Pacific Industrial Heaters Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Industrial Heaters Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 26.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 27. India Industrial Heaters Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 27.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 28. Japan Industrial Heaters Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 28.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 29. South Korea Industrial Heaters Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 29.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 30. Australia Industrial Heaters Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 30.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 31. ASEAN Industrial Heaters Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 31.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 32. Rest of Asia Pacific Industrial Heaters Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 32.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 33. Middle East Africa Industrial Heaters Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 33.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 34. Middle East Africa Industrial Heaters Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Industrial Heaters Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 35.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 36. GCC Countries Industrial Heaters Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 36.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 37. Egypt Industrial Heaters Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 37.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 38. Nigeria Industrial Heaters Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 38.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 39. Rest of ME&A Industrial Heaters Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 39.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 40. South America Industrial Heaters Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 40.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 41. South America Industrial Heaters Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Industrial Heaters Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 42.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 43. Argentina Industrial Heaters Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 43.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 44. Rest of South America Industrial Heaters Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Technology, 2021-2029 44.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Industrial Heaters Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Wattco 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Powermatic Ltd. 45.3.3. Excel Heaters 45.3.4. Elmatic Ltd. 45.3.5. Watlow Electric Manufacturing Co. 45.3.6. Winterwarm 45.3.7. Dragon Power Electric Co. Ltd. 45.3.8. Vijay Heat Industries 45.3.9. Auzhan Electric Appliances 45.3.10. Kantilal Chunilal and Sons Ltd. 45.3.11. Ingersoll Rand PLC 45.3.12. Uponor Corporation 45.3.13. Honeywell international, Inc. 45.3.14. Schneider Electric 45.3.15. Johnson Controls 45.3.16. Emerson Electric Co. 45.3.17. Nortek, Inc. 45.3.18. Siemens AG 45.3.19. Lennox 45.3.20. Robert Bosch GmbH 45.3.21. EXHEAT 45.3.22. Chromalox 45.3.23. Omron 45.3.24. TPI Corporation 46. Primary Key Insights