A recently published market research report by “Industry Research” confirms the Schwank Group as the global market leader in the field of infrared tube heaters. The study has examined the global market, taking into account the competitive environment, development trends, and key success factors. Titled “Radiant Tube Heaters Market,” the publication provides comprehensive research on the market size in terms of value, capacity, production, and revenue in key regions such as North America, Europe, China, as well as other regions.
The result of the study confirms Schwank as the leading manufacturer in the global dark tube heater systems market with a global market share of nearly 12% in 2018. The market concentration is relatively high, with the top five companies accounting for about 45% of the global total. The production share in Europe is 35%, according to the research report. According to its own data, Schwank leads the German market with a market share of around 40%, while the next largest competitor only realises approx. 20%.
The global tube heater market was estimated at USD 205.4 million in 2020 and is expected to reach around USD 296.4 million by the end of 2027, growing at a CAGR (Compound Annual Growth Rate) of 6.3% during 2022-2027.