Thermax is an engineering company providing sustainable solutions in energy and environment, with products for heating, cooling, water and waste management, and specialty chemicals. The company also designs, builds and commissions large boilers for steam and power generation, turnkey power plants, industrial and municipal wastewater treatment plants, waste heat recovery systems and air pollution control projects. It is located in Pune, Maharashtra.
Missing: Thermax's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: Thermax's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Thermax has filed 12 patents.
Energy conversion, Heat exchangers, Fluid dynamics, Gas technologies, Energy recovery
Energy conversion, Heat exchangers, Fluid dynamics, Gas technologies, Energy recovery
Latest Thermax News
Jan 13, 2023
By product, the water-tube boiler segment has generated revenue share of 72% in 2022. By application, the chemical & petrochemicals segment has generated revenue share of 35% in 2022. By fuel type, the oil & gas segment has held revenue share of 39% in 2022. The water-tube boiler segment is poised to reach at a CAGR of 5.2% from 2022 to 2030. The fire-tube segment is poised to reach at a CAGR of 4.4% through 2022 to 2030. By technology, the non-condensing industrial boilers market is growing at a CAGR of 4.8% between 2022 to 2030. Regional Snapshot Europe dominated the global industrial boilers market, garnering a market share of around 37% in 2022. The European region is characterized by the rapid industrialization and rapid growth of the industries such as chemicals, textile, consumer goods, and food & beverages. The increased consumer awareness regarding the carbon emissions and other pollutants has forced the government to implement strict rules regarding the harmful industrial emissions. This has subsequently boosted the demand for the industrial boilers across the Europe. On the other hand, Asia Pacific is estimated to be the most opportunistic segment during the forecast period. This can be attributed to the rising government initiatives to attract FDIs. The presence of huge population is offering growth opportunities to the manufacturers of various industries like food & beverages, chemical, and textiles. The rising expansion policies of various manufacturers owing to the easy and cheap availability of factors of production is fostering the growth of the industrial boilers in the Asia Pacific region. Ask here for more customization study@ https://www.precedenceresearch.com/customization/1508 Scope of the Report Key Players AMEC Foster Wheeler PLC, Siemens AG, Thermax Limited, Harbin Electric Corporation, Bharat Heavy Electricals Limited, General Electric Company, Dongfang Electric Corporation Ltd., Babcock & Wilcox Enterprises, Inc., IHI Corporation, AC Boilers S.P.A and Others Market Dynamics Rising demand for the industrial boilers in the food processing and chemical industries The chemical and the food processing industries are among the major contributors to the GDP. The growing population and rising disposable income of the consumers is resulting in a surge in the demand for the various chemical, food, and FMCG products across the globe. This growing demand is expected to result in the expansion of the industries which will fuel the growth of the global industrial boilers market in the forthcoming future. Restraint High costs associated with the industrial boilers A huge capital investment is involved with the installation of the industrial boilers. The high cost of the boilers may restrict the manufacturers to delay the replacement of conventional boilers by repairing and maintaining the old boilers. Moreover, the lack of financial support with some of the manufacturers may hinder the adoption of the industrial boilers. Opportunity The developmental strategies adopted by the market players There are various developmental strategies adopted by the market players in order to gain competitive edge and gain market share. For instance, in May 2017, Mitsubishi Power Systems entered into a contract with the CEPC in Egypt, wherein, Mitsubishi will undertake the repairing activities related to the boilers. These type of strategies helps the market players to remain competitive in the market. Challenges Lack of proper infrastructure may restrict industrialization The lack of political stability, lack of proper policies, and inadequate infrastructure in the developed nations may restrict the growth of the industries. This may hamper the growth of the industrial boilers market during the forecast period. Related Reports Get Our Latest Press Releases@ https://www.precedenceresearch.com/press-releases Report Highlights Based on the type, the water tube segment dominated the global industrial boilers market in 2022. The increased demand for the water tube industrial boilers across the major industries such as the paper & pulp, chemical & petrochemical, and the food processing industries has significantly driven the growth of the water tube segment in the past years. Based on the application, the chemical & petrochemical segment dominated the global market in 2022. The huge demand for the chemical and petrochemical products such as alkali, chlorine, fertilizers, and pesticides has major contributions towards the growth of the chemical industry. The rising importance of chemical industry in the developing regions is expected to further fuel the demand for the industrial boilers in the chemical & petrochemical segment. Based on the fuel type, the oil & gas segment was the most dominant segment in 2022. This can be attributed to the easy availability of the oil & gas and its increased adoption as a source of energy across the globe. The huge adoption of oil & gas for generating energy in various industries has fostered the growth of this segment. Segments Covered in the Report By Type Immediate Delivery Available | Buy this Premium Research Report@ https://www.precedenceresearch.com/checkout/1508 You can place an order or ask any questions, please feel free to contact at email@example.com | +1 9197 992 333 About Us Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally. For Latest Update Follow Us:
Thermax Frequently Asked Questions (FAQ)
When was Thermax founded?
Thermax was founded in 1980.
Where is Thermax's headquarters?
Thermax's headquarters is located at 14 Mumbai-Pune Road, Wakdewadi, Pune.
Who are Thermax's competitors?
Competitors of Thermax include ECOSTP and 1 more.
Compare Thermax to Competitors
Ion Exchange is a water and environmental management company. It provides water treatment, liquid waste treatment and recycling, air pollution control, solid and hazardous waste management, and the generation of energy from waste. It also offers products and solutions to treat water, waste water, solid waste, and air, meeting the requirements of industries. It was founded in 1964 and is based in Mumbai, India.
CDD Society is a not-for-profit organization. It innovates, demonstrates, and disseminates decentralized nature-based solutions for the conservation, collection, treatment, and reuse of water resources and the management of sanitation facilities. Its services include technical solutions, capacity building, applied research, and knowledge publication dissemination. It serves the wastewater treatment, fecal sludge management, waterbody rejuvenation, and solid waste management sectors. It was founded in 2005 and is based in Bengaluru, India.
Indra focuses on the treatment of wastewater and the purification of industrial and chemical effluents by using advanced automation and analytics.
ECOSTP is a collective of global waste water consultants with deep expertise in solutions in sewage treatment. The ECOSTP technology offers a state of the art solution for on-site sewage treatment taking maximum advantage of natural processes to achieve a reliable and eco-friendly system. The technology works independent from power supply and daily surveillance, treating the sewage.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.