Guidehouse Research Estimates Global Market for Industrial Electric Heating Will Grow to Over $30 Billion by 2033
BOULDER, Colo., July 30, 2025 /PRNewswire/ -- A new report from Guidehouse Research examines the global market for electric heating capacity additions and equipment revenue for high temperature industrial processes.
Approximately half of industrial heat demand is for thermal processes that operate at temperatures above 400°C. These processes typically occur in hard-to-abate sectors such as iron and steel, basic chemicals, cement and lime, nonferrous metals, and glass production, all of which rely on fossil fuel combustion to supply most of their thermal energy needs. According to a new report from Guidehouse Research, annual electric heating capacity additions for high temperature industrial processes are expected to increase globally from 4,136 MW in 2024 to 9,482 MW in 2033, rising at a compound annual growth rate (CAGR) of 9.7%. Revenue over the same period is expected to grow from $11.3 billion to $30.6 billion, representing a CAGR of 11.7%.
"Approaches to decarbonizing high temperature heat have often focused on combustion-based pathways such as carbon capture, hydrogen, or biomass," says Peter Marrin, principal research analyst with Guidehouse Research. "However, a growing body of evidence suggests that electrification of high temperature processes will be a key driver of industrial decarbonization. Beyond existing applications, pilot and demonstration projects in cement, chemicals, and other sectors have shown that technically, electrification could satisfy a much greater share of industrial heat demand than it does today."
Advantages of direct electrification for heavy industry include improvements to process efficiency, significant reductions in energy-related emissions when using low carbon electricity sources, and lower maintenance costs. Important co-benefits from electrification include potential contributions to grid flexibility and improvements to achievable carbon capture rates for unavoidable process emissions. On the other hand, the gap between electricity and fossil fuel prices paid by energy-intensive industries remains a major challenge—as does the long lifetime of industrial assets and the sophistication of their production processes, which consist of multiple integrated heating stages with complex interactions between material and energy flows, according to the report.
The report, Electrification of High Temperature Heat, provides market report analyses for electric heating capacity additions and equipment revenue for high temperature industrial processes from 2024 through 2033. An executive summary of the report is available for free download on the Guidehouse Research website.
About Guidehouse ResearchGuidehouse Research, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our research is built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Research can be found at guidehouseresearch.com.
About GuidehouseGuidehouse is a global AI-led professional services firm delivering advisory, technology, and managed services to the commercial and government sectors. With an integrated business technology approach, Guidehouse drives efficiency and resilience in the healthcare, financial services, energy, infrastructure, and national security markets. Built to help clients across industries outwit complexity, the firm brings together approximately 18,000 professionals to achieve lasting impact and shape a meaningful future. guidehouse.com
* The information contained in this press release concerning the report, Electrification of High Temperature Heat, is a summary and reflects the current expectations of Guidehouse Research based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Research nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse Research+1.646.941.9139cfradkin@scprgroup.com
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