The global industrial thermal oil heater market was valued at $5.5 billion in 2024 and is estimated to grow at a stable CAGR from 2025 to 2034, driven by increasing demand across many application areas according to Global Market Insights. The growing applications of thermal heaters across industries have expanded the scope for manufacturers globally. Data reveals that efficient industrial heating systems are economically viable and contribute to growth by reducing operational costs.
However, clients face challenges when procuring industrial heating systems from manufacturers. Manufacturers must understand all the required parameters and provide their clients with the best quality product within an approved budget. Maintenance requirements are also important in this regard as clients may incur annual expenses that add up to the operational cost of the machinery.
Hibachi Engineering understands client requirements from the core and provides industrial heating systems for different industries that not only fit within the client’s budget but also help reduce net operational costs. They have expertise in using biomass as a heating source for energy-savvy industries. Their solutions have been adopted by large industrial users from polyester, chemical, and wood processing industries across India.
The company manufactures products to meet customers' needs. Customer process requirements become a critical criteria for designing heating systems.
Their systems are unique, differing from standard systems used by others. Mahesh and his team believe in delivering better products and ensuring lower OPEX for customers by providing seamless tubes instead of ERW tubes for thermal oil heaters. “We suggest a minimum thickness of 3.66 mm for tubes and provide an external heat recovery unit (APH) to ensure lower OPEX for users”, mentioned Mahesh Dattatray Juwatkar, Director, Hibachi Engineering.
Engineering Excellence
Hibachi Engineering provides heating systems that can provide efficiencies close to 95 percent, thus ensuring every drop of fuel/gas is utilized, and heat is absorbed and transferred for process heating. The company can manufacture large thermal oil heaters using biomass as fuel, thus ensuring carbon-neutral heat generation. “We have supplied a 12 Mn kcal heater to INDORAMA for their plants in Thailand and Panipat. The major challenge with biomass is it clogs the heater within a few days. We have adopted a design which is giving 80-85 days of continuous availability of the heater before cleaning can be done”, stated Mahesh.
It is an ISO 9001:2015 certified company, and its welders are qualified by TUV India. It follows best manufacturing practices, as they have WPS/PQR for welding/manufacturing. The company sometimes takes help from third-party inspection service providers for all its export jobs. Its production machinery is imported from Europe for manufacturing large heaters, and hence, it is preferred by some OEMs due to the quality of the finished product.
Hibachi Engineering provides heating systems that achieve efficiencies close to 95 percent, ensuring every drop of fuel or gas is utilized, and heat is efficiently transferred for process heating
“We work with glove manufacturers, polyester plant manufacturers, food processing plant manufacturers, textile plants, and chemical plants, which are the industries that need heating solutions. We have primarily worked with glove and polyester plants. These are the industries where heating requirements exceed 10 MW, and there are very few good manufacturers who have the capabilities to manufacture large heaters in India”, Mahesh added.
Future Endeavours
Hibachi Engineering has already procured MIDC land in Mahad 5-star MIDC, and their manufacturing will start within another 12 months. The company is currently supplying equipment in Thailand, Malaysia, and Indonesia, and shortly, it plans to start supplying to the Philippines and Africa. “We have been a profitable company since 2018-19. We plan to tap the capital markets through an SME IPO in another two years to fund our future growth and expansion”, concluded Mahesh.
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