Heatmaster BV
Heatmaster BV is a Dutch engineering firm that designs and manufactures custom thermal oil, hot water, and steam heating systems for marine vessels and industrial clients. Operating from the Netherlands with a wholly-owned factory in China and offices in Shanghai and Spain, the company serves shipowners and shipyards globally, with an installed base of over 1,000 ships.
- Company typePrivate
- Founded2003
- HeadquartersHendrik-Ido-Ambacht, Netherlands
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Heatmaster BV does
Heatmaster BV is a privately held Dutch engineering and manufacturing company founded in 2002/2003 and headquartered in Hendrik-Ido-Ambacht near the Port of Rotterdam. The company designs and produces tailor-made thermal heating systems based on three heating media — thermal oil, hot water, and steam — for marine vessels and industrial applications such as power plants. System capacities range from 100 kW to 20,000 kW per thermal oil heater, with marquee projects including 30 MW Arctic heating systems for Novatek/Sovcomflot Arc7 LNG carriers, void space heating for 14 CMA CGM LNG-fueled container vessels, and hot water boilers for Heerema's Sleipnir crane vessel. Specialized offerings include dual-fuel burners with Gas Combustion Unit (GCU) functionality, Organic Rankine Cycle (ORC) waste heat-to-power units in 120kW and 220kW sizes, exhaust gas economisers, modular carbon capture integration, and cold ironing-compatible electric heating.
The business operates a hybrid Dutch-Chinese model: design, engineering, and sales authority sit in the Netherlands, while wholly-owned Heatmaster (Nantong) Boiler Co., Ltd. — ISO 9001:2015 and CCS-certified — handles manufacturing in Nantong, China, employing roughly 50 people. The company sells primarily through direct enterprise field sales managed by CCO Pieter Borg, supplemented by wholly-owned regional offices in Shanghai (managed by Richard Guo) and A Coruña, Spain (Heatmaster Engineering S.L., led by Victor Rey), and a network of agents in Australia, Greece, Italy, South Korea, Turkey, and Russia. Approximately 60–70% of revenue is generated in Asia, with Chinese shipyards as anchor customers.
Heatmaster monetizes via custom-engineered system sales, spare parts, and 24/7 service contracts across a global installed base of over 1,000 ships. Pricing is per-project and not publicly disclosed. The company carries certifications from DNVGL, Bureau Veritas, Lloyd's Register, ABS, CCS, NK, RINA, and RMRS classification societies, which collectively form a meaningful regulatory barrier in maritime heating. The company is privately held by management (Managing Director Miki Hua, Director Gert van den Hof, CCO Pieter Borg), with no disclosed institutional investors or funding rounds. Recent strategic activity centers on the maritime decarbonization theme: joining the ME2CC carbon capture consortium (January 2025), launching ORC power-from-waste-heat products, sponsoring the Green Shipping Summit 2025, and investing in a new headquarters facility in Hendrik-Ido-Ambacht with construction starting after summer 2025.
Heatmaster BV firmographics
Firmographics- Name
- Heatmaster BV
- Legal name
- Heatmaster B.V.
- Website
- https://heatmaster.nl
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Heatmaster BV is a Dutch engineering firm that designs and manufactures custom thermal oil, hot water, and steam heating systems for marine vessels and industrial clients. Operating from the Netherlands with a wholly-owned factory in China and offices in Shanghai and Spain, the company serves shipowners and shipyards globally, with an installed base of over 1,000 ships.
- Ownership category
- akta.pro rank
Heatmaster BV industry classification
Industry- Product category
- Marine and Industrial Heating Systems
- NAICS
- Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Power Boiler and Heat Exchanger Manufacturing (33241), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Heating Equipment, Except Electric & Warm Air Furnaces (3433)
- akta.pro primary industry
- Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC)
- akta.pro secondary industries
- Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Propulsion Cooling, Lubrication & Auxiliaries (Pumps, heat exchangers, filters) (IMAJAHAL)
Keywords
Where Heatmaster BV is headquartered
LocationHeadquarters
- HQ city
- Hendrik-Ido-Ambacht
- HQ country
- Netherlands
- HQ region
- Europe
Offices4 records
Markets served
Heatmaster BV business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Custom Heating System Sales: Heatmaster designs and manufactures bespoke thermal oil, hot water, and steam heating systems for marine and industrial applications. Each system is custom-tailored with optimal heating and cost efficiency for the specific application. Revenue is generated from system sales to ship owners, shipyards (newbuilds), and industrial clients. Capacities range from 100kW to 20,000kW per thermal oil heater.
- Spare Parts and After-Sales Service: Heatmaster stocks a wide range of common spare parts and provides 24/7 emergency service. Parts include burners (Heatmaster, Elco, Oilon, Saacke, Weishaupt), pumps (Allweiler, Azcue, Grundfos, KSB, Kral, Kracht), heaters (Heatmaster, Aalborg, Viessmann, Wiesloch), valves, heat exchangers, electronic equipment, sensors, and gauges. After-sales/spare parts contact is [email protected].
- Service, Maintenance and Repairs: Maintenance, parts, and repair services provided globally through worldwide service network and support points. Available 24 hours a day, 7 days a week for emergency support.
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
Heatmaster BV product offering
Product offeringCore offering
Heatmaster conceives, designs, and produces tailor-made thermal heating systems for marine and industrial applications, using thermal oil, hot water, or steam as the heating medium. The company engineers complete turnkey systems with capacities ranging from 100kW to 20,000kW per heater, including waste heat recovery, ORC power generation, dual-fuel burners, void space heating for LNG vessels, and integration with carbon capture systems. Each system is custom-engineered based on detailed heat balance calculations and 2D/3D design drawings to optimize performance for specific vessel or industrial applications.
Product overview
Heatmaster BV designs, engineers, and manufactures thermal heating systems for marine and industrial applications. The company operates as a single unified product business focused on heating solutions, offering three primary heating media: thermal oil, hot water, and steam systems. The product portfolio centers on a core heating system offering that can be customized through various add-on modules and components. Key products include Thermal Oil Heating Systems (capacities 100kW-20,000kW), Hot Water Boiler Systems, and Steam Generators, all designed for specific maritime or industrial applications. These core systems are complemented by Waste Heat Recovery Systems and Organic Rankine Cycle (ORC) systems for power generation from waste heat, Void Space Heating Systems for LNG vessels, Sanitary Water Systems, and Economizers. The company provides complete turnkey solutions including Custom Design 2D/3D services, Heat Balance Calculations, and spare parts/maintenance support. Special focus areas include cold ironing/shore power compatible systems, dual fuel burners (LNG, methanol, low sulfur fuels), and modular carbon capture systems for maritime decarbonization.
Differentiator
Problem solved
Functional benefit
Products and services
- Thermal Oil Heating Systems Custom thermal oil heating systems for marine and industrial applications with capacities from 100kW to 20,000kW per heater, used for cargo heating, tank cleaning water heating, and engineroom heating. Thermal oil is used because it does not freeze.
- Hot Water Heating Systems Custom hot water boiler systems for marine applications, including hot water storage for fuel efficiency. Often combined with economisers using exhaust gases from engines for heat recovery.
- Steam Generator Systems Steam generation systems for maritime applications including tank control systems and secondary heating, integrated with other heating solutions.
- Maritime Heating Solutions Tailor-made heating systems for all ship types including inland shipping, short sea, seafaring, and offshore vessels. Includes tank control systems, steam generators, secondary heating systems, sanitary water systems, and deck heating integration.
- Industrial Heating Systems Heating systems for industrial applications including power plants, often located in remote areas with heavy operating conditions. Complete package designed to minimize on-site installation work, with thermal oil systems for fuel oil preheating and exhaust gas economisers for waste heat recovery.
- Waste Heat Recovery Systems Systems that capture excess heat from vessel engines and operations to reduce fuel consumption, lower emissions, and improve overall energy efficiency.
- Organic Rankine Cycle (ORC) Systems Low-temperature waste heat to electricity conversion systems available in 120kW and 220kW unit sizes, generating clean electrical power from recovered heat.
- Cold Ironing / Shore Power Compatible Heating Systems Electric heating systems (hot water, thermal oil, steam, or combi boilers) designed to operate with shore power while vessels are at berth, eliminating boiler emissions in port.
- Modular Maritime Carbon Capture Systems Compact modular carbon capture system for maritime vessels developed as part of the ME2CC consortium. Uses waste heat from main engine exhaust gas via advanced exhaust gas cooler design for energy-efficient CO2 capture and regeneration.
- Spare Parts Supply and After-Sales Service Wide range of spare parts including burners, pumps, heaters, valves, heat exchangers, electronic equipment, sensors, switches, and gauges, available 24/7 with worldwide service network and emergency support.
Quantifiable outcome
- Over 1000 ships sailing with Heatmaster heating systems aboard
- +3 more outcomes
Companies that use Heatmaster BV
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles3 records
Heatmaster BV technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
Heatmaster BV partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core and minor.
- Value MaritimecoreValue Maritime heads the ME2CC (Maritime Efficient & Easy Carbon Capture) consortium. Heatmaster provides waste heat recovery systems that support the carbon capture and regeneration processes of Value Maritime's modular CO2 capture system installed aboard the LNG-fueled vessel Samskip Kvitbjorn. The project received funding from the Dutch Maritime Masterplan 2024.
- Samskip HoldingcoreSamskip operates the LNG-fueled vessel Samskip Kvitbjorn on a fixed route from Rotterdam along the Norwegian west coast to Hammerfest. The vessel is being retrofitted with Value Maritime's carbon capture system and Heatmaster's waste heat recovery with ORC as part of the ME2CC project, showcasing sustainable logistics in an environmentally sensitive region.
- B2B MarineminorPart of the ME2CC consortium (Maritime Efficient & Easy Carbon Capture) funded by the Dutch Maritime Masterplan 2024. B2B Marine contributes to the development and demonstration of the modular carbon capture system for LNG-fueled vessels.
- Fusie EngineersminorPart of the ME2CC consortium developing the modular carbon capture system for maritime decarbonization.
- DevoteqminorPart of the ME2CC consortium developing the modular carbon capture system for maritime decarbonization.
- Brusche Process TechnologyminorPart of the ME2CC consortium developing the modular carbon capture system for maritime decarbonization.
- Yard Energy GroupminorPart of the ME2CC consortium developing the modular carbon capture system for maritime decarbonization.
- H.I. Fraser Pty LtdminorAgent representing Heatmaster in Australia (Sydney office). Contact: Clive Smith/Debora Fortkamp, +61 2 9970 7322, 6/5 Vuko Place, Warriewood, NSW 2102, Australia.
- Oceanking Technical Services Ltd.minorAgent representing Heatmaster in Greece. Contact: John Yachnis, +30 210 42 96 774, +30 693 74 01 675, 31 Bouboulinas str., 185 35, Piraeus, Greece. Heatmaster exhibited at Posidonia 2022 at Oceanking's booth.
- MistralminorAgent representing Heatmaster in Italy. Contact: +41 79 463 7649, Via Cantonale 11, 6900 Lugano, Switzerland.
- OceangateminorAgent representing Heatmaster in South Korea. Contact: Lee Cheol Ho, Office: +82-51-740-5863, +82-10-4554-7863, OCEAN-tower BLDG #1125, Haeundaehaebyeon-ro 203, Haewundae-gu, Busan, South Korea (48093).
- Amat EngineeringminorAgent representing Heatmaster in Turkey. Contact: Orkun Çomuoğlu, +90 216 493 01 66, +90 533 235 99 45, Güzelyalı mah. Bağdat cad. 66 No: 54 Kat:1, 34903 Pendik/Istanbul, Turkey.
- Hyundai Mipo Dockyard (HMD)coreHeatmaster partnered with Hyundai Mipo Dockyard from South Korea for the heat system construction of the Isle of Man Steam Packet Company's new battery hybrid ferry 'Manxman'. HMD is building the vessel designed for passenger and freight transport between the Isle of Man and mainland.
- Sembcorp Marine ShipyardcoreSembcorp Marine Shipyard (Singapore) built the Sleipnir vessel for Heerema Marine Contractors. Heatmaster built two hot water boilers for this vessel, working together with the client and shipyard through a custom engineering process.
- Netherlands Maritime Technology (NMT)minorHeatmaster participated at NEVA 2021 as part of the Holland Pavilion organized by Netherlands Maritime Technology (NMT). Also exhibited at APM Singapore 2024 at the Dutch Pavilion organized by NMT.
- Damen Shipyards GroupcoreDamen Shipyards Group is a Dutch family-owned company operating 35+ shipyards globally. Heatmaster worked with Damen Shipyards supplying the boiler system for the Optimus LNG bunkering vessel (built at Damen Shipyards Yichang). Also supplied systems for vessels at Damen Yichang and Damen Verolme Rotterdam.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Heatmaster BV competitors and assessment
Company assessmentBroad incumbents
- Alfa Laval: Swedish multinational with a large marine equipment portfolio including heat exchangers, boiler systems, and thermal management products. Overlaps directly with Heatmaster in marine heating and is a much broader incumbent serving global shipbuilders and operators.
- Wärtsilä: Finnish marine and energy systems OEM providing integrated ship power, propulsion, and lifecycle solutions. Offers heating and waste heat recovery within its broader platform, competing for newbuild and decarbonization retrofit scopes at major shipyards.
- Cleaver-Brooks: North American manufacturer of industrial boiler systems and heat transfer equipment. Competes with Heatmaster in industrial thermal oil and hot water boiler markets, especially for power generation and heavy industry.
- Bosch Industriekessel: Industrial boiler division of Bosch producing industrial heating boilers and heat-transfer systems. Comparable to Heatmaster's industrial segment serving power plants and heavy industry.
- Viessmann: Large German heating technology manufacturer with industrial and marine heating solutions. Also referenced by Heatmaster as a spare-parts supplier for heaters, illustrating the overlap in industrial thermal oil/hot water markets.
Regional players
- Thermax: Indian energy and environmental solutions provider with industrial heating and boiler products. A regional peer overlapping with Heatmaster's industrial heating applications, primarily serving South Asian and emerging-market customers.
- Kangrim (Kyungdong Boiler): Korean industrial boiler manufacturer serving marine and heavy industrial markets in Northeast Asia. Overlaps with Heatmaster's thermal oil and waste heat recovery offerings for Korean shipyards.
Direct peers
- Aalborg (Alfa Laval): Historically a specialist in marine boilers and thermal systems, now part of Alfa Laval. Direct overlap with Heatmaster's thermal oil, hot water, and steam boiler portfolio for marine applications.
- Saacke: German combustion and burner specialist serving marine and industrial markets. Heatmaster explicitly references Saacke burners among its spare-parts offering, indicating they compete for the same burner/boiler scopes.
- Hamworthy (Wärtsilä): Marine combustion and heating systems brand now under Wärtsilä. Competes with Heatmaster in marine boilers, exhaust gas economisers, and LNG-fueled vessel heating solutions.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Heatmaster BV social profiles
Digital presenceHeatmaster BV compliance and trust
Trust signalCompliance10 records
Heatmaster BV financial estimates
Financial estimateRevenue estimate
Valuation estimate
Heatmaster BV leadership team
Management profileNumber of profiles
Profiles6 records
Heatmaster BV subsidiaries and ownership
Company hierarchySubsidiaries3 records
Heatmaster BV funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Heatmaster BV M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Heatmaster BV
What does Heatmaster BV do?
Heatmaster conceives, designs, and produces tailor-made thermal heating systems for marine and industrial applications, using thermal oil, hot water, or steam as the heating medium. The company engineers complete turnkey systems with capacities ranging from 100kW to 20,000kW per heater, including waste heat recovery, ORC power generation, dual-fuel burners, void space heating for LNG vessels, and integration with carbon capture systems. Each system is custom-engineered based on detailed heat balance calculations and 2D/3D design drawings to optimize performance for specific vessel or industrial applications.
Is Heatmaster BV a public or private company?
Heatmaster BV is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Heatmaster BV founded?
Heatmaster BV was founded in 2003. It employs 11 to 50 people.
Where is Heatmaster BV based?
Heatmaster BV is headquartered in Hendrik-Ido-Ambacht, Netherlands, in the Europe region.
How does Heatmaster BV make money?
Three revenue lines are on record. Custom Heating System Sales are the primary driver. The others are spare Parts and After-Sales Service and service, Maintenance and Repairs.
Who are Heatmaster BV's main competitors?
Broad incumbents on record are Alfa Laval, Wärtsilä, Cleaver-Brooks, Bosch Industriekessel and Viessmann. Regional players are Thermax and Kangrim (Kyungdong Boiler). Direct peers are Aalborg (Alfa Laval), Saacke and Hamworthy (Wärtsilä).
Does Heatmaster BV have an API?
No public API is recorded for Heatmaster BV.
What industry is Heatmaster BV in?
Heatmaster BV's product category is Marine and Industrial Heating Systems. Its primary akta.pro industry code is IMAHAKAC, Heat Exchangers & Thermal Transfer Equipment, with a secondary code of IMAHAEAC, Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers). Its NAICS code is 333414 and its SIC code is 3585.