This article analyzes the structural characteristics and working principles of heat treatment equipment while considering the possibility of “zero-carbon manufacturing.” It integrates the concepts of material flow, energy flow, and waste recycling, and, by following the life cycle theory, constructs a system boundary model for heat treatment equipment to track the direction of carbon emissions throughout various stages. It identifies the sources and forms of carbon emissions in the entire process of heat treatment equipment and proposes carbon emission estimation models for each stage, upon which a comprehensive data inventory for heat treatment equipment is established.