The global demand for Fired Air Heaters Market is presumed to reach the market size of nearly USD 2.27 MN by 2028 from USD 1.59 MN in 2021 with a CAGR of 5.2% under the study period 2022 - 2028.
A fired air heater is a kind of heat generator that uses oil, gas, or a mixture of the two to generate heat. These heaters are employed in the steam generation and petroleum refining sectors. These fired air heaters are referred to as process heaters, furnaces, or process furnaces. In the hydrocarbon and chemical processing industries, like refineries, gas plants, petrochemicals, chemicals & synthetics, olefins, ammonia, and fertilizer factories, fired air heaters are employed.
Market Dynamics
The elevating demand for heating equipment for industrial applications is a significant element promoting the market for fired air heaters. The rise of heating equipment, and hence the market for fired air heaters, is driven by increased continuous and constant energy demand from several companies worldwide. Furthermore, due to short startup time, high efficiency, and reliability, demand for fired air heaters has increased in manufacturing, power generation, and processing industries. In addition, increased investment in power generation capacity is another driving driver for fired air heaters. Because of developments in product manufacturing technology, the demand for fired air heaters continues to rise. The introduction of strict government laws against pollution, on the other hand, acts as a market restraint.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of fired air heaters. The growth and trends of fired air heaters industry provide a holistic approach to this study.
Market Segmentation
This section of the fired air heaters market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Fired Type
By Fuel Type
By End-User Industry
- Petroleum Refineries
- Power Generation
- Chemical Processing
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Fired Air Heaters market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Fired Air Heaters Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fired air heaters market include Allmand Bros., Inc. (Briggs & Stratton), Cambridge Air Solutions, Comtherm Ltd, Exotherm Corporation, Hastings HVAC, JetHeat, LLC, Multitek, Stelter & Brinck, Ltd., Thawzall (Tamarack Industries), Therm Dynamics. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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