Fired Air Heaters Market Share and Forecast by 2028

The fired air heaters market is expected to grow from US$ 491.73 million in 2021 to US$ 692.24 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

The rise in demand for heating equipment for industrial applications in emerging countries is a major driving force for the fired air heaters market. The need for fired air heaters is driven by increased energy demand from companies in rising economies like China, India, Japan, and Brazil. Furthermore, due to short start time, high efficiency, and reliability, the demand for fired air heaters in manufacturing, power generation, and processing has increased. In addition, increased investment in power generation capacity is another driving factor for fired air heaters. Due to decades of developments in product production technology, the need for fired air heaters continues to expand significantly.

Fired air heaters are commonly used in the processing industry to heat gases or liquids to a particular temperature. Moreover, integration of the internet of things (IoT) in fired air heaters would increase the adoption of fired air heaters, fueling market growth during the forecast period.

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Fired Air Heaters Market: Strategic Insights

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Impact of COVID-19 Pandemic on Fired Air Heaters Market

The COVID-19 pandemic has significantly affected the world and is continuing to shatter several countries. Until the outbreak of COVID-19, the fired air heater industry was experiencing substantial growth in terms of production. Unfortunately, the COVID-19 outbreak has decimated the demand for fired air heaters across different industries globally, reflecting significantly lower volumes of orders among the aircraft manufacturers, resulting in a lower number of productions. The decline in production volumes adversely affected the businesses of various component manufacturers and associated technologies. Moreover, the weakening of end users like construction, automotive, and mining industries demotivated the market. Thus, the fired air heaters market players' businesses have been severely affected by destabilization in production. During the widespread COVID-19 virus, the entire construction industry came to a halt with minimal resources to foresee the future. Several production units in the US, France, Russia, and China were temporarily paused to adhere to the government rules regarding lockdown and physical distancing. The construction players witnessed a 20–30% reduction in demand for new projects. Additionally, the halt in the ongoing construction projects further weakened the market. This factor negatively impacted the fired air heater market.

Fired Air Heaters Market Insights

Rise in Demand for Heating Equipment for Industrial Application 

Boilers, heat pumps, and furnaces are industrial heating equipment used in chemical, food, construction, mining, and other industries to carry out production processes. A boiler is a closed vessel in which water or another liquid is heated and steam is formed, subsequently used to drive machines when dispensed under high pressure. Furthermore, a heat pump is a device that transfers heat to warm or cool areas. Moreover, furnaces are essential components of a central heating system. In amine and glycol reboilers, the corrosive hydrogen sulfide and carbon dioxide gases must be removed from hydrocarbon steam before the respective fuels may be stored or introduced into the pipeline in natural gas and crude oil refining. Similar to natural gas steam, glycol is used to remove water from natural gas before distribution. Because of its cheap maintenance and simplicity, this type of heater is used in natural gas, crude oil, and processing sectors. In the chemical process sector, fired heaters are commonly used to heat process fluids and generate steam.

In most cases, fired heaters consume the most energy in the process industry. A box-type heater with vertical tubes is utilized to heat a hydrocarbon fluid for this investigation. Elution heaters, a specialized application of fired air heaters that requires a distinct and unique design, are used in the mining industry. Elution is the process of extracting one material from another by washing with a solvent, nearly always with the addition of heat, in analytical and organic chemistry. Minerals such as gold are extracted using exchangers. A mineral and solvent solution circulates on one side of the exchanger and a heat-transmitting fluid—commonly thermal fluid—distributes on the other.  In the food industry, particularly in frying trains – potatoes, snacks, and precooked – is via heat transfer fluid heaters, in which thermal fluid circulates that is heated in the equipment, and its heat is transferred to the oil that fries the products above through an exchange. Some installations have been carried out here, similar to the mining elution process, where the frying oil circulates straight through the boiler, which is subsequently used as a fired air heater. Direct fired heaters are occasionally used as heat transfer fluid heaters or indirect heaters in the petrochemical industry. The good operation of the maintenance service of direct fired heaters in chemical plants and refineries and the uniformity of spare parts are the main reasons for this uptake because heat transfer fluid heaters are renowned for their advantages in their specific functions. Thus, the rise in demand for heating equipment for various industrial applications is driving the fired air heaters market.

Type-Based Market Insights

Based on type, the fired air heater market has been segmented into direct fired air heaters and indirect fired air heaters. Direct fired heaters provide a safe means to heat industrial environments by maintaining an appropriate air-to-fuel ratio, a natural gas or propane. The gas is delivered directly to the burner in a direct fired heater, while the airstream provides the necessary oxygen for combustion. The gas is mixed with the air that is driven through the burner baffle. The burner is set up to burn in tandem with and parallel to the airflow. Fuel consumption and running expenses are lowered as approximately 100% of the fuel is converted to heat.

Fired Air Heaters Market Regional Insights

The regional trends and factors influencing the Fired Air Heaters Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Fired Air Heaters Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Fired Air Heaters Market Report Scope

Fired Air Heaters Market Players Density: Understanding Its Impact on Business Dynamics

The Fired Air Heaters Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Players operating in the fired air heaters market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

• In 2018, Allmand Bros. Inc.—an 80-year-old producer of high-performance portable job site equipment and a subsidiary of Briggs & Stratton Corporation— expanded its current facility in Holdrege, NE, to boost manufacturing capacity and speed-to-market with new technologies.

• In 2018, Pirobloc—a leader in the design and manufacture of thermal oil heaters—opened a subsidiary in the US. Pirobloc USA is already a reality, and it is fully operational.

The global fired air heaters market has been segmented as follows:

Fired Air Heaters Market – by Type

• Direct Fired Air Heaters
• Indirect Fired Air Heaters

Fired Air Heaters Market – by End User

• Manufacturing
•  Chemicals
•  Mining
•  Warehouses
•  Oil and Gas
•  Pharmaceuticals
•  Others

Fired Air Heaters Market – by Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM

Company Profiles

• ALLMAND BROS., INC        
• Exotherm Corporation        
• Hastings HVAC, Inc.           
• Pirobloc, S.A.         
• SIGMA THERMAL, INC        
• Stelter & Brinck, Ltd.          
• Tamarack Industries          
• Therm Dynamics    
• Wacker Neuson SE             
• Zeeco, Inc