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.
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Fired Air Heaters Market: Strategic Insights
Market Size Value in US$ 491.73 million in 2021 Market Size Value by US$ 692.24 million by 2028 Growth rate CAGR of 5.0% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Fired Air Heaters Market: Strategic Insights
| Market Size Value in | US$ 491.73 million in 2021 |
| Market Size Value by | US$ 692.24 million by 2028 |
| Growth rate | CAGR of 5.0% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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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.
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.
Lucrative Regions for Fired Air Heater Providers
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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, by Type – 2020 and 2028 (%)
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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
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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
Major players in the market have adopted product launch and business expansion as their key developmental strategies to offer better products and services to customers in the fired air heaters industry. The various strategic initiatives of market players are:
Sigma Thermal combined with Flarectec in April 2019 to increase its capacity to supply high-quality heating solutions for industrial applications. It has strengthened its direct fired heater experience and product line by working together. Radiant-convective heaters, convection heaters, and radiant heaters are among the three types of direct-fired heaters that it designs and manufactures. API 560 is a design code for direct-fired heaters that is widely used. Flaretec direct-fired heaters can be developed and built to meet all or part of the API 560 requirements.
Based on the type, the fired air heaters market is segmented into direct fired air heaters, and indirect fired air heaters. The global fired air heaters market is dominated by direct fired air heaters segment in 2020, which accounted for 69.6%.
The construction industry is one of the industries which continue to grow year on year, with the rising demand for industrial complexes. The use of fired air heaters is becoming more popular in the construction industry. Outside the buildings, there are usually natural gas, propane, or diesel-fired heaters. The fuel is burned in an enclosed combustion chamber with combustion air drawn in from outside the structure. The flame heats a heat exchanger, which indirectly warms outside air that is fan-driven into the building via air ducts. Warm air can be distributed throughout the work area using these ducts, installed as needed. Electricity is required to run these units, and they are less efficient than direct-fired units. However, the additional safety they give often outweighs these disadvantages. Because the burner and fuel supply are outside the building, the risk of a fire is reduced. They also provide fresh air to the work area, lowering carbon monoxide and oxygen depletion concerns.
The key players operating in the global fired air heaters market include Allmand Bros., Inc. (Briggs & Stratton); Exotherm Corporation; Pirobloc, S.A.; Hastings HVAC; Wacker Neuson SE; Zeeco, Inc.; Stelter & Brinck, Ltd.; and Therm Dynamics. Major players in the market have adopted product launch and business expansion as their key developmental strategies to offer better products and services to customers in the fired air heaters industry.
In 2020, North America dominated the fired air heater market. The region's large market share can be attributed to the presence of many manufacturers in the region. The region comprises prominent market players such as Allmand Bros., Inc. (Briggs & Stratton); Cambridge Air Solutions; Exotherm Corporation; Hastings HVAC; JetHeat, LLC; Stelter & Brinck, Ltd.; and Therm Dynamics, with a considerable customer base, big contracts, and strong market positioning. These market players have significantly invested in expanding their business competencies to sustain their market position.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Fired Air Heaters Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Fired Air Heaters Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rise in Global Oil & Gas Refinery Capacity
5.1.2 Rise in Demand for Heating Equipment for Industrial Application
5.2 Key Market Restraints
5.2.1 Longer Life Span and Operational Negligence
5.3 Key Market Opportunities
5.3.1 Strategic Initiatives of Market Players
5.4 Future Trends
5.4.1 Growth of Construction Sector Will Boost the Fired Heater Market
5.5 Impact Analysis of Drivers and Restraints
6. Fired Air Heaters Market – Global Analysis
6.1 Fired Air Heaters Market Global Overview
6.2 Fired Air Heaters Market – Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Fired Air Heaters Market Analysis – By Type
7.1 Overview
7.2 Fired Air Heaters Market Revenue Breakdown, By Type, 2020 and 2028
7.3 Direct fired air heater
7.3.1 Overview
7.3.2 Direct fired air heater: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Indirect fired air heater
7.4.1 Overview
7.4.2 Indirect fired air heater: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
8. Fired Air Heaters Market Analysis– By End-User
8.1 Overview
8.2 Fired Air Heaters Market Breakdown, By End-User, 2020 and 2028
8.3 Manufacturing
8.3.1 Overview
8.3.2 Manufacturing: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Chemicals
8.4.1 Overview
8.4.2 Chemicals: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.5 Mining
8.5.1 Overview
8.5.2 Mining: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.6 Construction
8.6.1 Overview
8.6.2 Construction: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.7 Oil and Gas
8.7.1 Overview
8.7.2 Oil and Gas: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.8 Pharmaceuticals
8.8.1 Overview
8.8.2 Pharmaceuticals: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.9 Food
8.9.1 Overview
8.9.2 Food: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.10 Others
8.10.1 Overview
8.10.2 Others: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
9. Fired Air Heaters Market – Geographic Analysis
9.1 Overview
9.2 North America: Fired Air Heaters Market
9.2.1 Overview
9.2.2 North America: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.2.3 North America: Fired Air Heaters Market Breakdown, By Type
9.2.4 North America: Fired Air Heaters Market Breakdown, By End-User
9.2.5 North America: Fired Air Heaters Market Breakdown, by Country
9.2.5.1 US: Fired Air Heaters Market, Revenue and Forecast to 2028
9.2.5.1.1 US: Fired Air Heaters Market Breakdown, by Type
9.2.5.1.2 US: Fired Air Heaters Market Breakdown, by End-User
9.2.5.2 Canada: Fired Air Heaters Market, Revenue and Forecast to 2028
9.2.5.2.1 Canada: Fired Air Heaters Market Breakdown, by Type
9.2.5.2.2 Canada: Fired Air Heaters Market Breakdown, by End-User
9.2.5.3 Mexico: Fired Air Heaters Market, Revenue and Forecast to 2028
9.2.5.3.1 Mexico: Fired Air Heaters Market Breakdown, by Type
9.2.5.3.2 Mexico: Fired Air Heaters Market Breakdown, by End-User
9.3 Europe: Fired Air Heaters Market
9.3.1 Overview
9.3.2 Europe: Fired Air Heaters Market Revenue and Forecast to 2028 (US$ Million)
9.3.3 Europe: Fired Air Heaters Market Breakdown, By Type
9.3.4 Europe: Fired Air Heaters Market Breakdown, By End-User
9.3.5 Europe: Fired Air Heaters Market Breakdown, by Country
9.3.5.1 Germany: Fired Air Heaters Market, Revenue and Forecast to 2028
9.3.5.1.1 Germany: Fired Air Heaters Market Breakdown, by Type
9.3.5.1.2 Germany: Fired Air Heaters Market Breakdown, by End-User
9.3.5.2 France: Fired Air Heaters Market, Revenue and Forecast to 2028
9.3.5.2.1 France: Fired Air Heaters Market Breakdown, by Type
9.3.5.2.2 France: Fired Air Heaters Market Breakdown, by End-User
9.3.5.3 Italy: Fired Air Heaters Market, Revenue and Forecast to 2028
9.3.5.3.1 Italy: Fired Air Heaters Market Breakdown, by Type
9.3.5.3.2 Italy: Fired Air Heaters Market Breakdown, by End-User
9.3.5.4 UK: Fired Air Heaters Market, Revenue and Forecast to 2028
9.3.5.4.1 UK: Fired Air Heaters Market Breakdown, by Type
9.3.5.4.2 UK: Fired Air Heaters Market Breakdown, by End-User
9.3.5.5 Russia: Fired Air Heaters Market, Revenue and Forecast to 2028
9.3.5.5.1 Russia: Fired Air Heaters Market Breakdown, by Type
9.3.5.5.2 Russia: Fired Air Heaters Market Breakdown, by End-User
9.3.5.6 Rest of Europe: Fired Air Heaters Market, Revenue and Forecast to 2028
9.3.5.6.1 Rest of Europe: Fired Air Heaters Market Breakdown, by Type
9.3.5.6.2 Rest of Europe: Fired Air Heaters Market Breakdown, by End-User
9.4 APAC: Fired Air Heaters Market
9.4.1 Overview
9.4.2 APAC: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.4.3 APAC: Fired Air Heaters Market Breakdown, By Type
9.4.4 APAC: Fired Air Heaters Market Breakdown, By End-User
9.4.5 APAC: Fired Air Heaters Market Breakdown, by Country
9.4.5.1 China: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.1.1 China: Fired Air Heaters Market Breakdown, by Type
9.4.5.1.2 China: Fired Air Heaters Market Breakdown, by End-User
9.4.5.2 India: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.2.1 India: Fired Air Heaters Market Breakdown, by Type
9.4.5.2.2 India: Fired Air Heaters Market Breakdown, by End-User
9.4.5.3 Japan: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.3.1 Japan: Fired Air Heaters Market Breakdown, by Type
9.4.5.3.2 Japan: Fired Air Heaters Market Breakdown, by End-User
9.4.5.4 South Korea: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.4.1 South Korea: Fired Air Heaters Market Breakdown, by Type
9.4.5.4.2 South Korea: Fired Air Heaters Market Breakdown, by End-User
9.4.5.5 Australia: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.5.1 Australia: Fired Air Heaters Market Breakdown, by Type
9.4.5.5.2 Australia: Fired Air Heaters Market Breakdown, by End-User
9.4.5.6 Rest of APAC: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.6.1 Rest of APAC: Fired Air Heaters Market Breakdown, by Type
9.4.5.6.2 Rest of APAC: Fired Air Heaters Market Breakdown, by End-User
9.5 MEA: Fired Air Heaters Market, Revenue and Forecast To 2028
9.5.1 Overview
9.5.2 MEA: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.5.3 MEA: Fired Air Heaters Market Breakdown, By Type
9.5.4 MEA: Fired Air Heaters Market Breakdown, By End-User
9.5.5 MEA: Fired Air Heaters Market Breakdown, By Country
9.5.5.1 Saudi Arabia: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.1.1 Saudi Arabia: Fired Air Heaters Market Breakdown, by Type
9.5.5.1.2 Saudi Arabia: Fired Air Heaters Market Breakdown, by End-User
9.5.5.2 UAE: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.1 UAE: Fired Air Heaters Market Breakdown, by Type
9.5.5.2.2 UAE: Fired Air Heaters Market Breakdown, by End-User
9.5.5.3 South Africa: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.3.1 South Africa: Fired Air Heaters Market Breakdown, by Type
9.5.5.3.2 South Africa: Fired Air Heaters Market Breakdown, by End-User
9.5.5.4 Rest of MEA: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.4.1 Rest of MEA: Fired Air Heaters Market Breakdown, by Type
9.5.5.4.2 Rest of MEA: Fired Air Heaters Market Breakdown, by End-User
9.6 SAM: Fired Air Heaters Market Revenue and Forecast To 2028
9.6.1 Overview
9.6.2 SAM: Fired Air Heaters Market Revenue and Forecast to 2028 (US$ Million)
9.6.3 SAM: Fired Air Heaters Market Breakdown, By Type
9.6.4 SAM: Fired Air Heaters Market Breakdown, By End-User
9.6.5 SAM: Fired Air Heaters Market Breakdown, by Country
9.6.5.1 Brazil: Fired Air Heaters Market, Revenue and Forecast to 2028
9.6.5.1.1 Brazil: Fired Air Heaters Market Breakdown, by Type
9.6.5.1.2 Brazil: Fired Air Heaters Market Breakdown, by End-User
9.6.5.2 Rest of SAM: Fired Air Heaters Market, Revenue and Forecast to 2028
9.6.5.2.1 Rest of SAM: Fired Air Heaters Market Breakdown, by Type
9.6.5.2.2 Rest of SAM: Fired Air Heaters Market Breakdown, by End-User
10. Fired Air Heaters Market - COVID-19 Impact Analysis
10.1 Overview
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 ALLMAND BROS., INC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Exotherm Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Hastings HVAC, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Pirobloc, S.A.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SIGMA THERMAL, INC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Stelter & Brinck, Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Tamarack Industries
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Therm Dynamics
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Wacker Neuson SE
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Zeeco, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Fired Air Heaters Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Fired Air Heaters Market, Revenue and Forecast To 2028 – By Type (US$ Million)
Table 3. North America: Fired Air Heaters Market, Revenue and Forecast To 2028 – By End-User (US$ Million)
Table 4. North America: Fired Air Heaters Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 5. US: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 6. US: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 7. Canada: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 8. Canada: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 9. Mexico: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 10. Mexico: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 11. Europe: Fired Air Heaters Market, Revenue and Forecast To 2028 – By Type (US$ Million)
Table 12. Europe: Fired Air Heaters Market, Revenue and Forecast To 2028 – By End-User (US$ Million)
Table 13. Europe: Fired Air Heaters Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 14. Germany: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 15. Germany: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 16. France: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 17. France: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 18. Italy: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 19. Italy: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 20. UK: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 21. UK: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 22. Russia: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 23. Russia: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 24. Rest of Europe: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 25. Rest of Europe: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 26. APAC: Fired Air Heaters Market, Revenue and Forecast To 2028 – By Type (US$ Million)
Table 27. APAC: Fired Air Heaters Market, Revenue and Forecast To 2028 – By End-User (US$ Million)
Table 28. APAC: Fired Air Heaters Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 29. China: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 30. China: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 31. India: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 32. India: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 33. Japan: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 34. Japan: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 35. South Korea: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 36. South Korea: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 37. Australia: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 38. Australia: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 39. Rest of APAC: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 40. Rest of APAC: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 41. MEA: Fired Air Heaters Market, Revenue and Forecast To 2028 – By Type (US$ Million)
Table 42. MEA: Fired Air Heaters Market, Revenue and Forecast To 2028 – By End-User (US$ Million)
Table 43. MEA: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Country (US$ Million)
Table 44. Saudi Arabia: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 45. Saudi Arabia: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 46. UAE: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 47. UAE: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 48. South Africa: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 49. South Africa: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 50. Rest of MEA: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 51. Rest of MEA: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 52. SAM: Fired Air Heaters Market, Revenue and Forecast To 2028 – By Type (US$ Million)
Table 53. SAM: Fired Air Heaters Market, Revenue and Forecast To 2028 – By End-User (US$ Million)
Table 54. SAM: Fired Air Heaters Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 55. Brazil: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 56. Brazil: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 57. Rest of SAM: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 58. Rest of SAM: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 59. List of Abbreviation
LIST OF FIGURES
Figure 1. Fired Air Heaters Market Segmentation
Figure 2. Fired Air Heaters Market Segmentation – By Geography
Figure 3. Global Fired Air Heaters Market Overview
Figure 4. Direct Fired Air Heaters Held the Largest Market Share in 2020
Figure 5. Chemicals Held the Largest Market Share in 2020
Figure 6. North America was the Largest Revenue Contributor in 2020
Figure 7. North America– PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. Asia-Pacific – PEST Analysis
Figure 10. Middle East and Africa – PEST Analysis
Figure 11. South America – PEST Analysis
Figure 12. Fired Air Heaters Market– Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Fired Air Heaters Market: Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Fired Air Heaters Market
Figure 16. Global Fired Air Heaters Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Fired Air Heaters Market Revenue Breakdown, by type, 2020 and 2028 (%)
Figure 18. Direct fired air heater: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. Indirect fired air heater: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. Fired Air Heaters Market Breakdown, By End-User, 2020 and 2028 (%)
Figure 21. Manufacturing: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. Chemicals: Fired Air Heaters Market- Revenue and Forecast To 2028 (US$ Million)
Figure 23. Mining: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. Construction: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 25. Oil and Gas: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 26. Pharmaceuticals: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 27. Food: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 29. Global Fired Air Heaters Market Breakdown, by Region, 2020 & 2028 (%)
Figure 30. North America: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 31. North America: Fired Air Heaters Market Breakdown, By Type, 2020 & 2028 (%)
Figure 32. North America: Fired Air Heaters Market Breakdown, By End-User, 2020 & 2028 (%)
Figure 33. North America: Fired Air Heaters Market Breakdown, by Country, 2020 & 2028 (%)
Figure 34. US: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Canada: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 36. Mexico: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 38. Europe: Fired Air Heaters Market Breakdown, By Type, 2020 & 2028 (%)
Figure 39. Europe: Fired Air Heaters Market Breakdown, By End-User, 2020 & 2028 (%)
Figure 40. Europe: Fired Air Heaters Market Breakdown, by Country, 2020 & 2028(%)
Figure 41. Germany: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 42. France: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 43. Italy: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 44. UK: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 45. Russia: Fired Air Heaters Market, Revenue and Forecast, to 2028 (US$ Million)
Figure 46. Rest of Europe: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 47. APAC: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 48. APAC: Fired Air Heaters Market Breakdown, By Type, 2020 & 2028 (%)
Figure 49. APAC: Fired Air Heaters Market Breakdown, By End-User, 2020 & 2028 (%)
Figure 50. APAC: Fired Air Heaters Market Breakdown, by Country, 2020 & 2028 (%)
Figure 51. China: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 52. India: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 53. Japan: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 54. South Korea: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 55. Australia: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 56. Rest of APAC: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 57. MEA: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 58. MEA: Fired Air Heaters Market Breakdown, By Type, 2020 & 2028 (%)
Figure 59. MEA: Fired Air Heaters Market Breakdown, By End-User, 2020 & 2028 (%)
Figure 60. MEA: Fired Air Heaters Market Breakdown, By Country, 2020 & 2028 (%)
Figure 61. Saudi Arabia: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 62. UAE: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 63. South Africa: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 64. Rest of MEA: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 65. SAM: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 66. SAM: Fired Air Heaters Market Breakdown, By Type, 2020 & 2028 (%)
Figure 67. SAM: Fired Air Heaters Market Breakdown, By End-User, 2020 & 2028 (%)
Figure 68. SAM: Fired Air Heaters Market Breakdown, by Country, 2020 & 2028 (%)
Figure 69. Brazil: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 70. Rest of SAM: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)
Figure 71. Impact of COVID-19 Pandemic in North America Country Markets
Figure 72. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 73. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 74. Impact of COVID-19 Pandemic in Middle East and Africa Countries
Figure 75. Impact of COVID-19 Pandemic in South America Countries
The List of Companies - Fired Air Heaters Market
- 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, In
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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