According to our latest market study on “Fired Air Heaters Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and End User,” the market was valued at US$ 491.73 million in 2021 and is projected to reach US$ 692.24 million by 2028; it is expected 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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The expansion of the petrochemical and chemical industries has resulted in a significant increase in demand for machinery and equipment used in these industries, which has prompted the usage of fired heaters to improve combustion performance. Companies in the end-use sector are searching for more optimized and efficient equipment to heat various hydrocarbons, and fired heaters have seen a steady demand for efficient energy provision to these operations. The attention of end users has switched to the adoption of fired heaters with closed combustion systems, which allow for the conveyance of combustion air from the environment due to critical advancements and ways to limit carbon emissions in the industry. Such fueled heaters save energy, allowing end users to save money while also increasing sales.
The construction industry is one of the industries which continues 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.
Zeeco Inc., Thermax, Wacker Neuson, Allmand Bros Inc., and Windsor Energy. Are the five key market players operating in the global fired air heaters market. Due to fragmented nature of global fired air heaters market with presence of various regional and local players worldwide, this listing of “Key Five Players” is derived by considering and giving weightage to following key parameters: overall revenue, segmental revenue, brand image & industry experience, current fired air heaters portfolio, innovative and advanced technology integration, customer base, geographical reach, research and development investments, new product launches, partnerships, mergers & acquisitions and others market related activities. These players engage themselves in innovating and developing robust fired air heaters in order to facilitate several industrial end users, which enable themselves to maintain a string market share year-on-year. The above mentioned players continue to experience increasing number of contracts and customers from across the globe, which help them to serve customers from multiple industries.
The fired air heaters market is segmented into type, end-user industry, and region. By type, the market is bifurcated into direct and indirect fired air heaters. End-user industries covered in the study include manufacturing, chemicals, mining, construction, oil & gas, pharmaceuticals, food, others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, MEA, and SAM. In 2020, North America accounted for the significant share in the global market.
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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.
Furthermore, government intervention and recommendations are improving the market. For instance, in the US, OSHA’s Construction Standard, section 1926.154(a), covers the use of temporary heating equipment on construction sites (1). This paper outlines the ventilation requirements, as well as clearance, mounting, and protection parameters. Their usage on construction sites in Canada is governed by the Occupational Health and Safety Regulations, SOR/86-304 part 2.17, Canada’s Labour Code. Furthermore, rising development activity in developing nations such as India and China is propelling the market for fired air heaters even higher. Thus, growth in the construction sector will drive the demand for fired air heaters.
The fired air heater market is broadly segmented into five major regions — North America, Europe, APAC (Asia Pacific), MEA (the Middle East & Africa), and SAM (South America). North America led the global fired air heaters market in terms of market share in 2020. Based on type, the market is segmented into direct and indirect. In 2020, the direct segment led the fired air heaters market and accounted for a larger market share. In terms of end-user, the market is segmented into manufacturing, chemicals, mining, construction, oil & gas, pharmaceuticals, food, and others. In 2020, the chemical segment accounted for the largest market share.
A fired air heater is a type of heat generator that generates heat by combusting oil, gas or a combination of the two. These fired air heaters are also referred to as process heaters, furnaces, or process furnaces. These heaters are employed in industries for steam generation and petroleum refining. In the hydrocarbon and chemical processing industries such as refineries, gas plants, petrochemicals, chemicals & synthetics, olefins, ammonia, and fertilizer factories, fired air heaters are employed. There are two types of fired air heaters – indirect fired air heaters and direct fired air heaters. Direct fired heaters are similar to a gas barbecue grill or a gas stovetop; however, instead of using propane or natural gas to heat the air, they use air that is forced directly through the flame. In the industrial sector, direct fired air heating systems are used. On the other hand, indirect fired heaters are similar to residential oil or gas-burning furnaces with chimneys and propane or natural gas heating units, with the flame enclosed in a burn chamber that heats a heat exchanger. The air is heated as cold air flows over and around the heat exchanger.
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Sigma Thermal combined with Flarectec in April 2019 to increase its capacity to supply high-quality heating solutions for industrial applications. The company 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 are widely used. Flaretec direct-fired heaters can be developed and built to meet all or part of the API 560 requirements.
In 2019, Zeeco, Inc. announced an expansion plan for the Chinese market. The investment plan includes a fully functioning new team, a second Shanghai office, and an engineering and fabrication facility which will significantly increase Zeeco’s market position in China. For Zeeco’s future company growth, the Chinese market is a key potential. For the past seven years, Zeeco has had a dedicated staff focused solely on China’s power heating and steam industry, and they have had excellent success serving and growing this market.
Fired Air Heaters Market: Competitive Landscape and Key Developments 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.
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