Market Definition
Fired heaters, often referred to as furnaces (direct-fired heaters), are pieces of equipment often used in processing facilities to heat gases or liquids to a desired temperature. Fired heaters in the petrochemical and refining industry are critical pieces of equipment that can have a major impact on process unit safety, reliability, and economics. They are complex pieces of equipment, where tubes and other pressure boundary components might fail due to relatively short periods of upset conditions. Fired heaters come in two configurations, including direct-fired heaters and indirect-fired heaters. Direct-fired heaters utilize a burner to produce hot gasses that transfer their heat energy to a process liquid or gas flowing directly through furnace tubes installed inside the vessel. Indirect-fired heaters utilize burners to heat a heat exchanger, over which cool air is circulated and heated.
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Market Dynamics
Boilers, heat pumps, and fernanes 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.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers, and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The report analyses the global fired air heaters market based on type, end-user, and region. Based on type, it is bifurcated into direct-fired air heaters and indirect-fired air heaters. Based on end-user, it is segmented into manufacturing, chemicals, mining, construction, oil and gas, pharmaceuticals, food, and others. Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World.
Key Player
The key players studied in the global fired air heaters market are Allmand Bros., Inc. (U.S.), Engineered Air (U.S.), Exotherm Corporation (U.S.), Hastings HVAC, Inc. (U.S.), Pirobloc, S.A. (Spain), Sigma Thermal (U.S.), Stelter & Brinck (U.S.), Thermax Limited (India), Wacker Neuson SE (Germany), and ZEECO, INC. (U.S.).
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porter 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Forecast Period – 2024-2033
- Base Year – 2023
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