Fired Air Heater Market Will Witness Substantial Growth in the Upcoming years by 2027 | Stelter & Brinck, Ltd., Therm Dynamics, Exotherm Corporation

Report Ocean releases its latest report on the global Fired Air Heater Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Fired Air Heater Market.

In 2020, the global fired air heaters market size was more than USD 316.1 million. The global fired air heaters market is forecast to grow at a compound annual growth rate (CAGR) of nearly 2.2% during the forecast period from 2021-2027. 

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Factors Affecting the Market

In emerging countries, the growing demand for heating equipment for industrial applications is the leading factor driving the market for fired air heaters.

In developing economies, such as China, India, Japan, and Brazil, continuous and stable energy demand drives the market for heating equipment, and thus for fired air heaters. Fired air heaters are seeing increasing demand in the manufacturing, power generation, and processing sectors because of their quick startup, high efficiency, and reliability.

The increased investment in power generation capacity is also a driving factor for the fired air heaters market. As product manufacturing technologies have advanced over decades, the demand for fired air heaters has grown substantially. Increasing industrialization and urbanization are responsible for the rise in power generation.

Government regulation of pollution levels acts as a market restraint. The rising amount of air pollution due to the burning of fossil fuels such as oil and gas is becoming a serious concern for the global market. It has led to severe health and environmental problems, which will continue to hamper the growth of the fired air heaters market during the forecast period. 

The processing industry uses fueled air heaters to heat gases or liquids to the temperature required. A crucial step in the modernization of fuel-fired air heaters is the incorporation of internet-of-things (IoT), which allows for monitoring of the operating system. As a result, the integration of IoT into heated air heaters will create opportunities for the adoption of heated air heaters, leading to significant growth in the fired air heater market in the forecast period.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Fired Air Heater Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Fired Air Heater Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Fired Air Heater Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Fired Air Heater Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Fired Air Heater Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Fired Air Heater Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Fired Air Heater Market provides insight into the factors influencing its growth. This market study breaks down the Fired Air Heater Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Fired Air Heater Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Fired Air Heater Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Fired Air Heater Market are:

Thawzall (Tamarack Industries)
Comtherm Ltd
Hastings HVAC
Allmand Bros., Inc. (Briggs & Stratton)
JetHeat, LLC
Multitek Power Ltd
Stelter & Brinck, Ltd.
Therm Dynamics
Exotherm Corporation

Scope of the Report

The global Fired Air Heater Market segmentation focuses on:

Segmentation based on Fired Type

Direct
Indirect

Segmentation based on Fuel Type

Oil
Gas

Segmentation based on End-User

Petroleum Refineries
Power Generation
Chemical Processing
Others

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