Fired Air Heaters Market Key Vendors Analysis, Import & Export, Revenue by Forecast

Fired Air Heaters Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Direct Fired Air Heater and Indirect Fired Air Heater) and End User (Manufacturing, Chemicals, Mining, Construction, Oil and Gas, Pharmaceuticals, Food, and Others)

Strategic Initiatives of Market Players to Provide Growth Opportunities for Fired Air Heaters Market During 2021-2028

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.

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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 driver for fired air heaters. 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 as follows:

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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.

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The fired air heaters market has been segmented based on type, end-user, and geography. Based on type, the market is bifurcated into direct fire heaters and indirect fired air heaters. In 2020, the direct fired air heaters segment led the 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 share in the market. Geographically, the fired air heaters market is broadly segmented into North America, Europe, APAC (Asia Pacific), MEA (the Middle East & Africa), and SAM (South America). In 2020, North America accounted for the largest market share.

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