fired air heaters Market to grow with 4.6% CAGR during 2021 to 2031

Global fired air heaters report from Global Insight Services is the single authoritative source of intelligence on fired air heaters market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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The global fired air heaters market was valued at US$ 0.5 billion in 2021 and it is anticipated to grow up to US$ 0.8 billion by 2031, at a CAGR of 4.6% during the forecast period.

Fired heaters, often referred to as furnaces (direct fired heaters), are pieces of equipment often used in processing facilities to heat gases or liquids up 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.

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Key Players
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)
ZEECO, INC. (U.S.)

Global Fired Air Heaters Market Segmentation
By Type

Direct Fired Air Heater
Indirect Fired Air Heater
By End User

Manufacturing
Chemicals
Mining
Construction
Oil and Gas
Pharmaceuticals
Food
Others

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Market Drivers and Trends
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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