0

Fired Heaters Market by Product, Type and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 160
  • SKU: IRTNTR43986
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The fired heaters market is estimated to grow at a CAGR of 3.32% and the size of the market is forecast to increase by USD 158.27 million between 2022 and 2027. . The growth of the market depends on serval factors, including the rise in global oil and gas refinery capacity, the emerging regulations and increasing government initiatives to reduce emissions, and the growth in global petrochemical and speciality chemicals industries.

This report extensively covers market segmentation by product (oil and gas, chemicals, and others), type (direct-fired heater and indirect-fired heater), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Fired Heaters Market During the Forecast Period?

Fired Heaters Market Size

To learn more about this report, Download Report Sample

In 2017, in terms of market size, APAC dominated the market with a share of USD 222.19 million. Additionally, China was the largest contributor of market share USD 88.52 million. The market segment oil & gas recorded the largest contribution in market share of USD 408.57 million and continues to grow.

Parent Market Analysis

Technavio categorizes the global fired heaters market as a part of the global industrial machinery market. The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Fired Heaters Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rise in global oil and gas refinery capacity is notably driving the market growth, although factors such as the volatility in manufacturing costs may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Fired Heaters Market Driver

The rise in global oil and gas refinery capacity is the key factor driving the global fired heaters market growth. The global oil and gas refining industry is one of the major end-users of fired heaters within the chemical processing industry. In global oil refineries, energy is transported through steam from fired heaters to the point of use. Steam is used in various applications in the oil refinery. Applications range from trace heating systems that maintain the product at the correct viscosity to huge heaters that consume large tons of steam per hour. Therefore, the increase in global refining capacity has a direct impact on the chemical process industry in the global fired heaters market.

investments in new refineries are expected to increase during the forecast period. Several major refinery expansions are either under the planning or construction stage and are expected to be completed during the forecast period. The global oil and gas industry is likely to witness such expansions during the period. These expansions are slated for completion within the forecast period, creating growth opportunities for the market in focus.

Key Fired Heaters Market Trend

The technological advances will fuel the global fired heaters market growth. Technological advances in the global fired heaters market include control and measurement systems applied in fired heaters that combine advanced data analytics, combustion expertise, and new measurement technologies. These control and measurement systems create new opportunities for fired heater manufacturers to leverage technology advances and enhance heater performance. 

Several refineries and chemical plant operators deploy ultrasonic-based intelligent pig technology to inspect coils in convection and radiant sections of fired heaters. This technology provides accurate inspection data, which allows reliability engineers to make critical decisions about the operation and maintenance of fired heaters. These factors will positively impact the growth of the market during the forecast period.

Key Fired Heaters Market Challenge

The volatility in manufacturing costs is a major challenge to the global fired heaters market growth. Fluctuations in the prices of raw materials, including stainless steel, iron ore, aluminium, bronze, and other metal alloys, which are used in the manufacturing of fired heaters, cause volatility in the production costs of fired heaters, which result in demand-supply disparities. Moreover, fired heaters are manufactured using expensive components. Hence, the initial investment required is high, which affects the cost of ownership of the equipment, thereby reducing the profit margins of manufacturers.

Fluctuations in oil prices may drive up the price of the equipment and increase the operating costs incurred by end-users. Also, steel is one of the major raw materials used to manufacture fired heaters. As steel is extracted from iron ore, the volatility in the prices of iron ore directly impacts steel prices. Hence, the volatility in raw material prices can hinder the growth of the global fired heaters market as it has an adverse impact on the supply of raw materials, which ultimately affects the profit margins of manufacturers. Therefore, volatility in manufacturing costs will negatively impact the growth of the market during the forecast period.

Key Fired Heaters Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Fired Heaters Market Share by Geography

Global Fired Heaters Market Customer Landscape

Who are the Major Fired Heaters Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

aitesa.es - The company offers fired heaters such as cabin-fired heaters, and vertical cylindrical fired heaters. Also, this segment focuses on the manufacturing and distribution of industrial equipment such as heaters, water-tube boilers, heat transfer systems, air preheating systems, air coolers, thermal oil batteries, and steam drums for energy, refinery, and petrochemical industries.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Boustead Singapore Ltd.
  • ComEnCo Inc.
  • Esteem Projects Pvt. Ltd.
  • Exotherm Corp.
  • G.C. Broach Co.
  • Hastings HVAC Inc.
  • Kilburn Engineering Ltd.
  • Linde Plc
  • Optimized Process Furnaces
  • Petrosadid Group
  • Pirobloc S.A
  • SCANDIUZZI STEEL CONSTRUCTION
  • Sigma Thermal Inc.
  • Stelter and Brinck Ltd.
  • TechEngineering S.r.l.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Fired Heaters Market?

Based on product, the market is segmented into oil and gas, chemicals, and others. The market share growth by the oil and gas segment will be significant during the forecast period. In the oil and gas segment, fired heaters are essential for heating thermic fluids, process fluids, feedstock, charge heating, steam heating, and thermal cracking in refineries. The design of these units depends on the application and the choice between vertical cylindrical or box-type furnace designs. These units are offered either for offshore or onshore installation.

Fired Heaters Market Size

Get a glance at the market contribution of various segments Request a PDF Sample

The oil and gas segment was valued at USD 408.57 million in 2017 and continue to grow by 2021Petrochemicals are produced through a process called cracking. This entails splitting large hydrocarbon molecules into small molecules. Two different kinds of cracking are common: fluid catalytic cracking is used for petroleum fractions, and steam cracking is used for natural gas liquids. These processes frequently include the use of extreme temperature and pressure. 

Which are the Key Regions for the Fired Heaters Market?

Fired Heaters Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

APAC is projected to account for 31% of the global market share growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. 

The regional market is driven by capacity expansions in the food and beverage, oil and gas, and chemical industries. Various countries in APAC, such as China, Japan, India, Indonesia, Malaysia, and Bangladesh, are witnessing a significant increase in urbanization and the disposable incomes of their citizens. Developing countries such as India, Indonesia, and Malaysia are focusing on improving their domestic manufacturing industries (including food production and chemicals), which will spur the demand for fluid filtration systems in industrial processes. For instance, to promote investment in the manufacturing industry, the Government of India introduced the Make in India initiative. This initiative allows 100% foreign direct investment (FDI) across several manufacturing industries, including food production and chemicals, in the country.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in the demand for APAC. However, in H2 2021, due to the introduction of vaccines, the number of COVID-19 cases in the region decreased. This has led to the lifting of lockdowns and other COVID-19-related restrictions, which has led to the reopening of oil and gas refineries, food processing units, and chemical processing units in the region. By the end of 2022, APAC's oil demand is expected to climb by 1.7 million barrels per day, up from 1.2 million barrels per day in 2021. This has had a favourable effect on the oil and gas industry's expansion. As a result, the demand for fired heaters is predicted to rise, propelling the market forward during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Oil and gas, Chemicals, and Others), Type (Direct fired heater and Indirect fired heater), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).

  • Product Outlook (USD Million, 2017 - 2027)
    • Oil and gas
    • Chemicals
    • Others
  • Type Outlook (USD Million, 2017 - 2027)
    • Direct-fired heater
    • Indirect-fired heater
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America 
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Fired Heaters Market Scope

Report Coverage

Details

Page number

160

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.32%

Market growth 2023-2027

USD 158.27 million

Market structure

Fragmented

YoY growth (%)

3.1

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 31%

Key countries

US, Canada, China, Japan, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Air Industrie Thermique, Boustead Singapore Ltd., ComEnCo Inc., Esteem Projects Pvt. Ltd., Exotherm Corp., G.C. Broach Co., Hastings HVAC Inc., Kilburn Engineering Ltd., Linde Plc, Optimized Process Furnaces, Petrosadid Group, Pirobloc S.A, SCANDIUZZI STEEL CONSTRUCTIONS, Sigma Thermal Inc., Stelter and Brinck Ltd., TechEngineering S.r.l., Thermax Ltd., Tulsa Heaters Midstream, UnitBirwelco Ltd., and Westinghouse Air Brake

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Fired Heaters Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the fired heaters market between 2023 and 2027
  • Precise estimation of the size of the fired heaters market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of fired heaters market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global Fired Heaters Market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global Fired Heaters Market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Oil and gas - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Oil and gas - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Oil and gas - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)
    • 6.4 Chemicals - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Chemicals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Chemicals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Chemicals - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Chemicals - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 47: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 49: Chart on Comparison by Type
      • Exhibit 50: Data Table on Comparison by Type
    • 7.3 Direct fired heater - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Direct fired heater - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Direct fired heater - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Direct fired heater - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Direct fired heater - Year-over-year growth 2022-2027 (%)
    • 7.4 Indirect fired heater - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Indirect fired heater - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Indirect fired heater - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Indirect fired heater - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Indirect fired heater - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 59: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Canada - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.14 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Air Industrie Thermique
              • Exhibit 116: Air Industrie Thermique - Overview
              • Exhibit 117: Air Industrie Thermique - Product / Service
              • Exhibit 118: Air Industrie Thermique - Key offerings
            • 12.4 Boustead Singapore Ltd.
              • Exhibit 119: Boustead Singapore Ltd. - Overview
              • Exhibit 120: Boustead Singapore Ltd. - Business segments
              • Exhibit 121: Boustead Singapore Ltd. - Key offerings
              • Exhibit 122: Boustead Singapore Ltd. - Segment focus
            • 12.5 Esteem Projects Pvt. Ltd.
              • Exhibit 123: Esteem Projects Pvt. Ltd. - Overview
              • Exhibit 124: Esteem Projects Pvt. Ltd. - Product / Service
              • Exhibit 125: Esteem Projects Pvt. Ltd. - Key offerings
            • 12.6 Exotherm Corp.
              • Exhibit 126: Exotherm Corp. - Overview
              • Exhibit 127: Exotherm Corp. - Product / Service
              • Exhibit 128: Exotherm Corp. - Key offerings
            • 12.7 G.C. Broach Co.
              • Exhibit 129: G.C. Broach Co. - Overview
              • Exhibit 130: G.C. Broach Co. - Product / Service
              • Exhibit 131: G.C. Broach Co. - Key offerings
            • 12.8 Hastings HVAC Inc.
              • Exhibit 132: Hastings HVAC Inc. - Overview
              • Exhibit 133: Hastings HVAC Inc. - Product / Service
              • Exhibit 134: Hastings HVAC Inc. - Key offerings
            • 12.9 Kilburn Engineering Ltd.
              • Exhibit 135: Kilburn Engineering Ltd. - Overview
              • Exhibit 136: Kilburn Engineering Ltd. - Product / Service
              • Exhibit 137: Kilburn Engineering Ltd. - Key offerings
            • 12.10 Linde Plc
              • Exhibit 138: Linde Plc - Overview
              • Exhibit 139: Linde Plc - Business segments
              • Exhibit 140: Linde Plc - Key news
              • Exhibit 141: Linde Plc - Key offerings
              • Exhibit 142: Linde Plc - Segment focus
            • 12.11 Optimized Process Furnaces
              • Exhibit 143: Optimized Process Furnaces - Overview
              • Exhibit 144: Optimized Process Furnaces - Product / Service
              • Exhibit 145: Optimized Process Furnaces - Key offerings
            • 12.12 Sigma Thermal Inc.
              • Exhibit 146: Sigma Thermal Inc. - Overview
              • Exhibit 147: Sigma Thermal Inc. - Product / Service
              • Exhibit 148: Sigma Thermal Inc. - Key offerings
            • 12.13 Stelter and Brinck Ltd.
              • Exhibit 149: Stelter and Brinck Ltd. - Overview
              • Exhibit 150: Stelter and Brinck Ltd. - Product / Service
              • Exhibit 151: Stelter and Brinck Ltd. - Key offerings
            • 12.14 Thermax Ltd.
              • Exhibit 152: Thermax Ltd. - Overview
              • Exhibit 153: Thermax Ltd. - Business segments
              • Exhibit 154: Thermax Ltd. - Key news
              • Exhibit 155: Thermax Ltd. - Key offerings
              • Exhibit 156: Thermax Ltd. - Segment focus
            • 12.15 Tulsa Heaters Midstream
              • Exhibit 157: Tulsa Heaters Midstream - Overview
              • Exhibit 158: Tulsa Heaters Midstream - Product / Service
              • Exhibit 159: Tulsa Heaters Midstream - Key offerings
            • 12.16 UnitBirwelco Ltd.
              • Exhibit 160: UnitBirwelco Ltd. - Overview
              • Exhibit 161: UnitBirwelco Ltd. - Product / Service
              • Exhibit 162: UnitBirwelco Ltd. - Key offerings
            • 12.17 Westinghouse Air Brake
              • Exhibit 163: Westinghouse Air Brake - Overview
              • Exhibit 164: Westinghouse Air Brake - Business segments
              • Exhibit 165: Westinghouse Air Brake - Key news
              • Exhibit 166: Westinghouse Air Brake - Key offerings
              • Exhibit 167: Westinghouse Air Brake - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 168: Inclusions checklist
                • Exhibit 169: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 170: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 171: Research methodology
                • Exhibit 172: Validation techniques employed for market sizing
                • Exhibit 173: Information sources
              • 13.5 List of abbreviations
                • Exhibit 174: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your sample now!
              Fired Heaters market growth will increase by $158.27 million during 2023-2027.
              The fired heaters market is expected to grow at a CAGR of 3.32% during 2023-2027.
              Technavio has segmented the fired heaters market by product (Oil and gas, Chemicals, and Others) ,type (Direct fired heater, Indirect fired heater, Europe, MEA, and South America) , and geography (APAC, North America, Europe, Middle East and Africa, and South America).
              Air Industrie Thermique, Boustead Singapore Ltd., ComEnCo Inc., Esteem Projects Pvt. Ltd., Exotherm Corp., G.C. Broach Co., Hastings HVAC Inc., Kilburn Engineering Ltd., Linde Plc, Optimized Process Furnaces, Petrosadid Group, Pirobloc S.A, SCANDIUZZI STEEL CONSTRUCTIONS, Sigma Thermal Inc., Stelter and Brinck Ltd., TechEngineering S.r.l., Thermax Ltd., Tulsa Heaters Midstream, UnitBirwelco Ltd., Westinghouse Air Brake are a few of the key vendors in the fired heaters market.
              APAC will register the highest growth rate of 30.55% among the other regions. Therefore, the fired heaters market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • China
              • Japan
              • India
              • Germany
              The key factors driving the fired heaters market growth are:
              • Rise in global oil and gas refinery capacity
              • Increasing popularity of electric-fired heaters
              The fired heaters market vendors should focus on grabbing business opportunities from the oil and gas segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

              Certified ISO 9001 : 2015

              We are ISO recognized

              We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

              We are GDPR and CCPA compliant

              We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

              Safe and Secure SSL Encrypted
              Technavio

              info
              close
              • Single:

                One user only.
                Quick & easy download option

              • Enterprise:

                Unlimited user access (Within your organization)
                Complimentary Customization Included

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Customized Report as per your Business Needs

              • Our analysts will work directly with you and understand your needs
              • Get data on specified regions or segments, competitor and Vendors
              • Data will be formatted and presented as per your requirements
              • We offer $1000 worth of FREE customization at the time of purchase

              Let us help you make report more suited to your requirements.

              • Get a competitive breakdown as per your niche industry
              • Customize the data with various metrics that meet your business prerequisite
              • Understand Revenue Sources, Customers and many more
              • Details on Market Share
              • These customizations are done in a short amount of time by our analysts and industry experts
              Technavio
              Enquire Before Buying
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>