Fired Heaters Market Report

The global Fired Heaters market is projected to witness significant growth in the coming years on account of growing need for Fired Heaters among refinery and petrochemical industries. Fired Heaters are extensively used in various processing facilities to heat liquids or gases up to a required temperature. Manufactures are emphasising on innovating new materials and processes to improve cost efficiency, along with sustainability.

The Fired Heaters market has been undergoing a number of product launches since past few years. For instance, Solid Fuel Fired Fluid Heater introduced by a key company, called Thermax Limited. Low power consumption, enhanced combustion thermal efficiency, and reduced floor space requirements are some of the key features of this heater.

Manufacturers to launch new products to gain traction in the Fired Heaters market

The report provides key details about leading players operating in the global Fired Heaters market such as Struthers Wells, G.C. Broach, The Linde Group, Optimized Process Furnaces, INC., Sigma Thermal, Thermax Limited, UnitBirwelco, John Wood Group PLC, Aggreko plc, Exotherm Corporation, Boustead International Heaters, and Shelter and Brink Ltd.

Manufacturers are taking up various strategies such as new product development and introduction in order to strengthen their position in the market. For instance, Exotherm Corporation has launched Q-Pak direct fired air heater. This direct fired air heater is suitable for heating air streams that can enable mixing of the products of combustion with the process air stream.

High demand among petrochemical industries to boost the Fired Heaters market growth

Surge in the demand for Fired Heaters in the refinery and petrochemical industries to improve combustion performance is a key factor driving the Fired Heaters market. It has been observed that key manufacturers of the market are involved in process-specific development of fired heaters, which is, in turn, having a positive impact on the Fired Heaters market growth. On the flip side, high installation and maintenance costs may hamper the Fired Heaters market growth to a great extent. In addition, strict regulatory standards imposed by regulatory authorities are acting as restraints to the Fired Heaters market growth.

Market Segmentation

By Type

●   Direct-fired heaters

●  Reformer

●  Hydrocracker

●  Gas Oil Hydrotreater

●  Crude Distillation

●  Vacuum Distillation

●  Others

●  Indirect fired heaters

By Configuration

●  Vertical cylindrical

●  Horizontal cylindrical

●  Cabin type

By End Use

●  Chemical

●  Petrochemical

As per the market analysts, demand for direct-fired heaters is greater on account of their durability, cost-effectiveness, and widespread application. Direct-fired heaters find usage in applications, wherein fuel gas is available and there is a need for high volume oil treating. However, these type of heaters require special safety equipment. Need for machinery and equipment is growing among chemical and petrochemical industries, which is, in turn, fuelling the demand for Fired Heaters. On the basis of configuration, the Fired Heaters market is segregated as vertical, horizontal, and cabin type. The report offers detailed analysis of all the configuration types.

By Region

Asia Pacific is expected to witness lucrative growth in the near future. Presence of a number of chemical and petrochemical process equipment facilities in China is expected to support the Fired Heaters market growth in Asia Pacific. In addition, manufacturers are utilizing the growth potential of the country by strengthening their distribution. India is also likely to emerge as a key contributor to the regional market growth owing to emergence of manufacturing facilities of chemical & petrochemical products & equipment.

The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.

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