About Water Bath Heaters
Water bath heaters are indirect fired type heaters majorly designed to API 12K, it is used to heat natural gas and oil. The main application of this device is to heat high-pressure gas prior to pressure reduction. There is a huge importance of water bath heaters in the oil and gas industry, because of the growing demand for heating oil and gas. It is majorly used by offshore platforms, refineries and gas suppliers, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global water bath heaters market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Water Bath Heaters market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Gasco Pty Ltd. (Australia), SPEC Oil& Gas Technologies (United States), Sigma Thermal (United States), Ceba s.r.l. (Italy), Heatec (United States), Dalian Energas Gas-System (China), AURA GmbH & Co. KG (Germany), Exotherm (United States), Forain srl (Italy) and Thermotech Systems Private Limited (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are HK Huichuan International Petroleum Equipment Co., Ltd. (China), Angioletti Vessel srl (Italy) and Petro Gas Parsa (Iran).
Segmentation Overview
AMA Research has segmented the market of Global Water Bath Heaters market by Type (Electric-Based Process, Fuel-Based Process and Steam-Based Process), Application (Crude Oil, Vaporizing and Superheating LPG, Regeneration Gas Heating, Heat Transfer Fluids, Heat Sensitive Gas and Fluids, Amine Reboilers and Teg Reboilers) and Region.
On the basis of geography, the market of Water Bath Heaters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type Of Heating, the sub-segment i.e. Flue Oil will boost the Water Bath Heaters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Consumer Medium, the sub-segment i.e. Gaseous Media will boost the Water Bath Heaters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand of Gaseous Water Bath Heaters
Market Growth Drivers:
Increasing Number of Power Generation Plants in Asia Pacific Region, Majorly In China Region, Advancement in Oil and Gas Industry and Rising Number of Offshore Platforms in the Russian Pacific Coast
Challenges:
Rising Cost of Raw Materials and Scarcity of Precision Temperature Control Due To Large System Inertia
Restraints:
High Production Cost and Maintenance Cost
Opportunities:
Rising Development of Petroleum Industry Because Of Exploration, Production, and Consumption of Oil and Natural Gas
Market Leaders and their expansionary development strategies
In June 2023, Julabo USA announced the acquisition of Techne, a leading manufacturer of water bath heaters. The acquisition will expand Julabo's product portfolio and market reach.
In November 2023, Memmert launched the INCO bath series, a new line of water baths that are designed for a wide range of applications, from routine temperature control to sensitive biochemical processes.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Water Bath Heaters Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.