About Fired Heaters
Fired heater, also known as furnaces (direct-fired heaters), is equipment often used to heat gasses or liquids up to desired temperatures in processing facilities. It transfers heat from the combustion of fluids contained in tubular coils within an internally insulated enclosure. It is used in industries such as refineries, gas plants, petrochemicals, chemicals and synthetics, olefins, ammonia and fertilizer plants for steam generation, petroleum refining and another purpose.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market for Fired Heaters is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Fired 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.
Sigma Thermal, Inc. (United States), Amec Foster Wheeler plc (United Kingdom), Unit Birwelco (United Kingdom), Emerson Electric Co. (United States), Thermax Limited (India), KT - Kinetics Technology SpA (Italy), John Wood Group PLC (United Kingdom), Pirobloc S.A. (Spain), BD Energy Systems (United States), Gasco Pty Ltd (Australia) and Toolfetch (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Wabtec Corporation (United States) and AbsolutAire (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fired Heaters market by Type (Direct Fired Heaters and Indirect Fired Heaters), Application (Chemical & Petrochemical, Refinery, Upstream Oil & Gas and Others) and Region.
On the basis of geography, the market of Fired 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 Design, the sub-segment i.e. Box Fired Heaters will boost the Fired Heaters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement In Manufacturing Of High Maintenance Expenses and Rapid Adoption Of Advanced Technological Solutions, For Instance Demand-Based Fired Heaters Solutions And Smart Infrastructure
Market Growth Drivers:
High Demand for Hydrocarbon and Chemical Processing Industries and Increased Adoption of Fired Heaters in Numerous Industries
Challenges:
Availability of the Substitute Products in the Market
Restraints:
High Installation and Maintenance Cost of Fired Heaters
Opportunities:
Growing Chemical and Petrochemical Industry and Rising Demand from End-User Industry
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Key Target Audience
Fired Heater Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
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.