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Fired Heaters Market Share, Size, Trends, Industry Analysis Report, By Product Type ; By Configuration ; By End User; By Region; Segment Forecast, 2023 - 2032
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Allmand Bros
Amec Foster Wheeler
Broach
Cambridge Air Solutions
Comtherm
Emerson
Exotherm Corporation
Gasco
Hastings HVAC
HTT
JetHeat LLC
Petro-Techna International
Relevant Solutions
Sigma Thermal
Stelter & Brinck
Tamarack Industries
Therm Dynamics
Unit Birwelco
Wacker Neuson SE
Zeeco
KSA
The global fired heaters market size is expected to reach USD 844.48 million by 2032, according to a new study by Polaris market research. The report "Fired Heaters Market Share, Size, Trends, Industry Analysis Report, By Product Type (Direct-Fired Heaters and Indirect-Fired Heaters); By Configuration (Vertical Cylindrical, Horizontal Cylindrical, Cabin Type, Others); By End User; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rapid rate of industrialization and urbanization across both developed and developing economies that led to significant growth in infrastructure development and construction projects and higher demand for power generation to meet the requirements of customers globally, are among the prominent factors influencing the global market growth.
The growing integration of Internet of Things technology resulting in remote monitoring and diagnostics of fired heaters and heavily rising investments to develop new systems with improved capabilities by major companies, are likely to contribute significantly towards the market expansion. For instance, in November 2022, Ardagh Group & Absolut Vodka's, announced that they have entered into a collaboration to co-invest in a hydrogen-fired glass furnace for the large-scale production, while aiming to reduce the CO2 emissions.
The rising proliferation for incorporating advanced control systems and automation technologies into fired heaters, that enhances the efficiency, safety, and reliability of fired heaters along with the surging implementation of emission control technologies which helps industries to effectively comply with environmental regulations and reduce pollutant emissions, is anticipated to generate huge growth potential for the global market. Beside this, fired heaters are now being integrated into broader process control and optimization systems, allowing for better coordination and optimization of heating processes across the industrial facility.
Moreover, the surging adoption of digitalization and connectivity solutions across the globe, allowing for remote monitoring, control, and optimization of fired heaters and enable real-time monitoring of heater performance, predictive maintenance, and data-driven decision-making resulting in enhanced operational efficiency, reduce downtime, and improve safety are likely to impact the market in a positive way.
Fired Heaters Market Report Highlights
Direct-fired segment accounted for largest global market share in 2022, mainly driven by its advantageous characteristics including high energy efficiency and low operating costs
Vertical cylindrical segment held the market with considerable share in 2022, owing to its widespread use in industries including petrochemicals, power generation, refining, and oil & gas
The chemicals segment is projected to gain highest growth rate over the coming years, due to rapid growth in the number of new chemical plants construction and technological advancements in fired heater technology
North America region led the industry market with largest share in 2022, on account of growing investments for the development of sustainable solutions and various stringent regulations fueling the adoption of cleaner solutions
The global key market players include: Cambridge Air Solutions, Exotherm Corporation, Tamarack Industries, Therm Dynamics, Petro-Techna International, and Stelter & Brinck
Polaris market research has segmented the fired heaters market report based on product type, configuration, end user, and region:
Fired Heaters, Product Type Outlook (Revenue - USD Million, 2023 - 2032)
Direct-Fired Heaters
Indirect-Fired Heaters
Fired Heaters, Configuration Outlook (Revenue - USD Million, 2023 - 2032)
Vertical Cylindrical
Horizontal Cylindrical
Cabin Type
Others
Fired Heaters, End User Outlook (Revenue - USD Million, 2023 - 2032)
Chemicals
Petrochemicals
Power
Oil & Gas
Others
Fired Heaters, Regional Outlook (Revenue - USD Million, 2023 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
3. Research Methodology
3.1. Overview
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Fired Heaters Market Insights
4.1. Fired Heaters Market - End User Snapshot
4.2. Fired Heaters Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing Industrialization
4.2.1.2. Environmental regulations and the need for energy-efficient solutions
4.2.2. Restraints and Challenges
4.2.2.1. High Initial Investment
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Fired Heaters Market End User Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Fired Heaters Market, by Product Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
5.3. Direct-Fired Heaters
5.3.1. Global Fired Heaters Market, by Direct-Fired Heaters, by Region, 2019-2032 (USD Million)
5.4. Indirect-Fired Heaters
5.4.1. Global Fired Heaters Market, by Indirect-Fired Heaters, by Region, 2019-2032 (USD Million)
6. Global Fired Heaters Market, by Configuration
6.1. Key Findings
6.2. Introduction
6.2.1. Global Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
6.3. Vertical Cylindrical
6.3.1. Global Fired Heaters Market, by Vertical Cylindrical, by Region, 2019-2032 (USD Million)
6.4. Horizontal Cylindrical
6.4.1. Global Fired Heaters Market, by Horizontal Cylindrical, by Region, 2019-2032 (USD Million)
6.5. Cabin Type
6.5.1. Global Fired Heaters Market, by Cabin Type, by Region, 2019-2032 (USD Million)
6.6. Others
6.6.1. Global Fired Heaters Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Fired Heaters Market, by End User
7.1. Key Findings
7.2. Introduction
7.2.1. Global Fired Heaters Market, by End User, 2019-2032 (USD Million)
7.3. Chemicals
7.3.1. Global Fired Heaters Market, by Chemicals, By Region, 2019-2032 (USD Million)
7.4. Petrochemicals
7.4.1. Global Fired Heaters Market, by Petrochemicals, By Region, 2019-2032 (USD Million)
7.5. Power
7.5.1. Global Fired Heaters Market, by Power, By Region, 2019-2032 (USD Million)
7.6. Oil & Gas
7.6.1. Global Fired Heaters Market, by Oil & Gas, By Region, 2019-2032 (USD Million)
7.7. Others
7.7.1. Global Fired Heaters Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Fired Heaters Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Fired Heaters Market Assessment, By Geography, 2019-2032 (USD Million)
8.3. Fired Heaters Market - North America
8.3.1. North America: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.3.2. North America: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.3.3. North America: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.3.4. Fired Heaters Market - U.S.
8.3.4.1. U.S.: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.3.4.2. U.S.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.3.4.3. U.S.: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.3.5. Fired Heaters Market - Canada
8.3.5.1. Canada: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.3.5.2. Canada.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.3.5.3. Canada: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.4. Fired Heaters Market - Europe
8.4.1. Europe: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.4.2. Europe.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.4.3. Europe: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.4.4. Fired Heaters Market - UK
8.4.4.1. UK: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.4.4.2. UK.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.4.4.3. UK: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.4.5. Fired Heaters Market - France
8.4.5.1. France: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.4.5.2. France.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.4.5.3. France: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.4.6. Fired Heaters Market - Germany
8.4.6.1. Germany: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.4.6.2. Germany.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.4.6.3. Germany: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.4.7. Fired Heaters Market - Italy
8.4.7.1. Italy: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.4.7.2. Italy.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.4.7.3. Italy: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.4.8. Fired Heaters Market - Spain
8.4.8.1. Spain: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.4.8.2. Spain.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.4.8.3. Spain: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.4.9. Fired Heaters Market - Netherlands
8.4.9.1. Netherlands: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.4.9.2. Netherlands.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.4.9.3. Netherlands: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.4.10. Fired Heaters Market - Russia
8.4.10.1. Russia: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.4.10.2. Russia.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.4.10.3. Russia: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.5. Fired Heaters Market - Asia Pacific
8.5.1. Asia Pacific: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.5.2. Asia Pacific.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.5.3. Asia Pacific: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.5.4. Fired Heaters Market - China
8.5.4.1. China: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.5.4.2. China.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.5.4.3. China: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.5.5. Fired Heaters Market - India
8.5.5.1. India: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.5.5.2. India.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.5.5.3. India: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.5.6. Fired Heaters Market - Malaysia
8.5.6.1. Malaysia: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.5.6.2. Malaysia.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.5.6.3. Malaysia: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.5.7. Fired Heaters Market - Japan
8.5.7.1. Japan: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.5.7.2. Japan.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.5.7.3. Japan: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.5.8. Fired Heaters Market - Indonesia
8.5.8.1. Indonesia: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.5.8.2. Indonesia.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.5.8.3. Indonesia: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.5.9. Fired Heaters Market - South Korea
8.5.9.1. South Korea: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.5.9.2. South Korea.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.5.9.3. South Korea: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.6. Fired Heaters Market - Middle East & Africa
8.6.1. Middle East & Africa: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.6.2. Middle East & Africa.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.6.3. Middle East & Africa: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.6.4. Fired Heaters Market - Saudi Arabia
8.6.4.1. Saudi Arabia: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.6.4.2. Saudi Arabia.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.6.4.3. Saudi Arabia: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.6.5. Fired Heaters Market - UAE
8.6.5.1. UAE: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.6.5.2. UAE.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.6.5.3. UAE: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.6.6. Fired Heaters Market - Israel
8.6.6.1. Israel: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.6.6.2. Israel.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.6.6.3. Israel: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.6.7. Fired Heaters Market - South Africa
8.6.7.1. South Africa: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.6.7.2. South Africa.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.6.7.3. South Africa: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.7. Fired Heaters Market - Latin America
8.7.1. Latin America: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.7.2. Latin America.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.7.3. Latin America: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.7.4. Fired Heaters Market - Mexico
8.7.4.1. Mexico: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.7.4.2. Mexico.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.7.4.3. Mexico: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.7.5. Fired Heaters Market - Brazil
8.7.5.1. Brazil: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.7.5.2. Brazil.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.7.5.3. Brazil: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
8.7.6. Fired Heaters Market - Argentina
8.7.6.1. Argentina: Fired Heaters Market, by Product Type, 2019-2032 (USD Million)
8.7.6.2. Argentina.: Fired Heaters Market, by End User, 2019-2032 (USD Million)
8.7.6.3. Argentina: Fired Heaters Market, by Configuration, 2019-2032 (USD Million)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Allmand Bros
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Amec Foster Wheeler
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Broach
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Cambridge Air Solutions
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Comtherm
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Emerson
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Exotherm Corporation
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Gasco
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Hastings HVAC
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. HTT
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. JetHeat LLC
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. Petro-Techna International
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. Relevant Solutions
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development
10.14. Sigma Thermal
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Recent Development
10.15. Stelter & Brinck
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Product Benchmarking
10.15.4. Recent Development
10.16. Tamarack Industries
10.16.1. Company Overview
10.16.2. Financial Performance
10.16.3. Product Benchmarking
10.16.4. Recent Development
10.17. Therm Dynamics
10.17.1. Company Overview
10.17.2. Financial Performance
10.17.3. Product Benchmarking
10.17.4. Recent Development
10.18. Unit Birwelco
10.18.1. Company Overview
10.18.2. Financial Performance
10.18.3. Product Benchmarking
10.18.4. Recent Development
10.19. Wacker Neuson SE
10.19.1. Company Overview
10.19.2. Financial Performance
10.19.3. Product Benchmarking
10.19.4. Recent Development
10.20. Zeeco
10.20.1. Company Overview
10.20.2. Financial Performance
10.20.3. Product Benchmarking
10.20.4. Recent Development