According to the recently published study by Fact.MR, the global sales of fired heaters were close to 695 units in 2018, and are estimated to register approximately 5% Y-o-Y in 2019. The fired heaters industry remains influenced by a slew of factors that range from continued adoption in chemical and petrochemical industries, to focus of manufacturers in optimizing the operational efficiencies of fired heater to minimize energy consumption.

According to the study, the direct-fired heaters was estimated to account for over 70% market share in the global fired heaters market. The increasing consumer demand for cost-effective yet highly productive fired heaters, coupled with a higher preference for efficient heating equipment has translated into a significant demand for direct-fired heaters, in light of their capability to attain 100% operational efficiency. This rise in demand for direct-fired heaters is prompting leading manufacturers to focus on the development of equipment with improved air volume to heat output ratios.

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Key Factors Driving Growth of the Structured Cabling Market?

• Recent studies indicate that the global energy demand witnessed a marked uptick, with natural gas gaining traction as the fuel of choice - accounting for over two-fifth share of energy consumption. Fired heaters play a vital role in the natural gas-fired furnaces in the energy & power sector, which in turn continues to uphold their demand.
• Expansion of petrochemical and chemical industry has created massive demand for machinery and equipment in use in these industries, which in turn has driven the adoption of fired heaters for improving the combustion performance.
• The companies in end-use sectors are looking for more optimized and efficient equipment for the purpose of heating various hydrocarbons, and fired heaters witnessed sustained demand for efficient provision of energy to these processes.
• Key developments and approaches to control carbon emission in industries has shifted focus of end-users to adoption of fired heaters with closed combustion systems, as these allow conveyance of the combustion air from the surrounding. . The use of such fired heaters helps save-up on energy, thereby enabling cost-optimization for end-users and driving sales.

Key Strategies Implemented by Fired Heaters Market Players

The global fired heaters market is characterized by a mix of consolidation of high-end solutions, and fragmentation of low end products. The top five companies collectively account for leading shares of the fired heaters market. Product innovation, development of industry-specific solutions, and expansion in proliferating regional markets, are some of the key growth strategies of leading players in the fired heaters market.

Key players operating in the fired heaters market, as profiled in the study, include AbsolutAire, Inc., TechEngineering S.r.l., Optimized Process Furnaces, Inc., G.C. Broach Company, Thermax, Exotherm Corporation, Amec Foster Wheeler, Sigma Thermal, Hetsco Inc., Unit Birwelco Group, and Boustead International Heaters Ltd.

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