Fired Heaters

Fired Heaters Market Is Forecast To Record A Volume CAGR Of Nearly 7% Through 2028

Industry Insights

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.

The report examines the current trends, growth opportunities, restraints, and market drivers that are projected to influence the overall dynamics of the Fired Heaters Market Insights in the assessment period.

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Fired Heaters Market: Segmentation

  • Product Type

    • Direct-fired heaters
      • Reformer
      • Hydrocracker
      • Gas Oil Hydrocracker
      • Crude Distillation
      • Others
    • Indirect fired heaters
  • Configuration

    • Vertical cylindrical
    • Horizontal cylindrical
    • Cabin type
  • Heating Capacity

    • Upto 10 MMBtu/hr
    • 11-50 MMBtu/hr
    • Above 50 MMBtu/hr
  • End-Use Sector

    • Chemical
    • Petrochemical
  • Region

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • MEA

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.

Investment into new product developments by fired heater manufacturing giants have witnessed a marked rise in the recent past, owing to the expanding application scope of fired heaters. These players are also focusing on discovering new materials and innovations in processes, to save on cost while focusing on sustainability.

Process-specific development of fired heaters is another key focus area of the market players that has gained emphasis recently, in line with growing number of contracts between manufacturers and end users for delivering customized, tailor-made solutions, which has further led to widening application scope of the fired heaters as a consequence.

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