Product Code: PM3823
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