Advertisement
Canada markets open in 3 hours 12 minutes
  • S&P/TSX

    22,107.08
    +194.56 (+0.89%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CAD/USD

    0.7352
    -0.0021 (-0.28%)
     
  • CRUDE OIL

    81.96
    +0.61 (+0.75%)
     
  • Bitcoin CAD

    95,827.66
    +587.24 (+0.62%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,218.80
    +6.10 (+0.28%)
     
  • RUSSELL 2000

    2,114.35
    +44.19 (+2.13%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • NASDAQ futures

    18,485.25
    -18.50 (-0.10%)
     
  • VOLATILITY

    12.99
    +0.21 (+1.64%)
     
  • FTSE

    7,968.95
    +36.97 (+0.47%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6815
    +0.0010 (+0.15%)
     

Global fired air heaters market to reach $797.9 million by 2030: Allied Market Research

Increase in demand for heating equipment in industrial applications and surge in investments toward additional power generation capacity drive the growth of the global fired air heaters market. Europe accounted for the highest share in 2020, and is estimated to continue its lead position by 2030. During the Covid-19 pandemic, manufacturing activities of fired air heaters restrained completely or partially due to lockdown measures implemented in many countries.

Portland, OR, Oct. 28, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global fired air heaters market generated $516.1 million in 2020, and is projected to reach $797.9 million by 2030, witnessing a CAGR of 4.2% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Increase in demand for heating equipment in industrial applications and surge in investments toward additional power generation capacity drive the growth of the global fired air heaters market. However, implementation of stringent government regulations toward environmental pollution restrains the market growth. On the other hand, integration of internet of things (IoT) creates new opportunities in the coming years.

Download Sample PDF (187 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/4030

Covid-19 Scenario:

  • Manufacturing activities of fired air heaters restrained completely or partially due to lockdown measures implemented in many countries. Moreover, disruptions in the supply chain and shortage of raw materials presented challenges in carrying out manufacturing with full capacity.

  • The demand from end-use industries such as petroleum refineries, power generation, chemical processing, and others reduced significantly due to stoppage in day-to-day operations during the lockdown. However, the demand is estimated to grow steadily post-lockdown as daily operations get back on track.

ADVERTISEMENT

The report offers detailed segmentation of the global fired air heaters market based on fired type, fuel type, end-user industry, and region.

Get detailed COVID-19 impact analysis on the Fired Air Heaters Market Request Here

Based on fired type, the direct segment contributed to the highest share in 2020, accounting for more than four-fifths of the total share, and is expected to maintain its leadership status during the forecast period. However, the indirect segment is projected to register the largest CAGR of 4.9% from 2021 to 2030.

Based on fuel type, the gas segment held the highest share in 2020, accounting for around three-fourths of the total share of the global fired air heaters market, and is projected to continue its dominant share during the forecast period. Moreover, this segment is estimated to witness the largest CAGR of 4.3% from 2021 to 2030. The report also analyzes the oil segment.

Based on region, Europe accounted for the highest share in 2020, contributing to nearly one-third of the total share, and is estimated to continue its lead position by 2030. However, LAMEA is expected to manifest the fastest CAGR of 5.0% during the forecast period.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/4030

Top Competitors:

Leading players of the global fired air heaters market analyzed in the research include Allmand Bros., Inc. (Briggs & Stratton), Comtherm Ltd., Cambridge Air Solutions, Hastings HVAC, Exotherm Corporation, Multitek, JetHeat, LLC, Thawzall (Tamarack Industries), Stelter & Brinck, Ltd., and Therm Dynamics.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Electric Heating Equipment Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

Steam Trap Market - Global Opportunity Analysis and Industry Forecast, 2021-2028

Fire Suppression System Market - Opportunity Analysis and Industry Forecast, 2020–2027

Advanced HVAC Control Systems Market - Global opportunity analysis and industry forecast, 2020-2027

HVAC Equipment Market - Global Opportunity Analysis and Industry Forecast, 2021–2030

Industrial Cooling System Market- Global Opportunity Analysis and Industry Forecast, 2021–2030

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285,
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn