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 For

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

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