Report : Europe Fired Air Heaters Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Direct Fired Air Heater and Indirect Fired Air Heater) and End-User (Manufacturing, Chemicals, Mining, Construction, Oil & Gas, Pharmaceuticals, Food, and Others)

Chemicals Segment to Dominate Europe Fired Air Heaters Market During 2021–2028  

According to a new market research study on “Europe Fired Air Heaters Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End-User” is expected to reach US$ 230.54 million by 2028 from US$ 161.50 million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the Europe fired air heaters market along with the drivers and restraints pertaining to the market growth. Growing oil & gas refinery capacity and increasing demand for heating equipment for industrial application are the major factor driving the growth of the Europe fired air heaters market. However, problems related to life span and operational negligence hinders the growth of Europe fired air heaters market.   

The construction and chemical industries, coupled with the air transport industry, play an important role in economic growth and employment in many European countries, which was strongly impacted by supply chain disruptions and technological challenges due to COVID-19 pandemic. The European construction industry witnessed inefficiencies and activity delays with the initial spread of COVID-19 in the region. Following a challenging start to the year, the construction industry in Western Europe fell by 6.4% in 2020. This reduced demand severely impacted the regional fired air heaters market affecting the manufacturers, both in building and maintaining the product. The EU construction industry is anticipated to recover gradually due to a slower economic recovery and the importance of international services. Studies depict that the construction industry faced a downfall of almost 25% at the initial stages of COVID-19 pandemic in the region. However, the European manufacturing industry foresees faster recovery of the industry. According to the studies, in July 2021, industrial production in the European Union climbed by 8.3% over the same month the previous year. Owing to this, the company has been ramping up its production volumes to deliver a higher number of orders. Moreover, the region's retrieval of the construction industry is further expected to augment market growth in the coming years. Since the spring, economic activity has increased dramatically, with growth expected to reach 5.7% in 2021. 

The Europe fired air heaters market is segmented into type, end-user, and country. By type, the market is bifurcated into direct fired air heater and indirect fired air heater. The direct fired air heater segment dominated the Europe fired air heaters market in 2020 and same segment is expected to be fastest growing during forecast period. End-User covered in the study include manufacturing, chemicals, mining, construction, oil & gas, pharmaceuticals, food, and others. The chemicals segment dominated the Europe fired air heaters market in 2020 and construction segment is expected to be fastest growing during forecast period. Based on country, the market is analyzed across the UK, Germany, France, Italy, Russia, and rest of Europe.

ALLMAND BROS., INC; Pirobloc, S.A.; SIGMA THERMAL, INC; Wacker Neuson SE; and Zeeco, Inc. are among the leading companies in the Europe fired air heaters market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Zeeco, Inc. has announced expansion plan for the Chinese market. The investment plan includes a fully functioning new team, a second Shanghai office, and an engineering and fabrication facility which will significantly increase Zeeco’s market position in China.     

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