Report : Middle East & Africa 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)
Direct Fired Air Heater Segment is Expected to be Fastest Growing During Forecast Period for MEA Region
According to a new market research study on “MEA Fired Air Heaters Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End-User” is expected to reach US$ 30.71 million by 2028 from US$ 23.67 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The report provides trends prevailing in the MEA fired air heaters market along with the drivers and restraints pertaining to the market growth. Rising initiatives by market players and burgeoning construction sector are the major factor driving the growth of the MEA fired air heaters market. However, issues such as longer life span and operational negligence hinders the growth of MEA fired air heaters market.
The MEA fired air heaters market is majorly affected by the disruption in the supply chain due to the COVID-19 pandemic. Owing to the closure of country borders, the supply chain of several components and systems has been disturbed, and the demand for advanced technologies such as fired air heaters has declined. South Africa faced a decline in its construction industry. The widespread COVID-19 has led manufacturers to suspend their operations or operate with a minimal workforce temporarily. This weakened the demand for fired air heaters, thereby hindering the market performance in the country.
The MEA 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 MEA 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 MEA 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 South Africa, Saudi Arabia, the UAE, and rest of MEA.
ALLMAND BROS., INC; Pirobloc, S.A.; SIGMA THERMAL, INC; Wacker Neuson SE; and Zeeco, Inc. are among the leading companies in the MEA 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 2018, Pirobloc, leader in the design and manufacture of thermal oil heaters, has opened a subsidiary in USA. Pirobloc USA is already a reality, and it is fully operational.
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