Report : South America 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 the SAM Fired Air Heaters Market During 2021-2028

According to a new market research study on “SAM Fired Air Heaters Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End-User” is expected to reach US$ 18.22 million by 2028 from US$ 14.58 million in 2021. The market is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The report provides trends prevailing in the SAM fired air heaters market along with the drivers and restraints pertaining to the market growth. Rise in demand for heating equipment for industrial application and growth of construction sector are the major factor driving the growth of the SAM fired air heaters market. However, longer life span and operational negligence hinders the growth of SAM fired air heaters market.     

In case of COVID-19, SAM is highly affected especially Brazil, followed by Peru, Chile, Colombia, and Ecuador, among others. SAM's government has taken an array of actions to protect their citizens and contain COVID-19's spread. Brazil is amongst the largest counties for chemical production in the industry. Owing to this, the demand for natural gas, and other petrochemicals is at an all-time high in the country. In addition, the majority of the components are exported from the US, China, and European countries. The geographical restrictions have decreased the local fired air heaters market as well. Moreover, the slowdown in mining activities coupled with the supply chain disruptions in Brazil has hindered the market for fired air heaters. Thus, the outbreak of COVID-19 has had a harsh impact on the SAM fired air heaters market, especially in Brazil. However, the slow recover of the end users is expected to aid the fired air heaters market regain its profits.

The SAM 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 SAM 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 SAM 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 Brazil and rest of SAM. 

ALLMAND BROS., INC; Pirobloc, S.A.; SIGMA THERMAL, INC; Wacker Neuson SE; and Zeeco, Inc. are among the leading companies in the SAM 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, Allmand Bros. Inc., an 80-year-old producer of high-performance portable job site equipment and a subsidiary of Briggs & Stratton Corporation, has expanded its current facility in Holdrege, NE, to boost manufacturing capacity and speed-to-market with new technologies.     

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