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)
Market Introduction
According to recent studies, European energy demand has increased significantly, with natural gas gaining traction as the preferred fuel. In the energy and power sector, fired heaters play an important part in natural gas-fueled furnaces, which keeps their demand high. According to data from Eurostat, The EU's energy demand for oil and petroleum products peaked in 2019 at 545.6 Mtoe. In 2019, the demand for natural gas was 335.9 Mtoe. Moreover, studies also reveal that in 2019, gross onshore natural gas consumption in the EU climbed by 4.2% over 2018, reaching a level not seen since 2010. Thus, the increasing demand for natural gas is creating lucrative opportunities for fired air heaters in the particular industry. One of Europe's largest manufacturing industries is the chemicals industry. It plays a critical role in supplying innovative materials and technology solutions to boost Europe's industrial competitiveness as an "enabling industry." As a result of key issues such as greater competition from other nations and rising costs, the sector is undergoing a fast structural transformation. Nonetheless, the business has swiftly rebounded from the economic downturn and has remained quite stable in terms of overall sales. The expansion of the petrochemical and chemical industries has resulted in a significant increase in demand for machinery and equipment used in these industries, which has prompted the usage of fired heaters to improve combustion performance in the region.
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.
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Market Overview and Dynamics
The Europe fired air heaters market is expected to grow from US$ 161.50 million in 2021 to US$ 230.54 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The construction industry is one of the industries which continue to grow year on year, with the rising demand for industrial complexes. The use of fired air heaters is becoming more popular in the construction industry. Outside the buildings, there are usually natural gas, propane, or diesel-fired heaters. The fuel is burned in an enclosed combustion chamber with combustion air drawn in from outside the structure. The flame heats a heat exchanger, which indirectly warms outside air that is fan-driven into the building via air ducts. Warm air can be distributed throughout the work area using these ducts, installed as needed. Electricity is required to run these units, and they are less efficient than direct-fired units. However, the additional safety they give often outweighs these disadvantages. Because the burner and fuel supply are outside the building, the risk of a fire is reduced. They also provide fresh air to the work area, lowering carbon monoxide and oxygen depletion concerns. Furthermore, government intervention and recommendations are improving the market. Furthermore, rising development activity in several economies is propelling the market for fired air heaters even higher. Thus, growth in the construction sector will drive the demand for fired air heaters across the Europe region.
Key Market Segments
In terms of type, the direct fired air heater segment accounted for the largest share of the Europe fired air heaters market in 2020. In terms of end-user, the chemicals segment held a larger market share of the Europe fired air heaters market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe fired air heaters market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ALLMAND BROS., INC; Pirobloc, S.A.; SIGMA THERMAL, INC; Wacker Neuson SE; and Zeeco, Inc.
Reasons to buy report
- To understand the Europe fired air heaters market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe fired air heaters market
- Efficiently plan M&A and partnership deals in Europe fired air heaters market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe fired air heaters market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Fired Air Heaters Market Segmentation
Europe Fired Air Heaters Market - By Type
- Direct Fired Air Heater
- Indirect Fired Air Heater
Europe Fired Air Heaters Market - By End-User
- Manufacturing
- Chemicals
- Mining
- Construction
- Oil & Gas
- Pharmaceuticals
- Food
- Others
Europe Fired Air Heaters Market - By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Fired Air Heaters Market - Company Profiles
- ALLMAND BROS., INC
- Pirobloc, S.A.
- SIGMA THERMAL, INC
- Wacker Neuson SE
- Zeeco, Inc.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Fired Air Heaters Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Fired Air Heaters Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Oil & Gas Refinery Capacity
5.1.2 Increasing Demand for Heating Equipment for Industrial Application
5.2 Key Market Restraints
5.2.1 Problems Related to Life Span and Operational Negligence
5.3 Key Market Opportunities
5.3.1 Rising Strategic Initiatives of Market Players
5.4 Future Trends
5.4.1 Escalation in Construction Sector
5.5 Impact Analysis of Drivers and Restraints
6. Fired Air Heaters Market – Europe Analysis
6.1 Europe Fired Air Heaters Market Overview
6.2 Europe Fired Air Heaters Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Fired Air Heaters Market Analysis – By Type
7.1 Overview
7.2 Europe Fired Air Heaters Market Revenue Breakdown, By Type, 2020 and 2028
7.3 Direct fired air heater
7.3.1 Overview
7.3.2 Direct Fired Air Heater: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Indirect fired air heater
7.4.1 Overview
7.4.2 Indirect Fired Air Heater: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
8. Europe Fired Air Heaters Market Analysis– By End-User
8.1 Overview
8.2 Europe Fired Air Heaters Market Breakdown, By End-User, 2020 and 2028
8.3 Manufacturing
8.3.1 Overview
8.3.2 Manufacturing: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Chemicals
8.4.1 Overview
8.4.2 Chemicals: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.5 Mining
8.5.1 Overview
8.5.2 Mining: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.6 Construction
8.6.1 Overview
8.6.2 Construction: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.7 Oil and Gas
8.7.1 Overview
8.7.2 Oil and Gas: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.8 Pharmaceuticals
8.8.1 Overview
8.8.2 Pharmaceuticals: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.9 Food
8.9.1 Overview
8.9.2 Food: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
8.10 Others
8.10.1 Overview
8.10.2 Others: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
9. Europe Fired Air Heaters Market – Country Analysis
9.1 Overview
9.1.1 Europe: Fired Air Heaters Market Breakdown, by Country
9.1.1.1 Germany: Fired Air Heaters Market, Revenue and Forecast to 2028
9.1.1.1.1 Germany: Fired Air Heaters Market Breakdown, by Type
9.1.1.1.2 Germany: Fired Air Heaters Market Breakdown, by End-User
9.1.1.2 France: Fired Air Heaters Market, Revenue and Forecast to 2028
9.1.1.2.1 France: Fired Air Heaters Market Breakdown, by Type
9.1.1.2.2 France: Fired Air Heaters Market Breakdown, by End-User
9.1.1.3 Italy: Fired Air Heaters Market, Revenue and Forecast to 2028
9.1.1.3.1 Italy: Fired Air Heaters Market Breakdown, by Type
9.1.1.3.2 Italy: Fired Air Heaters Market Breakdown, by End-User
9.1.1.4 UK: Fired Air Heaters Market, Revenue and Forecast to 2028
9.1.1.4.1 UK: Fired Air Heaters Market Breakdown, by Type
9.1.1.4.2 UK: Fired Air Heaters Market Breakdown, by End-User
9.1.1.5 Russia: Fired Air Heaters Market, Revenue and Forecast to 2028
9.1.1.5.1 Russia: Fired Air Heaters Market Breakdown, by Type
9.1.1.5.2 Russia: Fired Air Heaters Market Breakdown, by End-User
9.1.1.6 Rest of Europe: Fired Air Heaters Market, Revenue and Forecast to 2028
9.1.1.6.1 Rest of Europe: Fired Air Heaters Market Breakdown, by Type
9.1.1.6.2 Rest of Europe: Fired Air Heaters Market Breakdown, by End-User
10. Europe Fired Air Heaters Market - COVID-19 Impact Analysis
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 ALLMAND BROS., INC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Pirobloc, S.A.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 SIGMA THERMAL, INC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Wacker Neuson SE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Zeeco, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Fired Air Heaters Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Fired Air Heaters Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 3. Germany: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 4. Germany: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 5. France: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 6. France: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 7. Italy: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 8. Italy: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 9. UK: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 10. UK: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 11. Russia: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 12. Russia: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 13. Rest of Europe: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 14. Rest of Europe: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Fired Air Heaters Market Segmentation
Figure 2. Europe Fired Air Heaters Market Segmentation – By Country
Figure 3. Europe Fired Air Heaters Market Overview
Figure 4. Direct Fired Air Heaters Held the Largest Market Share in 2020
Figure 5. Chemicals Held the Largest Market Share in 2020
Figure 6. The UK was the Largest Revenue Contributor in 2020
Figure 7. Europe – PEST Analysis
Figure 8. Europe Fired Air Heaters Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Europe Fired Air Heaters Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Fired Air Heaters Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Fired Air Heaters Market Revenue Breakdown, by type, 2020 and 2028 (%)
Figure 13. Europe Direct Fired Air Heater: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Indirect Fired Air Heater: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Fired Air Heaters Market Breakdown, By End-User, 2020 and 2028 (%)
Figure 16. Europe Manufacturing: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Chemicals: Fired Air Heaters Market- Revenue and Forecast To 2028 (US$ Million)
Figure 18. Europe Mining: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Construction: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Oil and Gas: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Pharmaceuticals: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Food: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Others: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe: Fired Air Heaters Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 25. Europe: Fired Air Heaters Market Breakdown, by Country, 2020 & 2028(%)
Figure 26. Germany: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 27. France: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 28. Italy: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 29. UK: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 30. Russia: Fired Air Heaters Market, Revenue and Forecast, to 2028 (US$ Million)
Figure 31. Rest of Europe: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets
- ALLMAND BROS., INC
- Pirobloc, S.A.
- SIGMA THERMAL, INC
- Wacker Neuson SE
- Zeeco, Inc.
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