Middle East & Africa Fired Air Heaters Market

Market Introduction

The Middle East & Africa fired air heater market is projected to register a decent CAGR during the forecast period. Process air heaters and industrial air heaters are both available in the regional market. The heating air intensity of industrial air heaters can be modified according to the input voltage, making it an efficient option for industrial sectors. This is augmenting the market growth in the region. In the oil & gas industry, fired heaters heat thermodynamic fluids, process fluids, feedstock, charge heating, steam heating, and thermal cracking in refineries. Over the last two decades, the Middle East countries have made enormous expenditures to improve their crude oil processing capacity. These investments continued to bolster the market in the early 2020s. Moreover, the region has also been working to diversify its product line by constructing big petrochemical plants. The region's investment plans aim to integrate refineries and chemical plants to produce even more value-added goods from local crude.  Mines use the ventilation system to heat the new inlet air. Recently, it has been observed that the mining sector in the Gulf Cooperation Council is making rapid progress in exploiting the region's natural resources. Rather than relying solely on oil & gas earnings, the GCC countries have prioritized economic diversification, investing in non-oil areas such as mining to grow their economies and create jobs. The GCC countries are depending heavily on mineral reserves such as gold, silver, iron ore, copper, and bauxite to realize this. Mineral deposits leftover after desalinating seawater, such as magnesium, are also recycled. The GCC possesses vast undeveloped mineral reserves of many types, which might evolve into a significant industry with investment. Therefore, the rapid growth in the mining industry is anticipated to augment the fired air heaters market in the region.

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.  

Middle East & Africa Fired Air Heaters Strategic Insights

Strategic insights for the Middle East & Africa Fired Air Heaters provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Fired Air Heaters Report Scope

Middle East & Africa Fired Air Heaters Regional Insights

The geographic scope of the Middle East & Africa Fired Air Heaters refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The MEA fired air heaters market is expected to grow from US$ 23.67 million in 2021 to US$ 30.71 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028. In the oil & gas industry, fired heaters heat thermodynamic fluids, process fluids, feedstock, charge heating, steam heating, and thermal cracking in refineries. The unit type depends on the application and whether it is a "vertical cylindrical" or a "box-type furnace." These devices are available for installation, either offshore or onshore. Fired air heaters, which are common in refineries and petrochemical industries, pose serious safety concerns. Various process fluids are heated, vaporized, and thermally cracked using them. These heaters must control the system to ensure adequate fuel combustion and safe operation and control temperature and charge rate. The governments of various economies are taking several measures to attract private investments in oil & gas development.  The Adana Refinery and Petrochemical Complex in Turkey, for instance, aims to reduce reliance on imports in the energy, mining, refining, and petrochemical industries. The project is currently in the feasibility stage, with a US$ 10 billion investment from a Turkish wealth fund disclosed in December of last year. Expropriation of a 10 million square meter block of land for the planned facilities is the first step. It will be constructed in Ceyhan, Turkey, which is regarded as a petrochemical products hub. It is expected to contribute roughly US$ 1.5 billion per year to Turkey's trade deficit, decreasing its annual petrochemical import cost of US$ 13 billion. A wealth of potential has unfolded as African governments open up development prospects and firms invest extensively in new areas. The Gas Revolution Industrial Park (GRIP), a downstream refinery and petrochemical complex in Nigeria's Delta area, has been in the works for a long time. The Nigerian National Petroleum Corporation (NNPC) owns the entire complex, containing several new chemical factories that would utilize Nigeria's plentiful natural gas as a feedstock. The GRIP has been declared a tax-free zone because it is a government-owned project, allowing for faster planning and access to a broader range of resources. The rise in oil & gas refinery capacity and expansion of petrochemical and specialty chemicals sectors are driving the MEA fired air heaters market.

Key Market Segments

In terms of type, the direct fired air heater segment accounted for the largest share of the MEA fired air heaters market in 2020. In terms of end-user, the chemicals segment held a larger market share of the MEA 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 MEA 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 MEA 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 MEA fired air heaters market 
• Efficiently plan M&A and partnership deals in MEA 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 MEA fired air heaters market
• Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA Fired Air Heaters Market Segmentation

MEA Fired Air Heaters Market - By Type

• Direct Fired Air Heater
• Indirect Fired Air Heater

MEA Fired Air Heaters Market -

By End-User

• Manufacturing
• Chemicals
• Mining
• Construction
• Oil & Gas
• Pharmaceuticals
• Food
• Others 

MEA Fired Air Heaters Market - By Country

• Saudi Arabia
• UAE
• South Africa 
• Rest of MEA

MEA Fired Air Heaters Market - Company Profiles

• ALLMAND BROS., INC
• Pirobloc, S.A.    
• SIGMA THERMAL, INC
• Wacker Neuson SE
• Zeeco, Inc.