North 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)

TIPRE00026089 | Pages: 119 | Electronics and Semiconductor | Nov 2021 | Type: Regional | Status: Published

Market Introduction

North America dominates the market, owing to a substantial number of fired air heater manufacturers across the US and Canada.  The market is expected to experience growth in the forthcoming years, owing to the rise in demand for clean production technology, reducing the dependency on carbon-emitting propellants. North America's chemical sector is undergoing a once-in-a-generation rebirth. This large and diverse industry's growth rate tends to match GDP, although a number of variables are likely to increase the industry's growth. The significant chemical industry in North America also leads to an increase in carbon footprints, owing to which the demand for fired air heaters in the region is mounting. For instance, according to the US Energy Information Administration, the US emitted 5.1 billion metric tons of energy-related carbon dioxide in 2019. With the government intervention, chemical processing players are increasingly emphasizing the usage of fired air heaters to avoid their contributions to increasing carbon footprints. Moreover, growth in the construction activities in the region is further escalating the growth of the fired air heaters market. The residential sector was a key driver of the pick-up in building in the US and Canada in 2018, with cheap borrowing costs and wage growth continuing to stimulate the demand for more dwelling units. The construction business in the US is one of the world's largest, with private spending reaching US$ 977 billion in 2019 and 11.2 million people employed in the sector. In addition, the construction industry is predicted to grow at a noteworthy rate in the upcoming years. As a result of the expanding construction industry, the market for fired air heaters is likely to rise.

The massive COVID-19 outbreak has created a health crisis and an economic crisis in the US. It has led to major disruptions in construction, mining, chemical, automobile, and aerospace, impacting everything from supply chain and manufacturing to product sales. The fired air heater manufacturers and service providers in the region are also affected due to nationwide lockdowns and travel restrictions, production facilities shut down, and employee shortage in response to the COVID-19 pandemic. The pandemic has, directly and indirectly, impacted the industry’s short-term and long-term strategies. The pandemic has reached an unprecedented level for the manufacturing industry in North America, with increasing net losses and delays in recovery. North America’s mining and chemical industries were some of the strongest performers in the pre-crisis period. However, studies estimated a loss of approximately US$ 100 billion in 2020 in the region. Nevertheless, following the recovery in 2021, the North American mining industry’s net profit margin is anticipated to improve to –14% in 2020. The presence of large domestic markets is anticipated to drive the improvement. The region is expecting market recovery from the economic disruption. Recovery in demands for resuming construction activities, chemicals, and mining activities coupled with government stimulus is anticipated to boost manufacturing and sales of fired air heaters.


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Market Overview and Dynamics 

The North America fired air heaters market is expected to grow from US$ 187.65 million in 2021 to US$ 253.49 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. Major players in the market have adopted product launch and business expansion as their key developmental strategies to offer better products and services to customers in the fired air heaters industry. For instance, Sigma Thermal combined with Flarectec in April 2019 to increase its capacity to supply high-quality heating solutions for industrial applications. It has strengthened its direct fired heater experience and product line by working together. Radiant-convective heaters, convection heaters, and radiant heaters are among the three types of direct-fired heaters that it designs and manufactures. Similarly, 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 to boost manufacturing capacity and speed-to-market with new technologies. Allmand will be able to fulfil rising demand for its products across all of its sectors, including oil and gas, construction, and infrastructure, by extending the footprint, capabilities, and efficiency of its current facilities. The market is expected to become more competitive during the forecast period, as many companies from various sectors are eyeing the potential benefits of fired air heaters to use the huge opportunities in the market. With all these strategies the companies enhance their product offerings and footprint across all industries, therefore boosting the annual revenue growth.

Key Market Segments

In terms of type, the direct fired air heater segment accounted for the largest share of the North America fired air heaters market in 2020. In terms of end-user, the chemicals segment held a larger market share of the North America 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 North America 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; Exotherm Corporation; Hastings HVAC, Inc.; Pirobloc, S.A.; SIGMA THERMAL, INC; Stelter & Brinck, Ltd.; Tamarack Industries; Therm Dynamics; Wacker Neuson SE; and Zeeco, Inc.

Reasons to buy report

  • To understand the North America 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 North America fired air heaters market 
  • Efficiently plan M&A and partnership deals in North America 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 North America fired air heaters market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

 North America Fired Air Heaters Market Segmentation

North America Fired Air Heaters Market - By Type

  • Direct Fired Air Heater
  • Indirect Fired Air Heater

North America Fired Air Heaters Market - By End-User

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

North America Fired Air Heaters Market - By Country

  • US
  • Canada
  • Mexico

North America Fired Air Heaters Market - Company Profiles

  • ALLMAND BROS., INC 
  • Exotherm Corporation
  • Hastings HVAC, Inc.
  • Pirobloc, S.A.
  • SIGMA THERMAL, INC   
  • Stelter & Brinck, Ltd.
  • Tamarack Industries
  • Therm Dynamics
  • 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.           North America Fired Air Heaters Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Fired Air Heaters Market – Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Growth in Oil & Gas Refinery Capacity

5.1.2        Rising Demand for Heating Equipment for Industrial Application

5.2         Key Market Restraints

5.2.1        Longer Life Span and Operational Issues

5.3         Key Market Opportunities

5.3.1        Increasing Initiatives by Market Players

5.4         Future Trends

5.4.1        Upsurge in the Construction Sector

5.5         Impact Analysis of Drivers and Restraints

6.           Fired Air Heaters Market – North America Analysis

6.1         North America Fired Air Heaters Market Overview

6.2         North America Fired Air Heaters Market – Revenue and Forecast to 2028 (US$ Million)

7.           North America Fired Air Heaters Market Analysis – By Type

7.1         Overview

7.2         North America 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.           North America Fired Air Heaters Market Analysis – By End-User

8.1         Overview

8.2         North America 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.           North America Fired Air Heaters Market – Country Analysis

9.1         Overview

9.1.1        North America: Fired Air Heaters Market Breakdown, by Country

9.1.1.1          US: Fired Air Heaters Market, Revenue and Forecast to 2028

9.1.1.1.1          US: Fired Air Heaters Market Breakdown, by Type

9.1.1.1.2          US: Fired Air Heaters Market Breakdown, by End-User

9.1.1.2          Canada: Fired Air Heaters Market, Revenue and Forecast to 2028

9.1.1.2.1          Canada: Fired Air Heaters Market Breakdown, by Type

9.1.1.2.2          Canada: Fired Air Heaters Market Breakdown, by End-User

9.1.1.3          Mexico: Fired Air Heaters Market, Revenue and Forecast to 2028

9.1.1.3.1          Mexico: Fired Air Heaters Market Breakdown, by Type

9.1.1.3.2          Mexico: Fired Air Heaters Market Breakdown, by End-User

10.        North America Fired Air Heaters Market - COVID-19 Impact Analysis

10.1      North America: 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      Exotherm Corporation

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      Hastings HVAC, 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      Pirobloc, S.A.

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      SIGMA THERMAL, 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

12.6      Stelter & Brinck, Ltd.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Tamarack Industries

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Therm Dynamics

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Wacker Neuson SE

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Zeeco, Inc.

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             North America Fired Air Heaters Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America: Fired Air Heaters Market, Revenue and Forecast To 2028 – By Country (US$ Million)

Table 3.             US: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 4.             US: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 5.             Canada: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 6.             Canada: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 7.             Mexico: Fired Air Heaters Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 8.             Mexico: Fired Air Heaters Market, Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 9.             List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Fired Air Heaters Market Segmentation

Figure 2.           North America Fired Air Heaters Market Segmentation – By Country

Figure 3.           North America 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 US was the Largest Revenue Contributor in 2020

Figure 7.           North America– PEST Analysis

Figure 8.           North America Fired Air Heaters Market– Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        North America Fired Air Heaters Market: Impact Analysis of Drivers and Restraints

Figure 11.        North America Fired Air Heaters Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        North America Fired Air Heaters Market Revenue Breakdown, by type, 2020 and 2028 (%)

Figure 13.        North America Direct Fired Air Heater: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Indirect Fired Air Heater: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America Fired Air Heaters Market Breakdown, By End-User, 2020 and 2028 (%)

Figure 16.        North America Manufacturing: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)

Figure 17.        North America Chemicals: Fired Air Heaters Market- Revenue and Forecast To 2028 (US$ Million)

Figure 18.        North America Mining: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)

Figure 19.        North America Construction: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America Oil and Gas: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)

Figure 21.        North America Pharmaceuticals: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)

Figure 22.        North America Food: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)

Figure 23.        North America Others: Fired Air Heaters Market- Revenue and Forecast to 2028 (US$ Million)

Figure 24.        North America: Fired Air Heaters Market Revenue Overview, by Country (2020) (US$ Mn)

Figure 25.        North America: Fired Air Heaters Market Breakdown, by Country, 2020 & 2028 (%)

Figure 26.        US: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Canada: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Mexico: Fired Air Heaters Market, Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Impact of COVID-19 Pandemic in North America Country Markets

  1. ALLMAND BROS., INC
  2. Exotherm Corporation
  3. Hastings HVAC, Inc.
  4. Pirobloc, S.A.
  5. SIGMA THERMAL, INC
  6. Stelter & Brinck, Ltd.
  7. Tamarack Industries
  8. Therm Dynamics
  9. Wacker Neuson SE
  10. Zeeco, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America fired air heaters market.   
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America fired air heaters market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the fired air heaters market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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