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)

Code: TIPRE00026088 | Pages: 84 | Industry: Electronics and Semiconductor | Date: Nov 2021 | Type: Regional

Market Introduction

The need to heat thermic fluids, process fluids, and feedstock is compelling oil & gas companies to use fired air heaters. Since a decade ago, oil output in Central and South America has peaked at more than 7 million barrels per day. 7.5 million Barrels per day is the most recent statistic. Venezuela and Brazil currently control the majority of Central and South American oil output. According to studies, South America and Central America are rich in energy resources, particularly oil, and are one of the world's major oil and gas producing regions. The region possessed one-fifth of the world's proven oil reserves as of the end of 2016. Moreover, in the region, oil demand is increasing. Brazil's rising prosperity is palpable. In Central and South America, it accounts for the majority of demand. This is further creating potential growth opportunities for the market. Moreover, thermal fluid, electric, or gas-fired process heaters, and waste heat recovery systems can all be used for suction heating in the mining and minerals industry. South America's mining sector has been on the rise for several years, with international investors from all corners of the globe joining the market to take advantage of the region's rich natural resources and low-cost labor market. Furthermore, the sector is likely to continue its upward trend, with markets such as Brazil selling off mining areas to raise cash, generate employment, and attract foreign direct investment (FDI). According to data given by World Mining Data 2019, Latin America accounted for 6.6% of total world mining production in that year (compared with, for example, 5.6 % from Africa; although, placing that in context, 57.9% of global production originated from Asia). The outbreak of COVID-19 has had a significant impact on the mining and natural gas industries in SAM, resulting in reduced demands and significant losses in the region. According to studies, South America had been one of the worst-affected regions by the COVID-19 outbreak, with drilling activity down about 50% from 2019 levels last year. Adequate funding and strategies by the government authorities and key market players are anticipated to boost the regional market growth.

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.   


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Market Overview and Dynamics  

The SAM fired air heaters market is expected to grow from US$ 14.58 million in 2021 to US$ 18.22 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. Boilers, heat pumps, and furnaces are industrial heating equipment used in chemical, food, construction, mining, and other industries to carry out production processes. A boiler is a closed vessel in which water or another liquid is heated and steam is formed, subsequently used to drive machines when dispensed under high pressure. Furthermore, a heat pump is a device that transfers heat to warm or cool areas. Moreover, furnaces are essential components of a central heating system. In amine and glycol reboilers, the corrosive hydrogen sulfide and carbon dioxide gases must be removed from hydrocarbon steam before the respective fuels may be stored or introduced into the pipeline in natural gas and crude oil refining. Similar to natural gas steam, glycol is used to remove water from natural gas before distribution. Because of its cheap maintenance and simplicity, this type of heater is used in natural gas, crude oil, and processing sectors. In the chemical process sector, fired heaters are commonly used to heat process fluids and generate steam. In most cases, fired heaters consume the most energy in the process industry. A box-type heater with vertical tubes is utilized to heat a hydrocarbon fluid for this investigation. Elution heaters, a specialized application of fired air heaters that requires a distinct and unique design, are used in the mining industry. Elution is the process of extracting one material from another by washing with a solvent, nearly always with the addition of heat, in analytical and organic chemistry. Minerals such as gold are extracted using exchangers. A mineral and solvent solution circulates on one side of the exchanger and a heat-transmitting fluid—commonly thermal fluid—distributes on the other. In the food industry, particularly in frying trains – potatoes, snacks, and precooked – is via heat transfer fluid heaters, in which thermal fluid circulates that is heated in the equipment, and its heat is transferred to the oil that fries the products above through an exchange. Some installations have been carried out here, similar to the mining elution process, where the frying oil circulates straight through the boiler, which is subsequently used as a fired air heater. In the petrochemical industry, direct fired heaters are occasionally used as heat transfer fluid heaters or indirect heaters. The good operation of the maintenance service of direct fired heaters in chemical plants and refineries, as well as the uniformity of spare parts, are the main reasons for this uptake, because as will see later, heat transfer fluid heaters are renowned for their advantages in their specific functions. Thus, the rise in demand for heating equipment for various industrial applications is driving the SAM fired air heaters market.  

Key Market Segments

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

SAM Fired Air Heaters Market Segmentation

SAM Fired Air Heaters Market - By Type

  • Direct Fired Air Heater
  • Indirect Fired Air Heater

SAM Fired Air Heaters Market - By End-User

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

SAM Fired Air Heaters Market - By Country 

  • Brazil 
  • Rest of SAM

SAM 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.           SAM Fired Air Heaters Market Landscape

4.1         Market Overview

4.2         SAM PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           SAM Fired Air Heaters Market – Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Rise in Oil & Gas Refinery Capacity

5.1.2        Rise in Demand for Heating Equipment for Industrial Application

5.2         Key Market Restraints

5.2.1        Longer Life Span and Operational Negligence

5.3         Key Market Opportunities

5.3.1        Strategic Initiatives of Market Players

5.4         Future Trends

5.4.1        Growth of Construction Sector

5.5         Impact Analysis of Drivers and Restraints

6.           Fired Air Heaters Market – SAM Analysis

6.1         SAM Fired Air Heaters Market Overview

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

7.           SAM Fired Air Heaters Market Analysis – By Type

7.1         Overview

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

8.1         Overview

8.2         SAM 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.           SAM Fired Air Heaters Market – Country Analysis

9.1         Overview

9.1.1        SAM: Fired Air Heaters Market Breakdown, by Country

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

9.1.1.1.1          Brazil: Fired Air Heaters Market Breakdown, by Type

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

9.1.1.2          Rest of SAM: Fired Air Heaters Market, Revenue and Forecast to 2028

9.1.1.2.1          Rest of SAM: Fired Air Heaters Market Breakdown, by Type

9.1.1.2.2          Rest of SAM: Fired Air Heaters Market Breakdown, by End-User

10.        SAM Fired Air Heaters Market - COVID-19 Impact Analysis

10.1      SAM: 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.             SAM Fired Air Heaters Market – Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

Table 7.             List of Abbreviation

LIST OF FIGURES

Figure 1.           SAM Fired Air Heaters Market Segmentation

Figure 2.           SAM Fired Air Heaters Market Segmentation – By Country

Figure 3.           SAM 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.           Brazil was the Largest Revenue Contributor in 2020

Figure 7.           SAM – PEST Analysis

Figure 8.           SAM Fired Air Heaters Market– Ecosystem Analysis

Figure 9.           Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 27.        Rest of SAM: Fired Air Heaters Market, Revenue and Forecast To 2028 (US$ Million)

Figure 28.        Impact of COVID-19 Pandemic in SAM Countries

  1. ALLMAND BROS., INC
  2. Pirobloc, S.A.    
  3. SIGMA THERMAL, INC
  4. Wacker Neuson SE
  5. Zeeco, Inc. 
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