Fired Heaters Market is forecast to record a volume CAGR of nearly 7% through 2028

Direct-Fired Heater Demand Buoyed by their Ability to Attain 100% Efficiency, Accounting for 70% Sales: Fact.MR

According to the recently published study by Fact.MR, the global sales of fired heaters were close to 695 units in 2018, and are estimated to register approximately 5% Y-o-Y in 2019.

 

Fired Heaters Market Snapshot

 

The fired heaters industry remains influenced by a slew of factors that range from continued adoption in chemical and petrochemical industries, to focus of manufacturers in optimizing the operational efficiencies of fired heater to minimize energy consumption.

The study finds that energy demand witnessed a remarkable rise in 2018, and the consumption continues on an upward spiral, primarily driven by pervasive rise in cooling and heating requirements.

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As fired heaters used in process industries, such as chemical, petrochemical and pharmaceutical, account for a notable energy consumption, leading manufacturers are putting efforts to optimize the heater operation even in fluctuating loads.

Development of hardware-based control schemes to reduce the NOx emissions, is another key focus area of leading players in the fired heaters market.

According to the study, the direct-fired heaters was estimated to account for over 70% market share in the global fired heaters market. The increasing consumer demand for cost-effective yet highly productive fired heaters,

coupled with a higher preference for efficient heating equipment has translated into a significant demand for direct-fired heaters, in light of their capability to attain 100% operational efficiency.

This rise in demand for direct-fired heaters is prompting leading manufacturers to focus on the development of equipment with improved air volume to heat output ratios.

 

Contact Information

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More Info:   https://www.prnob.com/release/show/fired-heaters-market-is/44547

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