What is Global Indirect Fired Air Heater Market?
The Global Indirect Fired Air Heater Market is a comprehensive study of the various aspects of the industry, including its size, growth, trends, and forecast. This market is primarily concerned with the production and distribution of indirect fired air heaters, which are devices that provide a reliable and efficient method of heating and circulating air in a variety of industrial and commercial applications. These heaters work by combusting fuel in a chamber and then using a heat exchanger to transfer the heat to the air, without the air coming into direct contact with the combustion process. This makes them ideal for use in environments where clean, breathable air is required. The global market for these heaters is substantial, with a value of US$ 80 million in 2022. It is expected to grow at a steady pace, reaching a projected value of US$ 93 million by 2029. This represents a compound annual growth rate (CAGR) of 2.1% over the forecast period from 2023 to 2029.
Under 500 K BTU/H, 500-1000 K BTU/H, Over 1000 K BTU/H in the Global Indirect Fired Air Heater Market:
The Global Indirect Fired Air Heater Market is segmented based on the capacity of the heaters, with categories including Under 500 K BTU/H, 500-1000 K BTU/H, and Over 1000 K BTU/H. The Under 500 K BTU/H segment is the largest, accounting for nearly 60% of the market. These heaters are typically used in smaller applications, such as residential heating or small commercial spaces. The 500-1000 K BTU/H heaters are used in larger commercial and industrial applications, while the Over 1000 K BTU/H heaters are used in very large industrial applications or in situations where a large amount of heat is required quickly. The market for these heaters is dominated by a small number of manufacturers, with the top five companies holding a combined market share of nearly 50%.
Oil and Gas, Airline, Mining and Construction, Other in the Global Indirect Fired Air Heater Market:
The Global Indirect Fired Air Heater Market finds its applications in a variety of sectors, including Oil and Gas, Airline, Mining and Construction, and Others. In the Oil and Gas sector, these heaters are used to provide heat for various processes, such as refining and distillation. In the Airline industry, they are used to heat hangars and other large spaces. In the Mining and Construction sectors, these heaters are used to provide heat in remote locations or in situations where a large amount of heat is required quickly. The Other category includes a variety of applications, such as heating large commercial spaces or providing heat for agricultural processes.
Global Indirect Fired Air Heater Market Outlook:
The global Indirect Fired Air Heater market, valued at US$ 80 million in 2022, is projected to reach US$ 93 million by 2029, growing at a CAGR of 2.1% during the forecast period 2023-2029. The market is dominated by a handful of manufacturers, with the top five holding nearly half of the market share. The largest segment of the market is the Under 500 K BTU/H category, which accounts for nearly 60% of the total market. This segment includes heaters that are typically used in smaller applications, such as residential heating or small commercial spaces.
| Report Metric | Details |
| Report Name | Indirect Fired Air Heater Market |
| Accounted market size in 2022 | US$ 80 in million |
| Forecasted market size in 2029 | US$ 93 million |
| CAGR | 2.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Mac Heaters, Therm Dynamics, Torqued Heat, Allmand, Rotational Energy, Thawzall, Multitek, ConleyMax Heaters, Flagro, JetHeat, Tioga Air Heaters, Wacker Neuson |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
