Market Overview:
The global air process heaters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for heating and cooling applications in various industries, such as commercial and industrial. In terms of type, the aluminum segment is expected to grow at a higher CAGR than the steel segment during the forecast period. This growth can be attributed to its properties, such as light weight, corrosion resistance, and thermal conductivity. In terms of application, the commercial appliance segment is expected to grow at a higher CAGR than the industrial segment during the forecast period.
Product Definition:
Air process heaters are used to heat air prior to its entry into a piece of manufacturing or processing equipment. The heated air can help improve the efficiency of the equipment by reducing the amount of energy needed to bring the temperature of the incoming material up to an acceptable level. Air process heaters may also be used to help dry materials prior to further processing.
Aluminum:
Aluminum is a metal and has the highest heat transfer coefficient of any material. It also has excellent electrical conductivity, ductility, malleability and high strength. These properties make it very useful in various industries such as automotive & transportation, electronics & electrical power generation among others. The growing demand for aluminum from these end-use industries along with its superior properties makes it an ideal heat exchanger material as well.
Steel:
Steel is a metal and has different properties depending upon the method of melting. It can be classified into two types based on it's physical appearance i.e. carbon steel and stainless steel, depending upon the percentage of chromium in it's composition. The most commonly used type of steel in air process heaters is carbon steel as they have high strength & durability but are expensive due to their superior quality which gives them an edge over other metals available in the market today (2012).
Application Insights:
The commercial application segment dominated the global air process heaters market in 2017, accounting for over 60.0% share of the total revenue. The segment is expected to witness significant growth on account of rising demand from residential and commercial applications including food & beverage, chemical, petrochemical and pharmaceutical industries.
Air heaters are used in numerous industrial processes including glass manufacturing, cement production and paper making where large amount of steam is required to raise the temperature at which a particular process takes place or an operation is carried out successfully. These industrial air heaters provide cost-effective solutions by heating up to 10 tons of water at a time using combustion gases resulting in low fuel consumption rates as compared to other fossil fueled technologies such as boilers or gas turbines used for similar purposes.
Regional Analysis:
Asia Pacific air process heaters market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing industrial activities in countries such as China, India, and Japan. In addition, rising construction activities in these economies are anticipated to drive the product demand further. Furthermore, rapid growth of end-use industries such as food & beverage and pharmaceuticals is projected to fuel the regional market growth over the forecast period.
Europe was estimated as one of the largest markets for APS with a revenue share of more than 25% in 2017 owing high consumption levels coupled with stringent environmental regulations by bodies like Health & Safety Executive (HSE) limiting production capacities across numerous industries including chemicals.
Growth Factors:
- Increasing demand for air process heaters from the end-use industries, owing to the growing need for heating and drying applications in various industrial processes
- Rising demand for energy-efficient air process heaters, due to stringent government regulations on energy consumption
- Growing popularity of infrared (IR) air process heaters, as they offer high thermal efficiency and low operating costs
- Proliferation of microprocessors and smart controls in air process heaters, which enables better temperature control and energy savings
- Increasing adoption of regenerative thermal oxidizers (RTOs) in place of traditional incinerators or catalytic oxidizers, owing to their ability to recover waste heat
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Process Heaters Market Research Report
By Type
Aluminum, Steel
By Application
Commercial Appliance, Industrial
By Companies
Backer Hotwatt, Tempco Electric Heater, Belilove Company-Engineers, BriskHeat, Watlow, Indeeco, Heatrex, Wattco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Air Process Heaters Market Report Segments:
The global Air Process Heaters market is segmented on the basis of:
Types
Aluminum, Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Appliance, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Backer Hotwatt
- Tempco Electric Heater
- Belilove Company-Engineers
- BriskHeat
- Watlow
- Indeeco
- Heatrex
- Wattco
Highlights of The Air Process Heaters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aluminum
- Steel
- By Application:
- Commercial Appliance
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Process Heaters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An air process heater is a type of heating and cooling equipment used to heat or cool air.
Some of the major companies in the air process heaters market are Backer Hotwatt, Tempco Electric Heater, Belilove Company-Engineers, BriskHeat, Watlow, Indeeco, Heatrex, Wattco.
The air process heaters market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Process Heaters Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air Process Heaters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air Process Heaters Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air Process Heaters Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air Process Heaters Market Size & Forecast, 2020-2028
4.5.1 Air Process Heaters Market Size and Y-o-Y Growth
4.5.2 Air Process Heaters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Aluminum
5.2.2 Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Appliance
6.2.2 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Process Heaters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Process Heaters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Aluminum
9.6.2 Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Appliance
9.10.2 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Aluminum
10.6.2 Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Appliance
10.10.2 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Aluminum
11.6.2 Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Appliance
11.10.2 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Aluminum
12.6.2 Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Appliance
12.10.2 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Aluminum
13.6.2 Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Appliance
13.10.2 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Process Heaters Market: Competitive Dashboard
14.2 Global Air Process Heaters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Backer Hotwatt
14.3.2 Tempco Electric Heater
14.3.3 Belilove Company-Engineers
14.3.4 BriskHeat
14.3.5 Watlow
14.3.6 Indeeco
14.3.7 Heatrex
14.3.8 Wattco
