Market Overview:
The global refinery heaters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the refinery heaters market can be attributed to the increasing demand for refined products, especially in developing countries. In addition, the growing demand for power and chemical industry is also expected to drive the growth of this market during the forecast period. The global refinery heaters market can be segmented on the basis of type, application and region. On the basis of type,the global refinery heatermarket can be segmented into vertical cylindrical heaters and cabin heaters. Cabinheaters are used in applications such as oil & gas refineries, petrochemical plantsand other industries where high-temperature air is required for combustion or drying purposes.
Product Definition:
Refinery heaters are used to heat up the fluid inside the refinery. This fluid can be oil, natural gas or any other product that is processed in the refinery. The main purpose of a refinery heater is to make sure that the fluid is at a consistent temperature so that it can be processed correctly.
Vertical Cylindrical Heaters:
Vertical cylindrical heaters are vertical cylinders made of refractory material, which are used in the oil refinery for heating purposes. These heaters can be fueled by various fuels including residual fuel oils, gas oils and other liquid fuels. Vertical cylindrical heaters have a capacity ranging from 5 to 200 MBTU per hour and their installation is easy owing to their simple design.
Cabin Heaters:
Cabin heaters are used to provide heat to the Refinery Heaters. They are installed in the outer shell of a refinery structure, which is generally made up of steel and hence acts as a protective barrier for the equipment located within it. The cabin heater provides heat to all areas equally unlike other forms of heating such as hot water tanks or steam generators where only one part gets heated at a time.
Application Insights:
The oil & gas application segment led the global refinery heater market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing crude oil prices, which has resulted in an increased demand for petroleum products including gasoline and diesel across the globe.
Refinery heaters are used for heating various processes including FCC, catalytic reforming, hydrotreating and desulphurization units along with other applications such as power generation and chemical manufacturing. Petroleum refineries produce large amount of waste heat that can be utilized by these heaters without additional costs or energy consumption on part of the plant owners/operators.
Power industry is one of the major consumers owing to growing electricity needs across various regions coupled with low-cost fuel sources such as coal that have resulted in high electricity generation rates globally over recent years.
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region is attributed to increasing demand from end-users such as power, chemical, oil & gas industries. Asia Pacific refinery industry has witnessed significant growth owing to factors such as growing economies, rising population along with increasing per capita income levels that have resulted in increased consumer spending on energy products.
The Middle East & Africa (MEA) refinery heaters market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% over the forecast period owing to rapid development plans for petroleum refining activities across countries including Saudi Arabia, UAE and Egypt among others which are anticipated to drive product demand during the forecast years.
Growth Factors:
- Increasing demand for refined petroleum products: The growth of the refinery heaters market is mainly driven by the increasing demand for refined petroleum products, especially in developing countries.
- Rising investments in refineries: There has been a significant rise in investments made in refineries across the world, which is expected to drive the growth of the refinery heaters market during the forecast period.
- Technological advancements: The refinery heaters market is witnessing rapid technological advancements, which is resulting in improved product efficiency and reduced emissions levels. This is likely to boost the growth of this market during the forecast period.
- Stringent environmental regulations: Stringent environmental regulations are encouraging companies to invest in more energy-efficient and environment-friendly refinery heater technologies, thereby propellingthegrowthoftherefineryheatersmarketduringtheforecastperiod . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Refinery Heaters Market Research Report
By Type
Vertical Cylindrical Heaters, Cabin Heaters
By Application
Oil & Gas, Power Industry, Chemical Industry, Other
By Companies
Amec Foster Wheeler, Petro-Tech - Heat Transfer, ClearSign, Broach, YanXin, Emerson, Subhash Engineering Works, Amec Foster Wheeler
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
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Refinery Heaters Market Report Segments:
The global Refinery Heaters market is segmented on the basis of:
Types
Vertical Cylindrical Heaters, Cabin Heaters
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
Oil & Gas, Power Industry, Chemical Industry, Other
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:
- Amec Foster Wheeler
- Petro-Tech - Heat Transfer
- ClearSign
- Broach
- YanXin
- Emerson
- Subhash Engineering Works
- Amec Foster Wheeler
Highlights of The Refinery 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:
- Vertical Cylindrical Heaters
- Cabin Heaters
- By Application:
- Oil & Gas
- Power Industry
- Chemical Industry
- Other
- 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 Refinery 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Refinery heaters are used to increase the efficiency of a refinery by heating the oil or gas that is being processed. This increases the amount of product that can be produced per hour, which in turn reduces costs and improves profitability.
Some of the key players operating in the refinery heaters market are Amec Foster Wheeler, Petro-Tech - Heat Transfer, ClearSign, Broach, YanXin, Emerson, Subhash Engineering Works, Amec Foster Wheeler.
The refinery 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 Refinery 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 Refinery Heaters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refinery 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 Refinery 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 Refinery Heaters Market Size & Forecast, 2020-2028
4.5.1 Refinery Heaters Market Size and Y-o-Y Growth
4.5.2 Refinery 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 Vertical Cylindrical Heaters
5.2.2 Cabin Heaters
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 Oil & Gas
6.2.2 Power Industry
6.2.3 Chemical Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refinery 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 Refinery 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 Vertical Cylindrical Heaters
9.6.2 Cabin Heaters
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 Oil & Gas
9.10.2 Power Industry
9.10.3 Chemical Industry
9.10.4 Other
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 Vertical Cylindrical Heaters
10.6.2 Cabin Heaters
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 Oil & Gas
10.10.2 Power Industry
10.10.3 Chemical Industry
10.10.4 Other
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 Vertical Cylindrical Heaters
11.6.2 Cabin Heaters
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 Oil & Gas
11.10.2 Power Industry
11.10.3 Chemical Industry
11.10.4 Other
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 Vertical Cylindrical Heaters
12.6.2 Cabin Heaters
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 Oil & Gas
12.10.2 Power Industry
12.10.3 Chemical Industry
12.10.4 Other
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 Vertical Cylindrical Heaters
13.6.2 Cabin Heaters
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 Oil & Gas
13.10.2 Power Industry
13.10.3 Chemical Industry
13.10.4 Other
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 Refinery Heaters Market: Competitive Dashboard
14.2 Global Refinery Heaters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amec Foster Wheeler
14.3.2 Petro-Tech - Heat Transfer
14.3.3 ClearSign
14.3.4 Broach
14.3.5 YanXin
14.3.6 Emerson
14.3.7 Subhash Engineering Works
14.3.8 Amec Foster Wheeler
