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Allied Market Research

Crude Heater Market: Global Opportunity Analysis and Industry Forecast 2020 - 2027

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Dec 2020 | 60 Views
 
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A crude heater is used for heating the fuel oil to a desired or prerequisite temperature before combusting it in a boiler. To ensure efficient operations in an oil & gas industry, plant managers equip their facilities with superior, dependable, and durable industrial heating systems. These heaters are used to reduce the amount of pollution and increase the performance of the equipment. Moreover, crude heaters are utilized for complete combustion of the fuel oil. They are used to ensure higher separation properties as well as enhance the fluidity of the crude oil. For example, cold and viscous oil imposes high pressure in the process systems, which in turn, hampers the performance of the systems. Additionally, it is used to lower the viscosity of crude oils by preheating the material. The global crude heater market is anticipated to rise over the forecast period, owing to the product’s beneficial properties. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period 

  2020–2027

  Forecast unit

  Million (USD)

  Segments covered

  End-use Industry

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

Companies covered

Amec Foster Wheeler, Exotherm Corporation, American Heating Company, C. Broach Company, Thermotech Systems Ltd., Chromalox Inc., Garcem Engineers, Solutia Inc., Paratherm Corporation, Radco Industries Inc.

 

Based on end-use industry:

  • Oil
  • Chemical
  • Cement
  • Polymer
  • Food Processing
  • Metal
  • Wood
  • Paper Mills
  • Industrial Laundries
  • Glass Industry
  • Others

COVID-19 scenario analysis:

Many of the industries are facing tough situation due to COVID-19 pandemic. The global crude heater market has been impacted negatively due to the coronavirus situation. The prices of crude oil have reduced drastically. The worldwide lockdown has reduced the demand for automobiles, which reduces the fuel consumption. Moreover, international travel ban is expected to further reduce the demand for oil from the aviation sector. These factors reduce the demand for crude heater during the forecast period.

Top impacting factors: Market scenario analysis, trends, and drivers

The growing demand for efficient and durable crude heaters in the oil & gas industry is expected to be the main growth driver for the global crude heater market. The oil industry is expected to witness constant increase within the near future due to the growing demand for fuel and gas. The constantly increasing demand for refinery products across numerous end-use sectors is an indication for the future demand for high-quality crude oil. Lack of training among workers in specific regions is anticipated to hamper the growth of the global crude heater market throughout the forecast period. Leakage of oil inside the combustion area leads to mishaps, which further restrains the market growth of crude heater over the forecast period.

The ongoing trend gaining momentum within the oil & gas industry is the introduction of the flameless combustion method by Great Southern Flameless (GSF). This technology was brought in the glass and metal industry a few years before, as both these industries perform at very high temperatures and run at steady constant state conditions, which are considered to be perfect conditions for flameless combustion. The commercialization of flameless fired crude heaters demanded numerous design capabilities to have a flameless heater working in the refining environment.

Regional insights

On the basis of region, the global crude heater market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Asia-Pacific is a key opportunistic region in the global market, owing to the setting up of latest refineries to satisfy the growing demand for brand new units in developing nations. This factor can positively affect the global crude heater market over the forecast period. The growing number of refinery initiatives in Europe and the Middle East, specifically Russia, Kazakhstan, Saudi Arabia, and many others, is anticipated to propel the demand for crude heaters.

Key benefits of the report:

  • This study presents the analytical depiction of the global crude heater market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global crude heater market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global crude heater market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the crude heater market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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