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Crude Heater Market: Global Opportunity Analysis and Industry Forecast 2020 - 2027
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Request Now !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.Â
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. |
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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.Â
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.Â
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?
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:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
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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
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
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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:
- Validates and improves the data quality and strengthens research proceeds
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