Report Code: A09299 | Pages: NA | Mar 2023 | 811 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Crude Heater Market
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
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.
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.
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.
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Crude Heater Market: Global Opportunity Analysis and Industry Forecast 2020 - 2027 Report Highlights
Aspects | Details |
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By end-use industry |
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By Region |
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Key Market Players | 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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