Hot Air Generators Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Hot Air Generators Market Outlook - 2027

Hot air generators are the devices used to produce hot air to ensure highest possible thermal efficiency. These devices are can be operated with different types of fuels like fuel oil, light oil, and natural gas. They are specifically designed with two passes system provided with steel plate radiation chamber that is connected to a furnace. These devices offer features like robust grade casing, precise arrangement of airflow, complete combustion, filtering, and more. Apart from these they are lightweight and compact that offer a cost-effective maintenance. Furthermore, they hold major applications for heat treatment, printing, and packing in industries such as manufacturing, construction, automotive, chemical, pain and coating, and others.  

COVID-19 Scenario analysis:

• COVID-19 pandemic has shut-down the production of various products in the hot air generators industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of hot air generators market significantly from last few months, as is likely to continue during 2020. 
• COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans. Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Drivers, restraints, and opportunities

Rapid industrialization in developed and developing countries is a major factor that is expected to drive the growth of the hot air generators market in the upcoming years. Besides, a wide range of unique features offered by the hot air generators like low maintenance, durability, and remarkable performance is another key factor that can potentially fuel the growth of the hot air generators market for the next few years. Moreover, increasing demand from industries such as food & beverages, automobile, and construction supported with a notable growth in these industries in different countries like China and the U.S. can boost the demand in the hot air generators market. However, high capital investment requirement for these devices is a restraining factor that is hampering the market growth. On the contrary, manufacturers in the hot air generators market are focusing on new product developments with advanced features like fully automatic hot air generators. This factor is anticipated to provide lucrative growth opportunities for the hot air generators market during the forecast period.

Trends in the hot air generators market

Growing popularity of automatic hot air generators

Manufacturers in the hot air generators market are focusing on new product developments with advanced features to differentiate their products from others in the market. For instance, Kerone, an Indian based company offers fully automatic multi pass counter current hot air generators. These devices consist of a stainless-steel shell combustion chamber which ensures a 90% heat transfer to cold air through an outlet hole. They are provided with a fully automatic temperature sensing device at the hot air outlet which turns the burner ON-OFF at the pre-set temperatures. Such new advanced products offered by key market players can create a significant positive impact on the growth of the hot air generators market in the upcoming years.  

Increasing demand from the automobile industry

Hot air generators are used in the automobile industry for stress relief process of the materials used for automobiles. The rising demand for the hot air generators from the automobile industry supported with a positive growth of the industry in countries like China and Japan is a key factor that is expected to drive the growth of the hot air generators market in the upcoming years. According to statistics provided by the International Organization of Motor Vehicles Manufacturers, countries like China and Japan were the largest producers of automobiles in 2018. Exact figures show that China, the largest producer of automobiles in the world manufactured 23,529,423 vehicles, whereas Japan, being the second-largest producer of automobiles in the world manufactured 8,358,220 vehicles. Large vehicle production in the countries of Asia can ensure a promising positive growth in the upcoming years also, thus providing lucrative growth opportunities for the hot air generators market.

Key benefits of the report:

• This study represents the analytical representation of the global hot air generators market combined with the ongoing trends and future predictions to determine investment opportunities.
• The present market is thoroughly analyzed to enlighten the hot air generators market growth.
• The report gives information regarding the important drivers, restraints, and opportunities provided with an in-depth analysis of the global hot air generators market.
• Segmentation details of the global hot air generators market.
• The report gives a comprehensive global hot air generators market analysis based on competitiveness and how the performance of the competitors will take shape in the coming years. 

 Hot Air Generators Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights