Electric fuel oil heaters are primarily used for heating the fuel oil to a preferred or prerequisite temperature before combusting it in a boiler. Since these heaters are used for preheating the oil, they are also called preheaters. In order to reduce the amount of pollutants and increase the efficiency, it is of prime importance to ensure complete combustion of the fuel oil. This can be achieved by maintaining the oil temperature to a desired level. Usage of the electric fuel oil heater is of high significance simply because it promises high tool and machine efficiency, less energy consumption, and protection from wear. At low temperatures, the viscosity of oils surges. This can cause considerable loss of high pressure within tubes, filters, and cooling systems. If the cold & viscous oil is used directly as a fuel, it incurs high pressure build up onto the system which causes significantly high losses on the components of the entire system which reduces the efficiency. Thus using a preheater, oil in the tank is heated to a required temperature, which eases the startup of machines.

Electric fuel oil heaters are of two types: flange type and screw plug type. These fuel oil heaters are equipped with thermostat, a component that senses the temperature and maintains it to the desired level. Along with the thermostat, interlocks are employed to avoid pumping of cold, highly viscous oil into the furnace or boiler unless and until the oil is preheated to the required temperature. These preheaters are generally installed horizontally, at the bottom of the tank containing fuel oil.  The design of a preheater is based on the watt density. This watt density varies with the oil viscosity.

As the use of fuel oils has started for heating applications, solid fuels such as coal and wood are being replaced greatly. This is simply because the effective heat generated by these fuel oils is high, with a minimum impact on the environment (ash generation). Though the fuel oil generates emissions similar to the solid fuel, it is cleaner and highly effective than the solid fuel. Hence, it is preferred as furnace fuel or boiler fuel. Electric fuel oil heaters can be used in different industries such as pharmaceutical, food, chemical, and forging, wherein the heating process involves usage of boiler or furnace. Moreover, electric fuel oil heaters are required on a domestic level for apartment complexes, hospitals, and manufacturing buildings in colder regions of the world.

Asia Pacific is the key potential market for electric fuel oil heaters, due to rise in the number of small players in chemical and pharmaceutical industries in the region, which require heating applications. The markets in North America and Europe also witness high growth opportunities, due to well-established industries requiring heating operations in these regions.

The key players in the global electric fuel oil heaters market are Warren Electric Corporation, San Electro Heat, Saz Boilers, Bosch, Modin Manufacturing, Delta T, Wattco, Bobst, Chromalox, Universal Hydraulik, and Elmess.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Electric Fuel Oil Heaters Market

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