# Chinese EV battery maker CATL unveils LFP battery with 1,000 km range Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-09-24 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: CATL unveils LFP battery with 1,000 km range Meta Description: CATL, the Chinese EV battery maker, introduces a revolutionary LFP battery with a driving range exceeding 1,000 km on a single charge - setting a new standard URL: https://financedigest.com/chinese-ev-battery-maker-catl-unveils-lfp-battery-with-1000-km-range-2html According to the recently published study by Fact.MR, the global sales of fired heaters were close to 695 units in 2018, and are estimated to register approximately 5% Y-o-Y in 2019.  The fired heaters industry remains influenced by a slew of factors that range from continued adoption in chemical and petrochemical industries, to focus of manufacturers in optimizing the operational [efficiencies of fired heater](https://www.factmr.com/report/1958/fired-heaters-market) to minimize energy consumption. The study finds that energy demand witnessed a remarkable rise in 2018, and the consumption continues on an upward spiral, primarily driven by pervasive rise in cooling and heating requirements. As fired heaters used in process industries, such as chemical, petrochemical and pharmaceutical, [account for a notable energy](https://www.financedigest.com/euro-zone-current-account-deficit-widens-again-on-large-energy-bill.html "Euro zone current account deficit widens again on large energy bill") consumption, leading manufacturers are putting efforts to optimize the heater operation even in fluctuating loads. Development of hardware-based control schemes to reduce the NOx emissions, is another [key focus area of leading players in the fired heaters market](https://www.financedigest.com/screenless-display-market-demands-top-key-players-industry-analysis-and-forecast-2027.html "Screenless Display Market: Demands, Top Key Players, Industry Analysis And Forecast 2027"). **Request a Sample of this Report** **[https://www.factmr.com/connectus/sample?flag=S&rep\_id=1958](https://www.factmr.com/connectus/sample?flag=S&rep_id=1958)** According to the study, the direct-fired heaters was [estimated to account for over 70% market](https://www.financedigest.com/forging-lubricants-market-is-estimated-to-expand-at-a-cagr-of-5-6-over-the-forecast-period-of-2021-2031.html "Forging Lubricants Market is estimated to expand at a CAGR of 5.6% over the forecast period of 2021-2031") share in the global fired heaters market. The increasing [consumer demand](https://www.financedigest.com/lights-maker-signify-cuts-annual-outlook-on-lower-consumer-demand-china-woes.html "Lights maker Signify cuts annual outlook on lower consumer demand, China woes") for cost-effective yet highly productive fired heaters, coupled with a higher preference for efficient heating equipment has translated into a significant demand for direct-fired heaters, in light of their capability to attain 100% operational efficiency. This [rise in demand](https://www.financedigest.com/oil-gains-after-iea-sees-demand-rising-to-record-high.html "Oil gains after IEA sees demand rising to record high") for direct-fired heaters is prompting leading manufacturers to focus on the development of equipment with improved air volume to heat output ratios. ![fired heaters market snapshot](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fired-heaters-market-snapshot-1737287500229-compressed.jpg) **Speak to Research Analyst** **[https://www.factmr.com/connectus/sample?flag=AE&rep\_id=1958](https://www.factmr.com/connectus/sample?flag=AE&rep_id=1958)** ### Attractiveness of East Asia for Fired Heater Manufacturers Endures According to the study, East Asia will continue to remain the most attractive market for fired heaters, with sales [estimated](https://www.financedigest.com/yum-beats-sales-estimates-as-customers-flock-to-kfc-taco-bell-deals.html "Yum beats sales estimates as customers flock to KFC, Taco Bell deals") to account for nearly 25% sales in 2019. China continues to remain an attractive [market for fired](https://www.financedigest.com/fire-barrier-sealant-market.html "Fire Barrier Sealant Market") heater manufacturers, and accounts for over 70% sales in East Asia. As China is home to numerous chemical and petrochemical process equipment facilities, the market players continue to [focus on strengthening their distribution and optimizing the supply](https://www.financedigest.com/oil-prices-extend-gains-with-falling-supplies-in-focus.html "Oil prices extend gains with falling supplies in focus") chain to leverage the growth potential in the country. [South Asia will also remain](https://www.financedigest.com/barclays-announces-sale-of-remaining-shares-in-south-africas-absa.html "Barclays announces sale of remaining shares in South Africa’s Absa") lucrative for fired heater manufacturers, and the study opines that sales in the region will grow at a relative faster rate than those in East Asia in the foreseeable future. This can be significantly attributed to the lucrativeness of key countries such as India, where manufacturing and production facilities of chemical & petrochemical products & equipment are likely to [grow](https://www.financedigest.com/the-microalgae-based-product-market-to-grow-based-on-instilled-innovation.html "The Microalgae Based Product Market To Grow Based On Instilled Innovation") in the upcoming years. The opportune potential of East Asian and South Asian markets has traditionally been [strong](https://www.financedigest.com/tea-and-tea-based-beverages-market-to-observe-strong-development-by-2018-2028.html "Tea and Tea-Based Beverages Market to Observe Strong Development by 2018-2028") for players in the fired heaters market, and the status-quo is expected to prevail in the near future, as more manufacturers invest into erecting manufacturing facilities in the region to cater growing demand. **Get Customization on this Research Report for specific research solutions** **[https://www.factmr.com/connectus/sample?flag=RC&rep\_id=1958](https://www.factmr.com/connectus/sample?flag=RC&rep_id=1958)** [Investment of fired heater manufacturers into new product development has gained a remarkable uptick in recent years](https://www.financedigest.com/cepsa-to-nearly-double-investments-over-next-3-years-as-profit-soars.html "Cepsa to nearly double investments over next 3 years as profit soars"), owing to the widening application scope of these equipment. These players are also emphasizing discovery of new materials, along with process innovations, to save on cost and comply with sustainability goals of the [energy & power](https://www.financedigest.com/siemens-energy-signs-7-billion-eur-offshore-power-deal-with-tennet.html "Siemens Energy signs 7-billion-eur offshore power deal with TenneT") industry. Process-specific [production of fired heaters is a key focus area of the market](https://www.financedigest.com/virtual-assistance-to-pave-the-way-for-incontinence-products-market.html "Virtual assistance to pave the way for Incontinence Products Market") stakeholders, which has gained significant emphasis recently, in line with the growing number of contract-based deals between manufacturers and customers for delivering customized solutions, which in turn has led to application diversity of the fired heaters. This Fact.MR report offers a long-term perspective of the fired heaters [market for the period](https://www.financedigest.com/disposable-cutlery-market-is-projected-to-record-a-cagr-of-4-4-during-the-forecast-period-2021-to-2031.html "Disposable Cutlery Market is projected to Record a CAGR of 4.4% During the Forecast Period 2021 to 2031"), 2018 to 2028. The fired heaters market is [forecast to record](https://www.financedigest.com/truck-maker-volvo-posts-record-q1-as-sales-margins-beat-forecasts.html "Truck maker Volvo posts record Q1 as sales, margins beat forecasts") a volume CAGR of nearly 7% through 2028. **[Explore More Trending Reports](https://www.financedigest.com/australias-macquarie-explores-6-billion-deal-for-britains-mg-sky-news-reports.html "Australia’s Macquarie explores billion deal for Britain’s M&G, Sky News reports") of Fact.MR** [**Microfibrillated Cellulose (MFC) Fiber Market**](https://www.factmr.com/report/1710/microfibrillated-cellulose-fiber-market), Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031 [**Nano Crystalline Soft Magnetic Materials Market**](https://www.factmr.com/report/771/nano-crystalline-soft-magnetic-materials-market), Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031 **[High Purity Quartz Sand Market](https://www.factmr.com/report/699/high-purity-quartz-sand-market)** Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2020 to 2030 **About Fact.MR** [Market research and consulting agency](https://www.financedigest.com/the-role-of-an-instagram-marketing-agency.html "The Role of an Instagram Marketing Agency") with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the [latest technologies](https://www.financedigest.com/nvidia-unveils-latest-chips-technology-to-speed-up-ai-computing.html "Nvidia unveils latest chips, technology to speed up AI computing") to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.Spanning a wide range – from [automotive & industry](https://www.financedigest.com/automotive-injector-nozzle-market-global-industry-analysis-and-forecast-till-2031.html "Automotive Injector Nozzle Market Global Industry Analysis and Forecast Till 2031") 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner. **Contact:** **US Sales Office:** 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 **Corporate Headquarter:** Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates E: sales@factmr.com Website: [https://www.factmr.com](https://www.factmr.com/) The post Demand for Hydrocracker Is Forecast to Record a Volume CAGR of Nearly 7% through 2028 appeared first on The Tribune City. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---