(MENAFN- Ameliorate Digital Consultancy)
The global industrial air preheater market is projected to register a CAGR of 5.8% during the forecast period, 2019-2029. The market is driven by the rising demand for energy-efficient boilers in the industrial sector. Air preheaters are used to preheat the air before it enters the boiler, which helps in improving the efficiency of the boiler and reducing the consumption of fuel. The increasing demand for air preheaters in the power generation and steel industries is also expected to drive the market growth.
The industrial air preheater market is segmented by type, application, and region. By type, the market is segmented into regenerative and recuperative air preheaters. Regenerative air preheaters are the most widely used type of air preheaters in the market. They are more efficient than recuperative air preheaters and can save up to 15% of fuel consumption. Recuperative air preheaters are less expensive than regenerative air preheaters and are easier to maintain.
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The key market players in the global Catalyst carriers market include:
The key players operating in the industrial air preheater market are Babcock & Wilcox, Foster Wheeler, Alstom, Thermax, Hitachi Zosen, Dongfang Electric, Amec Foster Wheeler, GE, and Bharat Heavy Electricals Limited.
Competitive Landscape
A comprehensive view of the industrial air preheater market has led our analysts to conclude that, the market is growing at a considerable rate, with East Asia, Europe, and South Asia holding a significant demand in the global demand for industrial air preheater market. The rising expansion in energy generation by coal and increasing industrialization in developing countries such as India and China also spurring the industrial air preheater demand.
Owing to the demand for large capacity boilers used in different end uses such as thermal power plants and chemical industries, regenerative industrial air preheater will remain dominant over the recuperative industrial air preheater. Effective integration of design and work flow by various industrial air preheater will also give impetus to the global industrial air preheater market.
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Key Segments of the Industrial Air Preheater Market Material
Product
· Regenerative air preheaters
· Recuperative air preheaters
End Use
· Thermal power plants
· Steel industries
· Cement industries
· Chemical industries
· Food industries
· Pharmaceutical industries
· Others ( Textile, Refinery)
Region
· North America
· Latin America
· Europe
· East Asia
· South Asia
· Oceania
· MEA
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