Industrial Air Preheater Market Size, Share, Trends and Competition Analysis
Posted by Arslan on January 30th, 2020
This study underlines the key future prospects in the industrial air preheater market and finds that the market would exhibit growth at a value CAGR of ~3.7% during forecast period. Global sales of industrial air preheater reached ~ 450 units in 2018, as disclosed by the new research study by Fact.MR. According to the report, the industrial air preheater market is predicted to grow by ~3.2% YoY in 2019, primarily influenced by the prominent players investing in manufacturing operations in the global industrial air preheater landscape.
Each segment of the keyword market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
According to the research, increasing center of attention on new developments and demand in various end use sectors is subsidized to enhance revenue generation of industrial air preheater market through 2029. Coal-fired plants and other industries’ expansion around the globe, will also continue to provide a stimulus to the sales of industrial air preheater in 2019 and further.
Industrial air preheater is witnessing a significant growth in demand. The regenerative type of air preheater dominates the market, as it is used in thermal power plants and chemical industries where the large capacity boilers are installed. Besides, the regenerative type of industrial air preheater offers easy replacement of components and weighs significantly more than the recuperative industrial air preheater. Increasing demand for fuel has influenced an exponential growth of petrochemical industries, which is foreseen to create ample opportunities for industrial air preheater market in the years to come.
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According to the Fact.MR, end use sectors will continue to markedly prefer rotary type regenerative industrial air preheater, with worldwide sales poised to reach ~350 units in 2019. Demand for the recuperative type industrial air preheater is estimated to reach around 90 units by the end of 2019. Demand for regenerative type industrial air preheater will majorly be driven by growing coal-fired plants in developing nations. Moreover, industrial air preheater finds a wide range of application in waste heat boiler, flue gas boiler, and other boilers, thereby favoring the manufacturing sectors worldwide.
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About the AuthorArslan
Joined: December 18th, 2017
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