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Deaerators Market Set to Witness an Uptick by 2018-2027

09-18-2018 10:36 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

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Growing Applications in the Nuclear Industry to Energize the Global Deaerators Market

Deaerators are widely used in nuclear power plants in power generation cycles and to remove all the gases, including oxygen, from the boiler feedwater. Owing to a drastic upsurge in nuclear power generation in China, the global nuclear industry is gaining traction. By the end of 2016, nuclear power plants of the capacity of over 392 gigawatts were installed across the globe, which is the highest level of nuclear capacity ever installed before. 447 nuclear power reactors were active in over 30 countries, and 60 nuclear power reactors were under construction in around 15 countries in mid-2017. As the global demand for nuclear energy is increasing rapidly, the global deaerators market is witnessing excellent growth due to an imperative role of deaerators in nuclear power generation processes.

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It is expected that the global installed nuclear power capacity may increase by 43% by the end of 2030 as compared to that in 2016. The growth in global nuclear power capacity is likely to continue, with an increase by 83% in 2040 and 123% by the end of 2050. Out of 195 countries in the world, around 30 have already installed nuclear power plants, among which, 13 countries are in the process of constructing new plants, and 16 countries have proposed to build new reactors. Apart from these 30 countries, 28 more countries are interested in installing nuclear power generation plants. With the up-gradation and expansion of the global nuclear industry, the demand for deaerators is likely to swell in different parts of the world.

International Standards to Create Challenges for Manufacturing Companies in the Global Deaerators Market

Market players have to comply with several standards and gain certain certifications from international authoritarian organizations before they can market and distribute deaerators in the global market. The Heat Exchange Institute (HEI) recently released the 10th edition of Standards and Typical Specifications that all the tray type deaerators must comply with. It provides guidelines for manufacturers, customers, as well as distributors in the global deaerators market on the construction, design, and desired operation of tray type deaerators.

All the types of deaerators manufactured and distributed in the European deaerators market have to fully comply with all the requirements of the Pressure Equipment Directive (PED) developed by the European Union. The Pressure Equipment Directive applies to the design of stationary pressure equipment such as deaerators. In addition, the NACE International has developed guidelines on standard recommended practices to prevent, detect, and correct the incidences of deaerator cracking in steam generation industrial plants. Complying with various regulations and international standards can make it challenging for deaerator manufacturers to introduce cost-effective products in the global deaerators market.

Market Players are Targeting Lucrative Opportunities in Various Industrial Sectors

Deaerators are widely used in a variety of several industrial sectors, such as nuclear industry, water treatment industry, heat and power plants industry, and other steam generation applications. Leading manufacturers in the global deaerators market are benefiting from their widening range of application, and introducing innovative uses of deaerators. For instance, the global ice cream sector is undergoing radical changes with the emergence of top-notch technologies used in its manufacturing processes. Ice cream manufacturers across the globe are adopting innovative manufacturing systems that are integrated with built-in deaerators. Deaerators help in optimizing ice cream mix preparation processes, and prevent air from getting incorporated into the mix.

Consumer Feedback and Dynamic Consumer Needs to Play an Important Role in the Growth of the Global Deaerators Market

Manufacturing companies in the global deaerators market are keenly monitoring the needs for pressure equipment in various industrial sectors, and developing application-specific deaerators to ensure rapid growth in the near future. Leading deaerator manufacturers in the market, such as Sterling Deaerator Company and EUROWATER, are leveraging technological advancements to improve the efficiency and productivity of deaerators. Manufacturers are also adopting consumer-centric strategies, where they make significant changes in manufacturing processes according to consumer feedback. For instance, various market players in the water treatment industry are making use of mechanical deaerators in lieu of oxygen scavengers, as mechanical deaerators are more practical and economical. This is encouraging deaerator manufacturers to develop highly productive deaeration systems to produce deaerated water at much lower costs.

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Frequent changes in consumer needs and constant developments in technologies are the two important factors that may have a significant impact on the strategies of market players. Developing technologically advanced and automated deaeration solutions is one of the most popular trends in the global deaerators market. Apart from tracking consumer needs, leading market players are integrating deaerators with high-tech features to attract a larger consumer base.

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