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Growing Preference of Renewable Energy Sources in Developed Economies Likely to Hamper Sales of Recuperative Air Preheaters
Industrial Air Preheater Market
The report offers actionable and valuable market insights of Recuperative Air Preheaters. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Recuperative Air Preheaters Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Recuperative Air Preheaters, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Recuperative Air Preheaters Market.
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.
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.
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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Key Market Players to Make Treble Investments in Asian Countries
Electricity generation by coal will continue to sustain high demand for industrial air preheater, finds the report. In the thermal power plants landscape, large capacity boilers are used and as a part of boiler accessories, air preheaters are installed, such as rotary, regenerative industrial air preheaters. On account of advantages such as payback period being very short and increased combustion rates of the boiler, regenerative type industrial air preheaters have marked their space in the coal-fired plants and chemical industries.
According to the study, growth opportunities for the industrial air preheater market players are triggering the pace in Asian countries, owing to profound growth of the regional industrial ecosystem such as Thermal power plants, chemical industries, cement industries and others. Newer opportunities are blooming in the East Asia industrial air preheater market and are set in motion by the growing electricity, fuel, and oil & gas demand.
Fact.MR’s business perception is also focusing on the innovative insights into the competitive landscape of industrial air preheater market along with highlights of the manufacturers’ differential blueprint. Key players in the industrial air preheater market will continue to draw upon the various R&D for offering new products in their existing portfolio.
For instance, Howden group limited- an industrial product manufacturing company with L&T is innovating new quad-sector type regenerative industrial air preheaters to the latest technology standard which brings a wide range of benefits like- improved efficiency, greater reliability, reduced operational cost, and optimized performance.
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.
Key Segments of the Industrial Air Preheater Market
Fact.MR study on the industrial air preheater market offers information divided into three important segments- Product, End use and regional analysis. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
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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Key Question answered in the survey of Recuperative Air Preheaters market report:
Sales and Demand of Recuperative Air Preheaters
Growth of Recuperative Air Preheaters Market
Market Analysis of Recuperative Air Preheaters
Market Insights of Recuperative Air Preheaters
Key Drivers Impacting the Recuperative Air Preheaters market
Which are the Key drivers impacted by Recuperative Air Preheaters market
Restraints Shaping Market Growth
Market Survey of Recuperative Air Preheaters
More Valuable Insights on Recuperative Air Preheaters Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Recuperative Air Preheaters, Sales and Demand of Recuperative Air Preheaters, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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