Feed Water Heater for Power Plants Market expected to show steady growth by 2024

Feed Water Heater for Power Plants Market: Overview

The water that is transferred from the condenser or tank into a boiler in order to convert it into steam is known as feed water. In a power plant to preheat the boiler feed, the feed water heater is used. The thermodynamic efficiency is improved by using the preheating technique. The internal energy spent from the stem is captured by the feed water heaters and this energy is used to preheat condensed feed water. The feed water heater reduces the plant operating costs and also avoids the thermal shock to the boiler metal which occurs when the feed water returns back into the steam cycle.

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Feed Water Heater for Power Plants Market: Segmentation

The segmentation of the feed water heater for power plants market is done on the basis of application, technology, and the regions. On the basis of application, the feed water heater for power plants market is segmented into the steam-powered power plant, gas-powered power plant, and nuclear-powered power plant. Based on the technology, the global market is categorized as the low-pressure heater and high-pressure heater. Both low-pressure and high-pressure feed water heaters are used according to the cycle optimization requirements. The geographical distribution of the feed water heater for power plants includes Asia-Pacific, Europe, North America, the Middle East and Africa, and Latin America.

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Feed Water Heater for Power Plants Market: Growth Factors

The main reason for the growth of the feed water heater market for power plants is the increasing demand for power and energy. Power and energy have become the basic necessity of the growing population. Power is required for every industrial activity and similarly, the constructional works also require power for their activities. Hence, there is a great demand for feed water heater for power plants. In the recent years, there has been an increase in the number of nuclear plants which are using feed water heaters, hence increasing the growth of the global market. However, the increase in the number of the nuclear plants is not well supported by the public owing to its adverse effects on the health and environment, thus hampering the feed water heater market growth to some extent.

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Feed Water Heater for Power Plants Market: Regional Analysis

Europe and North America are leading the feed water heater for power plants market. In North America, countries such as Canada and the U.S. are the massive markets for the feed water heater for power plants, while in Europe the countries such as France, Russia, Italy, and the U.K. are leading the market players. The regions such as Asia-Pacific, Latin America, and the Middle East are also having their ample share in the global market growth. Countries such as India and China are showing tremendous growth in the market owing to the increase in the number of nuclear plants in the region. The governments of both the countries have allocated funds for the development and expansion of their energy infrastructure.

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Feed Water Heater for Power Plants Market: Competitive Players

Some of the key companies operating in the waterproofing chemicals market include KNM Group Berhad, Westinghouse Electric Company LLC, Thermal Engineering International Inc., Foster Wheeler AG, Alstom Power SA, SPX Heat Transfer Inc., Balcke-Dur GmbH, and BWX Technologies Inc.

Feed Water Heater for Power Plants Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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