Market Overview:
The global air preheaters market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermal power and chemical industry across the globe. Additionally, the growing awareness about energy conservation is also propelling the growth of this market. On the basis of type, tubular type air preheaters are expected to dominate the global air preheaters market during forecast period owing to their high efficiency and low operating cost as compared to other types of air preheaters. Regenerative air preheaters are projected to be fastest-growing segment during forecast period due their ability regenerate heat from flue gases which helps in reducing fuel consumption and emissions. Based on application, thermal power sector is anticipated hold dominant position in global Air Preheatres Market over next 10 years owing rising demand for electricity across globe coupled with stringent environmental regulations mandating use of more efficient technologies for power generation .
Product Definition:
Air preheaters are devices used to heat air before it enters a furnace. The purpose of an air preheater is to increase the efficiency of the furnace by heating the air more completely before it is burned.
Tubular Type Air Preheaters:
Tubular type air preheaters are used to heat the gas or liquid for efficient transfer in a closed system. It is mainly used in air preheating systems of super-coolers, reheaters and condensers. The working principle of tubular type air preheater is based on the temperature difference between two fluids which flows through the tube and absorbs heat from one end and gives out at other end.
Regenerative Air Preheaters:
Regenerative air preheaters are used to heat the incoming air or exhausts gas to a higher temperature before it is introduced into the furnace. The regeneration process is carried out in order to reduce carbon monoxide, nitrogen oxide and other harmful emissions which are released from various industrial processes. Regenerative air preheaters have numerous benefits such as they help in reducing energy costs, improve plant efficiency & productivity and also contribute towards environmental protection by reducing greenhouse gas emissions.
Application Insights:
The thermal power application segment dominated the global air preheaters market in 2017, accounting for over 50.0% share of the total revenue. The segment is expected to witness significant growth on account of increasing demand for coal and other fossil fuels as an energy source to generate electricity, which in turn will drive industry expansion over the forecast period.
Increasing demand from various industries such as chemical, petrochemical and others are expected to further propel product demand globally. In addition, technological advancements coupled with cost-effective solutions are projected to open new avenues for regenerative air preheaters across various applications including chemical plants and refineries within next eight years from 2018 to 2030 ¢â‚¬Å“2030¢â‚¬ according Regenerator Association of America (RAA).
Regional Analysis:
North America dominated the global air preheaters market in 2017. The growth of the region can be attributed to increasing demand for energy, growing chemical and petrochemical industries, and rising environmental regulations by EPA. In North America, U.S is a major contributor to the market owing to its large thermal power capacity along with other applications such as cement industry which requires high-temperature heating equipment for efficient production of clinker & cement products respectively.
The Asia Pacific regional market is expected to witness significant growth over the forecast period due to rapid industrialization coupled with government initiatives encouraging FDI in various sectors including power generation sector are some of them). These factors are anticipated contribute towards increased adoption rate of regenerative air preheaters across countries such as China & India thereby boosting revenue generation from 2016 To 2030 in Asia Pacific region at a CAGR exceeding 6% during the forecast period.
Growth Factors:
- Increasing demand for air preheaters from the thermal power industry as a result of the growing need for electricity worldwide.
- The increasing popularity of Combined Heat and Power (CHP) systems, which use air preheaters to increase efficiency.
- Growing concerns about climate change and the need to reduce greenhouse gas emissions, which is driving demand for more efficient heating technologies like air preheaters.
- Rapid industrialization in developing countries like China and India, which is leading to increased demand for air preheaters in those regions’ burgeoning manufacturing sectors.
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Preheaters Market Research Report
By Type
Tubular Type Air Preheaters, Regenerative Air Preheaters, Regenerator
By Application
Thermal Power, Chemical Industry, Others
By Companies
Maxxtec, Mitsubishi Hitachi Power Systems, SPX Heat Transfer, IMECO Limited, AIR SYSTEMS, Howden, Alstom Power Inc, Kelvion, Aerotherm Heaters, Yu Hong Electric Power Equipment Engineering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Air Preheaters Market Report Segments:
The global Air Preheaters market is segmented on the basis of:
Types
Tubular Type Air Preheaters, Regenerative Air Preheaters, Regenerator
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Thermal Power, Chemical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Maxxtec
- Mitsubishi Hitachi Power Systems
- SPX Heat Transfer
- IMECO Limited
- AIR SYSTEMS
- Howden
- Alstom Power Inc
- Kelvion
- Aerotherm Heaters
- Yu Hong Electric Power Equipment Engineering
Highlights of The Air Preheaters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tubular Type Air Preheaters
- Regenerative Air Preheaters
- Regenerator
- By Application:
- Thermal Power
- Chemical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Preheaters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An air preheater is a device that helps to increase the temperature of air before it enters a furnace or boiler. This allows the air to enter the furnace or boiler more quickly, which in turn reduces energy consumption and emissions.
Some of the key players operating in the air preheaters market are Maxxtec, Mitsubishi Hitachi Power Systems, SPX Heat Transfer, IMECO Limited, AIR SYSTEMS, Howden, Alstom Power Inc, Kelvion, Aerotherm Heaters, Yu Hong Electric Power Equipment Engineering.
The air preheaters market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Preheaters Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Air Preheaters Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Air Preheaters Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Air Preheaters Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Air Preheaters Market Size & Forecast, 2020-2028 4.5.1 Air Preheaters Market Size and Y-o-Y Growth 4.5.2 Air Preheaters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Tubular Type Air Preheaters
5.2.2 Regenerative Air Preheaters
5.2.3 Regenerator
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Thermal Power
6.2.2 Chemical Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Preheaters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Preheaters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Tubular Type Air Preheaters
9.6.2 Regenerative Air Preheaters
9.6.3 Regenerator
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Thermal Power
9.10.2 Chemical Industry
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Tubular Type Air Preheaters
10.6.2 Regenerative Air Preheaters
10.6.3 Regenerator
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Thermal Power
10.10.2 Chemical Industry
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Tubular Type Air Preheaters
11.6.2 Regenerative Air Preheaters
11.6.3 Regenerator
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Thermal Power
11.10.2 Chemical Industry
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Tubular Type Air Preheaters
12.6.2 Regenerative Air Preheaters
12.6.3 Regenerator
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Thermal Power
12.10.2 Chemical Industry
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Tubular Type Air Preheaters
13.6.2 Regenerative Air Preheaters
13.6.3 Regenerator
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Thermal Power
13.10.2 Chemical Industry
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Preheaters Market: Competitive Dashboard
14.2 Global Air Preheaters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Maxxtec
14.3.2 Mitsubishi Hitachi Power Systems
14.3.3 SPX Heat Transfer
14.3.4 IMECO Limited
14.3.5 AIR SYSTEMS
14.3.6 Howden
14.3.7 Alstom Power Inc
14.3.8 Kelvion
14.3.9 Aerotherm Heaters
14.3.10 Yu Hong Electric Power Equipment Engineering