Market Overview:
The global flue gas heat exchanger market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy-efficient equipment in various industries. Additionally, the growing awareness about the benefits of using flue gas heat exchangers is also propelling the market growth. The global flue gas heat exchanger market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into finned tube type, shell and tube type, and other types. The shell and tube type segment is expected to hold a major share in terms of revenue in 2018 owing to its high efficiency and ability to handle large amounts of fluid flow rate as compared with other types.
Product Definition:
A flue gas heat exchanger is a device used to transfer thermal energy from one fluid to another. The primary use of a flue gas heat exchanger is to recover thermal energy from exhaust gases produced by industrial or power generating processes.
Finned Tube Type:
The global finned tube type market size was valued at USD 1.8 billion in 2016 and is expected to witness a growth of 5.9% by 2017 owing to the rising demand for clean energy sources, such as natural gas and renewable sources, across the globe. The growing industrialization rate coupled with rapid urbanization has been driving the need for energy resources globally which is further anticipated to drive industry growth over the forecast period.
Shell and Tube Type:
The shell and tube type is used in the heat exchanger to separate the gas from liquid. The basic principle on which this equipment works is that a high velocity gas flows through an orifice, carrying with it impurities present in the liquid. This high-velocity gas then passes through a cooling medium where it absorbs heat from the medium before entering into another part of system where it is required to be heated again.
Application Insights:
The steel industry was the largest application segment in 2016, accounting for over 40% of the total revenue share. The rising demand for steel from various end-use industries including construction and automotive is expected to have a positive impact on market growth over the forecast period.
The oil and gas industry is anticipated to emerge as one of the fastest growing segments during the forecast period owing to increasing exploration activities in offshore and onshore locations coupled with an increase in production levels across various regions globally. This trend is expected to drive product demand from 2018 to 2030 thereby contributing towards overall market growth during this timeframe.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. Increasing industrialization coupled with growing energy demand from developing nations such as China and India are anticipated to drive the regional product demand.
China was one of the largest consumers of FGD systems owing to increasing coal-fired power generation activities in Asia's largest economy along with other factors such as air pollution control standards set by Chinese government under WHO guidelines and economic growth slowdown caused by COVID-19 pandemic which recently spread across most parts of China including Hong Kong has affected FGD system sales for thermal plants heavily thereby reducing their capacity utilization rates thus affecting overall production volumes negatively impacting industry revenues leading to a decline in operating profits for companies operating within this sector which includes manufacturers, suppliers & distributors etc.
Growth Factors:
- Increasing demand for energy efficient technologies across the globe
- Growing awareness about the benefits of using flue gas heat exchangers
- Rising investments in infrastructure development projects worldwide
- Proliferation of new applications for flue gas heat exchangers
- Technological advancements in flue gas heat exchanger design and manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Flue Gas Heat Exchanger Market Research Report
By Type
Finned Tube Type, Shell and Tube Type, Other
By Application
Steel Industry, Oil and Gas Industry, Pulp and Paper Industry, Power Generation, Other
By Companies
Sehenstar, Guangdong Tenghao, Balcke-Dürr, Howden, Mitsubishi Hitachi Power Systems, LJUNGSTRÖM, PBS Industry, Power System Services, Clyde Bergemann, TF, GEURTS
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Flue Gas Heat Exchanger Market Report Segments:
The global Flue Gas Heat Exchanger market is segmented on the basis of:
Types
Finned Tube Type, Shell and Tube Type, Other
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
Steel Industry, Oil and Gas Industry, Pulp and Paper Industry, Power Generation, Other
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:
- Sehenstar
- Guangdong Tenghao
- Balcke-Dürr
- Howden
- Mitsubishi Hitachi Power Systems
- LJUNGSTRÖM
- PBS Industry
- Power System Services
- Clyde Bergemann
- TF
- GEURTS
Highlights of The Flue Gas Heat Exchanger 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:
- Finned Tube Type
- Shell and Tube Type
- Other
- By Application:
- Steel Industry
- Oil and Gas Industry
- Pulp and Paper Industry
- Power Generation
- Other
- 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 Flue Gas Heat Exchanger 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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?
A flue gas heat exchanger is a device used to transfer thermal energy from one medium to another. In the case of a flue gas heat exchanger, the medium is air and the other is hot combustion gases. The purpose of a flue gas heat exchanger is to reduce the temperature of these gases so that they can be safely burned in an engine or boiler.
Some of the major players in the flue gas heat exchanger market are Sehenstar, Guangdong Tenghao, Balcke-D¼rr, Howden, Mitsubishi Hitachi Power Systems, LJUNGSTR–M, PBS Industry, Power System Services, Clyde Bergemann, TF, GEURTS.
The flue gas heat exchanger market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flue Gas Heat Exchanger 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 Flue Gas Heat Exchanger Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flue Gas Heat Exchanger 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 Flue Gas Heat Exchanger 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 Flue Gas Heat Exchanger Market Size & Forecast, 2020-2028
4.5.1 Flue Gas Heat Exchanger Market Size and Y-o-Y Growth
4.5.2 Flue Gas Heat Exchanger 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 Finned Tube Type
5.2.2 Shell and Tube Type
5.2.3 Other
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 Steel Industry
6.2.2 Oil and Gas Industry
6.2.3 Pulp and Paper Industry
6.2.4 Power Generation
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flue Gas Heat Exchanger 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 Flue Gas Heat Exchanger 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 Finned Tube Type
9.6.2 Shell and Tube Type
9.6.3 Other
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 Steel Industry
9.10.2 Oil and Gas Industry
9.10.3 Pulp and Paper Industry
9.10.4 Power Generation
9.10.5 Other
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 Finned Tube Type
10.6.2 Shell and Tube Type
10.6.3 Other
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 Steel Industry
10.10.2 Oil and Gas Industry
10.10.3 Pulp and Paper Industry
10.10.4 Power Generation
10.10.5 Other
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 Finned Tube Type
11.6.2 Shell and Tube Type
11.6.3 Other
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 Steel Industry
11.10.2 Oil and Gas Industry
11.10.3 Pulp and Paper Industry
11.10.4 Power Generation
11.10.5 Other
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 Finned Tube Type
12.6.2 Shell and Tube Type
12.6.3 Other
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 Steel Industry
12.10.2 Oil and Gas Industry
12.10.3 Pulp and Paper Industry
12.10.4 Power Generation
12.10.5 Other
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 Finned Tube Type
13.6.2 Shell and Tube Type
13.6.3 Other
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 Steel Industry
13.10.2 Oil and Gas Industry
13.10.3 Pulp and Paper Industry
13.10.4 Power Generation
13.10.5 Other
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 Flue Gas Heat Exchanger Market: Competitive Dashboard
14.2 Global Flue Gas Heat Exchanger Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sehenstar
14.3.2 Guangdong Tenghao
14.3.3 Balcke-Dürr
14.3.4 Howden
14.3.5 Mitsubishi Hitachi Power Systems
14.3.6 LJUNGSTRÖM
14.3.7 PBS Industry
14.3.8 Power System Services
14.3.9 Clyde Bergemann
14.3.10 TF
14.3.11 GEURTS
