The Global Economizer Market was $8.84 Billion in 2018. It is expected to be around $12.27 Billion around 2023 with a current CAGR of 6.78%.
The Global Economizer Market is expected to witness moderate growth during the forecast period (2018 – 2023). The Asia Pacific is expected to be the largest in terms of growth, value, & volume.
Recent Developments:
Key Laboratory of Energy Thermal Conversion and Control of Ministry of Education, School of Energy and Environment, Southeast University, Nanjing, PR China conducted research on performance analysis and optimization of an NGCC-CHP plant using low-pressure economizer partial recirculation system. It was found that the partial recirculation system enhanced the plant thermo dynamical performance & plant operational flexibility. The experimental study showed that the heat generating capacity of the plant increases rapidly and the operational gap between extraction-condensing mode and the backpressure mode of the plant contracts.School of Energy and Power Engineering, Huazhong Uni. of Sci. and Tech., Wuhan, China conducted a research analysis of an improved economizer system for active control of the coal-fired boiler flue gas temperature. The simulation models of the bypass staged economizer and traditional LPE was established based on a 600-MW unit. The experimental results showed that if the presented economizer system was adopted, the temperature of the exhaust flue gas was lowered to near the flue gas acid dew point, thereby highly improving the energy efficiency of the system.
Economizer Market Drivers & Restraints:
Due to rapid exhaustion of non – renewable energy sources there is a rapid increase in demand for renewable & sustainable energy sources thereby, leading to a rapid boom in the market’s growth; the development of efficient boilers, setup of new thermal power plants & implementation of HVAC systems due to heavy construction activities has also contributed towards the growth of the market.
Rapid industrialization & urbanization has led to an increase in electricity consumption, therefore, demanding economizers for improving the efficiency of boilers & reduce energy consumption & preheating.
However, effluent emissions from thermal power plants are likely to hinder the growth of the market.
Market Taxonomy:
By geography, the market is segmented into Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. Among them, the Asia Pacific is the fastest growing market due to an increase in rapid Urbanization & industrialization in this region has boosted the demand for economizers in the region. India & China are the most favorable countries for growth within the region due to a large number of installation of thermal power plants & also due to stringent government policies these regions have shifted towards sustainable & renewable sources of energy.
Key Market Players:
Some of the key market players are Honeywell International Inc. (United States of America), Thermax Limited (India), Cleaver-Brooks, Inc. (United States of America), SAACKE GmbH (Germany), SECESPOL Sp. z o.o. (Poland), STULZ Air Technology Systems, Inc. (United States of America) , Kelvion Holding GmbH (Germany), BELIMO Holding AG (Switzerland), Cain Industries (United States of America), Sofame Technologies Inc. (Canada), Schneider Electric SE (France), Johnson Controls International plc (United States of America), Alfa Laval AB (Sweden), Cannon Boiler Works (United States of America), Shandong Hengtao Group (China), MicroMetl Corporation (United States of America), & Babcock & Wilcox Enterprises, Inc., (United States of America).
Research Report Key Highlights:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Fluid Economizers
5.1.3 Air-side Economizers
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Power Plants
5.2.3 Boilers
5.2.4 HVAC
5.2.5 Refrigeration
5.2.6 Data Centres
5.2.7 Y-o-Y Growth Analysis, By Application
5.2.7 Market Attractiveness Analysis, By Application
5.2.8 Market Share Analysis, By Application
5.3 End-use Industry
5.3.1 Introduction
5.3.2 Industrial
5.3.3 Commercial
5.3.4 Y-o-Y Growth Analysis, By End-use Industry
5.3.5 Market Attractiveness Analysis, By End-use Industry
5.3.6 Market Share Analysis, By End-use Industry
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By End-use Industry
6.1.3.3 By Type
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By End-use Industry
6.1.4.3 By Type
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By End-use Industry
6.1.5.3 By Type
6.1.5.4 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Honeywell International Inc
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Thermax Limited
8.3 Cleaver-Brooks
8.4 SAACKE GmbH
8.5 SECESPOL Sp. z o.o
8.6 STULZ Air Technology Systems, Inc.
8.7 Kelvion Holding GmbH
8.8 BELIMO Holding AG
8.9 Cain Industries
8.10 Sofame Technologies Inc
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
