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.
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.
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.