With the growing regulations and restrictions pertaining to energy conservation and reduction of fuel consumption, global economizers market is expected to create significant growth opportunities for industry incumbents during the forecast period. An economizer is a mechanical device which acts as a heat exchanger by preheating the feed water to improve the efficiency of the process. Economizers utilize residual heat from combustion products i.e. fuel gases, thereby improving thermal efficiency of the process as the process then requires relatively lesser fuel for the pre-heating the water in order to produce steam. Thus, economizers help in fuel saving and economizing the process and hence are referred to as economizers. Economizers offer numerous benefits, such as waste heat recovery and reduction of carbon emissions. These economizers also help in cooling gases in power plants prior to desulphurization. Thus, economizers help in cost reduction and water conservation. Improved and more efficient economizers are being developed to further improve the efficiency of the process.
Increasing government regulations aiming to minimize fuel consumption and to ensure energy conservation have led to the growth of the global economizers market over the recent past. Reportedly, use of economizers enhances the fuel economy by around 5-7%. They also help in achieving a general reduction in cost and improved operational efficiency. Moreover, the rapid growth in the end use industries, such as construction, power generation, especially in the developing regions with rising urbanization and industrialization, is another major factor driving the growth of the market.
The Economizers market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Economizers.
This report presents the worldwide Economizers market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Clyde Bergemann Australia
Economizers Breakdown Data by Type
Fluid/ Water Side Economizer
Air Side Economizer
Economizers Breakdown Data by Application
Economizers Production by Region
Economizers Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Economizers status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Economizers manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Economizers :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Economizers market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.