The global economizer market is anticipated to grow at a substantial CAGR of 7.0% during the forecast period (2022-2028). An economizer is a heat exchanging device thatis gaining a lot of attention and growing the market owing to the benefits it provides to the consumers. As combustion gases leave the device after giving most of their heat to evaporator tubes, superheater tubes, and reheater tubes, it still possesses a lot of heat which if not recovered using some devices would go waste.
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The device has several advantages, some of which are:
(1) It improves the boiler efficiency. It has been found that about 1% efficiency of a boiler isincreased by increasing the temperature of feed water by 6 °C with help of an economizer.
(2) It reduces the losses of heat with the flue gases. The temperature of these flue gases isaround 370°C to 540°Cat the exit of the last reheater orsuperheater, having an excess of heatenergy that otherwise could have been wasted.
(3) It decreases the consumption of fuel. It has been projected that about 1% of fuel costscan be saved for every 6°C rise in temperature of the boiler feedwater.
(4) It decreases thermal stresses in the boiler owing to reduced temperature differential in theeconomizer is a heat exchanger used for preheating the Teed water using the hot gasesleaving the boiler
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By Application
o By End-User Industry
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Alfa Laval Corporate AB, Cannon Boiler Works, Inc., Cleaver-Brooks Co., Inc., SAACKE GmbH, STULZ Air Technology Systems, Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global EconomizerMarket Report Segment
By Type
- Fluid Economizer
- Air Side Economizer
By Application
- Power Plants
- HVAC
- Boilers
- Refrigeration
- Others (Data Centers)
By End-User Industry
- Industrial
- Commercial
