An air preheater is a device used for heating air to increase the thermal efficiency of the process. The main use of air preheater is to recover heat from flue gas and reduce excessive heat loss through flue gas. It also helps to control the temperature of flue gas. This device is found in the path of flue gases between the chimney and economizer.

Air preheaters are preferred when the temperature of flue gas is very high. Some developing countries are seeing growth in power generation from coal due to increasing demand for energy in the past few years. Manufacturers are investing more in South Africa and the Asia Pacific region due to growing opportunities in emerging countries in these regions. These are major drivers expected to fuel the global air preheaters market. However, coal power plants have a huge impact on global warming and also adversely affect the climate goals laid down by the Paris Agreement. Many developed countries are shifting to power generation from renewable energy sources such as solar and wind. These factors are expected to hamper the growth of the air preheaters market during the forecast period. 

Air Preheaters Market – Competitive Landscape

The global air preheaters market is highly competitive. Several international and domestic players are operating in this market.

  • In April 2019, Sigma Thermal merged with Flaretec for improvement in heating solutions for industrial applications. Together with Flaretec, company will strengthen product portfolio. Also provide industrial process heating equipment and services on a global scale with enhanced cost-effectiveness, higher efficiency and extended local market support.
  • Major players in the air preheaters market are focusing on merger and acquisitions activities to boost market share by increasing their presence in different regions across the world. E.g. the healing group acquired Geurts International to build strong position in market as international supplier. 

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Geurts International

Company was founded in 1963 and involved in heat exchanging equipment and heat transfer solutions. In 2015, it became part of the Heilig Group. Heilig Group started in 1978. A group formed by single companies which offers different products and services including  recycling, waste management, bulk handling, wood processing, heat exchanging, industrial mixing, and electro technology.

Kelvion Holding GmbH

The company was founded in 1920. It is a global manufacturers of heat exchangers and also provides solutions for several industrial application including transportation, heavy industry, energy, oil and gas, chemical and marine, also sugar, food and beverage. 

Key players in the market include Balcke-Dürr GmbH, ARVOS Group, Danfoss, Mitsubishi Heavy Industries Machinery Systems, Ltd., Siemens AG, Thermodyne Engineering System, Imeco Limited, Aerofin, Ekströms Värmetekniska AB, MAXXTEC, Howden Group, Sigma Thermal, Lynchburg Air Preheater Corporation, Nanjing YireZonglian Energy Saving Technology Co. Ltd., Tinita Engg Pvt. Ltd, Metapow Engineers Pvt. Ltd., Geeco Enercon Private Limited, Corbett Industries Inc and others. Players focus on the development of new and efficient technology and products in order to retain their position in the market. 

Air Preheaters Market – Dynamics 

Growing opportunities in emerging economies in Asia Pacific and South Africa region

South Africa and Asia Pacific are major regions for manufacturers for investing due to growing market in developing economies from these regions. Growing urbanization and industrialization are major region for market growth in these region.  Also there is growth in power generation from coal due to increasing demand for energy in the past few years in some developing countries. This factor is expected to influence the market growth positively in coming years.

High impact on global warming and growing preference to renewable energy sources anticipated to obstruct market growth.

Global warming and climate goals are get highly effected by coal power plants. Most of the developed countries are shifting their preference towards renewable energy sources such as solar and wind for power generation to get clean energy and reduce pollution.  These factors are estimated to hinder the growth of the air preheaters market during the forecast period. 

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Air Preheaters Market – Segmentation 

On the basis of type, the air preheaters market is segmented into:

  • Tubular Air Preheater
  • Regenerative Air Preheater

Based on material, the air preheaters market can be segregated into:

  • Stainless Steel
  • Copper
  • Aluminum
  • Other

Based on application, market is segmented into:

  • Power Generation
  • Oil and Gas
  • Chemical Industry
  • Others

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  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

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