Regenerative Air Preheaters Market: Increase in Global Power Generation Capacity

  • Rapid urbanization and industrialization across the globe is driving the demand for energy in the past few years. According to the International Energy Agency, in 2018, the global power demand increased by around 4% from 2017. Moreover, the low-carbon based power generation increased by around 6% in order to meet the demand in 2018.
  • Coal maintained its dominance in the electricity generation mix in 2018. Moreover, power generation from the source rose by 2.6% in 2018. This resulted in a 2.5% increase in carbon (CO2) in 2018, of which, coal contributed around 80% of the total growth.
  • Asia Pacific witnessed a rise in power generation by around 6.1%. Of which, China accounted for approximately 60% of the total power generation due to rapid advancement in power generation capacity, along with high demand for electricity in the country. China is followed by India, Japan, South Korea, and Indonesia in terms of rise in power generation in 2018.
  • Power generation also rose to around 3.6% from 2017 in the U.S. due to economic growth and weather conditions, which spurred electricity consumption in the country, while power generation marginally declined in Canada. However, in Europe, power generation remained fairly stable regardless of the growth in renewable power and hydropower production in Turkey and France.

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Key Drivers of Regenerative Air Preheaters Market

  • Increase in power demand across the globe is likely to drive the global regenerative air preheaters market during the forecast period. Even though power generation from renewable sources is growing at a rapid pace, it is unable to meet the increasing demand for power across the globe. However, this difference is being met majorly by coal and gas-based power plants.
  • Thermal power plants utilize regenerative air preheaters to preheat the combustion air from turbine output steam in order to increase the overall thermal efficiency of operations. Preheated air helps in efficient and rapid combustion in the boiler furnace. Gas-based power plants also benefit from use of regenerative air preheaters, as the latter increase efficiency. Thus, rise in power demand would drive utility companies to produce power in an efficient and economical way. This would drive the demand for regenerative air preheaters in the near future.
  • Industrialization is also likely to drive the global regenerative air preheaters market in the near future. Industries utilize boilers, steam, and hot air for various applications. These products can utilize regenerative air preheaters to increase thermal efficiency of their operations. These applications would require comparatively less fuel for similar thermal output, which would also minimize the overall operational costs for these industries.

Key Developments in Global Regenerative Air Preheaters Market

  • In August 2018, the ARVOS Group announced that its division LJUNGSTRÖM had invested in India by establishing their new air preheater production site at Mahindra World City, Chennai. The facility is expected to have a production capacity of around 16,000 metric tons per annum. The company claims that the facility is the largest heating element manufacturer in the region with advanced equipment and manufacturing processes.
  • In January 2018, the ARVOS Group announced that its division LJUNGSTRÖM had been awarded a contract by Doosan Power Systems India (DPSI) to supply Ljungström® gas-gas and Ljungström® air preheaters heaters for the Obra-C and Jawaharpur coal-based power plant in Sonebhadra and Etah districts of Uttar Pradesh, India

Asia Pacific Expected to Dominate Global Regenerative Air Preheaters Market

  • Asia Pacific is anticipated to hold a major share of the global regenerative air preheaters market during the forecast period. The growth of this market in the region can be attributed to rise in investments in gas and coal-based power plants in the region, especially in China and India. The region is the largest producer of coal-based power and is expected to continue its dominance in the market in the near future.
  • The regenerative air preheaters market in North America and Europe is likely to witness sluggish growth during the forecast period, as both regions are now focusing on renewable energy sources instead of fossil fuels to meet their electricity demands
  • The regenerative air preheaters market in Latin America and Middle East & Africa is anticipated to grow at a moderate pace during the forecast period

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Key Players in Global Regenerative Air Preheaters Market

Some of the key players operating in the regenerative air preheaters market include:

  • L&T-Howden Limited
  • Balcke-Dürr GmbH
  • IMECO LIMITED
  • Bharat Heavy Electricals Limited
  • ARVOS Group
  • AMSEnergy

Global Regenerative Air Preheaters Market: Research Scope

Global Regenerative Air Preheaters Market, by Type

  • Rotating-plate Regenerative Air Preheater
  • Stationary-plate Regenerative Air Preheater

Global Regenerative Air Preheaters Market, by End-user Industry

  • Power Generation
  • Chemical
  • Others (Pulp & Paper, etc.)

Global Regenerative Air Preheaters Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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