Reports
Global Industrial Air Preheater Market Size, Share, Forecast: By Type: Regenerative Air Preheaters, Recuperative Air Preheaters; By End Use: Chemicals, Pharmaceuticals, Thermal Power Plant, Steel, Cement, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2023-2028
Global Industrial Air Preheater Market Outlook
The global industrial air preheater market size is expected to grow at a CAGR of 5.50% in the forecast period of 2023-2028. The market is being driven by the increasing applications of industrial air preheaters in various end use sectors and the growing need for energy optimisation.
Key Trends in the Market
An industrial air preheater is a device which is used to preheat air used in combustion processes for various industrial applications such as furnaces and boilers. The air is preheated using heat from the flue gases before the combustion air enters the furnace, resulting in improved thermal efficiency and lower temperatures of flue gases discharged.
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- The increasing applications of industrial air preheater in thermal power plants is driving the industrial air preheater market growth. Industrial air preheaters optimise fuel consumption, bolster operational efficiency, and reduce the chances of corrosion and fouling in the boiler system.
- Industrial air preheaters reduce carbon emissions which is a critical market driving factor. This can be attributed to the stringent regulations of various governments across emerging economies aimed towards reducing the carbon footprint of the industrial sector.
- The rising demand for industrial air preheaters in the steel sector, to improve energy utilisation, is likely to fuel the market growth of industrial air preheaters in the coming years. In addition, the market is further expected to be aided by rapid urbanisation and increasing population, propelling the demand for iron and steel.
- Growing research and development activities in the pharmaceutical sector is likely to generate a steady demand for industrial air preheaters in pharmaceutical production plants, leading to a heightened growth of the industrial air preheater market.
Market Analysis
Based on type, the market is bifurcated into regenerative air preheaters and recuperative air preheaters. On the basis of end use, the market is classified into chemicals, pharmaceuticals, thermal power plant, steel, and cement, among others. The regional markets for industrial air preheaters are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global industrial air preheater market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Kelvion Holding GmbH
- Heilig Group
- Imeco Limited
- Howden Group
- HeatMatrix Group B.V.
- Others
Market Share by Type
The regenerative air preheaters segment, based on type, accounts for a healthy share of the industrial air preheater market. Regenerative air preheaters have a design advantage, as these are more compact, have less weight, occupy less space, provide high heat, and are extremely efficient, enabling them to heat primary and secondary air. Due to their compact size and efficiency, regenerative air preheaters are commonly used in high capacity boilers. The increasing applications of regenerative air preheaters in the power generation sector and rising demand for power across various end use sectors, is further propelling the segment’s growth.
Market Share by Region
Geographically, Asia Pacific is anticipated to be one of the fastest-growing regions in the industrial air preheater market over the forecast period, driven by heightening adoption of advanced technologies across power plants in emerging economies such as India and China. Rising investments towards development of power plants in the region are fuelling the incorporation of industrial air preheaters, thereby, adding to the market growth. Moreover, the rapid shift from non-renewable to renewable sources of energy is likely to be a crucial driving factor of the market for industrial air preheaters in this region. Meanwhile, Europe accounts for a considerable share of the industrial air preheater market, owing to the thriving chemical sector across well-established economies such as Germany and the United Kingdom.
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Competitive Landscape
Kelvion Holding GmbH is a leading company which develops, manufactures, distributes, and facilitates trading of various industrial components such as heat exchangers, air filtration systems, plastic filling media, aeration and ventilation solutions and performance. Founded in 1920, this company is headquartered in Bochum, Germany.
Heilig Group is a group of companies which offer technical solutions to various end users, as well as engineering solutions and production of machinery for recycling, waste separation, material handling, wood processing, industrial mixing, and heat exchanging, among others. The company was established in 1978 and is currently headquartered in Noord-Holland in the Netherlands.
Imeco Limited is one of the largest engineering organisations which caters to the demands of various sectors such as power, steel, cement, paper, fertiliser, chemicals, and refineries, among others. It was established in 1975 and is headquartered in West Bengal, India.
Other market players include Howden Group, and HeatMatrix Group B.V., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Application
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Industrial Air Preheater Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Air Preheater Historical Market (2018-2022)
8.3 Global Industrial Air Preheater Market Forecast (2023-2028)
8.4 Global Industrial Air Preheater Market by Type
8.4.1 Regenerative Air Preheaters
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Recuperative Air Preheaters
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Industrial Air Preheater Market by End Use
8.5.1 Chemicals
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Pharmaceuticals
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Thermal Power Plant
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Steel
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Cement
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Industrial Air Preheater Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Industrial Air Preheater Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Industrial Air Preheater Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Industrial Air Preheater Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Industrial Air Preheater Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Industrial Air Preheater Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Kelvion Holding GmbH
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Heilig Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Imeco Limited
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Howden Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 HeatMatrix Group B.V.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Industrial Air Preheater Market: Key Industry Highlights, 2018 and 2028
2. Global Industrial Air Preheater Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Industrial Air Preheater Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Industrial Air Preheater Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Industrial Air Preheater Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Industrial Air Preheater Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Industrial Air Preheater Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Industrial Air Preheater Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Industrial Air Preheater Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Industrial Air Preheater Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Industrial Air Preheater Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Industrial Air Preheater Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Industrial Air Preheater Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Industrial Air Preheater Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Industrial Air Preheater Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Industrial Air Preheater Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Industrial Air Preheater Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Industrial Air Preheater Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.50% in the forecast period of 2023-2028.
The major drivers of the market include increasing applications of industrial air preheaters in various end use sectors, growing need for energy optimisation, and increasing global demand for energy.
The key trends of the market include the growing research and development activities in the pharmaceutical sector and favourable carbon-curbing policies of various governments.
The significant types of industrial air preheaters the market are regenerative air preheaters and recuperative air preheaters.
The various end uses of industrial air preheaters in the market are chemicals, pharmaceuticals, thermal power plant, steel, and cement, among others.
The major regional markets for industrial air preheaters, according to the report, are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Air preheaters are a type of heat exchangers which increase the heat levels of air or gas or liquid.
The major market players, according to the report, are Kelvion Holding GmbH, Heilig Group, Imeco Limited, Howden Group, and HeatMatrix Group B.V., among others.
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