Industrial Air Preheater Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Air Preheater Trends and Forecast

The future of the global industrial air preheater market looks promising with opportunities in the chemical, pharmaceutical, thermal power plant, steel, and cement sectors. The global industrial air preheater market is expected to reach an estimated $11.3 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing use of these devices in thermal power plants , increasing demand for this product in the industry 4.0 revolution ,and presence of stringent governmental laws and regulations to minimize carbon footprint of the industrial sector.

A more than 150-page report is developed to help in your business decisions.

Industrial Air Preheater by Segment

The study includes a forecast for the global industrial air preheater by type, end use industry, material, technology, and region.

Industrial Air Preheater Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Regenerative Air Preheaters
• Recuperative Air Preheaters

Industrial Air Preheater Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Chemicals
• Pharmaceuticals
• Thermal Power Plant
• Steel
• Cement
• Others

Industrial Air Preheater Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Industrial Air Preheater Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial air preheater companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial air preheater companies profiled in this report include-

• Mitsubishi Heavy Industries
• Kelvion
• Heilig
• Imeco
• Ka Ekstrom & Son
• Arvos
• Howden
• Balcke-Durr
• Heatmatrix
• Thermodyne Boilers
• Sigma Thermal

Industrial Air Preheater Market Insights

Lucintel forecast that regenerative air preheater is expected to witness highest growth over the forecast period due to its increasing demand for power across various end use sectors owing to its high efficiency and light weight.

Pharmaceutical will remain the largest segment due to significant demand for industrial air preheaters in pharmaceutical production plants.

Europe is expected to witness highest growth over the forecast period due to expanding number of thermal power plants and presence of well-establsihed chemical industry in the region.

Features of the Global Industrial Air Preheater Market

Market Size Estimates: Industrial air preheater market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Industrial air preheater market size by type, end use industry, and region. in terms of value ($B).

Regional Analysis: Industrial air preheater market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use industry, and region.s for the industrial air preheater market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial air preheater market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the industrial air preheater market size?

Answer: The global industrial air preheater market is expected to reach an estimated $11.3 billion by 2030.

Q.2. What is the growth forecast for industrial air preheater market?

Answer: The global industrial air preheater market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the industrial air preheater market?

Answer: The major drivers for this market are growing use of these devices in thermal power plants , increasing demand for this product in the industry 4.0 revolution, and presence of stringent governmental laws and regulations to minimize carbon footprint of the industrial sector .

Q.4. What are the major segments for industrial air preheater market?

Answer: The future of the industrial air preheater market looks promising with opportunities in the chemical, pharmaceutical, thermal power plant, steel, and cement sectors.

Q.5. Who are the key industrial air preheater market companies?

Answer: Some of the key industrial air preheater companies are as follows:

• MITSUBISHI HEAVY INDUSTRIES
• Kelvion
• Heilig
• IMECO
• KA Ekstrom & Son
• ARVOS
• Howden
• Balcke-Durr
• HeatMatrix
• Thermodyne Boilers

Q.6. Which industrial air preheater market segment will be the largest in future?

Answer: Lucintel forecast that regenerative air preheater is expected to witness highest growth over the forecast period due to its increasing demand for power across various end use sectors owing to its high efficiency and light weight.

Q.7. In industrial air preheater market, which region is expected to be the largest in next 5 years?

Answer: Europe is expected to witness highest growth over the forecast period due to expanding number of thermal power plants and presence of well-establsihed chemical industry in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the industrial air preheater market by type (regenerative air preheaters and recuperative air preheaters), end use industry (chemicals, pharmaceuticals, thermal power plant, steel, cement, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?