Superheater is a
device that is used to convert saturated steam into superheated steam. These
devices are also used in steam turbines for electricity generation, steam
reforming, and steam engines. The superheaters can be classified into three
broad categories, which are convection superheaters, combined superheaters, and
radiant superheaters. Convection superheater is the oldest type of superheater
that is used in a wide range of applications and is located above or behind
banks of water tubes to protect it from direct fire.
The global
superheater market is set to witness significant growth due to booming steam
boilers market and increasing construction of power plants. Additionally,
Asia-Pacific is one of the most diversified industrial hubs with more than
70,000 products that have applications in cosmetics, petrochemicals,
pharmaceuticals, and fertilizer industries. The increase in the power plant
capacity has become a major driver for the growth of the global superheater
market. According to International Energy Agency (IEA), an investment of
approximately USD 9.5 trillion has been estimated for the construction of new
power plants and refurbishment of the existing ones by 2035. Moreover, the
urban population will account for more than 60% of the total population.
Additionally, supportive industrial growth policies, low-cost raw materials,
cheap labor cost, and ease of availability has turned China and India into
attractive markets for superheaters. All these factors are expected to drive
the superheater market.
Industry Segmentation
The global
superheater market has been segmented based on type into- radiant superheaters,
convection superheaters, and combined superheaters. Among these types, the
radiant type segment dominates the market due to fact that when a boiler load
is reduced by around 50%, the heat of the flue gas reduces, therefore the
convection superheater will capture less heat. However, a radiant superheater
will maintain the heat at almost any load, thereby maintaining final superheat
temperature.
Regional Outlook
Region-wise,
Asia-Pacific held the largest market share of the global superheater market in
2018. It is estimated that Asia-Pacific would be the fastest growing market
during the forecast period, mainly due to the growing demand for power and
rising investments in constructing new power generation plants. China is
expected to lead the Asia-Pacific superheater market during the forecast period
and is projected to grow at the highest CAGR from 2018–2023. The market in
China and India are projected to be among the fastest-growing economies during
the forecast period.
Key Players
The key players of
the global superheater market are National Boiler Service, Chromalox, Optimus
Industries, Birwelco, Alfa Laval, Sussman Electric Boilers, Watlow, KNM Group,
Sandvik AB, VPI Acquisition Company LLC, Maarky Thermal Systems Inc., and
Uchino Co., Ltd.
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