A
superheater is a device that can convert saturated steam into superheated
steam. Superheaters are also used in steam turbines for electricity generation,
steam engines, and steam reforming. Market Research Future (MRFR) has published
a research report about the global superheater market that augurs adumbration for
this market at 4.50% CAGR during the forecast period between 2019 and 2024. By
value, the market can be worth the USD 4.52 bn by the end of the forecast
period.
The
most exigent factors that speed up the global superheater
market growth include increasing demand for electricity, growing power
generation, availability of low-cost raw materials, and rising investments in
power plants.
Market Segmentation
The
global superheater market segmentation covers application and type. MRFR is
exploring the features of these segments to understand market trends.
As
per the application-based segmentation, this market covers industrial
applications, oil & gas, power generation applications, and others.
By
type, the market can be segmented into convection superheaters, radiant
superheaters, and combined superheaters. During the forecast period, the
radiant superheater is expected to dominate the market. The reason behind its
dominance is simple science. Once the boiler load reduces by 50%, the heat of
fuel gas also reduces. Hence, a conventional superheater captures less heat in
such a situation. However, the radiant superheater does have the ability to
maintain the heat at almost any load. It can thus, maintain the final superheat
temperature. Therefore, end-users have a good reason to install radiant
superheaters.
Regional Segmentation
The
regional segmentation of the global superheater market covers Asia Pacific, North
America, Europe, South America, and the Middle East & Africa (MEA).
During
the forecast period, Asia Pacific is expected to lead the superheater market,
with China and India being the backbone of this market. Other major
country-specific markets in this region are Australia, Indonesia, and Thailand.
Remaining countries of Asia Pacific region also contribute revenue to the
market. China and India have been estimated to hold nearly 70% of all the
proposed thermal power capacity addition during the forecast period, boosting
the market growth as superheaters must be installed in power generation plants.
In
North America, the market has been estimated to stay strong during the forecast
period due to developed infrastructure, more power consumption, presence of key
market players in the USA, technological advancement, and increasing power
production. The critical country-specific markets after the USA are Canada and
Mexico.
In
South America, the market can grow during the forecast slowly but steadily as
South America is yet to achieve technological advancement over North America.
The big-league country-specific markets in this region are Argentina, Brazil,
Colombia, and Venezuela. Some contribution to this market also comes from the
remaining countries of South America.
Europe
is another prominent regional market due to the reasons that are primarily the same
as in North America. Maximum market revenue in this region gets generated in
Germany, Norway, Russia, and the UK. Other countries of Europe also form a
sizable part of the market.
In
the MEA region, the market growth is slow due to limited availability of
technology and lack of skilled professionals. The key country-specific markets
in this region are Angola, Egypt, Qatar, and Saudi Arabia. Remaining countries
of the MEA region also add revenue to the market.
Key Players
Major
players in the global superheater market include Alfa Laval (Sweden), Chromalox
Inc. (USA), KNM Group (Malaysia), Maarky Thermal Systems Inc. (USA), National
Boiler Service (USA), Optimus Industries (USA), Sandvik AB (Sweden), Sussman
Electric Boilers (USA), Uchino Co. Ltd. (Japan), Unit Birwelco (UK), VPI
Acquisition Company LLC (USA), and Watlow (USA).
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