Superheater Market Overview
According
to the report published by Market Research Future (MRFR), the global
superheater market is anticipated to attain USD 4.52 bn
by the conclusion of 2024 and is likely to develop at 4.50% CAGR over the period 2019 to 2024. The surging number of power plants
and the extensive growth of the steam boilers market are some of the aspects
propelling the global superheaters market. A detailed analysis report of COVID-19 impact on Superheater Market Size is provided with the
report.
Also, the worldwide
superheater market is expected to grow at a substantial growth rate over the
review period owing to the rising capacity of power plants. A
superheater is an equipment which is incorporated to convert saturated steam
into superheated steam. This equipment is also used in steam turbines for the
generation of electricity, steam engines, and steam reforming.
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Industry Highlights
Superheaters can be
classified into three broad categories, which include combined superheaters,
radiant superheaters, and convection superheaters. A convection superheater
finds extensive usage in various applications and is situated behind or above
banks of water tubes to save them from direct fire. Radiant superheaters are
found near a furnace where it obtains the maximum amount of heat generated
through radiation after sufficient combustion of the fuel. Blended superheaters
have an inclination towards the falling steam temperature attributes of the
convection as well as radiant superheaters. It has the benefit of offering a
consistent steam temperature over a very wide range in load. The key application areas where superheaters
are being employed encompass the steam turbines and marine steam boilers.
As per the International
Energy Agency (IEA), an outlay of almost USD 9.5 trillion has been provisioned
for the construction of new power plants and renovation of the existing ones by
the conclusion of 2035. Additionally, the urban population is likely to account
for above 60% of the total population.
Superheater Market Segmentation
The global superheater
market is segmented based on application,
region, and type.
According to type, the global
superheater market is segmented into convection superheaters, combined
superheaters, and radiant superheaters.
The radiant type segment
leads the market owing to the fact that when the boiler load is decreased by
approximately 50%, the heat of the flue gas is relatively slashed as a result
the convection superheater is expected capture reduced heat.
A radiant superheater has the
capacity to sustain the heat at almost any load, thereby continuing final
superheat temperature. These aspects will encourage end users to integrate
radiant superheaters.
Regional
Analysis
The worldwide superheater
market is projected to reflect a prominent growth rate over the assessment
period, owing to the spurring number of power plants and their surging power
capacity. Asia-Pacific is likely to dominate the superheater market, which is
primarily driven by India and China. For example, according to China’s
five-year-plan of 2019, China would be capable of building 2 large coal power
stations within a month for subsequent 12 years, thereby mushrooming the
country’s ability by twice the size of Europe’s total coal capacity. This would
also accelerate the growth of demand for superheaters, which forms a
significant part of power plants. Additionally, Asia-Pacific is within the most
diversified industrial hubs with more than 70,000 products that have uses in
fertilizer, petrochemicals,cosmetics, and pharmaceuticals industries.
Supportive policies for industrial growth, low-cost of raw materials, easy
availability of cheap labor along with its low cost has turned India and China
into lucrative industrial markets and fastest emerging economies, across the
world. All these aspects are estimated to fuel the growth of superheater market
on regional basis.
Global superheater market is ruled
by key players such as Chromalox, National Boiler Service, Birwelco, Optimus
Industries, Sussman Electric Boilers, Alfa Laval, Watlow, Sandvik AB, KNM
Group, Maarky Thermal Systems Inc., Uchino Co., Ltd.,and VPI Acquisition Company LLC.
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