PREVIEW GLOBAL FEED WATER HEATER FOR POWER

PLANTS MARKET
PREVIEW GLOBAL FEED WATER HEATER FOR POWER PLANTS MARKET

PREVIEW GLOBAL FEED WATER HEATER FOR POWER PLANTS

MARKET

Revenue (USD Million) 2016 2017 2018 2019

Global Feed Water Heater For Power Plants Market 599.6 620.0 646.4 676.4
Asia Pacific Feed Water Heater For Power Plants Market 205.61 209.11 227.46 231.74

Global Feed Water Heater For Power Plants Market, Key Insights

 The global feedwater heater for power plant market is anticipated witness
substantial growth during the upcoming years. One of the major growth factor of
feed water heater market is the surging global demand for energy and power. With
the increasing global population day by day and demand or power is also surging
simultaneously. Additionally, surging industrial and construction activities across all
regions have further stimulated the demand for power. The demand for feed water
heaters is directly proportionate to the demand for power. To fulfill the demand for
power with increasing population the number of nuclear power plants has grown
since last decade. Numerous countries like India China and among others have
increased the number of nuclear power plants, simultaneously increasing the
demand for feed water heaters in existing and upcoming nuclear power.

 Technical characteristics of the feedwater heater is primary demand driver for the
market. A feed water heater supplies preheat boiler feed water in a power plant that
improves thermodynamic efficiency of the system. The function of feed water
heaters is to capture internal energy spent from steam and utilize that energy to
preheat condensate feed water. It reduces plant operating costs. It also aids to avoid
thermal shock to the boiler metal when the feed water is introduced back into the
steam cycle.

 The outbreak of COIVD-19 virus did not have much effect on feed water heater for
power plants market but the industry faced a setback due to shortage of
management and labor and restriction in the movements of goods and services.

 Asia Pacific is anticipated to witness significant growth for the feed water heater for
power plants market owing to the rising demand for power and energy in countries
such as China, India, Japan, and South Korea among others. Being hubs for local
manufacturing industries and the presence of numerous enterprises and factories in
developing economies such as China, India and Indonesia has created immense

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PREVIEW GLOBAL FEED WATER HEATER FOR POWER PLANTS MARKET

opportunities for market expansion.

 Europe and North America are anticipated to hold significant share in the global feed
water heater for power plants market. In North America, countries like Canada and
U.S. there is a huge market for the feed water heater for power plants due to the
already established market in the region, whereas in Europe the countries like
Russia, France, U.K. and Italy have the presence of leading market players.

 The other regions such as Latin America and the Middle East also hold their ample
share in the global market. Countries like Brazil and Mexico are have growth
prospects growth in the market due to the surge in the number of power plants in
the region. Additionally, governments of the countries have allocated funds for the
expansion and development of energy infrastructure. This is anticipated to stimulate
growth in the region.

 Similar insights will be provided in the final deliverable.

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