Global Economizer Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global economizer market in its upcoming report titled, “Global Economizer Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global economizer market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global economizer market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global economizer market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global economizer market report has been segmented on the basis of type, application, end use industry, and region.

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Economizer is a mechanical device used as a heat exchanger for preheating of fluids and to improve efficiency of the boiler.  An economizer transfers heat form flue gases–that come out from boilers–to feed water. Economizers are used in power plants, boilers, heating, ventilation, and air conditioning (HVAC) system, refrigeration, and data centres.

Rising demand for clean energy, cost effective cooling, and power efficient boilers globally, are key factors driving growth of the global economizer market. In addition, increased usage of economizer as heat exchanger for preheating fluids to optimize energy consumption is another factor fuelling growth of the global economizer market. Moreover, increasing number of power plants and refineries globally is expected to further propel growth of the global economizer market over the forecast period.

High cost of economizers is a key factor hampering growth of the global economizer market. Additionally, economizers require humidification in low temperature, this humidification process further increases cost and time duration of the process which is another factor expected to hamper growth of the global economizer market.

The market in Asia Pacific is expected to witness growth with highest CAGR over the forecast period in the global economizer market, owing to increasing adoption of economizers in power plants, boilers, heating, ventilation, and air conditioning systems. Moreover, increasing number of power plant projects and waste heat recovery projects in this region is another factor expected to drive growth of the Asia Pacific economizer market over the forecast period.

Global Economizer Market Segmentation

Global economizer market segmentation, by type:

• Fluid Economizers
• Air-side Economizers

Global economizer market segmentation, by application:

• Power Plants
• Boilers
• HVAC
• Refrigeration
• Data Centres

Global economizer market segmentation, by end-use industry:

• Industrial
• Commercial

Global economizer market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa