Superheater Market Is Booming Worldwide – Industry Segmented by Size, Share, Upcoming Trends, Growth, Opportunities, Prominent Players Analysis, Demand and Forecast To 2024

Superheater Market Is Booming Worldwide - Industry Segmented by Size, Share, Upcoming Trends, Growth, Opportunities, Prominent Players Analysis, Demand and Forecast To 2024

“Superheater Market”
Superheater Market Research Report: Information by Type (Radiant Superheaters, Convection Superheaters, and Combined Superheaters), by Application (Power Generation, Industrial, Oil & Gas, and Others), and by Region (North America, Europe, Asia-Pacific, the Middle East & Africa, and South America) – Forecast till 2024. The global superheater market is projected to reach USD 4.52 billion by 2024 and is expected to grow at 4.50 % CAGR during the period 2019–2024.

Superheater Market Highlights:

The global superheater market is projected to reach USD 4.52 billion by 2024 and is expected to grow at 4.50 % CAGR during the period, 2019–2024. The increasing number of power plants and the rapid growth of the steam boilers market are some of the factors driving the global superheaters market. Additionally, Asia-Pacific is among the most diversified industrial hub 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.

The global superheater market is projected to grow at a significant growth rate during the forecast period due to the increasing capacity of power plants. A superheater is a component of a boiler system that heats the steam produced above its saturation temperature to prevent it from condensation. Superheater also helps to improve the efficiency of a steam engine. There are three types of superheaters- radiant, convection, and combined. A superheater can vary in size from a few tens of feet to several hundred feet.  

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Industry Overview:

A superheater is a device which 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. Superheaters can be classified into three broad categories, which are convection superheaters, combined superheaters, and radiant superheaters. A convection superheater is the is used extensively in various applications and is located above or behind banks of water tubes to protect them from direct fire. Radiant superheaters are located near a furnace where it receives the majority of heat by radiation from the flue after burning the fuel. Combined superheaters have a combination of the falling steam temperature characteristics of the radiant as well as convection superheaters.

Competitive Dashboard:

  • 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.

Superheater Market Segmentation:

The global superheater market has been segmented based on type, application, and region.

on the basis of type, the global market has been divided into radiant superheaters, convection superheaters, and combined superheaters. The radiant type segment dominates the market due to fact that when the boiler load is reduced by around 50%, the heat of the flue gas is considerably reduced, therefore the convection superheater will capture less heat. A radiant superheater has the ability to maintain the heat at almost any load, thereby maintaining final superheat temperature. These factors will prompt end users to install radiant superheaters.

On the basis of application, the global market has been segmented as power generation, industrial, oil & gas, and others. The power generation segment is expected to dominate the market and also expected to grow at the highest CAGR.     

Superheater Industry Regional Analysis

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. These countries are estimated to account for nearly 70% of all the proposed thermal power capacity addition during the same period. All these factors are likely to drive the superheater market, as superheaters are an integral part of power generation plants.       

Scope of the Report:

This report provides an in-depth analysis of the global superheater market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, the Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global superheater market by its type, application, and region.

Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat Of New Entrants

5.5.2 Bargaining Power Of Buyers

5.5.3 Bargaining Power Of Suppliers

5.5.4 Threat Of Substitutes

5.5.5 Intensity Of Rivalry

5.6 Value Chain/Supply Chain Analysis

Continue…

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