Water
that is conveyed from a condenser or tank into a boiler for
conversion into steam is referred to as feedwater. However, conveying
water that has a considerably different temperature than that of the
boiler can cause a thermal shock, which could cause cracks to form in
the boiler, thus compromising its structural integrity. The demand
for global feedwater heaters market for power plants stems largely
from the improvement they afford to the overall thermodynamic
efficiency of boiler systems.
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Given
the pivotal role that feedwater heaters play in boiler systems,
investments in feedwater heaters are poised to grow, especially so in
power plants. Power generation is on the rise to keep pace with a
mounting demand for energy as both urbanization and industrialization
make inroads into hitherto underdeveloped regions. With power plants
of varying capacities mushrooming across the world, the demand for
feedwater heaters for power plants will also grow.
How
Will Preference for Renewable Energy Affect Demand for Feedwater
Heater for Power Plants?
There
is a multi-directional demand for feedwater heaters as they are used
in different types of power plants, such as nuclear-powered,
gas-powered, and boiler steam-powered plants. A remarkable increase
in the number of nuclear power plants globally will also be a
contributing factor for the growth of the global feedwater heater for
power plants market. In this context, however, environmental and
safety concerns associated with the development of nuclear plants
will likely hamper the demand for feedwater heaters, which could have
otherwise contributed to the growth of the feedwater heater market.
Feedwater
heaters for power plants powered by clean and renewable energy
sources are an enormous opportunity that companies are beginning to
wake up to. Continuous design and efficiency optimization is the key
competitive strategy adopted by leading companies in the global
market for feedwater heaters for power plants. It is thus, expected
that the commercial acceptance of power plants powered by renewable
energy sources will augur well for the state of the feedwater heaters
market in general and feedwater heaters for power plants in
particular.
China
and India Represent Fastest-growing Markets for Feedwater Heaters for
Power Plants
North
America and Europe are the leading regional markets for feedwater
heaters for power plants. While the U.S. and Canada are massive
markets for feedwater heater for power plants in North America, in
Europe, this distinction belongs to countries such as Russia, France,
the U.K., and Italy. While these two regional markets will continue
to see remunerative opportunities, it is the Asia Pacific market that
will emerge most rapidly.
Several
regions in India and China still remain underserved as far as energy
supply is concerned. This is changing with the governments of both
countries allocating sizeable funds for the development and expansion
of their energy infrastructure. With these two major economies moving
a step closer to energy sufficiency, the demand for power plants, and
consequently, feedwater heaters for power plants will show a
noticeable spike.
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the Free Sample Research Report of Feed Water Heater for Power Plants
Market at:
India
and China are also reporting a progressive increase in the number of
nuclear power plants on their soil. In China alone, there are 30
nuclear power plants reportedly operational and 21 are classified as
being under construction. Many more are in the design, planning,
and/or approval stage.
As a
result of these factors, leading companies such as BWX Technologies
Inc., KNM Group Berhad, Alstom Power SA, Westinghouse Electric
Company LLC, SPX Heat Transfer Inc., Thermal Engineering
International (USA) Inc., Balcke-Dur GmbH, and Foster Wheeler AG will
find several opportunities for growth.
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