“Lucintel’s latest study found that, The future of the global industrial air preheater market looks promising with opportunities in the chemical, pharmaceutical, thermal power plant, steel, and cement sectors. The global industrial air preheater market is expected to reach an estimated $11.3 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing use of these devices in thermal power plants , increasing demand for this product in the industry 4.0 revolution ,and presence of stringent governmental laws and regulations to minimize carbon footprint of the industrial sector.
In this market, regenerative air preheater and recuperative air preheater are the major segments of industrial air preheater market by type.
Lucintel forecast that regenerative air preheater is expected to witness highest growth over the forecast period due to its increasing demand for power across various end use sectors owing to its high efficiency and light weight.
Browse in depth TOC of the Industrial Air Preheater Market
100 – Figures
Industrial Air Preheater Market is marked by presence of several big and small players.
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