Economizer Market to Witness Notable Growth by Forecast Period | 2029
Global economizer market is highly driven by some factors such as high use of economizer because of rising construction sector, growing demand of renewable energy and rising concern regarding environment. The growing concern about environment has increased the government regulations which goal to reduce the fuel consumption and ensure the conservation of energy these are some major factors that are providing lucrative opportunities for the growth of the economizer market. Moreover, the increasing demand of economizer in the end-user industries such as construction and power generation in the emerging economies with growing urbanization and industrialization is another major factor for the growth of the economizer market during the forecast period.
Data Bridge Market Research analyses that the economizer market is expected to undergo a CAGR of 6.60% during the forecast period. This indicates that the market value, which was USD 10.60 billion in 2021, would rocket up to USD 17.68 billion by 2029.
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Some of the major players operating in the economizer market are:
- Honeywell International Inc (U.S.)
- Schneider Electric (France)
- Johnson Controls (Ireland)
- Alfa Laval (Sweden)
- Thermax Limited (India)
- Babcock & Wilcox Enterprises Inc (U.S.)
- Belimo Holding AG (Switzerland)
- Stulz Air Technology Systems, Inc (U.S.)
- SECESPOL Sp. z o.o. (Poland)
- Cain Industries (U.S.)
- Saacke GMBH (Germany)
- Cleaver-Brooks (U.S.)
- Kelvion Holding GmbH (Germany)
- Sofame Technologies (Canada)
- Cannon Boiler Works (U.S.)
- Shandong Hengtao Energy Saving & Environment Protection Co., Ltd. (China)
- MicroMetl Corporation (U.S.)
Scope of the Economizer Market Report:
The economizer market is segmented on the basis of product type, application, boiling efficiency, sales channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Fluid or Water Side Economizer
- Air Side Economizer
Application
- Boilers
- Industrial and Commercial Refrigeration Systems
- Power Generation Systems
- Data Center Processing
- HVAC Systems
- Others
Boiling Efficiency
- Condensing
- Non-Condensing
Sales Channel
- OEM
- Aftermarket
End User
- Industrial
- Commercial
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Economizer Market Regional Analysis/Insights
The Economizer market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Economizer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Economizer within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Economizer market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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