Market Size of Economizer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Economizer Market Analysis
The Economizer market is expected to grow at a CAGR of over 4% during the forecast period. Major factor driving the market studied is the rapidly growing demand of economizer from power plants. On the flip side,iIncreasingly stringent environmental regulations limiting nitrogen oxide and sulfur dioxide emission from power plant and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- Growing application of economizer in waste heat recovery system in boiler is forecasted to offer various opportunities for the growth of the market over the forecast period.
- Economizer from power plant application is expected to dominate the market studied over the forecast period.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
