Global Steam Condenser Market Overview:
The Steam Condenser is a mechanical system that transforms low-pressure turbine exhaust steam to water. There are two primary reasons to use steam condenser; the first is to maintain low pressure at the outlet of the steam turbine and another reason is to supply pure feed water to the hot well which will again be pumped to the boiler pump. Steam Condenser is also used to increase the heat transfer rate by eliminating other non-condensable gases from exhaust steam. There are mainly two types of steam condensers, direct contact condenser, and surface condenser. The steam and cooling water combine in a direct contact type condenser and form a single stream. Usually, surface condensers are used in power plants. In this type of condenser, there is no contact between steam and cooling water. With the increasing need of energy across the world the demand for steam condenser is also increasing.
Growth Drivers
- Increasing Demand in Thermal Power Plants
- Need for Condensers in Food Processing Operations
Market Trends
- Adoption of Steam Condenser to Increase the Efficiency in Operations of Power Plants
Roadblocks
- It Is Not Possible to Reuse the Condensate Without Treatment
Opportunities
- Growing Number of Thermal Power Plants Will Boost the Demand of Steam Condensers
- Rise of Food Processing Industry Will Boost the Demand of Steam Condenser
Challenges
- Low Vacuum Efficiency in Case of Direct Contact Steam Condensers
- High Initial Instalment Cost Due to Complex Design
Competitive Landscape:
Although the market is a healthy mix of large as well as medium and small enterprises; the innovation and cutting-edge technology is only developed by a few marker leaders. The market is clustered around regions with huge energy needs like North America. Local players also have a significant presence but have low revenue compared to larger firms operating in this market.
Some of the key players profiled in the report are General Electric (United States), Larsen & Toubro Ltd (India), Ambassador Heat Transfer Company (United States), Foster Wheeler (Switzerland), GEA Group (Germany), Vahterus (Finland), Kasera Heat Exchanger Pvt. Ltd. (India), Pioneer Engineering Works (India), Ravi Industries (India), Chem Dist Process Solutions (India) and Aquatech Systems (India). Considering Market by Cooling Technique, the sub-segment i.e. Water Cooled Steam Condenser will boost the Steam Condenser market.
On Nov 26th, 2020, Vahterus a leading manufacturer of steam condensers launched the PSHE Multi-Condenser which is a new model of ammonia condenser developed for the heat-pump market. According to Vahterus, the device is also useful for other condensing uses, such as steam condensers. The PSHE Multi-Condenser, according to Vahterus, increases the COP of a heat pump system by de-superheating, condensing, and subcooling ammonia in a single unit, allowing for several variations.
What Can be Explored with the Steam Condenser Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Steam Condenser Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Steam Condenser
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Steam Condenser market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Steam Condenser market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Steam Condenser Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.