Feed Water Heater for Power Plants Market – Evolving Industry Trends and key Insights by 2023

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A feed water heater is an equipment utilized to preheat boiler feed water in a power plant. Preheating has many advantages such as improved thermodynamic efficiency of the system. The function of feed water heaters is to capture internal energy spent from steam and utilize that energy to preheat condensate feed water. It reduces plant operating costs. It also aids to avoid thermal shock to the boiler metal when the feedwater is introduced back into the steam cycle.

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One of the primary drivers of growth for feed water heater market is the rising global demand for power and energy. World population is increasing day by day and power demand is increasing simultaneously. Increased construction and industrial activities across the globe have further boosted the demand for power. Feed water heaters demand is increasing with increase in power generation activities.

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The number of nuclear power plants has increased since last decade. Countries such as India and China have boosted the number of nuclear power plants. Increasing number of nuclear power plants is also boosting the demand for feedwater heaters. The demand for feed water heaters in existing and upcoming nuclear power stations is bound to increase.

Some of the major players in the market include BWX Technologies Inc., Westinghouse Electric Company LLC, KNM Group Berhad,Thermal Engineering International (USA) Inc., SPX Heat Transfer Inc., Foster Wheeler AG, Balcke-Dur GmbH and Alstom Power SA among others.

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