Steam Condenser for Thermal Power Plant Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

The global steam condenser for the thermal power plant market is expected to progress at a steady growth rate over the forecast period.

A steam condenser is a tool that is used to decrease vapor or gas to liquid. Steam condensers are heat exchangers which come in numerous sizes and designs. The range of steam condensers varies from small to large-scale units that are utilized for industrial purposes. It is commonly used for outdoor air conditioning systems. Steam Condensers are often used for surrounding water or air as the coolant.

The utilization of these products saves the cost of water softening by improving and re-circulating the feed water. It is responsible for cost reduction of freshwater which is used in boilers. However, the condensed process fluid which is present in water is considered dangerous by ecological regulations, may be regarded as a restraint to the market. This liquid absolved needs a secondary process before dumping which results in an additional cost. The government regulations to promote spending in renewable energy sources have become the primary challenge for steam condensers for the thermal power plant market. The emerging economies such as Sri Lanka, China, Japan, and India have augmented the production of electricity owing to growing commercial and industrial needs. The governments of these countries are adding power capabilities by setting up various power plants, which, in turn, has enlarged the opportunity for these products which is to be used in thermal power stations for generation of electricity. With speedy development of economies, the steam condensers market is expected to grow over the forecast period.

Steam condensers used in industries are segregated in two types namely surface condenser and jet condenser. The products which are utilized in refrigeration are water-cooled condensers, evaporative condensers, and air-cooled condenser. They are employed for air conditioning and in refrigerators for heat removal that is extracted from the inside unit. It is also utilized for industrial purposes in a definite chemical process such as in steam power plants. By application, it can be segregated into the hydrophobic condenser, once through cooling, re-circulated cooling, and thermosyphon cooler.

The hydrophobic condenser is the design of steam condensers that is based on filmwise condensation. In this condensing process, steam will form a water film on the face of the condenser tube. This layer of condensed water acts as a supplementary barrier to the heat transfer procedure. Significant enhancement of the heat transfer competence can be achieved by forcing the condensate to drip up into droplets, which can be removed from the surface by the steam flow, a procedure known as drop-wise condensation. However, there are no consistent means of generating drop-wise condensation under industrial conditions for extended periods, till date.

OTC systems take water from a natural water body such as a lake, river, and ocean. The water is forced through the tubes of a steam condenser where it is heated. Hybrid cooling systems integrate traditional air-cooled condensers and wet cooling towers and, with the former operating the mainstream of the time and the latter employed to mitigate performance consequence at lofty ambient temperatures. New hybridization concept, industrialized by Johnson Controls, applies a dry heat rejection technology, named as thermosyphon cooling (TSC), which was initially developed for space conditioning in buildings.

By geographical regions, steam condensers for the thermal power plant market can be segregated into Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific is expected to be the fastest-growing segment of this market owing to increasing urbanization in the emerging economies including India and China. Rapid urbanization will fuel the demand for power generation which in return will fuel the need for the product over the forecast period. North America is expected to capture maximum share regarding revenue over the forecast period owing to increased government regulations on water saving. Europe is the next largest segment following North America. Rapid industrialization across the world is also expected to fuel the demand for the product for thermal power plants. Some of the key players in this market are Foster GE, Wheeler, GEA Group, and Larsen and Turbo.