A power plant component that is used to pre-heat water which is delivered to a steam generating boiler is known as a feedwater heater. Preheating of feedwater results in the reduction of the irreversibilities that are involved in the steam generation, and therefore this improves the thermodynamic efficiency of the system. This, in turn, reduces operating costs of plant and also helps to avoid thermal shock to the boiler metal when the feedwater is injected back in the steam cycle. The pre-heating of water makes efficient improvements in the power plant by reducing the total energy required in the boiler in order to convert the water to steam.
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The global feedwater heater market is segmented as low-pressure feedwater heaters and high-pressure feedwater heaters. Which type of heater is to be installed totally depends on the particular requirements of the plant.
Presently, nuclear power generation is an efficient way of power generation as compared to coal power generation in terms of per unit cost and reliability of power supply. Though there are advantages of nuclear power generation, there also come concerns of lurching safety and efficiency improvements from today’s manufacturers of nuclear power plants. Older plants, that is, plants before the 70’s period, are not preferred for much time, and hence the demand for newer and more robust plants is in the picture. New nuclear plants are highly efficient and reliable as compared to older ones. Feedwater heaters will be an integral part of these new nuclear plants, adding more advantages to them. Using of feedwater heaters will add in the overall life of the fuel assembly rods in the reactor, which in turn will the cost saving of these power plants in the future.
Asia Pacific is anticipated to be the major player in the global nuclear feedwater heater market, mainly owing to the major installations of these nuclear feedwater heaters in this region. This trend is followed by Europe. Also, rising energy requirement in this region is anticipated to boost the demand for nuclear power in the near future. In addition, countries such as China, India, Taiwan, South Korea, and Pakistan are also expected to witness considerable growth in nuclear feedwater heaters market in the future.
Some of the major players dominating the global nuclear feedwater heaters market Thermal Engineering International Inc., Alstom, and Balcke-Durr. Other key players influencing the global market are Westinghouse, Foster Wheeler, and others.