The size of the global steam condenser market was worth USD 18 million in 2023. The global market is anticipated to grow at a CAGR of 4.44% from 2024 to 2032 and be worth USD 27 million by 2032 from USD 19 million in 2024.
A Steam Condenser is a heat transfer device that is used to condense vapors into liquids. A Steam Condenser is termed a device in which the heat emitted by steam is transformed into water drops and collected at the bottom using a cooling process. Heat exchangers, known as steam condensers, come in various sizes, capacities, and designs. Depending on the requirements of industrial processes, steam condensers range in capacity from modest to large. For example, steam condensers are commonly utilized in air conditioning systems. Jet condensers and surface condensers are the two types of steam condensers. Cooling water is sprayed on exhaust steam in a jet condenser to speed up condensation. The smoke from the exhaust comes into close touch with the water that has been distributed. Condensate water and sprayed water have the same temperature and provide the same amount of heat. However, the dissipated steam and cooling water does not come into direct contact with the surface condenser. Instead, the chilled water goes through the pipelines, and the moisture that has been consumed is released onto the pipe to cool it down and alleviate heat energy.
During 2024 - 2032, an increase in steam usage in oil, gas, coal, and thermal power plants to produce electricity, energy, and power is likely to boost the worldwide steam condenser market. Because of the significant demand for cooling, steam condensers are widely employed in all power plants. In addition, several companies utilize steam condensers to carry out specific chemical operations at a particular temperature. In the coming years, rapid development projects for power and electricity generation are projected to propel the steam condenser ultimatum. However, the condensed liquid collected from the steam condenser is environmentally harmful. The use of steam in many end-user sectors, such as thermal power plants, oil and gas industries, and others, has increased due to the rapid growth in development around the globe. As a result, demand for steam condensers has increased in the market. For example, these mechanical devices are widely employed for refrigeration solutions in a variety of power plants.
Furthermore, a specific temperature is required for the approval of certain industrial chemical processes. In the coming years, rapid development projects for power and electricity generation are projected to propel the steam condenser ultimatum. The condensed liquid collected from the steam condenser is environmentally harmful. During the forecast period, however, the worldwide steam condenser market is expected to be hampered by a shift toward adopting renewable energy resources.
During the forecast period, however, the worldwide steam condenser market is expected to be hampered by a shift toward adopting renewable energy resources. However, the high cost of installation of these devices restricts the global steam condenser market expansion. Moreover, the cooling water and condensate are discharged in the same stream, and the condensate cannot be reused without water treatment. In addition, direct contact condensers, such as the jet condenser, have a low vacuum efficiency. These are the primary characteristics that hamper the global steam condenser market growth during the foreseen period.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 – 2032 |
Base Year |
2023 |
Forecast Period |
2024 - 2032 |
CAGR |
4.44% |
Segments Covered |
By Material, End User, and Region. |
Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
GEA, Larsen and Turbo Limited, Siemens, Power Zone Equipment, Inc., Mitsubishi Heavy Industries (MHI), Markey Thermal Systems, Alfa Laval, S.A.HAMON, Foster Wheeler AG, J.D.Cousins, Inc, SPX Heat Transfer, Tri-Power Energy Systems, and Others. |
Based on material, the surface condenser segment is expected to have a significant proportion of the worldwide steam condenser market during the projected period. During the projected period, demand for steam condensers is fueled by the lack of pollutants in condensate water and low power requirements. as well as to convert the turbine exhaust steam into pure water (referred to as steam condensate) so that it can be reused as boiler feed water in the steam generator or boiler.
During the forecast period, the power plant sector is likely to account for a significant portion of the worldwide steam condenser market. During the projected period, excessive use of steam and turbines in generating energy and electricity is expected to drive demand for steam condensers. Moreover, Condensers improve the efficiency of a thermal power plant or a steam power plant by lowering the steam exhaust pressure below the atmospheric pressure. Another benefit of the condenser is that the condensed steam can be recovered to give the boiler a source of good clean feed water, which significantly reduces the water-softening plant's capacity.
The Global Steam Condenser Market Report includes the segmentation of Regions:
The North American region tends to have the largest share in the global steam condenser market during the forecast period. The widespread presence of power plants in the United States is expected to drive demand for steam condensers in the coming years.
The Europe region comprises a large number of power plants. This, combined with stringent water conservation measures, is expected to increase the demand for steam condensers in the area in the following years. Furthermore, the steam condenser market in Europe is expected to grow due to an increase in the need for refrigeration in various sectors.
Due to rapid industrial development and an increase in the number of power plants in the region's rising nations, Asia-Pacific owns a substantial part of the worldwide steam condenses market.
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