Introduction
According to Stratview Research, the global economizer market is projected to grow at a compound annual growth rate (CAGR) of 7.2% between 2023 and 2028. The economizer market growth reflects increasing demand for energy-efficient solutions across industries and regions.
Applications
The economizer market covers a wide range of applications: notably power plants, boilers, HVAC systems, refrigeration systems, and data centers. Among these, the report highlights power plants as a leading application — leveraging economizers for waste-heat recovery and feed-water preheating, which boosts overall efficiency.
Key Drivers
Several factors are driving market expansion:
- Growing global energy demand, particularly in emerging economies, which fuels expansion of thermal power plants prompting higher economizer adoption.
- Industrialization and infrastructure development (e.g., new boilers, HVAC installations) boosting demand for heat-recovery or energy-saving equipment.
- Rising regulatory and environmental pressures pushing industries to adopt energy-efficient, emission-saving technologies — making economizers a key part of sustainability strategies.
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Future Opportunities
Stratview’s forecast suggests a positive trajectory through the mid-2020s.Within product types, the fluid (or water-side) economizers segment is projected to grow at a higher rate, driven by their broad applicability in boilers and HVAC systems. Regionally, markets in Asia — due to rapid industrialization and expanding energy infrastructure — are likely to offer significant growth opportunities under the forecast horizon.
Conclusion
Based solely on Stratview Research data, the global economizer market is on a robust growth path, propelled by rising energy demand, industrial expansion, and environmental regulations. As power generation, industrial boilers, HVAC, refrigeration, and data-center cooling installations increase worldwide, demand for efficient waste-heat recovery through economizers — especially fluid-type units — will likely surge. For companies seeking energy savings and regulatory compliance, investing in economizer technologies seems increasingly compelling in the coming years.
