As per the research report titled, ‘Global Steam condenser for thermal power plant Market Size study, by Material (Jet Condenser, Surface Condenser) by End Use (Chemicals, Power plants, Refinery, Others) and Regional Forecasts 2021-2027’, available with MarketStudyReport, the global steam condenser for thermal power plant market is expected to register considerable growth during the period of 2021-2027.
 

The explosive growth of global steam condenser for thermal power plant market can be credited to the rapid urbanization and rising government focus on water conservation. With governments establishing various power plants to help improve electricity capabilities, the demand for steam condensers for thermal power plants are expected to develop during the projection period.
 

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For those unaware, a steam condenser is a tool that transforms vapors or gases into liquids. These are also heaters that come in a wide range of sizes and layouts. However, availability of condensed process fluid is expected to limit the market growth during the study period.
 

Moving on to the segmental analysis, the marketplace is fragmented based on material type and end-user landscape. Speaking of the material type, the market is categorized into jet condenser and surface condenser. The end-user landscape of this business space involves refinery, power plants, chemicals, and others.
 

The geographical analysis of the worldwide steam condenser for thermal power plant industry includes North America (Canada, U.S), Latin America (Mexico and Brazil), Europe (Germany, Spain, UK, France), Asia Pacific (China, India, Japan, South Korea), and the rest of the world.
 

The report states that North America currently leads in terms of market share and is likely to register consistent growth throughout the study period, primarily because of the rapid urbanization in the region.
 

Meanwhile, Asia-Pacific is also predicted to develop as a key revenue generator for the market participants by the year 2027. Factors such as expanding population and rapid industrialization will propel the steam condenser for thermal power plant market share in Asia-Pacific.
 

Prominent players profiled in the global steam condenser for thermal power plant industry are SPX Heat Transfer LLC, Foster Wheeler AG, J.D. Cousins Inc., Alfa Laval AB, Power Zone Equipment Inc., Siemens AG, Larsen & Toubro Ltd., GEA Group AG.