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Economizers recycle energy generated within a system or take advantage of temperature differences in the environment to boost efficiency. Economizers are most commonly used at night, when the outside air is cooler than the indoor air, a process known as "free cooling." Economizers mix enough outdoor air into the indoor air to meet the thermostat set point without using the compressor. Fresh air brought in by economizers while they save cooling energy at night can be considered as ventilation. Non-condensing economizers and condensing economizers are the two most common types of economizers. Non-condensing economizers are most commonly used because they increase efficiency by 2% to 4%. Economizers save fuel and streamline the process, which is why they are called economizers. Prior to desulphurization, these are also used in cooling gases in power plants. They also contribute to cost savings and water conservation. A heat exchanger used in boilers, heating, power plants, refrigeration, ventilating, and air conditioning (HVAC). Economizers are still used in modern boilers, such as those found in coal-fired power plants. Economizer was used to reduce the temperature of the external environment in order to preserve hardware in a green computing environment. In data centers, economizers are used to replace cooling devices such as computer room air conditioners. They reduce the cost of running data centers.Â
COVID-19 Impact analysis
Top Impacting Factors
The rise in demand for clean and reusable energy, as well as the use of economizers in HVAC (Heating, Ventilation, and Air Conditioning) applications drive the market growth. Furthermore, increase in construction activities and surge in refrigeration usage in the medical and automotive sectors are expected to be the major factors driving the market growth. Increase in demand for economizers from power plants, increased use of the product in construction activities, rapid industrialization, and urbanization around the world, and the prevalence of products with improved operational efficiency are the factors likely to accelerate the economizer market's growth. On the other hand, increase in public awareness about fuel consumption and energy conservation, as well as presence of various opportunities, drive the economizer market growth. Surge in demand for economizers in power plants to reduce energy consumption, as well as various applications of economizers as heat exchangers in power plants, propel the growth of the industry. In addition, a significant increase in global energy consumption and electricity demand has resulted in increased power plant size, boosting the market growth of economies.
Market Trends
Key Benefits of the Report
Economizer Market Report Highlights
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Key Market Players | Cleaver-Brook, Alfa Laval AB, Cleaver-Brooks, Inc, Cain Industries, Honeywell International Inc, Secespol SP. z o.o., Saacke GMBH, Stulz Air Technology Systems, Inc, Belimo Holding AG, Johnson Controls International PLC, Schneider Electric SE, Cain Industries,, Babcock & Wilcox Enterprises Inc, Thermax Ltd |
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