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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 economizer 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.
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