In boilers, economizers are heat exchange devices that heat fluids, usually water, up to but not normally beyond the boiling point of that fluid.  Economizers are so named because they can make use of the enthalpy in fluid streams that are hot, but not hot enough to be used in a boiler, thereby recovering more useful enthalpy and improving the boilers efficiency.  They are a device fitted to a boiler which saves energy by using the exhaust gases from the boiler to preheat the cold water used to fill it (the feed water').
Steam boilers use large amounts of energy raising feed water to the boiling temperature, converting the water to steam and sometimes superheating that steam above saturation temperature. Heat transfer efficiency is improved when the highest temperatures near the combustion sources are used for boiling and superheating, while using the residual heat of the cooled combustion gases exhausting from the boiler through an economizer to raise the temperature of feed water entering the steam drum.
An indirect contact or direct contact condensing economizer will recover the residual heat from the combustion products. A series of dampers, an efficient control system, as well as a ventilator, allow all or part of the combustion products to pass through the economizer, depending on the demand for make-up water and/or process water. The temperature of the gases can be lowered from the boiling temperature of the fluid to little more than the incoming feed water temperature while preheating that feed water to the boiling temperature. High pressure boilers typically have larger economizer surfaces than low pressure boilers. Economizer tubes often have projections like fins to increase the heat transfer surface on the combustion gas side. On average over the years, boiler combustion efficiency has risen from 80% to more than 95%. The efficiency of heat produced is directly linked to boiler efficiency. The percentage of excess air and the temperature of the combustion products are two key variables in evaluating this efficiency.
The combustion of natural gas needs a certain quantity of air in order to be complete, so the burners need a flow of excess air in order to operate. Combustion produces water steam, and the quantity depends on the amount of natural gas burned. Also, the evaluation of the dew point depends on the excess air. Natural gas has different combustion efficiency curves linked to the temperature of the gases and the excess air. For example, if the gases are chilled to 38 °C and there is 15% excess air, then the efficiency will be 94%. The condensing economizer can thus recover the sensible and latent heat in the steam condensate contained in the flue gases for the process.
The economizer is made of an aluminium and stainless steel alloy. The gases pass through the cylinder, and the water passes through the finned tubes.  It condenses about 11% of the water contained in the gases.