Press release
Heat Exchanger Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts 2018 to 2023
Increase in demand for heat exchangers, owing to power requirement for commercial and non-commercial purposes, and increase in population and economic growth in the developing nations are some of the factors driving the market growth. Moreover, technological development in heat exchanger and growth in HVACR (Heating Ventilation Air Conditioning and Refrigeration) process equipment are pushing the market towards growth. Recent study shows that emerging trends in HVAC and its applications, have a direct impact on the dynamics of the heat exchanger industry, such as the development of waste heat recovery heat exchangers and the introduction of exhaust gas recirculation coolers. However, fluctuating prices of raw material acting as a major barrier to the growth of the heat exchanger market.
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Heat Exchanger Industry Top Key Players:-
• Gunter AG & Co. KG
• Sierra S.p.A
• Hamon & Cie International SA
• Koch Heat Transfer Company
• Hughes Anderson Heat Exchangers
• Alfa Laval AB
• Kelvion Holdings Gmbh
• Southern Heat Exchanger
• Danfoss A/S
• SPX Corporation
• Xylem Inc.
• API Heat Transfer Inc.
Industry News:-
In November 2017, US-based LNG equipment provider Chart Industries completed the acquisition of the heat transfer solutions company, Hudson Products, for USD 410 million.
In April 2017, Wabtec Corporation has acquired Thermal Transfer Corp., a supplier of industrial heat exchangers. The company has annual sales of about USD 25 million.
Modine Manufacturing Company, a diversified global leader in thermal management technology and solutions, announced the completion of its previously disclosed agreement to purchase Luvata Heat Transfer Solutions (HTS). The agreement to acquire the company was announced on September, 2016. The purchase price was approximately USD 418 million.
Heat Exchanger Global Market – Segmentation
On the basis of type, market is segmented into Shell and Tube Heat Exchanger, Plate Heat Exchanger, Regenerative Heat Exchanger, Air cooled. Shell and Tube heat exchanger dominates the type segment of the market. It is most common types of heat exchangers used globally. This exchanger is used for high-temperature and high-pressure applications in oil refineries and other large chemical processes. The Plate Heat segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the growing applications is food & beverage, petroleum & chemical processing and hydrocarbon processing.
On the basis of application, market is segmented into Chemicals, Oil & Gas, Power Generation, HVACR, Food & Beverages and Other. Chemicals dominates the application segment of the market followed by followed by petrochemical. HVACR segment is expected to grow at the highest CAGR during the forecast period.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
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Global Heat Exchanger Market Analysis:-
Europe region is capturing the largest market share of heat exchanger market owing to robust presence in plate & frame heat exchangers with respect to demand as well as production capacity. Moreover, heating demand from the region due to the cold weather condition drives the market for heat exchangers.
Asia-Pacific is anticipated to witness sharp expansion and developments in heat exchanger market as compared to other geographical regions, mainly by virtue of growing industrialization and increasing demand from developing nations like China and India. China is likely to register huge developments in its heat exchanger market due to growing demand from chemical as well as refrigeration industries.
Major Points of Table Of Content:-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Global Heat Exchangers Market, By Type
6 Global Heat Exchangers Market, By Application
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7 Global Heat Exchangers Market, By Region
7.1 Introduction
7.2 North America
7.2.1 Market Estimates & Forecast, 2018-2023
7.2.2 Market Estimates & Forecast By Type, 2018-2023
7.2.3 Market Estimates & Forecast By Application, 2018-2023
7.2.4 U.S.
8.2.4.1 Market Estimates & Forecast, 2018-2023
7.2.4.2 Market Estimates & Forecast By Type, 2018-2023
7.2.4.3 Market Estimates & Forecast By Application, 2018-2023
7.2.5 Canada
8.2.5.1 Market Estimates & Forecast, 2018-2023
7.2.5.2 Market Estimates & Forecast By Type, 2018-2023
Continued.........
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