Press release
Heat Exchanger 2018 Market Demand, Strategy Analysis, Distributors/Traders and Channel Development Trend 2023
Heat exchange is an important unit operation that contributes to efficiency and safety of many processes. Heat transfer operations, of heat from one medium to another, holds high significance in industries such as chemicals, food, waste recovery, oil & gas, and others. Heat exchanger is a device that transfers thermal energy between one fluid to another fluid or solid surface and fluid, which are originally at different temperatures and are in thermal contact. The objectives served by heat exchangers include overheating prevention in power generation facilities, waste heat recovery, air cooling, general heat transference, and others.
Increasing stringent environmental regulations across the globe is the major factor driving the demand of market. Additionally, technological advancements in heat exchanger also have the positive influence on the growth of the market. However, fluctuating prices of raw material and high cost of synthetic may restrict the growth of the market.
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Global Market Top Key Players:-
• Sierra S.p.A
• Hamon & Cie International SA
• Koch Heat Transfer Company
• Southern Heat Exchanger
• Danfoss A/S
• SPX Corporation
• Xylem Inc.
• API Heat Transfer Inc.
• Gunter AG & Co. KG
Major Points From Table Of Content:-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
To be Continued.......
Industry News:-
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.
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.
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Global Heat Exchanger Market Analysis:-
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.
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.
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