Heat Exchangers Market Forecast 2018-2026 Global Players – Alfa Laval, Kelvion Holdings of Germany, SPX Corporation, Xylem Inc., Danfoss A/S, API Heat Transfer Inc., Guntner GmbH & Co. Kg, Hamon & Cie International, Hindustan Dorr-Oliver Ltd. and Hisaka

According to the new market research “Heat Exchangers Market [By Product Type (Shell & Tube (U-Tube, Straight Tube (1 & 2 Pass Tube Side)), Plate & Frame (Gasket, Welded, Brazed), Air Cooled, Extended Surface, Heat Sinks, Regenerative, Printed Circuit (PCHE)); By Material of Construction (Carbon Steel, Stainless Steel, Nickel, Others); By Graphite Heat Exchanger (Cubic, Graphite Block, Polytube Graphite Shell & Tube Block); By Application Type (Pulp & Paper, Automotive, Healthcare, Chemical, Electronics, Petrochemicals and Oil & Gas, Food & Beverage, HVACR, Others), By Regions]: Market size & Forecast, 2018 – 2026", The Heat Exchangers market is expected to reach USD 33.01 Billion by 2026 at a CAGR of 6.9%.

A heat exchanger primarily works on the principle of convection and conduction for making transfer of thermal energy in the required processes. New technological developments and increased demand for energy-efficiency in almost every industrial and commercial sector around the globe has been a force majeure for the global heat exchangers market.

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Major Key Player In Global Market: -

Alfa Laval AB
Hughes Anderson
Kelvion Holdings GmbH
Koch Heat Transfer Co.
SPX Corporation
HRS Heat Exchangers Ltd.
Xylem Inc.
AOI Heat Transfer Inc.
Hindustan Dorr-Oliver Ltd.

This industrial equipment is available of different types such as shell & tube, plate & frame, graphite and other heat exchangers types. Each type of heat exchanger includes its own set of pros and cons and is generally compared on the basis of purchase cost, installation cost, operating cost, and maintenance cost. Some of the primary criteria for choosing a particular type of heat exchanger includes operating pressure & temperature, application, available utilities, characteristics of the fluids, plot plan & layout constraints, considerations for future expansions, and mechanical considerations.

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The global market has significantly evolved around the technological efficiency of the products, their raw materials and government initiatives for energy efficiency across the world. The change in consumer preference towards utilization of energy-efficient products, buildings and construction has also played a significant part in this gain.

Manufacturing practices in chemicals & petrochemical plants and up gradations of plants and facilities has also resulted in reduced carbon emissions contributing to the global climate mandates. Reduction of volatile organic compounds in environment and specific regulations adopted specifically in European, American and Asian countries such as China has greatly affected the sustainability factor.

The heat exchanger market has also evolved in terms of advanced & innovative products for better & sustainable thermal efficiency in many operating utilities such as power generation by making use of renewable sources.

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Asia Pacific industry is projected to be the largest market for the equipment sale in terms of revenue and volume both. The shift from western industrialization to the Asia Pacific has been the primary factor for driving this regional industry. The business operators or primarily the manufacturers have become increasingly and exceptionally globalized to make out higher value for cost and, simultaneously, compete to fulfill the rapidly emerging expertise in the Asian market. North America is yet another potential market with an established manufacturing base.

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