Press release
Heat Exchangers Market Includes Major Key Players : Kelvion, Danfoss, SPX Corporation, Xylem Inc., API Heat Transfer, Güntner GmbH & Co. KG, Hisaka Works Ltd, HRS Hevac Ltd, Modine Manufacturing Company, SIERRA S.P.A., Sondex & SWEP
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During the forecast period, large number of plants would come into operation that is anticipated to reap advantage of cheap natural gas for the production of ethane, a prevalent feedstock for petrochemical industry. Moreover, the demand for heat exchangers from the growing HVAC industry is increasing across the global market, due to improving infrastructure and standard of living.
In 2014, Asia-Pacific was the fastest growing market in the global heat exchangers market. Asia-Pacific is considered as a developing economy, due to increasing industrialization in the region. With the clustering of several industries in the region, the demand for heat exchangers is increasing.
Among the various end-users, the chemical industry segment in the global heat exchangers market is expected to witness the fastest growth, a CAGR of 9.2%, during 2015 – 2020.
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Some of the key companies operating in the global heat exchangers market include Alfa Laval AB, Kelvion Holding GmbH, Danfoss A/S, SPX Corporation, Xylem Inc., API Heat Transfer Inc., Guntner GmbH & Co. KG, Hisaka Works Ltd., HRS Hevac Ltd., Modine Manufacturing Company, Sierra S.p.a., Sondex Holdings A/S, SWEP International AB.
GLOBAL HEAT EXCHANGERS MARKET SEGMENTATION
By Type
• Shell & Tube
• Plate & Frame
• Air Cooled
• Printed Circuit
• Others
By End-User
• Chemical
• Petrochemical and O&G
• HVAC & Refrigeration
• Food & Beverages
• Power
• Others
By Construction Material
• Steel
• Non-Steel
GEOGRAPHICAL SEGMENTATION
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
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