Press release
Heat Exchangers Market Size Set to Register 33.01 billion USD by 2026: key Players- Alfa Laval AB, Hughes Anderson, Kelvion Holdings GmbH, Koch Heat Transfer Co., SPX Corporation, HRS Heat Exchangers Ltd., Xylem Inc., AOI Heat Transfer Inc., and Hindustan
The global Heat Exchanger Market is anticipated to reach USD 33.01 billion by 2026 according to a new study. Heat exchanger is a very dynamic industry concerning raw materials, equipment manufacturing and end-use industries. 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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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.
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.
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.
The industry is highly fragmented in nature with many significant market players worldwide. Some of the global key manufacturers include Alfa Laval AB, Hughes Anderson, Kelvion Holdings GmbH, Koch Heat Transfer Co., SPX Corporation, HRS Heat Exchangers Ltd., Xylem Inc., AOI Heat Transfer Inc., and Hindustan Dorr-Oliver Ltd.
Key Segment Outlook
Product Type
Shell & tube
U- tube heat exchanger
Straight Tube (1 Pass Tube Side)
Straight Tube (2 Pass Tube Side)
Plate & frame
Gasket plate & frame heat exchangers
Welded plate & frame heat exchangers
Brazed heat exchangers
Air cooled
Extended surface
Heat sinks
Regenerative
Printed circuit heat exchanger (PCHE)
Others
Materials Segments
Carbon steel
Stainless steel
Nickel
Others
Graphite Shell & Tube Segments
Cubic Heat Exchangers
Graphite Block Heat Exchangers
Polytube Graphite Shell & Tube Block Heat Exchangers
Application
Pulp & Paper
Automotive
Healthcare
Chemical
Electronics
Petrochemicals and Oil & Gas
Food & beverage
HVACR
Others
Table of Contents
1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
2. Executive Summary
2.1. Heat Exchangers Industry Summary & Key Buying Criteria, 2015 - 2026
2.2. Global heat Exchangers market estimates and forecasts, by region 2015 - 2026
3. Market Variables, Trends, & Scope
3.1. Market segmentation & scope
3.2. Industry snapshot
3.3. Market dynamics
3.3.1. Market drivers
3.3.2. Market restraint
3.3.3. Opportunity analysis
3.4. Industry Analysis: Porters five forces
3.5. Industry trends
3.6. Company heat map analysis
4. Heat Exchanger Product Estimates & Trend Analysis
4.1. Heat exchanger product type analysis & market share, 2017 & 2026
4.1.1. Global heat exchanger market estimate and forecast by product type, 2015-2026
4.1.1.1. Global shell & tube heat exchanger market estimate and forecast by product type, 2015-2026
4.1.1.2. Global plate & frame heat exchanger market estimate and forecast by product type, 2015-2026
4.1.2. Shell & Tube
4.1.2.1. Global shell & tube market estimates and forecast by application, 2015 - 2026
4.1.3. Plate & Frame
4.1.3.1. Global plate & frame heat exchangers market estimates and forecast by application, 2015 - 2026
4.1.4. Extended Surface
4.1.4.1. Global extended surface heat exchangers market estimates and forecast by application, 2015 - 2026
4.1.5. Heat Sinks
4.1.5.1. Global heat sinks heat exchangers market estimates and forecast by application, 2015 ? 2026
4.1.5.1.1. Global heat sinks heat exchangers market estimates and forecast by electronics application, 2015 - 2026
4.1.6. Air cooled heat exchanger
4.1.6.1. Global air cooled heat exchangers market estimates and forecast by application, 2015 ? 2026
4.1.7. Regenerative
4.1.7.1. Global regenerative heat exchangers market estimates and forecast by application, 2015 ? 2026
4.1.8. Printed Circuit (PCHE)
4.1.8.1. Global printed circuit heat exchangers (PCHE) market estimates and forecast by application, 2015 - 2026
4.1.8.1.1. Global PCHE market estimates and forecast by electronics application, 2015 - 2026
5. Heat Exchanger Construction Material Estimates & Trend Analysis
5.1. Heat exchanger construction material type analysis & market share, 2017 & 2026
5.2. Global heat exchanger market estimates and forecasts by material of construction, 2015 - 2026
5.2.1. Carbon Steel
5.2.1.1. Global carbon steel made heat exchanger market estimates and forecasts by, 2015 - 2026
5.2.2. Stainless Steel
5.2.2.1. Global stainless steel made heat exchanger market estimates and forecasts by, 2015 - 2026
5.2.3. Nickel
5.2.3.1. Global nickel made heat exchanger market estimates and forecasts by, 2015 - 2026
5.2.4. Other materials
5.2.4.1. Global other material made heat exchanger market estimates and forecasts by, 2015 - 2026
6. Graphite Heat Exchanger Estimates & Trend Analysis
6.1. Graphite heat exchanger type analysis & market share, 2017 & 2026
6.2. Global graphite heat exchanger market estimates and forecasts, 2015 - 2026
6.2.1. Cubic heat exchangers (Graphite)
6.2.1.1. Global graphite cubic heat exchanger market estimates and forecasts, 2015 - 2026
6.2.2. Graphite Block Heat Exchangers
6.2.2.1. Global graphite block heat exchanger market estimates and forecasts, 2015 - 2026
6.2.3. Polytube Graphite Shell & Tube Block Heat Exchangers
6.2.3.1. Global poly graphite shell & tube block heat exchanger market estimates and forecasts, 2015 - 2026
7. Heat Exchanger Application Estimates & Trend Analysis
7.1. Heat exchanger application analysis & market share, 2017 & 2026
7.2. Global heat exchanger market estimates and forecasts, by application, 2015 - 2026
7.2.1. Pulp & Paper
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