Press release
Heat Exchanger Market 2019: Industry Analysis by Top Players with Technology by 2025 | Alfa Laval AB, Kelvion, SPX-FLOW, Inc, IHI Corporation
The global heat exchanger market has depicted commendable expansion over the past few years with profound applications in residential and industrial heating and cooling systems. The device can effectively transfer heat between two or more fluids and is widely used in diverse applications like in refrigerators, solar water heaters, space heating systems, in petroleum & chemical plants and more. Thanks to rapid technological advancements in heat exchanger systems, the product’s size has scaled down considerably in recent years, allowing its use in critical medical equipment like artificial heart-lung machine and other design specific tools.
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Key industry participants operating across the heat exchanger market comprise Larsen & Toubro, Thermofin, Lanpec, Kelvion, API, Southern Heat Exchanger, KNM, Danfoss, Wessels, Vahterus, Doosan, Koch, FUNKE, Alfa Laval, Shangdong Beichen, THT, HRS, Accessen Group, Hitachi Zonsen, Xylem, SPX-Flow, IHI, Hisaka Works, SWEP and Thermowave amongst others.
Middle East & Africa heat exchanger market is predicted to expand over 7% by 2025. Rising investments from financial institutions, most notably the African Development Bank, in order to thrust the industrialization rate accompanied by resurgent economic growth will stimulate business expansion. Lucrative Oil & Gas sector across the region coupled with positive outlook toward expansion and development of the manufacturing units will further strengthen the product adoption in coming years.
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Shell & tube heat exchanger market is set to witness robust growth owing to the product's ability to offer high efficiency, reduced cost, and lower pressure drop. Moreover, sizeable investments aimed at the expansion and modernization of chemical production units along with rising adoption of WHRS across industrial sector will augment the business growth. Oil & Gas, primary metal manufacturing, electric power plants and food processing are few key application areas where this equipment are deployed.
Partial Table of Contents (ToC) of the report:
Chapter 4 Heat Exchanger Market, By Technology
4.1 Heat exchanger market share by technology, 2018 & 2025
4.2 Shell & Tube
4.2.1 Global market from shell & tube, 2014 – 2025
4.2.2 Global market from shell & tube, by region, 2014 – 2025
4.3 Plate
4.3.1 Global market from plate, 2014 – 2025
4.3.2 Global market from plate, by region, 2014 – 2025
4.4 Air Cooled
4.4.1 Global market from air cooled, 2014 – 2025
4.4.2 Global market from air cooled, by region, 2014 – 2025
4.5 Others
4.5.1 Global market from others, 2014 – 2025
4.5.2 Global market from others, by region, 2014 – 2025
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/heat-exchanger-market
The expanding focus on reducing global CO2 emissions whilst cutting cost on electricity bills has led the residential and commercial sectors to adopt solar water heating systems. This zero-emission solution utilizes heat exchangers, usually made of copper due to its great thermal conductivity and higher resistance to corrosion, to transfer absorbed heat in solar collectors to the liquid or air to heat water or a space.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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