Press release
Heat Exchanger Market will touch a valuation of nearly $20.65 Billion in 2025 | Top key Vendors - IHI, L&T, Alfa Laval, Kelvion, SPX Corp, API, KNM, Xylem, Hisaka, THT, Hitachi Zosen
Heat Exchanger Market
Overview of Global Heat Exchanger Market:
The Global Heat Exchanger Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Heat Exchangers market size to maintain the average annual growth rate of 0.0475168349742 from USD 11100.0 Million in 2015 to USD 14000.0 Million in 2019, market analysts believe that in the next few years, Heat Exchangers market size will be further expanded, we expect that by 2025, The market size of the Heat Exchangers will reach USD 20650.0 Million.
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Major key factors driving the growth of the Global Heat Exchanger Market are increase in industrial operations in the developing countries and installation of new power plants. In addition, rapid growth in renewable energy, which rarely requires a heat exchanger is expected to have a negative impact on the market.
The Global Heat Exchanger Market is segmented on the basis of Type, Application and Region. Based on the Type, the Global Heat Exchanger Market is sub-segmented into Shell & Tube Heat Exchanger, Plate Heat Exchanger, Air Cooled Heat Exchanger and others. On the basis of Application, the Global Heat Exchanger Market is classified into Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Central Heating and others.
In terms of the geographic analysis, The Heat Exchanger Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Heat Exchanger Market ecosystem results in the increasing adoption of these systems in North America.
Global Heat Exchanger Market Objectives:
1 To provide detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the Heat Exchanger Market
2 To analyze and forecast the size of the Heat Exchanger Market, in terms of value and volume
3 To analyze opportunities in the Heat Exchanger Market for stakeholders and provide a competitive landscape of the market
4 To define, segment, and estimate the Heat Exchanger Market based on deposit type and end-use industry
5 To strategically profile key players and comprehensively analyze their market shares and core competencies
6 To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
7 To forecast the size of market segments, in terms of value, with respect to main regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
8 To track and analyze competitive developments, such as new product developments, acquisitions, expansions, partnerships, and collaborations in the Heat Exchanger Market
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Top Leading Key Manufacturers are: Heat Exchanger Previous Data, Alfa Laval, Kelvion (GEA), SPX Corporation, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN, API, KNM, Funke, Xylem, Thermowave, Hisaka, SWEP, LARSEN & TOUBRO, Accessen, THT, Hitachi Zosen, LANPEC, Siping ViEX, Beichen, Lanzhou LS, Defon, Ormandy, FL-HTEP and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Latest Industry News:
IHI (March 30, 2020) - Development of the world's first Aircraft jet engine-embedded electric machine with high power density and heat resistant - For optimizing the energy management of aircraft system to reduce CO2 emission - IHI Corporation leads More Electric Architecture for Aircraft and Propulsion that aims at the optimization of the total energy management of aircraft system with technological innovation toward CO2 emission reduction from aviation. As one of the key technology to realize the MEAAP system, IHI developed an electric machine (250kW) that can be mounted inside the tail cone located in the aircraft jet engine rear-end in cooperation with domestic companies, and successfully completed the evaluation testing in this February.
This development was conducted as one of Research and Development Project for Advanced Aircraft Systems toward Practical Application supported by New Energy and Industrial Technology Development Organization (NEDO).
While the number of aircraft in fleet is expected to be doubled in the next 20 years due to a rapid increment of aircraft passengers, the International Air Transport Association (IATA) sets a target of a reduction in net aviation CO2 emissions of 50% by 2050, relative to 2005 levels. In order to achieve it, we should not only improve conventional technology, but also realize the innovative aircraft system that reduces environmental impact dramatically while maintaining the aircraft safety and economical aspect.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Heat Exchanger in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Heat Exchanger Market Report 2020
1 Heat Exchanger Product Definition
2 Global Heat Exchanger Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Heat Exchanger Shipments
2.2 Global Manufacturer Heat Exchanger Business Revenue
2.3 Global Heat Exchanger Market Overview
3 Manufacturer Heat Exchanger Business Introduction
3.1 Alfa Laval Heat Exchanger Business Introduction
3.2 Kelvion (GEA) Heat Exchanger Business Introduction
3.3 SPX Corporation Heat Exchanger Business Introduction
3.4 IHI Heat Exchanger Business Introduction
3.5 Danfoss (Sondex) Heat Exchanger Business Introduction
3.6 SPX-Flow Heat Exchanger Business Introduction
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