Leading Heat Exchanger Brands in World | By IMARC Group

Heat Exchanger Industry Outlook:

A heat exchanger represents a device widely used for transferring heat between two mediums that are at several temperatures. It usually comprises cold and hot fluid streams separated by a wall of the thermally conductive plate, which helps in preventing direct contact between two gases and fluids. In line with this, a heat exchanger aids in heating and cooling buildings and facilitates the efficient functioning of machines and engines. It is generally utilized for various industrial and domestic applications to remove heat from an enclosed room and system. Furthermore, heat exchanger finds extensive application in power stations, refrigerators, air conditioners, boilers, furnaces, automotive radiators, sewage treatment plants, etc.

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Heat Exchanger Industry Growth Analysis:

The growing construction activities and the increasing consumer awareness towards the use of energy-efficient and environment-friendly devices are primarily driving the heat exchanger market. Additionally, the widespread adoption of heat, ventilation, and air-conditioning (HVAC) in the commercial, industrial, and residential sectors is further bolstering the market growth. Besides this, the inflating disposable income levels, improving living standards, and extreme climatic conditions are catalyzing the need for luxury items, such as air conditioners, boilers, and other electrical appliances, which is acting as another significant growth-inducing factor.

Moreover, the implementation of stringent regulations by government bodies to minimize harmful carbon emissions is positively influencing the global market. Apart from this, the rising utilization of advanced heat recovery devices for numerous industrial applications is also propelling the market growth. Furthermore, continuous investments in R&D activities to develop cost-effective variants are expected to fuel the heat exchanger market over the forecasted period.

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Top Heat Exchanger Companies Worldwide:

1. Alfa Laval AB
Establishment: 1883
Headquarters: Sweden

2. API Heat Transfer, Inc.
Establishment: 1947
Headquarters: New York, United States

3. Danfoss
Establishment: 1933
Headquarters: Denmark

4. General Electric Company
Establishment: 1892
Headquarters: United States

5. Hisaka Works, Ltd.
Establishment: 1942
Headquarters: Osaka, Japan

6. IHI Corporation
Establishment: 1960
Headquarters: Tokyo, Japan

7. Johnson Controls International PLC
Establishment: 1885
Headquarters: United States

8. Kelvion Holding GmbH
Establishment: 1920
Headquarters: Germany

9. Koch Industries, Inc.
Establishment: 1940
Headquarters: Kansas, United States

10. Boyd Corporation
Establishment: 1928
Headquarters: United States

11. Mersen SA
Establishment: 1891
Headquarters: France

12. Modine Manufacturing Company
Establishment: 1916
Headquarters: United States

13. Royal Hydraulics, Inc.
Establishment: 1982
Headquarters: California, United States

14. Xylem, Inc.
Establishment: 2011
Headquarters: United States

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