Press release
Heat Exchanger Market Key Players analysis - Alfa Laval AB, Kelvion Holdings Gmbh, Southern Heat Exchanger, Danfoss A/S, SPX Corporation
Heat Exchanger Market - OverviewThe quadrupling market of Heat Exchangers is predominantly driven by the augmented demand for heat exchangers owing to power requirement for commercial and non-commercial purposes. Additionally, increase in population and economic growth in the developing nations are some of the factors propelling the market growth. Moreover, technological development in heat exchanger and growth in HVACR (Heating Ventilation Air Conditioning and Refrigeration) process equipment are fostering the market growth. Recent trends shows these trends have a direct impact on the dynamics of the industry such as development of waste heat recovery heat exchangers and introduction of exhaust gas re-circulation coolers. Also, heightened consumption of power across industries is expected to contribute to expand the global heat exchangers market during the forecast period. Whereas, fluctuating prices of raw material acting as major barrier for the growth of the heat exchanger market. The Heat Exchanger Market is projected to grow at a CAGR of 8.2% during the forecast period.
Heat exchangers are devices used to transfer heat energy from one fluid to another. Heat exchangers find widespread use in power generation, chemical processing, electronics cooling, air-conditioning, refrigeration, and automotive applications. Heat exchangers used in abundantly in chemical and process industries. It is also used in automobiles in the form of radiators and oil coolers. It is most preferred and widely accepted equipment due to its green and energy-efficient properties. The focus of various regulatory bodies to reduce the amount of greenhouse gases for meeting the future sustainability is further driving the market for heat exchangers.
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Key Players
The major player operating in the market of global heat exchanger are
• Alfa Laval AB (Sweden),
• Kelvion Holdings Gmbh (Germany),
• Southern Heat Exchanger (U.S.)
• Danfoss A/S (Denmark),
• SPX Corporation (U.S.),
• Xylem Inc. (U.S.),
• API Heat Transfer Inc. (U.S),
• Gunter AG & Co. KG (Germany),
• Sierra S.p.A (Italy),
• Hamon & Cie International SA (Belgium).
Industry News:
September 2017, JCT Introduces New Heat Exchanger Series with the competitive rates, highest cooling capacity and robust design for harsh conditions are some of the features of the new JHEX-4 heat exchanger series for sample gas coolers.
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Heat Exchanger Market -Regional Analysis
Europe is leading the market of Heat Exchanger. Strong market for plate & frame heat exchangers. The region has the presence of most of the global leaders in heat exchanger manufacturing. New emerging technologies and regulations in certain regions have also helped in the growth of heat exchanger industry. Innovative heat exchangers are that can withstand corrosive chemicals are gaining popularity.
Asia-Pacific is witnessing high industrial growth rate which will increase the demand for plate & frame heat exchangers for its diverse applications. China dominating the plate & frame heat exchangers market in Asia-Pacific region, being a major consumer and the fastest growing country in terms of plate & frame heat exchangers demand. Moreover, increasing number of plate & frame heat exchangers manufacturers from Asian countries are putting efforts for developing a strong base of plate & frame heat exchangers market, with a target of reducing plate & frame heat exchangers imports.
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