A heat exchanger is a device designed to efficiently transfer or “exchange” heat from one matter to another. Heat exchanger are one of the most common pieces of equipment used in power generation, chemical processing, electronics cooling, air-conditioning, refrigeration, and automotive applications. A variety of heat exchangers are used in industry and in their products. Heat exchangers are classified according to transfer processes, number of fluids, and degree of surface compactness, construction features, flow arrangements and heat transfer mechanisms. Moreover, it is designed to remove excess heat from aircraft engines, optics, power supplies, military equipment, and many other types of equipment that require cooling beyond what air-cooled heat sinks can provide. Heat Exchanger Market is high in Europe, with Asia-Pacific region expected to be the most promising markets for Heat Exchanger Market.
Global Heat Exchanger Market is expected to grow at a CAGR of 8.2% during the forecasted period
- 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).
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The report has analyzed the market based on the three segments: Type, application and end-use in the regions of North America, Europe, APAC and Rest of the World. On the basis of Type it includes Shell and Tube Heat Exchanger, Plate Heat Exchanger, Regenerative Heat Exchanger, Air cooled. Shell and Tube Heat Exchanger largest type market for heat exchanger and most common types of heat exchangers used globally. It is extensively used as power condensers, preheaters, oil coolers, and steam generators. On the basis of application it includes Chemicals, Oil & Gas, Power generation, HVACR, Food & Beverages and Other. Chemical industry is the largest application market for heat exchanger. In Chemical industry it is used for heating and cooling of base, intermediate, and final products. With growing demand for chemicals in the developing economies, the market of heat exchangers is further expected to rise in in the forecast period. Europe is the largest market for heat exchanger. Asia-Pacific is witnessing high industrial growth rate, which hints at an ever-increasing demand for plate & frame heat exchangers for its diverse applications.
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Europe is the largest region for Heat Exchanger Market
Europe is the largest market for plate & frame heat exchangers. The region has huge installed plant capacities of plate & frame heat exchangers and is an export based plate & frame heat exchangers market. Due to stringent environmental regulations and increasing industrialization, the use of plate & frame heat exchangers in various end-user industries is gaining popularity. Increased investment in the chemical, petrochemical, food & beverages and HVACR industries and stringent environmental regulations are the major drivers triggering the growth of plate & frame heat exchangers market. Moreover, the stringency in the emission norms levied by the European Commission has brought about a lot of reforms in the manufacturing of automotive components. So, the demand for automotive light weight material has made the heat exchanger manufacturers to focus on energy-efficient and lighter materials in the manufacturing of heat exchangers.
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Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Heat Exchanger Market, By Type
4.1 Shell And Tube Heat Exchanger
4.2 Plate Heat Exchanger
4.3 Regenerative Heat Exchanger
4.4 Air Cooled
5 Global Heat Exchanger Market, By Application
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