Global Heat Exchanger Market – Overview
According to an eminent research firm, Market Research Future (MRFR), the global Heat Exchanger Market would demonstrate significant growth, registering over 9.5% % CAGR throughout the forecast period (2018 – 2023). Advances in the heat exchanger related technology and increase in HVACR process equipment is a key driving force behind this growth of the market.
The strong growth of the heat exchanger market is the result of the amplified demand for the water and wastewater industry. The market growth also relies on the surging use of heat exchangers in different plants like water treatment plants that maximize water temperature and also elevates energy efficiency. Apart from this, the growing market for water and wastewater equipment is also boosting the demand for heat exchanger design across the globe.
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Top Market Players
The leading performers in the worldwide heat exchanger market are Southern Heat Exchanger (U.S.), Danfoss A/S (Denmark), API Heat Transfer Inc. (U.S), Hughes Anderson Heat Exchangers (U.S.), Xylem Inc. (U.S.), Koch Heat Transfer Company (U.S.), Hamon & Cie International SA (Belgium), Alfa Laval AB (Sweden), Kelvion Holdings Gmbh (Germany), Sierra S.p.A (Italy), SPX Corporation (U.S.), Gunter AG & Co. KG (Germany), to name a few.
Data analysts at MRFR note that the expanding worldwide population and the rising number of manufacturing activities also seem to be benefitting the worldwide market. Surge in oil and gas production is also estimated to have a lucrative effect on the global heat exchanger market. Besides, environmental concerns rising due to the use of non-renewable energy resources can work in favor of the heat exchanger market, given the several ongoing projects that are working on increasing the power generation capacity.
The market is increasing steadily over the past few years and is expected to gain further prominence over the next few years. Increase in population and economic growth in the developing nations are impacting the market conditions, positively. Moreover, augmented demand for heat exchangers owing to power requirement for commercial and non-commercial purposes is escalating the market on the global platform.
Global Heat Exchanger Market – Segments
For a better understanding, the Heat Exchanger Industry report has been segmented into three key dynamics:
By Type : Shell and Tube Heat Exchanger, Regenerative Heat Exchanger, Plate Heat Exchanger, and Air cooled, among others.
By Application : Oil & Gas, Chemicals, Power Generation, HVACR, and Food & Beverages, among others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Asia Pacific (APAC), the Middle East and Africa (MEA), North America and Europe are the primary markets for heat exchanger identified in the MRFR report.
With the rise in globalization, the competition among automotive heat exchanger manufacturers in APAC has increased. This has given rise to the manufacturing of top quality products that boast of high functional competency. Moreover, companies are now focusing on the aftermarket space, besides catering to the original equipment manufacturers (OEM’s) in a bid to elevate their position in the market. The top markets for heat exchangers in the region include India and China.
Europe is a significant market for heat exchanger, owing to the high demand stemming from the extreme cold weather condition. The region is benefiting from the high production of plate & frame heat exchangers, especially in countries like the United Kingdom (UK), France, and Germany. The region also houses a number of renowned heat exchanger manufacturers like Gunter AG & Co. KG, Kelvion Holdings Gmbh, and others, which adds to the market strength. The MEA market is gaining significantly with the surging application of heat exchangers in oil refineries.
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Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Process
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.2 Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
4.6 List Of Assumptions
5 Global Heat Exchanger Market, By Type
6 Global Heat Exchanger Market, By Application
7 Global Heat Exchanger Market, By Region
8 Competitive Landscape
9 Company Profile
List Of Tables
Table 1 Global Heat Exchanger Market: By Region, 2018-2023
Table 2 North America Heat Exchanger Market: By Country, 2018-2023
Table 3 Europe Heat Exchanger Market: By Country, 2018-2023
Table 4 Asia-Pacific Heat Exchanger Market: By Country, 2018-2023
Table 5 Rest Of The World Heat Exchanger Market: By Country, 2018-2023
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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