Global Heat Exchangers Market is expected to reach USD 26.55 Billion by 2024 from USD 13.93 Billion in 2016 at a CAGR of 8.4%.
Surge in power requirement for commercial and non-commercial purposes, and increase in population and economic growth in the developing nations are of the factors driving the market growth. Technological development in heat exchanger and growth have a impact on the heat exchanger market such as the development of waste heat recovery heat exchangers and the introduction of exhaust gas recirculation coolers. Fluctuating prices of raw material may hamper the growth of the heat exchanger market.
Global Heat Exchangers Market
Heat exchangers market based on type has been segmented into shell & tube, air cooled, plate & frame and others. Shell & tube type heat exchanger segment is is most popularly used exchanger.Shell & tube heat heat exchanger offers high surface are with high efficiency and performance. Heat exchangers are widely accepted equipment owing to its eco-friendly and energy-efficient properties.
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Chemical, petrochemical and oil & gas, food & beverage, paper & pulp, power generation and others. Chemical segment dominates the heat exchanger market. Heat exchanger in chemical industry is used for heating, cooling , steam generation and heat transfer. Heat exchanger is commonly used in synthesis flow process of various derivative chemical. Chemical segment is followed by oil & gas industry.
Geographically, the heat exchangers market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to hold largest shares of the market during the forecast period. This is due to the large installed plant capacities of heat exchangers and it is an export-based heat exchangers market.
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Scope of the report:
Heat Exchangers Market, by Type:
• Shell & Tube
• Air Cooled
• Plate & frame
Heat Exchangers Market, by Application:
• Petrochemical and Oil & Gas
• Food & Beverage
• Paper & Pulp
• Power Generation
Heat Exchangers Market, by Geography:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Analysed in the Report:
• Alfa Laval AB (Sweden)
• Danfoss A/S (Denmark)
• Kelvion Holdings Gmbh (Germany)
• SPX Corporation (US)
• API Heat Transfer Inc. (US)
• Xylem Inc. (US)
• Gunter AG & Co. KG (Germany)
• Hindustan Dorr-Oliver Ltd. (India)
• Hamon & Cie International SA (Belgium)
• Hisaka Works, Ltd. (Japan)
MAJOR TOC OF THE REPORT
Chapter One: Heat Exchangers Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Heat Exchangers Market Competition, by Players
Chapter Four: Global Heat Exchangers Market Size by Regions
Chapter Five: North America Heat Exchangers Revenue by Countries
Chapter Six: Europe Heat Exchangers Revenue by Countries
Chapter Seven: Asia-Pacific Heat Exchangers Revenue by Countries
Chapter Eight: South America Heat Exchangers Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Heat Exchangers by Countries
Chapter Ten: Global Heat Exchangers Market Segment by Type
Chapter Eleven: Global Heat Exchangers Market Segment by Application
Chapter Twelve: Global Heat Exchangers Market Size Forecast (2019-2026)
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Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
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