Global Heat Exchangers Market, By Type (Tubular, Plate, Extended Surface, Regenerative), By End-Use

Published Date: | Report Code : EQ192409

X

The Heat Exchangers Market is expected to promise high growth owing to the increasing demand for industrial developments in the growing economies in recent years. Increasing demand from end-use industries including chemical & petrochemical, oil & gas, power, pharmaceuticals, HVACR, food & beverage, paper & pulp, and others are expected to drive the growth of the market. This market has witnessed a number of key developments by major companies including Companies Covered: Alfa Laval, Cummins, Atlas Copco, Aggreko, Xylem Inc., SPX Corporation, GEA group, Hisaka Works Ltd., Kirloskar Brothers Ltd., Danfoss, Xylem, Kelvion Holdings with a focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

Segment Analysis:

The primary function of a heat exchanger is to transfer the heat of one fluid to the other or heat between a solid surface and a fluid, or between solid particulates and a fluid. The two heat exchanging substance or fluids are generally kept at different temperatures and in thermal contact. Typical applications involve heating or cooling of a fluid stream and evaporation or condensation of single or multi-component fluid streams. In other applications, the objective may be to recover or reject heat or sterilize, pasteurize, fractionate, distill, concentrate, crystallize, or control a process fluid. In some heat exchangers, the fluids exchanging heat are in direct contact, but in most cases, heat transfer between fluids takes place through a separating wall or into and out of a wall.

The growing end-use industry is attributing to the growth of the heat exchangers market. The industrial expansions in the growing economies such as the Asia Pacific and South America are also helping to boost the market of heat exchangers in those regions.

Some of the key Impact Factors:

  • Industrial developments in the growing economies
  • Strict environmental regulations

Regional Analysis:

Major regions for the heat exchangers market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for the heat exchangers owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be chemical & petrochemical, oil & gas, power, pharmaceuticals, HVACR, food & beverage, paper & pulp, and others. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for the heat exchangers market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

The Asia Pacific and the Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, chemical & petrochemical, oil & gas, power, pharmaceuticals, HVACR, food & beverage, paper & pulp, and others are estimated to register a high demand for the heat exchangers market during the forecast period.

Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the heat exchangers market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the heat exchangers market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.      

Companies Covered: Alfa Laval, Cummins, Atlas Copco, Aggreko, Xylem Inc., SPX Corporation, GEA group, Hisaka Works Ltd., Kirloskar Brothers Ltd., Danfoss, Xylem, Kelvion Holdings

Market Segmentation:

By Type:

  • Tubular
  • Plate
  • Extended Surface
  • Regenerative

By End-Use Industry:

  • Chemical & Petrochemical
  • Oil & Gas
  • Power
  • Pharmaceuticals
  • HVACR
  • Food & Beverage
  • Paper & Pulp
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By End-Use Industry

Reasons to buy this report:

  • Market size estimation of heat exchangers market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet the specific requirements:

  • By segment
  • By sub-segment
  • By region/country

For more information, contact: [email protected]

License Offering

Single User (PDF)

3850

Multi User (PDF)

5150

Enterprise User (PDF)

7650

 Regional Analysis

Your personal details are secure. Privacy Policy

Buy Chapters of Sections

Avail customized purchase options to meet your exact research needs.

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities
Detailed Coverage

Detailed scope covering all the major segments in the market

Meticulous Data Validations

In line data validations to ensure data precision

Recommendations

Market recommendations supporting decision making processes

Analyst Support

Round the clock analyst support to resolve your queries

Free Customization

Up to 15% additional free customization to meet your specific requirements

15% Free Customization

Share your Requirements

Questions?  Speak to an Analyst

Your personal details are secure. Privacy Policy