A heat exchanger
is a product generally used in the transmission of heat amongst two or more fluids, mainly between a hard surface and a fluid at dissimilar temperatures and thermal contact. Heat exchangers do not deploy any external heat and work communications. Some of the factors which are all set to drive the heat exchanger market are growing demand for energy, augmented investments in chemical as well as petrochemical and fuel processing industries, technical enhancements and strict environmental rules and regulations.
Heat exchanger market
is a crucial constituent for the power generation industry. From past few years, the market has gauzed a fast increase in terms of technological developments, growing automation and assimilating the whole value chain of the industry. Furthermore, growing urbanization as well as aggregating awareness has also fuelled the growth of heat exchanger Market. Major type of heat exchanger commercially available are shell & tube Heat exchanger, plate & frame heat exchangers, air-cooled heat exchangers and more. The report also focuses on different geographic regions and the key countries in terms of changing trends in heat exchanger market in various fields.
Owing to benefits such as low price, heat exchangers market is being used extensively across various industry verticals. However, power generation industry is the key end use industries for Global heat exchangers market. The global market for heat exchangers market was estimated to be $XX billion in 2015. It is anticipated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021. Power generation, automotive Industries are the major end-users for heat exchangers market.
The end user industry is the major driver for the heat exchangers market to grow. Heat exchangers find their applications in various segments like oil & gas, power generation, chemical processing, food & beverages, mining and more. Europe dominated the global heat exchangers market. The industrial development in this region is all set to drive the demand of heat exchangers. Major players involved in this market are mainly concentrating on R&D initiatives and new product developments to cater the needs of customers.
Europe and APAC alone are estimated to occupy a share of more than XX% during 2015. Europe is the leading region for heat exchanger market in terms of revenue in 2015. APAC is forecast to have highest growth in the next few years owing to the growing adoption of heat exchanger market in oil & gas and automotive applications.
The global heat exchanger market is evaluated based on key attributes such as type, product, industry and others. Each of the segmentations in the report has been studied to give comprehensive analysis of global heat exchanger market. The overall market has also been consolidated from the perspective of different geographic locations into standard geographic regions and key economies for this market. Additionally, this report encompasses opportunity analysis, porter analysis, pricing analysis and market forces such as drivers, constraints and challenges that are involved to drive the overall market.
Sample Companies Profiled in this Report are:
- Danfoss A/S
- Sierra S.P.A
- Kelvion Holdings GmbH
This report gives detailed information about the product value chain right from the beginning which includes raw materials till end-use. The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants. The study includes the demand of this particular market on a global and regional scale for a six year period of 2016-2021, both in terms of volume(kilo tons) and revenue($ million).