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Market-leading companies offering innovative products and services include:
- Alfa Laval: Utilises new product development and extensive research to increase energy efficiency in heat transfer technology;
- KELVION GmbH: Offers high customization of designs and engineered products, enhancing the serviceability factor;
- SPX: Focuses on the development of a product line suitable for upcoming "Smart Factory" application requirements.
"The Asia-Pacific market provides tremendous growth opportunities with an expanding customer base across all key industries in the growing energy sector, elevated platform for new and replacement heat exchanger sales, and numerous local emerging suppliers ripe for acquisition," noted Mukunda.
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Analysis of the Global Heat Exchangers Market
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SOURCE Frost & Sullivan