Global $16 Billion Heat Exchangers Market to 2025: Market Trends, Key Players, Business and Product Trends

DUBLIN, Sept. 30, 2019 /PRNewswire/ -- The "Heat Exchangers - A Global Market Overview" report has been added to ResearchAndMarkets.com's offering.

While Tabular Heat Exchangers market account for Lion's share of over 50% of the global Heat Exchangers market, Plate Type Heat Exchangers market is poised to post the fastest 2019-2025 CAGR of 8% and reach a projected US$6.8 billion by 2025 from a forecast US$4.3 billion in 2019. The overall global market for Heat Exchangers is expected to exceed US$16 billion in 2019.

The recent past has witnessed significant developments in the global heat exchangers market. The environment-friendly and energy-efficient properties of these devices have made them an indispensable component of several industrial applications. Increasing prices of energy have resulted in the growing demand for heat exchangers and these devices play a key role in saving energy in many industries, such as chemical, petrochemical, petroleum refining and power.

KEY MARKET TRENDS

• Newly Developed Cermet Offers Improved Heat Exchange in Solar Plants
• Plate Heat Exchanger Applications Growing
• Development of High Temperature Heat Exchangers on the Rise
• High Temperature Heat Exchanger Manufacturing Turns to Advanced Techniques
• Ceramics as Alternative Materials for High Temperature Heat Exchangers
• Innovative Manifold-Microchannel Heat Exchangers Developed for Better Gas-to-Gas Heat Transfer Applications
• Demand for Heat Exchangers Based on Polymers Catching Up

KEY GLOBAL PLAYERS

• Accessen Group Co., Ltd. (China)
• Alfa Laval Corporate AB (Sweden)
• Tranter, Inc. (United States)
• API Heat Transfer, Inc. (United States)
• Danfoss A/S (Denmark)
• Sondex Holdings A/S (Denmark)
• Fischer Maschinen- U. Apparatebau GmbH (Austria)
• FUNKE Heat Exchanger Apparatebau GmbH (Germany)
• GEA Group Aktiengesellschaft (Germany)
• Gunther GmbH (Germany)
• Hamon & CIE International SA (Belgium)
• IHI Corporation (Japan)
• Johnson Controls International Plc (Ireland)
• Kelvion Holding GmbH (Germany)
• Koch Heat Transfer Company, LP (United States)
• Larsen & Toubro Limited (India)
• Mersen Group (France)
• Modine Manufacturing Company (United States)
• SPX Cooling Technologies, Inc. (United States)
• SPX Flow, Inc. (United States)
• SWEP International AB (Sweden)
• Thermax Limited (India)
• Wessels Company (United States)

KEY BUSINESS AND PRODUCT TRENDS

• Aggreko to Open New Depot in Greater Noida, India
• Lu-Ve to Takeover Lion's Share in Alfa Laval's Air Heat Exchanger Business for over 66 Million
• Addition of Hydrofluoroether Boosts the Heat Exchange Capacity of HVAC Systems
• Fiorini Industries' Set 2.0 Plug & Play Model with an L Control Unit for Domestic Hot Water
• Nippon Light Metal Company Acquires Modine's Share in Nikkei Heat Exchanger Company Joint Venture
• HRS' Turnkey Cooling Systems for Ready Foods
• Alfa Laval to Enter Into Fleet Agreement with SEK
• HRS Showcases Thermblock Heat Exchangers for Food Industry
• Inauguration of Alfa Laval's New Richmond Production Unit for Brazed Heat Exchangers
• Inauguration of Alfa Laval's Spiral Heat Exchanger Manufacturing Center in Broken Arrow
• Tranter, Inc Launches NovusBloc Series of Welded Plate Heat Exchanger
• Aggreko to Enter Into a Cooperation Agreement with Wrtsil on Power Plant
• Assets of Harsco's Industrial Air-X-Changers Business Purchased by Chart Industries
• Vahterus OY Heat Exchanger Solutions Wins Over Broken Welded Plate & Frame Heat Exchangers
• Launch of Alfa Laval's New Wide Opening Design Plates in Packinox Heat Exchangers
• Launch of Alfa Laval's Latest Technology for Fuel Gas Systems
• Alfa Laval Launches New Wide Opening Design Plates in Packinox Heat Exchangers
• Launch of Alfa Laval's New Gas-To-Liquid Plate Heat Exchangers, a Revolution for Gas Cooling
• Alfa Laval Concludes the Sale of Air Heat Exchanger Business to the LU-VE Group
• Danfoss' SW19-59 Range of Semi-Welded Plate Heat Exchangers for Industrial Refrigeration
• SWEP's Most Recent Brazed Plate Heat Exchangers Displayed at ACREX India
• HRS to Unveil New S Series Heat Exchangers to Reduce Contamination Risks
• Launch of Mitsubishi Electric's New Range of 5-star Air Conditioners with Optimized Heat Exchanger
• New HRS SP Series Heat Exchangers for Pharmaceutical Applications
• Danfoss and Nelumbo Form Technology Deployment Pact
• API Heat Transfer Partnered With the New Investor Group
• Kelvion Introduces Two New Products: The Exhaust Gas Heat Exchanger and the EcoMi Modular Economizer
• Kelvion to Launch a New Kelvion Plate Heat Exchanger NP150X
• Alfa Laval Signed Technology Acquisition Deal with Airec
• Kelvion's New Double Tube Safety Heat Exchanger for the High-Pressure Area
• HRS Launches New Biogas Dehumidification System (BDS) for Biogas Water Removal
• Alfa Laval Packinox enters Honeywell Connected Plant Initiative
• Rocore Group Acquired by Kelvion
• Bitzer and Gntner form Heat Exchanger Distribution Pact
• Alfa Laval's Shell-and-Tube Heat Exchanger Segment Acquired by Bitzer
• Launch of Unicus Series from HRS Heat Exchangers
• New City Multi YNW Variable Refrigerant Flow System from Mitsubishi Electric
• Alfa Laval Unveils New Production Unit in US for Brazed Heat Exchangers
• Mutares Subsidiary Balcke-Drr Group to Acquire Heat Transfer Product (HTP) Division of STF
• Kelvion's Plate Heat Exchangers for Maritime Operations
• Mutares to Takeover Donges Steeltec
• Kelvion ProEquip Tube H Shell-And-Tube Heat Exchanger for Industrial CIP Cleaning Systems
• Tranter, Inc Selects AREVA NP as Distributor Partner
• Xylem, Inc. Shifts its Heat Exchanger Manufacture Base to Axminster, UK
• Display of Kelvion ProEquip Tube Heat Exchangers at Drinktec
• Paul Mueller Company's New Facility in the Netherlands Makes Plate Heat Exchangers
• Mutares to Acquire Balcke-Drr
• Thermex Ltd Develops Heat Exchanger for Seakeeper, Inc
• Hitachi Zosen Builds a New Array Ultrasonic Testing (PA-UT) Technology for Heat Exchangers
• Air Products to Celebrate the Launch of the First LNG Heat Exchanger Unit at New Facility
• Danfoss Acquires Sondex Holding to Expand Heat Transfer Solutions Portfolio
• Danfoss to Reinforce its Global Market Position for Heat Transfer Solutions
• Cummins Unveils the SmartEfficiency Initiative for Transit Bus

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