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Global Heat Exchangers Market 2018-2023 - Key Players are Alfa Laval, Kelvion , Danfoss, Xylem, API Heat Transfer, Gunter and Hindustan Dorr-Oliver

Research and Markets Logo. (PRNewsFoto/Research and Markets) (PRNewsfoto/Research and Markets)

News provided by

Research and Markets

Aug 21, 2018, 15:30 ET

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DUBLIN, Aug. 21, 2018 /PRNewswire/ --

The "Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Pulp & Paper), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The heat exchangers market is projected to reach USD 22.59 billion by 2023 from USD 14.68 billion in 2018, at a CAGR of 9.0% from 2018 to 2023. The growth of manufacturing, chemical, and construction industries is driving the market for heat exchangers.

Shell & tube is the most widely used types of heat exchangers that accounted for the major share of the heat exchangers market in 2017. Shell & tube heat exchangers can manage fluids at high temperatures and pressures due to which they are preferred in a variety of applications such as chemical, petrochemical and oil & gas, food & beverage, and power generation.

Based on region, the heat exchangers market is segmented into Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Currently, Europe is the largest market for heat exchangers. The region has huge installed plant capacities of heat exchangers. The heat exchangers market is also emerging in various countries such as China, India, Saudi Arabia, and Brazil due to increasing industrialization.

The heat exchangers market is segmented on the basis of application into chemical, petrochemical and oil & gas, HVACR, food & beverage, power generation, pulp & paper, and others. Chemical was the largest application segment of the heat exchangers market in 2017, due to the increasing demand for heat exchangers from the chemical industries in China and the US. The HVACR segment is projected to be the fastest-growing application segment of the market between 2018 and 2023, in terms of value. This growth of this segment can be attributed to the rapidly growing construction industry and increased government investments in infrastructural projects.

Some of the key players operating in the heat exchangers market include Alfa Laval (Sweden), Kelvion Holdings (Germany), Danfoss (Denmark), Xylem (US), API Heat Transfer (US), Gunter (Germany), and Hindustan Dorr-Oliver (India).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the Heat Exchangers Market
4.2 Heat Exchangers Market, By Type
4.3 Heat Exchangers Market, By Application
4.4 Heat Exchangers Market in the APAC Region
4.5 Heat Exchangers Market, By Region

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Surging Energy Prices
5.1.1.2 Rapid Industrial Expansions in the Developing Markets of APAC
5.1.1.3 Stringent Environmental Regulations
5.1.1.4 Increase in HVACR Deployments and Growth in Industrial Activities
5.1.1.5 Technological Advancements in the Heat Exchangers Market
5.1.2 Restraints
5.1.2.1 Slow Growth of the Market in Europe and North America
5.1.2.2 Lack of Awareness About Energy Efficiency in Buildings
5.1.3 Opportunities
5.1.3.1 Growing Demand for Nuclear Power Generation
5.1.3.2 Large Aftermarket for Heat Exchangers
5.1.4 Challenges
5.1.4.1 Fluorinated Greenhouse Gas Regulations
5.2 Porter's Five Forces
5.2.1 Threat of New Entrants
5.2.2 Threat of Substitutes
5.2.3 Bargaining Power of Buyers
5.2.4 Bargaining Power of Suppliers
5.2.5 Intensity of Competitive Rivalry

6 Macroeconomic Indicators
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Chemical Industry
6.4 Energy Consumption Data, 2016
6.5 Crude Oil Production Data, 2016
6.5.1 Nuclear Energy
6.6 Steel Industry

7 Heat Exchangers Market, By Type
7.1 Introduction
7.2 Shell & Tube Heat Exchangers
7.2.1 Tubular Heat Exchangers
7.3 Plate & Frame Heat Exchangers
7.3.1 Gasketed Plate & Frame Heat Exchangers
7.3.2 Welded Plate & Frame Heat Exchangers
7.3.3 Brazed Heat Exchangers
7.4 Air Cooled Heat Exchangers
7.5 Others
7.5.1 Extended Surface Heat Exchangers
7.5.2 Regenerative Heat Exchangers

8 Heat Exchangers Market, By Application
8.1 Introduction
8.2 Chemical
8.2.1 Fine Chemicals & Pharmaceutical
8.3 Petrochemical and Oil & Gas
8.3.1 Oil & Gas Heater
8.4 HVACR
8.5 Food & Beverage
8.5.1 Sugar and Ethanol Production
8.5.2 Other Applications
8.6 Power Generation
8.7 Pulp & Paper
8.8 Others

9 Heat Exchangers Market, By Graphite
9.1 Introduction
9.2 Cubic Heat Exchangers
9.3 Graphite Block Heat Exchangers
9.4 Polytube Graphite Shell & Tube Block Heat Exchangers

10 Printed Circuit Heat Exchangers Market
10.1 Introduction

11 Heat Exchangers Market, By Region
11.1 Introduction
11.2 North America
11.3 APAC
11.4 Europe
11.5 Middle East & Africa
11.6 South America

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis
12.3 Competitive Situations & Trends
12.3.1 Expansions
12.3.2 Acquisition
12.3.3 New Product Launches
12.3.4 Contracts and Agreements

13 Company Profiles
13.1 Alfa Laval
13.2 Kelvion Holdings
13.3 Danfoss
13.4 SPX Corporation and Godrej & Boyce Manufacturing
13.5 Xylem
13.6 API Heat Transfer
13.7 Guntner
13.8 Hindustan Dorr-Oliver
13.9 Hisaka Works
13.10 Johnson Controls International
13.11 Other Companies
13.11.1 Hrs Heat Exchangers
13.11.2 Modine Manufacturing Company
13.11.3 Sierra
13.11.4 Swep International
13.11.5 Mersen
13.11.6 Thermax Global
13.11.7 Koch Heat Transfer Company
13.11.8 Harsco Industrial Air-X-Changers
13.11.9 Barriquand Technologies
13.11.10 Funke Warmeaustauscher Apparatebau
13.11.11 Vahterus
13.11.12 Radiant Heat Exchanger
13.11.13 Doosan Corporation
13.11.14 Air Products and Chemicals
13.11.15 Thermofin

For more information about this report visit https://www.researchandmarkets.com/research/57bcmv/global_heat?w=5

Media Contact:

Laura Wood, Senior Manager
[email protected]  

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SOURCE Research and Markets

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