The North American Heat Exchangers Market is Driven by the Increasing Demand of Heat Exchangers in the Chemical and Petrochemical Industries

Dec 02, 2015, 13:00 ET from MicroMarket Monitor

PUNE, India, December 2, 2015 /PRNewswire/ --

According to the new Market Research Report "North America Heat Exchangers Market By Type (Shell and Tube Type, Plate and Frame Type, Air Cooled, Others), By Application, By Classification & By Geography - Analysis & Forecast to 2019", the North American heat exchangers market report defines and segments the concerned market with analysis and forecast of revenue. The market was valued at $4.0 billion in 2014 and is estimated to reach $5.5 billion by 2019, at a CAGR of 6.4%, from 2014 to 2019.

Browse through the TOC of North America Heat Exchangers Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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A heat exchanger is a device designed to efficiently transfer heat from one matter to another. It is used across various industries such as chemical, petrochemical, oil & gas, HVAC, pulp & paper, and power generation. It plays a major role in helping these industries increase their operational efficiency and reduce energy consumption. Factors such as increasing demand of heat exchangers in the end user industries and rapid technological advancements are driving the heat exchangers market in this region.

The North American heat exchangers market is segmented on the basis of application, type, classification, and geography. On the basis of application, the market is segmented into chemical, petrochemical and oil & gas, HVAC & refrigeration, food & beverages, pulp & paper, and power generation. In terms of type, the market is segmented into shell and tube type, plate and frame type, air cooled, and others. Based on classification, the market is segmented into material of construction (MoC), temperature range and fluid type, and others. Countries such as the U.S. and Canada are included in this market report based on geography.

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Key Players of the North America Heat Exchangers Market include:  

Tranter, Inc. (U.S.), Xylem Inc. (U.S.), API Heat Transfer (U.S.), Modine Manufacturing Company (U.S.), and SPX Corporation (U.S.), among several others

The heat exchangers market in the U.S. accounted for the largest share in the North American heat exchangers market. Key players operating in this market are majorly present in the U.S. This in turn drives the growth of the heat exchangers market in this region.

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