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The Global Heat Exchangers Market accounted for $13.21 billion in 2016 and is expected to reach $24.95 billion by 2023 growing at a CAGR of 9.5% during the forecast period. Rapid industrialization, strict Environmental Regulations and technological advancements are some of the key factors favouring the market growth. Increasing demand from nuclear power generation provides ample of opportunities for the market growth.By application, chemical segment commanded the largest market share during the forecast period. By geography, Asia Pacific is expected to grow at a fastest CAGR due to the rising government expenses on infrastructure expansion and increasing exploration activities in the oil & gas sector.
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Some of the key players in Heat Exchangers market include Hindustan Dorr-Oliver Limited, Xylem Inc., Danfoss A/S, Sondex Holdings A/S, Guntner AG & Co. Kg, Alfa Laval AB, Modine Manufacturing Company, Hamon & CIE International SA, Kelvion Holdings GmbH, Hrs Heat Exchangers Ltd., SPX Corporation, Swep International AB, API Heat Transfer Inc., Hisaka Works Limited and Sierra S.P.A.
Applications Covered: Paper & pulp ,Food & beverage, Petrochemical and oil & gas, Power generation, Chemical, HVACR, Other Applications .
Types Covered: Plate & Frame, Air Cooled, Shell & Tube, Microchannel, Other Types, Welded
Gasketed, Finned Tube, Brazed .
Material of Constructions Covered: Stainless steel, Carbon steel, Nickel, Other Material of ,Constructions ,Titanium, Molybdenum, Copper .
Regions Covered: North America, US, Canada, Mexico, Europe, Germany, France, Italy, UK
Spain, Rest of Europe ,Asia Pacific, Japan, China, India, Australia, New Zealand, Rest of APAC
Rest of the World, Middle East, Brazil, Argentina, South Africa, Egypt .
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What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Power Transformers-Global Market Outlook (2017-2023)
The Global Power Transformers Market is estimated at $21.56 billion in 2016 and is expected to reach $38.23 billion by 2023 growing at a CAGR of 8.5% from 2016 to 2023. Innovation of existing power grids, rising demand for energy, positive regulatory scenario and increasing demand for smart transformers are some key factors fostering the market growth. However, factors such as fluctuation in the prices of components, standardization issues and lack of skilled manpower are restricting the market growth.
Amongst Rating, 100 MVA to 500 MVA segment is projected to lead the industry over the forecast period due to its diverse usage in distribution and transmission network for the step-down and step-up application. By Cooling Type, oil-cooled power transformer segment is anticipated to register a larger market share. The growth for this segment is attributed to the fact that oil-cooled power transformers are considered safer while dealing high voltage applications. Asia-Pacific held the largest market share and is likely to dominate the market. The growth for this region is mainly due to the improving infrastructure and surge in government investments to boost the installed capacity across the countries including India and China power transformer market.
Some of the key players in the market include Toshiba Corporation, SPX Corporation, Siemens AG, SGB-SMIT International GmbH., Mitsubishi Electric Corporation, Hyundai Heavy Industries Co. Ltd., Hyosung Power & Industrial Systems Performance Group, General Electric Co, Crompton Greaves Ltd., Bharat Heavy Electricals Limited, ASEA Brown Boveri Group, Alstom SA and ABB Ltd.
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Cooling Types Covered:
Oil-Cooled Power Transformers
Air-Cooled Power Transformers
Ratings Covered:
High (801 MVA to 1200 MVA)
Medium (501 MVA to 800 MVA)
Low (100 MVA to 500 MVA)
Some Points From List of Tables :
1 Global Power Transformers Market Outlook, By Region (2015-2023) ($MN)
2 Global Power Transformers Market Outlook, By Cooling Type (2015-2023) ($MN)
3 Global Power Transformers Market Outlook, By Oil-Cooled Power Transformers (2015-2023) ($MN)
4 Global Power Transformers Market Outlook, By Air-Cooled Power Transformers (2015-2023) ($MN)
5 Global Power Transformers Market Outlook, By Rating (2015-2023) ($MN)
6 Global Power Transformers Market Outlook, By High (801 MVA to 1200 MVA) (2015-2023) ($MN)
7 Global Power Transformers Market Outlook, By Medium (501 MVA to 800 MVA) (2015-2023) ($MN)
8 Global Power Transformers Market Outlook, By Low (100 MVA to 500 MVA) (2015-2023) ($MN)
9 North America Power Transformers Market Outlook, By Country (2015-2023) ($MN)
10 North America Power Transformers Market Outlook, By Cooling Type (2015-2023) ($MN)
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