In January 2019, Danfoss deployed new surface modification technology on its microchannel heat exchangers.
Market Research Future (MRFR) has announced the release of a new research report on the Global Heat Exchanger Market. The report uses extensive historical information about the development of the Global Heat Exchanger Market to provide reliable projections about the market’s likely growth trajectory over the forecast period of 2018 to 2023. Key drivers boosting the global heat exchanger market are profiled in the report to provide readers with a clear picture of the market’s beneficial factors. At the same time, key restraints expected to hold the market back are also profiled in the report. Key players operating in the global heat exchanger market are also profiled in the report to provide readers with a detailed look into the competitive dynamics within the global heat exchanger market. The global heat exchanger market is expected to rise at a strong CAGR of 9.5% over the forecast period.
Heat exchangers are systems that allow smooth transfer of heat from one medium to another. Depending upon the particular setup, heat exchangers can have a varied range of applications which include air cooling, prevention of overheating, waste heat recovery, and general heat transfer. Accordingly, a wide range of industries make use of heat exchangers for various applications, which is likely to remain the key driver for the global heat exchanger market over the forecast period.
The growing industrial sector around the world is likely to be the major driver for the global heat exchanger market. Its proliferation has been particularly prominent in emerging regions such as Asia Pacific and the Middle East, where governments have made serious efforts to boost industrial activities. The manufacturing sector has been a particular beneficiary of the increased government efforts to boost economic activity in these regions and is likely to remain a key end user of heat exchanger solutions over the forecast period. The increasing power generation capabilities in emerging regions are also likely to drive the global heat exchanger market, as heat exchangers are widely used in the power generation sector for applications such as waste heat recovery and prevention of overheating.
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Competitive Analysis:
Leading players in the global heat exchanger market include
• Alfa Laval AB
• Southern Heat Exchanger
• SPX Corporation
• API Heat Transfer Inc.
• Sierra S.p.a.
• Koch Heat Transfer Company
• Hughes Anderson Heat Exchangers
• Hamon & Cie International SA
• Gunter AG & Co. KG
• Xylem Inc.
• Danfoss A/S
• Kelvion Holdings GmbH.
Segmentation:
The Global Heat Exchanger Market is segmented on the basis of Type and Application.
By Type : shell and tube, plate, regenerative, and air cooled heat exchangers.
By Application : chemicals, oil and gas, power generation, heating ventilation air conditioning and refrigeration (HVACR), food and beverage, and others.
Regional Analysis:
The global heat exchanger market is segmented into North America, Europe, Asia Pacific, and the Middle East and Africa.
Asia Pacific is likely to dominate the global heat exchanger market over the forecast period due to the increasing scope for the application of heat exchangers in the chemicals and power generation sectors. The power generation sector in Asia Pacific countries such as India, China, Korea, and Japan relies heavily on fuels such as coal and nuclear, which leads to a need for heat management and/or containment solutions. The heat exchanger market is thus likely to witness increasing demand from Asia Pacific, due to the rapid growth in industrialization in the region.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining power of buyers
3.1.3 Threat of substitutes
3.1.4 Segment rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continue……….
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Website: https://www.marketresearchfuture.com/reports/heat-exchanger-market-2963
Release ID: 480226